A Chinese court issued a personal protection order to restrict a man’s behaviour after he repeatedly posted arguments with his wife in his son’s school chat groups. The Shanghai Pudong New Area People’s Court took this action after determining that the father’s behaviour constituted domestic violence. This case was recently publicised, igniting heated online discussions. The Shanghai man, surnamed Lin, had been estranged from his wife for an extended period. His son lived with his mother and had...
Shanghai is exploring dedicated funds to tackle “choke point” technologies and new channels for offshore yuan capital to invest in China’s tech board, while allowing pre-profit tech firms in AI and nuclear fusion to go public. The municipal government will encourage the launch of dedicated funds focused on addressing “supply-chain gaps and breaking through ‘choke point’ technologies”. The funds would pool investment from corporate investment arms of state-owned enterprises, government-backed...
Traffic almost came to a standstill 2km (1.2 miles) from the Shanghai Expo Centre on Friday, the first day of the World Artificial Intelligence Conference (WAIC). With temperatures nearing 40 degrees Celsius (104 degrees Fahrenheit), scores of attendees abandoned their taxis to walk the rest of the way under the hot sun. This year’s conference mirrored the weather: it was the hottest, most crowded WAIC in my six years covering the event and, I was told, the most vibrant since its inception in...
New home prices in four Chinese first-tier cities rose by an average of 0.1 per cent last month, extending a four-month rebound and signalling a gradual recovery in market sentiment as housing stabilisation measures gain traction. Compared with May, home prices edged up 0.3 per cent in Shanghai and Shenzhen and by 0.2 per cent in Guangzhou, according to data released by the National Bureau of Statistics on Wednesday. However, they fell 0.3 per cent in Beijing. Among 70 large and medium-sized...
The Taiwan People’s Party (TPP) has sent its first formal delegation to mainland China since the party’s founding, seeking to maintain cross-strait peace through dialogue amid heightened tensions with Beijing. The nine-member delegation from the island’s smaller opposition party left for Shanghai on Tuesday for a four-day visit focused on youth exchanges, urban governance, artificial intelligence (AI), technological innovation and entrepreneurship. “The trip aims to build goodwill and mutual...
Shanghai has been urged to build itself into a hub serving the rising outbound investment needs of Chinese firms, potentially increasing rivalry with Hong Kong as both cities race to augment their status as financial centres. The suggestion by Liu Xiaochun, vice-president of the Shanghai Finance Institute and a senior banker with three decades of experience, was made in mid-June at a closed-door meeting hosted by China Finance 40, a Beijing think tank comprising many top Chinese financial...