Shanghai

Xiaomi, Chery and FAW have raised prices on their electric vehicles amid surging chip and raw material costs, a sharp departure from 2025's aggressive cuts, though analysts caution that weak demand could force reversals. The trend started earlier this month, with Xiaomi making the latest adjustment.

19 Mwezi wa tatu, 2026 Imeripotiwa na AI

Shanghai certified 30 new regional headquarters of multinational corporations and 15 research and development centres funded by overseas entities on Wednesday, a sign of continued interest in the Chinese financial hub despite an overall decline in the country’s foreign direct investment. The ceremony was hosted by the city’s mayor, Gong Zheng, with eight companies on the Fortune 500 list.