# Shanghai
Latest news and articles about Shanghai
Total: 28 articles found
Shanghai Moves to Supercharge the Second‑hand Economy with 'Internet+' Push and Tighter Rules
Shanghai has issued guidance to expand its second‑hand goods market by scaling an “Internet+” model, improving trade‑in and registration procedures for cars and electronics, and encouraging third‑party testing and appraisal services. The package aims to boost consumption, formalise trading practices and advance circular‑economy goals, while posing enforcement and data‑privacy challenges.
Shanghai Offers Cash Bonus for Energy‑Efficient Appliance Upgrades to Spur Consumption and Cut Energy Use
Shanghai will subsidise purchases of top‑rated energy and water‑efficient household appliances with a rebate equal to 15% of the sale price, capped at 1,500 yuan per item and available for six categories of products. The move aims to boost consumption, accelerate replacement of inefficient appliances, and support domestic manufacturers while advancing municipal energy‑efficiency goals.
Shanghai Rolls Out Cash Incentives to Push Energy‑Efficient Appliance Upgrades — ¥1,500 Cap Per Item
Shanghai will subsidise purchases of top‑rated energy and water‑efficient household appliances — refrigerators, washing machines, TVs, air conditioners, computers and water heaters — at 15% of the sale price up to ¥1,500 per item. The measure aims to stimulate consumption and accelerate household upgrades while supporting municipal energy‑saving goals, though its impact depends on implementation and recycling capacity.
Shanghai Bets on a ‘Rocket Star City’ in Minhang to Forge a RMB100 billion Commercial Space Hub
Shanghai has announced plans to build a 9.3 km2 commercial-space cluster in Minhang—“Rocket Star City”—aiming to establish a full reusable-rocket industry chain and annual capacities of up to 150 rockets and 500 satellites by 2030, targeting roughly RMB100 billion in industry output. The initiative accelerates China’s push to industrialise commercial space but faces constraints around launch access, regulation and workforce scaling.
Bright Dairy Repackages Itself for 2026: From High‑Protein Yogurt to Museum Tie‑Ins and City‑Exclusive Milk
Bright Dairy launched a broad 2026 strategy in Shanghai that combines product science, cultural branding, upgraded subscription services and experiential tourism. The company is betting that premium, functional dairy products and city‑specific storytelling will deepen consumer loyalty and lift margins as it expands its industry chain control.
Bright Dairy Reboots Growth with Tech, Culture and a Shanghai‑Only Milk
Bright Dairy used a high‑profile Shanghai launch to roll out premium and localized products, service upgrades and cultural tourism projects that combine R&D, urban branding and experiential marketing. The moves reflect a broader strategy by Chinese state‑linked consumer firms to compete on quality, provenance and health functionality rather than price alone.
Shanghai Stakes a Claim to 120 ExaFLOPS of Smart Compute and Pitches Space–Ground 'Supernode' Architecture
Shanghai announced that its aggregate smart‑compute capacity has surpassed 120,000 petaFLOPS and outlined an agenda to build a self‑reliant compute ecosystem linking domestic chips, models and cloud services. Officials and industry groups also floated an integrated space–ground architecture that would treat LEO satellites as programmable compute clusters to achieve global, low‑latency coverage for selected applications.
Shanghai, Beijing and Zhejiang Pull Ahead as China’s Household Incomes Rise — But Consumption Lags
China’s national per‑capita disposable income rose 5% to 43,377 yuan in 2025, led by Shanghai, Beijing and Zhejiang, while household spending growth slowed to 4.4%. The gains are concentrated in coastal and major city provinces, and policymakers are prioritising income and job measures to revive consumption.
Beijing Joins Shanghai as China’s Second City to Top Rmb5 Trillion — A New Service‑Led Model Emerges
Beijing’s 2025 GDP reached Rmb5.21 trillion (about USD740 billion), making it the second Chinese city after Shanghai to cross the Rmb5 trillion threshold. The milestone reflects a service‑and‑innovation‑led growth model achieved under a policy of “reduced‑scale development,” positioning Beijing as a global economic actor comparable to many medium‑sized countries while presenting new strategic tradeoffs in openness, livability and high‑level transformation.
Jensen Huang’s Shanghai Stop: Nvidia Plants a Flag in China as H200 Sales Hang in the Balance
Nvidia CEO Jensen Huang visited Shanghai to inspect the company's new Zhangjiang offices and engage with staff and suppliers, signalling continued commitment to China. A central objective is to clarify compliance and sales pathways for the H200 accelerator after its conditional approval for export to China, while deepening local supply‑chain and software ties.
Pudong on the Cusp of a City-Sized Economy: China’s Emerging Mega-Districts Reshape Urban Hierarchy
Pudong New Area is approaching the RMB 2 trillion mark, making it economically comparable to a top Chinese city and underscoring how sub-city units are increasingly driving China’s urban economy. This concentration of activity in a handful of districts and counties highlights tensions between agglomeration-driven competitiveness and the need for more balanced regional development.
China’s 2025 Incomes: Strong Wage-Led Gains, but Coastal Cities Pull Ahead
China’s National Bureau of Statistics reported that national per-capita disposable income rose to 43,377 yuan in 2025, up 5.0% in real terms, but gains are unevenly distributed. Shanghai and Beijing lead by a wide margin, while selected central and western provinces show catch-up driven by industrialisation and urbanisation.