Ye Lang News Today

Mainland China’s commercial and financial hub plans to set up a 100 billion yuan (US$13.8 billion) fund of funds focusing on key technology sectors to fire up the local economy.

Mayor Gong Zheng said more landmark deals are in the works as Shanghai tries to burnish its image as an international investment magnet.

Shenergy’s chairman said that the company would do its utmost to ensure sufficient supply of electricity to the city, particularly in the peak season.

The state-owned power generator said it will continue to boost reserves amid forecasts for a surge in electricity demand during the summer The Shanghai Waigaoqiao No 3 Power Generation plant, one of Shenergy's key assets, has stored 200,000 tonnes of coal Shenergy has increased its reserves of coal and conducted thorough maintenance as one of Shanghai's major power producers moves to help avert an energy crunch in the city amid an expected...

Vice-Premier Sun Chunlan instructed local authorities on Thursday to close any “loopholes,” after the Chinese president doubled down on his government’s pursuit of a dynamic zero-Covid goal.

Shanghai has released more than 11,000 recovered Covid-19 patients as infection numbers continued to climb. Wu Qianyu, a senior official with the city’s public health commission, said on Sunday (April 10) that the patients would be put under home quarantine and no further controls should be imposed on them. “Relevant authorities in the areas they live in have to be...

COVID-19 is continuing to subside throughout the world with cases in the past week down to slightly above 1 million a day and deaths under 3,400 though

CX Daily: The Fall Of China’s Last Bitcoin Mining Haven An ethnic Tibetan woman in Sichuan province’s Heishui county carries components of cryptocurrency mining machines that were sent from the Xinjiang Uyghur autonomous region on May 2. Photo: Ding Gang/Caixin Bitcoin / For the past year and a half, the loud whirring of tens of thousands of high-power computers filled a cavernous warehouse round-the-clock, making a stark contrast with the hushed forests of the Ngawa Tibetan and Qiang auto...

Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms Daniel Ren ren.wei@scmp.com © SCMP An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang Guangdong-based Xpeng Motors has been granted a 12.8 billion yuan (US$1.98 billion) credit line by Chinese state-owned banks. The company, one of three Chinese electric vehicle...