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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.