Across China, many local governments are on the brink of insolvency. Some cities have reduced pay for civil servants. Cuts to municipal health insurance have triggered street protests.Central government bailouts […]
Shanghai (China)
Trending topics and news from the Shanghai (China) category
Back to news homeIn China, a Big Auto Show Returns to a Country That Has Gone Electric
A hall showing off electric vehicles made by Nio, XPeng Motors, Zeekr and dozens of other Chinese companies was mobbed with visitors. An area nearby full of gasoline-powered cars by […]
With ‘Zero Covid’ Behind It, China’s Economy Starts to Recover
China’s consumers, while wary of big-ticket purchases like cars or apartments, are spending again. Many factories are still running below capacity, but exports are strengthening. Even as construction of new […]
China’s Car Buyers Have Fallen Out of Love With Foreign Brands
For years, foreign automakers in China had a bead on customers drawn to luxury brands, like the Cao family in Shanghai. Not anymore.Ben Cao and his wife, Rachel, both 36, […]
Why China’s Economy Faces a Perilous Road to Recovery
Many European manufacturers in China have been forced to operate with about half their usual staff for two to three weeks, affecting output somewhat, said Klaus Zenkel, the chairman of […]
In FTX Collapse, Binance Sees a Chance to Become the New Face of Crypto
Mr. Zhao founded Binance after a brief career in finance, including a stint at Bloomberg, where he built trading software. He created the exchange when he was living in Shanghai.But […]
How Will China Turn Its Economy Back On? The World Is About to Find Out.
For months, investors and C.E.O.s waited anxiously for China to ease up on its Covid restrictions, which burdened the economy and were out of sync with the rest of the […]
Proud, Scared and Conflicted. What the China Protesters Told Me.
They went to their first demonstrations. They chanted their first protest slogans. They had their first encounters with the police.Then they went home, shivering in disbelief at how they had […]
China Protests Over ‘Zero Covid’ Follow Months of Economic Pain
The toll of China’s unwavering approach to fighting Covid has rippled through the world’s second-largest economy for months: Youth unemployment reached a record 20 percent, corporate profits sagged, and economic […]
China Is Finally Trying to Fix Its Housing Crisis
More than a year after one of China’s biggest real estate developers began to collapse, trouble has rippled through cities across the country. Dozens of other developers have also missed […]