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SHANGHAI -- Shanghai saw rising foreign capital inflows totaling about .67 billion during the first quarter this year, up 4.5 percent year-on-year, the municipal government said Wednesday.

SEOUL - A discotheque hidden among the back alleys of eastern Seoul is packed with hundreds of grey-haired couples on a Monday afternoon, dancing to local hits from the 1960s in a basketball court-sized hall.

S& P Global Ratings said the virus will create a "headwind to US growth in the near term", cutting US growth to 1 percent in the first half of the year from the previous estimate of 2 percent.

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SHANGHAI - China Yangtze Power Co Ltd, the country's largest listed power company, posted a 1.66 percent annual increase in its net profits in 2018, on more electricity sales.

SOE reform aims to boost efficiency and increase State-owned assets, said Liang Jun, a researcher at the Guangdong Academy of Social Sciences. "But the reform has been obstructed by some historical problems, including hard-to-define registered capital. The plan will clear obstacles and help eligible SOEs eliminate institutional barriers. The corporate legal person status provides a legal foundation to further the campaign such as acquisitions, mergers and mixed ownership reforms," Liang said.

SAN FRANCISCO - Nio Capital, an investment arm of Chinese electric automaker Nio, has helped Silicon Valley startup Innovusion Inc raise million to develop radar technology for autonomous vehicles, Innovusion said Thursday.

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SHANGHAI - GSMA, an international association of mobile operators, announced Friday that it would soon launch its 5G Innovation and Investment Group in China to promote cooperation and innovation in the global communications industry.

SHANGHAI - Ctrip.com International Ltd Tuesday announced that it has further strengthened its strategic relationship with US-based Booking Holdings.

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SAN FRANCISCO - There have been at least 19 people killed in the past month, 3.2 million acres (about 12,950 square km) burned, and 4,000 structures destroyed in the fires across the US state of California as of Sunday, according to the California Department of Forestry and Fire Protection (Cal Fire).

SAIC Maxus said it will launch a number of new models this year, including an electric pickup, an electric MPV as well as its fuel cell MPV called G20FC, which will have a driving range of 550 km.