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The Latest Breaking News from Shanghai

China Moves Forward With Plan for Shanghai International Reinsurance Market

Financial regulatory agency issues detailed implementation rules for reinsurance exchange to be built in Lingang New Area

Caixin Global

Why 40°C is bearable in a desert but lethal in the tropics

This year, even before the northern hemisphere hot season began, temperature records were being shattered. Spain for instance saw temperatures in April (38.8°C) that would be out of the ordinary even at the peak of summer. South and south-east Asia in particular were hammered by a very persistent heatwave, and…

The Conversation

No 'decoupling' between U.S. & China, says JPMorgan's Jamie Dimon

JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.

Fortune

From analysis to the latest developments in health,
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U.S. CEOs like Jamie Dimon and Elon Musk travel to China as Sino-American relations worsen

Some of America's top business leaders are visiting China this week, even after the G7 called for a strategy to diversify away from China.

Fortune

Tesla boss Elon Musk kicks off high-stakes China trip

China’s foreign ministry quoted Musk as saying he wanted to expand business in China and opposed a decoupling.

Al Jazeera

Elon Musk Meets Chinese FM, Reaffirms Tesla's Commitment To China

Tesla's CEO reportedly also seeks to meet China's Premier Li Qiang to discuss automated-driving technology the US EV maker is seeking to introduce in China.

InsideEVs

Sangha by Octave: ‘I found my wellness holy grail at this health retreat near Shanghai’

Quantam wellness meets Chinese traditional medicine at this luxury spa in Suzhou, writes Jo Fernández

Evening Standard

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Hawkers back on China's streets as economic recovery teeters

Wang Chunxiang pushes a cart around busy areas of Shanghai, playing cat and mouse with the authorities as she tries to sell pastries. The jobs she could get do not pay enough for her to make ends meet.

Reuters

Shanghai records hottest day in May in 100 years

Temperature hits 36.7C in China’s largest city as records fall across Southeast Asia and South Asia.

Al Jazeera

Tesla Model 3 Update Likely Coming Soon As Giga Shanghai Production Stalls

Tesla Model 3 production has allegedly stopped at Gigafactory Shanghai according to Chinese blogger Wu Wa.

InsideEVs

‘Road to UFC 2,’ Episode 4 results: DQ in main event overshadows Peter Danesoe’s flying knee brilliance

Check out complete results from Episode 4 of "Road to UFC 2" from Shanghai.

USA Today Sports Media Group

‘Road to UFC 2,’ Episode 3 results: Zhu Rong delivers quick TKO in main event

Check out complete results from Episode 3 of "Road to UFC 2" from Shanghai.

USA Today Sports Media Group

China Eastern launches new homegrown narrow-body jet

BEIJING/SHANGHAI: China Eastern Airlines on Sunday sent the country's narrow-body jet C919 on its first commercial flight, marking the homegrown plane's entry into passenger service and a milestone for China's efforts to become more self-reliant.

Bangkok Post

‘Road to UFC 2,’ Episode 2 results: Devastating elbow KO steals the show

Episode 2 of "Road to UFC 2" from Shanghai featured one of the best knockouts of the year thus far.

USA Today Sports Media Group

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Radio France Internationale

Jailed Dutch-Chinese scientist 'forgotten' by his country and company

Dr Zhang Mingqiang is in cell number 204 of Shanghai’s notorious Qingpu prison – sentenced to six years for spying. He worked for US pharmaceutical giant Amgen in charge of research and development at their Asian operations. Caught in the crossfire between Beijing, the US and the EU, Zhang and…

Caixin Global

Shanghai Composite Index Rose 0.35% on Friday

Shenzhen Component Index closed up 0.12%

InsideEVs

Tesla Adds Made-In-China Vehicles To Its Canadian Inventory

Tesla has officially added made-in-China (MIC) Model 3 and Model Y vehicles to its Canadian inventory, confirming the American EV maker has shipped vehicles from its Shanghai Gigafactory to North America.

The Conversation

Coca-Cola's biggest challenge in greening its operations is its own global marketing strategy

Coca-Cola is one of the world’s most widely recognized brands. Its global reach, spanning more than 200 countries, was the theme of a 2020 commercial that showed families drinking Coke with their meals in cities from Orlando, Florida, to Shanghai, London, Mexico City and Mumbai, India.

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news in one place.

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360info

Rising sea levels could swamp sinking Shanghai

More than half the city will be under 1.2 metres of flood waters by the end of this century if action is not taken now.

Al Jazeera

China’s cash-strapped local governments can’t pay workers on time

China’s local municipalities are heavily in debt, with all 31 apart from Shanghai reporting deficits in 2022.

Autosport

Shanghai track regains top FIA licence as F1 Chinese GP targets 2024 return

It is understood that the venue, which has hosted the Chinese F1 round since 2004, was unable to maintain its circuit certification due to the impacts of the COVID-19 pandemic.

Reuters

China should set clear rules for due diligence sector amid probes - US business lobby

The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide more guidance for the sector.

The Guardian - AU

China targets foreign consulting companies in anti-spying raids

State media report suggests growing suspicions of firms involved in due diligence and business research industries

Reuters

Chinese scour Thailand for homes, looking to offset risks after pandemic

Shanghai resident Daniel Bian drank in the sweeping views over the Thai capital as he lay on a deckchair beside a swimming pool on the 19th floor of a luxury condominium.

Caixin Global

Bank of Shanghai Fined $14.3 Million For Forex Violations

State Administration of Foreign Exchange finds series of missteps including unauthorized transactions by branch banks and illegal sales of wealth management produces

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