06 Jul 2022

China’s real estate crisis deepens as big Shanghai developer defaults

A new Chinese developer has defaulted on its debt, another blow to the real estate sector in China. The Shanghai-based Shimao Group failed to pay the principal and interest on a $1 billion bond that was due on Sunday. The bond didn’t have a grace period for the principal.  This

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23 Nov 2020

Shanghai airport Covid scare sparks ‘chaotic’ mass testing

Positive COVID-19 tests occurring at Shangai’s Pudong airport has sparked a massive wave of testing, with thousands of people being swabbed for COVID-19 as chaos ensues. Authorities required all cargo staff working at the airport to attend a mandatory testing session on Sunday, which was reportedly a calm and orderly

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10 Dec 2018

Shanghai: Everyone safe but watched in mega-city full of cameras

“Municipal officials in Shanghai now take pride in the litany of Internet of Things applications in their city that make streets and homes safer. For instance, they say cameras at the entrance to a residential estate can scan the face of a driver and his car plate and instantly open the

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