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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x Shanghai’s bustling port came to an abrupt halt on Thursday, just one day after U.S. President Donald Trump’s punitive 125% tariffs on Chinese imports took effect — virtually wiping out shipments bound for the United States overnight. Only days earlier, the port had been a hive of activity, with ships rushing to load containers ahead of the tariff deadline.
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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
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Shanghai’s bustling port came to an abrupt halt on Thursday, just one day after U.S. President Donald Trump’s punitive 125% tariffs on Chinese imports took effect — virtually wiping out shipments bound for the United States overnight.
Only days earlier, the port had been a hive of activity, with ships rushing to load containers ahead of the tariff deadline.
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2 weeks ago | 
caixinglobal.com | Bao Zhiming |Zou Xiaotong |Denise Jia
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In a desperate sprint to beat looming U.S. tariffs, cargo ships and airlines are racing across the Pacific at record speeds. Containers are stacked to the brim, ports are scrambling to meet demand and freight rates are soaring amid a surge in shipping activity.
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1 month ago | 
caixinglobal.com | Wang Xiaoqing |Bao Zhiming |Qu Yunxu |Denise Jia
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Hong Kong Chief Executive John Lee criticized the use of coercive tactics as he addressed CK Hutchison Holdings Ltd.’s planned sale of its controlling interest in Panama’s ports amid uncertainty about the deal.
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Aug 12, 2024 | 
caixinglobal.com | Bao Zhiming |Kelly Wang
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What’s new: Bai Tinghui, former chief of Shanghai’s state-owned asset supervisor, has pleaded guilty to accepting over $12 million in bribes over nearly two decades, according to a local court.
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Aug 10, 2024 | 
caixinglobal.com | Bao Zhiming |Li Rongqian |Qing Na
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An explosion rocked a container ship operated by Yang Ming Marine Transport Corp. at Beilun container terminal in Ningbo, Zhejiang province, on Friday afternoon, according to a statement released by the local branch of the port’s operator.
The vessel carried hazardous materials, according to the statement from the local branch of Ningbo Zhoushan Port Co. Ltd. No casualties have been reported.
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Aug 5, 2024 | 
caixinglobal.com | Bao Zhiming |Han Wei
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Aug 5, 2024 | 
caixinglobal.com | Bao Zhiming |Han Wei
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Zhou Jun, the former president of the state-owned investment conglomerate Shanghai Industrial Investment (Holdings) Co. Ltd., appeared in court on Wednesday to face charges of embezzlement and bribery totaling 176 million yuan ($24.5 million), Caixin learned.
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Aug 5, 2024 | 
caixinglobal.com | Zhu Liangtao |Bao Zhiming |Han Wei
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Shanghai Industrial Financial Leasing Co. Ltd., a state-backed leasing firm and a major funding source for local government financing vehicles, has missed the interest and principal payments on a 400-million-yuan ($55.9 million) private placement bond, highlighting the company’s deepening debt woes.
On Aug. 1 the company warned it might be unable to repay a bond maturing on Aug.
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Aug 3, 2024 | 
caixinglobal.com | Bao Zhiming |Lu Zhenhua
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The director of a pioneering international industrial development zone in East China’s Suzhou, Jiangsu province has been placed under investigation for corruption after a whistleblower publicly accused him of taking part in a procurement fraud scheme, according to local authorities.
