Saudi Basic Industries Corporation (Sabic) has opened its state-of-the-art Sabic Technology Center (STC) in Shanghai, built with an initial investment of $100 million.
The centre, one of Sabic’s 17 Sabic global R&D cente
China opened a new free trade zone in Shanghai on Sunday in what has been hailed as potentially the boldest reform move in decades, unveiling fresh details of plans to liberalise regulations governing finance, investment and trade in the zone.
A liquid ammonia leak from a refrigeration unit at a cold storage facility in Shanghai on Saturday has killed 15 people and injured 26 others, local authorities said.
The leak occurred at 10:50 am local time (0250 GMT / 10:50 p.m.
Gold edged lower on Monday after three weeks of gains as investors awaited the results from a key Federal Reserve policy meeting this week for guidance on when the central bank would begin to scale back its stimulus.
Gold edged higher on Thursday after tumbling 12 per cent over the past 8 sessions, as soft data on US economic growth eased fears of a quick end to the Federal Reserve's monetary stimulus.
Bullion was still not far off Wednesd
China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's international iron ore trade.
China will build a second, larger aircraft carrier capable of carrying more fighter jets, the official Xinhua news service reported late Tuesday, quoting a senior officer with the People's Liberation Army (PLA) Navy.
Toyota Motor Corp is giving its Vios and Yaris models a major makeover for China as part of the Japanese group's make-or-break move into the no-frills entry-level segment of the world's biggest autos market.
Versions of th
Chinese authorities have found traces of a new bird flu virus that has killed six people in more areas in Shanghai, state media reported, after authorities slaughtered over 20,000 birds at a large poultry market in the city.