Shares of Tsingtao Brewery Co Ltd rose nearly 5 percent on Friday after the beer maker confirmed that its second-largest shareholder Asahi Group of Japan was selling all or part of its stake in the Chinese company.
Shanghai enjoys the highest minimum monthly pay of 2,480 yuan (1) and Beijing tops the minimum hourly wage chart of 24 yuan among 32 provinces, municipalities and autonomous regions, according to the statistics from the ministry.
She added that news articles from traditional news agencies are easily transferred to personal blogs and social media feeds without giving credit.
Shanghai-based conglomerate Fosun Group, together with the Nanjing Nangang Iron and Steel United, announced a joint acquisition of a major stake in a German lightweight automotive company, Koller Beteiligungs GmbH, on Thursday.
Shares of airline companies were among leading decliners in the wake of the cancellation of more than 300 inbound and outbound flights on Tuesday. Hong Kong's largest carrier, Cathay Pacific Airways, continued its drop on Monday. Shares of Cathay Pacific tumbled 2.96 percent to HK.51 (.21), a 10-year low.
Shanghai's Yu Garden historical tourist site will be illuminated by modern and traditional lantern installations from Jan 10 to Feb 11. The annual light show for Spring Festival and Lantern Festival is a city tradition, first started in 1995.
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Shanghai's Huangpu River was dotted with 15 white sailboats on Thursday morning as they sailed across the river to celebrate the 15th Maritime Day, which fell on July 11.After cruising around the river, the sailboats returned to their west side start point, the international passenger transport center in Hongkou district.A series of activities were held on the day, including maritime lectures, maritime culture experience, and a display of Chinese aircraft Liaoning at the People's Square metro station.The celebration culminated with the Yangtze River Delta Shipping Integration Development Forum, during which Shanghai was named fourth among 43 international shipping centers, following Singapore, Hong Kong and London, according to the Xinhua-Baltic International Shipping Center Development Index published on Thursday.
She added that trips to African destinations such as Mauritius, Kenya, Morocco and South Africa, which cost 10,000 to 20,000 yuan (,490 to ,980) and take about a week, are particularly well-received among Chinese tourists in the summer.
Shanghai Party Secretary Li Qiang said that globally well-known brands cannot be built in haste. The government will help local companies better establish their brands overseas, taking advantage of the China (Shanghai) Pilot Free Trade Zone, to allow local companies to access the world's mid to high-end value chain.
Shanghai residents love red wine and cocktails more than residents of any other Chinese city, according to data released by internet giant Alibaba Group.