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Shanghai's Huangpu River is dotted with 15 white sailboats as they sailed across the river to celebrate the 15th Maritime Day, which fell on July 11. [Photo provided to chinadaily.com.cn]

Shanghai-based China Eastern Airlines has confirmed that it had raised its demand for claims with Boeing after two Boeing 737 MAX aircraft crashes, adding that its final demand will be in line with that of the aviation administration because more than one carrier in China is using the model.

Shao Fujun, chairman of China UnionPay and a former PBOC official, said that the potential forms and plans for the CBDC are varied, which are still under discussion. "It will have lots of positive impacts," he said, "including tracking the money flow in economic activities and supporting making monetary policy."

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Shanghai Pharmaceuticals acquired Australian healthcare products maker Vitaco for 938 million yuan (0 million) in August last year.

Shaanxi is taking advantage of the online Silk Road to develop cross-border e-commerce. Honey from New Zealand, coffee from Rwanda, durian from Cambodia, as well as healthcare products from Australia, are now all available through online channels.

Several other British and Chinese companies involved in medical innovations have partnered in recent years.

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Shanghai and Taipei are the most advanced cities on either sides of the Straits and the forum aims to share their practical experiences in solving problems related to livelihoods, Ko said.

Shares of Chinese smartphone vendor Xiaomi Corp declined by 5 percent on Wednesday after its quarterly revenue fell short of expectations, though the company beat profit estimates with strong performances in India and Western Europe.

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Shares in about 47 percent of telecom enterprises are directly held by foreign investment, while the rest are owned by indirect foreign shareholders.

Shanghai Yixue Education Technology Co Ltd, a Chinese education company focused on adaptive learning, unveiled its latest artificial intelligence learning system Wednesday, as the company scrambles to revamp the traditional way of learning through advanced technologies.