BEIJING / WAM The total value of imports and exports in the Yangtze River Delta region, China’s foreign trade hub, reached 15.17 trillion yuan ($2.14 trillion) in 2023, data from China’s State Administration of Foreign Exchange (SAFE) showed. The figure released indicated a rise in the region’s contribution to the country’s overall import and export value, which now accounts for …

SHANGHAI / WAM Shanghai is set to double efforts to open up and accelerate the growth of its financial sector through various measures. In a statement, Gong Zheng, Mayor of Shanghai, affirmed that Shanghai will play a better role as a pioneer for the steady expansion of institutional opening-up in the financial sector in the New Year. Relying on key …

BLOOMBERG This month, a cold front swept across much of Europe and giant tankers that carry fuel through the Red Sea were rerouted to avoid escalating violence. That should have pushed gas prices higher. Instead, they just kept falling. Even if it’s a step too far to give Europe the all-clear, it’s a strong sign that the worst of the …