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Shanghai
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Shanghai

Shanghai
Shanghai
With a population of more than 24 million, Shanghai, is a major centre for finance, business and economics, science and technology, and fashion, among other disciplines. It is home to the Port of Shanghai, the world’s busiest container port, and Shanghai Pudong International Airport, one of the world’s 10 busiest airports by passenger traffic.
Head of Government
Party Secretary of Shanghai Chen Jining
Shoppers at Sam’s Club in Hangzhou on February 1, 2026. The retailer has introduced products catering to local tastes in the days leading up to the Lunar New Year holiday. Photo: Weibo
Retailing

Sam’s Club cracks China market formula even as foreign retailers shut shop

The warehouse retailer opened 10 new stores in 2025, accelerating expansion in smaller cities like Zhangjiagang and Yangzhou.

Japan

Russia emerges as unlikely growth market for Japan tourism as China pulls back

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Food and Drinks

This TCM bar in China makes customers drinks based on its doctor’s diagnoses

China's economic recovery

China’s Xi prioritises ‘AI-plus’ and consumer spending to counter economic risks

Previously unreleased comments by Xi urge income growth and tech breakthroughs, potentially setting stage for measures ahead of March’s parliamentary meetings.

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A humanoid robot is pictured, with a big AI logo on the ceiling, at the 2025 Global Industrial Internet Conference in China’s Liaoning province on September 6. Photo: Xinhua
Artificial intelligence

Humanoids go mainstream as China’s robotics champions appear at CCTV spectacle

ByteDance, Unitree, RedNote, Bilibili and Kuaishou among the firms involved in the unparalleled nationwide marketing opportunity.

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China property

Green shoots for China property? Maybe – but the turnaround’s still shaky

Home-price declines eased in January and policy support is building, but analysts warn oversupply continues to cloud the outlook.

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Taiwan

Over 3 million Taiwanese visited mainland China in 2025, Taipei says

Taiwanese media attributes slow post-pandemic recovery to cross-strait tensions, partial travel bans.

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Visitors throng the Temple of Heaven in Beijing. More than a third of Taiwanese visitors to mainland China last year were young people, according to Beijing’s Taiwan Affairs Office. Photo: Xinhua
Artificial intelligence

The AI future is now, and markets are reacting differently in the US and China

Investor jitters grow in the US as AI reshapes expectations, but China’s markets have so far reacted with caution rather than panic.

China property

No floor yet: China home prices keep falling despite policy support

Monthly declines narrowed in January, yet worsening year-on-year prices suggest housing pressures persist.

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Video | Sinkhole appears in Shanghai

The section was closed for repairs and no injuries were reported.

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IPO

Will Chinese AI chip designer Enflame’s Shanghai IPO be another blockbuster?

Tencent-backed Enflame’s listing on the Star Market could follow successful recent flotations from peers Moore Threads, MetaX and Biren.

AI chip designer Enflame on Wednesday entered the inquiry stage of its initial public offering on Shanghai’s Star Market. Photo: Handout
Electric & new energy vehicles

China’s efforts to control EV price war sees carmakers paying vendors quicker

Only a handful of the nearly 50 mainland China-based EV builders have been able to turn a profit amid the price wars.

Artificial intelligence

China’s Zhipu AI launches new major model GLM-5 in challenge to its rivals

The GLM-5 represents a shift in AI development from ‘vibe coding’ to ‘agentic engineering’ to generate an enhanced performance.

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South Korea

South Koreans swap ancestral rites for Japan getaways this Lunar New Year

Short holidays and a weak yen drive the ‘aeroplane instead of the ancestral table’ trend.

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Tourists in traditional outfits visit the snow-covered Kanazawa Castle in Japan’s Ishikawa prefecture last month. Photo: AFP
Robotics

Opinion | For clues to China’s next overcapacity cycle, watch the Spring Festival Gala

AI robots taking centre stage at the coming Spring Festival Gala – now a national tech showcase – will signal official endorsement and likely trigger herd investment.

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Humanoid robots from Chinese company Unitree Robotics are seen backstage at the CCTV Spring Festival Gala in Beijing on January 28, 2025. The organisers of this year’s gala have partnered with robotics and embodied intelligence companies, including Unitree, Galbot and MagicLab, for the show. Photo: Xinhua
Hong Kong stock market

Sudden closure of Chinese restaurant chain’s outlets leaves diners in limbo

Operator Shanghai XNG Holdings suspends operations at 10 branches on the mainland, saying the closures are part of a strategic realignment.

China-Japan relations

How Takaichi’s big win in Japan may complicate Beijing’s Taiwan policy

Taiwan’s opposition leader warns against ‘being reduced to a pawn in strategic competition’, urges efforts to prevent conflict in strait.

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Semiconductors

Shanghai boosts chip fund 11-fold in China’s self-reliance push

Registered capital increases by US$794 million as country’s semiconductor hub strives to nurture local firms.

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The Shanghai IC Fund has invested in more than 20 local chip companies, including wafer foundries SMIC and HLMC. Photo: Reuters
Yuan

China keen to realise ambitions for digital currency amid slow uptake

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, analysts say.

Banking & finance

China slashes wait times for loss-making tech firms seeking refinancing, fundraising

Three of China’s stock exchanges have relaxed fundraising time thresholds on listed tech companies as Beijing pushes for self-reliance.

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China travel

China’s cruise industry passes major milestone as Beijing eyes travel boom

As domestic liner handles 1 millionth passenger, Beijing says it aims to turn yachts and cruise ships into major new consumption drivers.

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The Adora Magic City is the first Chinese-made large cruise ship. Photo: Getty Images
China’s private sector

Before the factory floor, the dance floor: robots find path to market at US$145

Humanoid robots may one day transform factories and warehouses, but for now their most immediate role is keeping the party going.

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What the butler saw ... costumed robots perform a skit. Photo: Handout
Cryptocurrency

Scams and outflows: why China slammed the door on real-world asset tokens

Beijing’s clampdown aims to help safeguard financial security and monetary sovereignty while leaving room for regulated fintech innovation in Hong Kong.

Electric & new energy vehicles

Pony AI and Toyota roll out robotaxis in China’s autonomous drive push

Guangzhou-based Pony AI begins output of 1,000 autonomous cabs and targets a 3,000-unit fleet by the end of 2026 as it expands globally.

Artificial intelligence

China’s AI arms race sees sector brace for major flagship model launch week

A ‘stealth’ model has emerged, while advancements by Alibaba’s Qwen-3.5 and Zhipu’s GLM-5 aim to spur domestic competition following releases by US heavyweights.

China’s AI sector is bracing for a monumental week, with a flurry of anticipated model releases. Photo: Shutterstock
Accidents and personal safety

Worker scalded by hot oil at biodiesel facility in Hong Kong

Police alerted in early hours of Sunday after man, 33, sustained burns while on duty at ASB Biodiesel facility in Tseung Kwan O.

The ASB Biodiesel facility at 22 Chun Wang Street at Tseung Kwan O Industrial Estate. Photo: ASB Biodiesel
France

French duo reach Shanghai, China, after walking over 12,000km in 518 days

Childhood friends Loic Voisot and Benjamin Humblot set off from their hometown of Annecy and crossed 16 countries mostly on foot.

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Mainland China

Shanghai makes future-tech bid with promise of data, talent and capital

The city is striving for an early-mover advantage in the technology of tomorrow, including AI and quantum computing.

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