China shuts down Shanghai Disneyland, locks guests inside the park

Almost 34,000 people at Disneyland underwent testing, on Sunday. Thousands of visitors at the Shanghai Disneyland were waiting in queue for their turn, when the staff members of the amusement park streamed in and started testing everyone for Covid-19, not allowing them to leave.

CHINA PLANS TO BOOST ITS OWN BLOCKCHAIN INDUSTRY BY 2025

Highlights –

• China plans to boost its own blockchain industry by 2025.
• The country is aiming to boost the technological application and industrial development of blockchain.
• China plans to support the establishment of 3-5 backbone ent...

CHINESE STOCKS END HIGHER; SHANGHAI TO HAND OUT DIGITAL CURRENCY

Highlights –

• Chinese stocks end higher; Shanghai to hand out digital currency.
• Shanghai Composite Index ended up 0.21 percent, at 3,591.84 points.
• The ChiNext Index gained 1.28 percent to close at 3,242.61 points.
• Shanghai ...

AMID INCREASING US-CHINA TENSIONS, TESLA HALTS ITS PLANS TO PURCHASE LAND IN SHANGHAI

Highlights

• It is also being said that Tesla had previously thought of expanding exports of its China-made entry-level Model 3 to more markets including the US

• Sources claim that Tesla was intending to curb the proportion of China output in its global production d...

CHINESE INVESTORS ARE INVESTING MORE ON MMF SINCE MID-FEBRUARY

Highlights –

• Chinese investors are investing more on MMF since mid-February.
• China’s blue-chip index posted the worst monthly performance in March.
• The Hwabao WP Listed Money Market ETF saw its total units increase 21% to 1.77 b...

SHANGHAI FUTURES EXCHANGE STEEL REBAR AND HOT ROLLED COIL FUTURES ROSE

Highlights –

• Shanghai Futures Exchange steel rebar and hot rolled coil futures rose.
• Shanghai Futures Exchange’s most traded construction rebar closed up 1.0% at 5,003 yuan.
• Hot rolled coil futures, jumped 1.5% to 5,467 yuan per...

U.S GLOBAL ASSET MANAGER BLACKROCK DE-REGISTERS FROM SHANGHAI UNIT

Highlights –

• U. S Global asset manager BlackRock de-registers from Shanghai unit.
• It voluntarily cancelled the business registration of its WFOE unit in Shanghai.
• China had opened its mutual fund industry to foreign managers last Apri...

CHINA’S ENERGY MONSTER STARTUP COMPANY ENTANGLED IN OWNERSHIP DISPUTE

Highlights –

• China’s Energy Monster startup company entangled in ownership dispute.
• The company is backed by Alibaba and SoftBank.
• The ownership dispite could cloud a Nasdaq flotation.
• Two Shanghai-based venture capit...

CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE

Highlights –

• China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
• The company reported 788.4 million annual active buyers until the end of 2020.
• The company’s shares fell by 9% in pretrade activity ...

CHINA’S BLUE CHIP INDEX SUMMITS AT 13 YEAR ALL-TIME HIGH ON GLITTERING RARE EARTH STOCKS

• China's tenacious blue-chip index closed on Tuesday at the highest level in 13 years, with rare earth stocks glittering, as investors were reconfirmed of a quicker economic recovery following a restrictment of a resurgence of locally transmitted Covid-19 infections.
• The blu...

WILD LIFE SEEKERS RESUCE ANIMALS AND PROVIDE THEM SANCTUARY IN SHANGHAI

• Huaxia Park in a Pudong  forest greenery close to the Outer Ring Road salvages harmed fowls, snakes, turtles, racoon canines, servals, hedgehogs and other wild creatures, and provides them sanctuary.
• In one of the list of prized endeavours is to restore groups of water dee...

DRIVERLESS METRO TRAINS IN CHINA LEVERAGE TECHNOLGY ON NEVER-ENDING TUNNNEL STRETCHES

• Many wide-eyed Metro passengers on newly opened Line 15 board the train as close to the front as possible to get an unblocked view of the lit tunnels as the train passes through. That view is no longer obstructed by the driver’s cabin.
• The delightful experience of viewing...

ALIBABA REPORTS HUGE QUARTERLY PROFITS EVEN AS BEIJING STIRS TROUBLE

• Alibaba reported big quarterly earnings in profits for its e-commerce business. However China's most prosperous tech firm had nervousness writ large on faces of investors on Tuesday.
• This was due to a regulatory crackdown by Beijing followed by co-founder Jack Ma's bad ...

TONS OF FROZEN SEAFOOD IMPORTS TESTED UPON FOR COVID-19 IN CHINESE PORT CONGESTION DILEMMA

• A huge stack of fish supplies at a Chinese port threatens hitting shipments of frozen food across the country and beyond.
• Hundreds of vessels are being detained in Dalian, a major port for seafood imports, as local authorities conduct tests on the fish for coronavirus detection...

CHINA’S FORTUNE DOES A SWIFT VOLTE-FACE WHILE COVID-19 SUBJUGATES OTHER NATIONS

• As most nations around the world engage in a hard fought battle with new lockdowns and layoffs in the face of the soaring pandemic, just one major economy has swung back after bringing the coronavirus mostly under tight supervision: China.
• The Chinese economy rose 2.3 percent l...

PRE-PRIMARY SCHOOL TEACHERS TO BLOOM IN COLLEGES ARRESTING SLIPPING FACULTY NUMBERS

• A primary education college was established at Shanghai Normal University on Monday to bring into focus the shortage of kindergarten teachers in the city.
• Zhu Ziqiang, president of the university, said the college will bolster support for teaching staff in preschool education i...

SHANGHAI MOBILE GAME CREATORS BREAK INTO BIG TIME

• From the dormitories at Shanghai Jiao Tong University to Japanese anime, comics and gaming, three postgraduate students came up with their own formula for heralding in the big time in mobile gaming.
• In 2011, Liu Wei, Cai Haoyu and Luo Yuhao honed in with “Fly Me 2 the Moo...

CHINA DESIGNS NEW MAGLEV PROTOTYPE HERALDING SHAPE OF THINGS TO COME

• The train is sitting pretty in the wings to be put to test with a speed of 620Km/hr which it can notch up. Though researchers are in full swing to increase the speed to 800km/h (497mph).
• This talk was just about the new maglev; part of Beijing’s super- charged up plan to ...

CHINA'S STOCK MARKET REPORTS EXTENSIVE GAINS IN 2020

Highlights –

• China's stock market reports extensive gains in 2020.
• In 2020 benchmark Shanghai Composite Index gained 13.87 percent.
• Net inflows through ‘northbound trading’ exceeded 200 billion yuan.
• The cou...

SHANGHAI CUSTOMS REPORTS RISE IN TOTAL FOREIGN TRADE BY 2.2 PERCENT

Highlights –

• Shanghai customs reports rise in total foreign trade by 2.2 percent.
• From January to November, the total exports rose by 0.5 percent to 1.25 trillion yuan.
• Shanghai’s total foreign trade rose to 3.15 trillion yuan (...