The Latest Breaking News from Shanghai

Tesla signs deal for 'Megapack' factory in Shanghai

After building an electric vehicle factory in Shanghai in 2019, the US company has signed an agreement to build another plant in the city, this time to make large-scale energy storage units known as "megapacks". With the agreement, Elon Musk's company is doubling down on its China investments, amid increasing…

France 24 · Apr 10, 2023

Shanghai Composite Index Fell 0.37% on Monday

Shenzhen Component Index closed down 0.8%

Caixin Global · Apr 10, 2023

Tesla to build "Megafactory" in Shanghai for "Megapack" batteries

Tesla plans to initially produce 10,000 Megapack units a year at the factory.

Axios · Apr 9, 2023

Vatican says China has unilaterally appointed bishop to Shanghai

Chinese authorities have appointed a new bishop to Shanghai, the Vatican said on Tuesday, in an apparent violation of a bilateral pact between the two states.

Reuters · Apr 4, 2023

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Bangkok Post · Apr 4, 2023

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times · Mar 31, 2023

'Petrodollar' at risk as TotalEnergies sells LNG to China in yuan

Chinese and French energy companies this week finalised the first-ever deal on liquified natural gas (LNG) in China settled in the renminbi yuan currency. The trade, involving 65,000 tons of LNG imported from the United Arab Emirates, marks a major step in Beijing's attempts to undermine the US dollar as…

Radio France Internationale · Mar 31, 2023

Ugly Half Shining Through — Kiwi Craft Beer Innovator Making Waves in Taiwan

Max Gilbert says he wants to push the benefits of local beer. “There’s an enormous difference in whether you’re consuming a product that tastes as intended when it leaves the brewery or not. The big thing is to encourage people to get behind local products and get to know the…

The News Lens · Mar 30, 2023

Yang Bing-Yi, patriarch of Taiwan's soup dumpling empire, has died

The cofounder of Taiwan's famed Din Tai Fung restaurant chain died at 96, his company announced March 26. He helped turn delicate soup dumplings into a global phenomenon, even earning Michelin stars.

WEKU · Mar 29, 2023

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

Financial Times · Mar 29, 2023