Foreign investment to Shanghai up 10.9 percent in H1

Shanghai received 9.2 billion U.S. dollars of foreign investment in the first half of 2014, up 10.9 percent from a year earlier, the Shanghai municipal government said Thursday. About half of new foreign-invested projects went to the Shanghai Free Trade Zone. Twelve multinational corporations (MNCs), including Volvo, Zegna and Danone, have set up their regional […]

Shanghai consumer goods imports on the rise

China’s financial hub of Shanghai has witnessed brisk demand for imported consumer goods, with a sustainable growth in value, said customs authorities on Tuesday. In the first half of this year, the value of goods imported to Shanghai reached 133.96 billion yuan (about 21.44 billion U.S. dollars), a 26.7-percent year-on-year increase, according to Shanghai customs. […]

Consular staff visit Soong Ching Ling Memorial

More than 60 foreign consuls and commercial attaches in Shanghai visited the Soong Ching Ling’s Residence and Memorial on Huaihai Road W. and other historical sites in Xujiahui this past Sunday. Their tour was organized by the Shanghai Municipal Commission of Commerce and the Xuhui District government in appreciation of their contributions to Shanghai’s development. […]

Minsheng Wharf to morph into cultural icon

A new cultural and creative industry park, the largest in downtown Shanghai by the shore of the Huangpu River, will open next year. The 100,000-square-meter park has a 739-meter-long waterfront facing the Huangpu River. It has Yangjing Port to the east, Minsheng Road to the west, Binjiang Road to the south, and the river to […]

Shanghai liquid ammonia leak caused by detached pipe cap

Shanghai liquid ammonia leak caused by detached pipe cap

An initial investigation showed that the liquid ammonia leak that killed 15 in Shanghai on Saturday was caused by a detached pipe cap, local authorities said Sunday. A cap on a pipe carrying liquid ammonia fell off, releasing the chemical at around 10:50 a.m. Saturday, which resulted in the death of 15 and left 25 […]