Business
Five Chinese state-owned firms jointly set up rocket launch company in Shanghai - May 06, 2026
Five Chinese state-owned enterprises have jointly established a new company in Shanghai that focuses on offshore rocket launches, with the shareholders covering the entire supply chain.
Home resales jump in key Chinese cities in April as Shanghai scores decade high - May 06, 2026
Sales of pre-owned homes jumped last month in most of China’s major cities, with Shanghai logging a 10-year high, as a result of this year’s later Chinese New Year holiday and improved market expectations. But analysts still view the recovery as tentative rather than a full market turnaround.
Shanghai draws 16.9 million visitors over May Day holiday as flower fairs, concerts fuel spending - May 06, 2026
Shanghai drew 16.9 million visitors during the five-day May Day holiday, as flower festivals, waterfront coffee fairs, concerts and pop-up retail events helped drive tourism and consumer spending across the city.
Yum China posts record first-quarter operating profit of USD447 million - May 05, 2026
Yum China Holdings, which runs the KFC and Pizza Hut fast-food chains in the country, reported record operating profit of USD447 million for the first quarter amid plans to expand its store count by about a 10th this year.
L’Oréal China notches up solid first-quarter sales, plans to raise investment - May 05, 2026
L’Oréal China has said mid-to-high single-digit growth in first-quarter sales helped to consolidate the French cosmetics giant’s leading position in the Chinese market, and the business will continue to increase its investment and footprint in the country.
Foreign enterprises ramp up investment in China's Shanghai for growing opportunities - May 05, 2026
As a delivery drone slowly set down a parcel of cosmetics, the Estee Lauder China Supply Chain Intelligent Operations Center was officially launched in east China's Shanghai Municipality.
Shanghai tops over 10,000 coffee shops in 2025: report - May 05, 2026
The number of coffee outlets in Shanghai has surpassed the 10,000 mark, with the total figure reaching 10,336 in 2025, an increase from 9115 coffee shops in 2024, according to the 2026 China Urban Coffee Development Report released last Thursday.
Shanghai to invest USD585 million building world’s highest ferris wheel, other attractions - May 05, 2026
Shanghai will spend CNY4 billion (USD585 million) building five major new cultural tourism projects, including the world’s highest Ferris wheel.
China's consumption cities boost economy and global influence - May 05, 2026
With their combined retail sales of consumer goods exceeding 6.2 trillion yuan ($907.83 billion) in 2025 and revenue from departure tax refunds surging 86 percent year-on-year, China's five international consumption center cities have become key drivers of domestic spending, Minister of Commerce Wang Wentao said last Thursday.
Aero Engine targets certification for AEP100 turboprop model - April 29, 2026
Aero Engine Corp of China, the nation's leading aircraft engine manufacturer, plans to obtain the type certificate for its new model of turboprop engine, the AEP100, in 2027, according to a project leader.
