Monthly Archives: July 2018

Tesla to build super factory in Shanghai

Tesla, the US-based e-car manufacturer, announced a deal with the Shanghai municipal government to construct a super factory in Lingang area, Pudong, Shanghai, on July 10. The plant, which is expected to produce 500,000 electric vehicles a year, is the city's biggest ever foreign-funded manufacturing project. Elon Musk, co-founder and CEO of Tesla, said that the plant...
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China makes headway in structural deleveraging

A pedestrian walks past the People's Bank of China (PBOC) headquarters in Beijing, May 4, 2016. BEIJING - China has made steady progress in what it calls "structural deleveraging," with leverage ratios in major sectors under control. Growth in China's overall leverage ratio dropped substantially in 2017, with an increase...
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Zhangjiang targets highly-skilled overseas Chinese

Highly-skilled overseas Chinese have become a new focus for Shanghai's Zhangjiang area in its attempts to bring in talented personnel, said Cheng Dong, president of the Shanghai Pudong Association of Returned Overseas Scholars, on July 12. Cheng went on to say that this is because often overseas Chinese will bring back a team of professionals with them...
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