Latest Shanghai News

Security scanners across Europe tied to China govt, military

Jan. 20, 2022 03:08 AM EST

At some of the world’s most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China’s military and the highest levels of the ruling Communist Party. The World Economic Forum in Davos. Europe’s largest...

Asian stocks rise after China rate cuts, Japan export gain

Jan. 19, 2022 22:20 PM EST

BEIJING (AP) — Asian stock markets rose Thursday after China cut interest rates to shore up flagging economic growth and Japan reported a double-digit rise in exports. Benchmarks in Shanghai, Tokyo, Hong Kong and Seoul advanced. On Wall Street, the benchmark S&P...

Asian shares mostly lower after retreat on Wall Street

Jan. 18, 2022 23:07 PM EST

TOKYO (AP) — Asian shares fell in cautious trading on Wednesday after stocks on Wall Street sank to a new low for the year. Tokyo, Shanghai, Seoul and Sydney were lower while Hong Kong edged higher. Technology shares led the decline Tuesday on Wall Street....

World shares mixed after China reports slowing growth

Jan. 17, 2022 03:31 AM EST

BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. ...

Asian shares mixed after China reports slowing growth

Jan. 16, 2022 22:32 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined. The...

Asian shares skid, tracking Wall Street retreat

Jan. 13, 2022 22:53 PM EST

BANGKOK (AP) — Asian shares slipped Friday after a retreat on Wall Street that left the Nasdaq composite down 2.5%. Tokyo fell nearly 2% and Hong Kong, Shanghai and Seoul also were lower. China reported its global trade surplus surged nearly 30% in 2021 to $676.4...

Asian stocks mixed as inflation augurs Fed rate hikes

Jan. 12, 2022 23:19 PM EST

BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after the latest report of surging prices in the U.S. appeared to keep the Federal Reserve on track to raise interest rates in coming months. Tokyo, Shanghai and Seoul were lower while Hong Kong and Sydney advanced. U.S....

Asian stocks follow Wall St up as Powell says rates to rise

Jan. 11, 2022 22:59 PM EST

BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after Federal Reserve chairman Jerome Powell said monetary policy would return to normal and interest rates might be raised earlier than planned. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices...

US airlines say China is forcing them to cancel some flights

Jan. 11, 2022 19:47 PM EST

U.S. airlines say China has blocked more than a dozen recent and future flights from entering the country, which has been tightening already-strict COVID-19 travel restrictions. China ordered the cancellations after some passengers tested positive for COVID-19 on flights that arrived...

Asian stocks mixed after Wall St falls on rate hike worries

Jan. 09, 2022 23:06 PM EST

BEIJING (AP) — Asian stock markets were mixed Monday after Wall Street fell on worries the Federal Reserve will raise interest rates as soon as March. Shanghai and Hong Kong advanced. Seoul and Sydney declined. Japanese markets were closed for a holiday. Investors...