Latest news with #Pudong
Daily Mail
29-05-2025
- General
- Daily Mail
Bizarre video of kangaroo inside a Chinese zoo rings alarm bells
A controversial zoo in China is once again under scrutiny after it was accused of sedating kangaroos so visitors could pet and feed them. Chilling footage shared earlier this month showed an adult red kangaroo at the Shanghai Wild Animal Park in Pudong, China, lying on its back in the dirt. The marsupial was barely able to open its eyes as a crowd of tourists knelt around it, grabbed at its paw and took pictures. Other videos from the park show multiple kangaroos in the enclosure all lying on the ground as tourists including young children interacted with them. Some viewers online suggested the kangaroos looked as though they had been sedated to keep them docile. According to the Queensland Department of the Environment 'kangaroos readily accept our presence if we show no aggression towards them but, if we get too close, they may see us as a threat' and attack. 'Kangaroos and wallabies that are used to being fed can approach people expecting food. When there is no food, they may become aggressive.' The animals in the video are red kangaroos, which are the largest of the species and can grow up to 1.8metres tall. The marsupials can balance on their tails and deliver a powerful kick which has caused fatalities. Shanghai Wild Animal has previously made headlines after one of its workers was fatally attacked by a bear in front of a packed tour bus in October 2020. The worker was mauled in an area where the bears roamed free and was only accessible to visitors by vehicle. An excavator was being used in the area when the attack occurred and the zoo subsequently said it would improve its safety procedures. The zoo has also been accused of forcing animals to participate in races. In 2017, former Australian racing greyhounds sold to the zoo were made to race against cheetahs. Four years earlier, a black bear attacked a monkey after the animals were forced to race bicycles around a small track in front of a crowd of people. In 2015, non-profit Wild Welfare accused the zoo of mistreating tigers after a video emerged of an underweight and lethargic-looking tiger cub being handled by a zookeeper and a young visitor. The video was shared to the Chinese app weibo. The non-profit claimed in the video 'the zookeeper repeatedly tried to stimulate the cub by flicking and tapping its face, but the cub remained floppy. The keeper is also seen handling the cub roughly, at one point lifting it by just one front limb.'
The Independent
16-05-2025
- Automotive
- The Independent
Despite turbulence, foreign firms keen on investment
Despite all the headwinds in global markets, foreign firms' interest in further tapping into the Chinese market seems unchanged, with US life sciences company Danaher Corp being among them. In mid-March, Leica Microsystems, which became part of Danaher in 2005, signed agreements with Shanghai Jinqiao Group to invest 200 million yuan (£20.72 million) to expand a manufacturing and R&D base in Shanghai's Pudong New Area. About 60 per cent of Leica Microsystems' business will realise localisation once the expansion is completed next year. In addition, Cytiva, a biotechnology company under Danaher, saw its Pudong-based China innovation centre inaugurate a new cell culture development base in March with an investment of around 20 million yuan. Peng Yang, president of Danaher China, said the reason for the company's recent expansion is simple: 'We have never seen the ceiling of reform in Pudong.' Danaher is not the only company showing unchanged confidence in the growth outlook in Pudong, and on a broader perspective, in China. During a promotion conference held on 18 April, which also celebrated the 35th anniversary of Pudong's reform and opening-up, four multinational companies signed agreements with the local administration to land new projects in Pudong. These include the 600 million yuan (£62.47 million) headquarters project by Japanese industrial equipment maker Morimatsu Group, 1 billion yuan (£103.63 million) production base of Japanese biotech firm Daiichi Sankyo, 2.4 billion yuan (£248.73 million) industrial base of multinational agribusiness conglomerate Yihai Kerry and an information technology company set up by international commodities trader Trafigura Ltd, with an investment of about 50 million yuan (£5.18 million). Likewise, German chemical giant BASF announced on 14 April it would invest 500 million yuan (£51.80 million) to expand its Shanghai Cellasto plant based in Pudong, which provides noise, vibration and harshness reduction solutions for the auto sector. The plant's annual output will rise significantly by 70 per cent once it goes operational in 2027. Apart from serving the electronics and consumer goods companies, the company aims to better capitalise on China's electric vehicle sector with its continued investments, said Xu Yibin, BASF vice-president and general manager of the Pudong site. 'Our confidence in Pudong derives from the rich talent supply, increasingly expanding industrial ecosystem, the local government's continued efforts and the market-based, legal and international business environment, which can be considered first-rate on a global perspective,' said Xu. Chen Jiayuan, CEO of global agribusiness giant Louis Dreyfus North Asia, said the various investment facilitation policies and financial opening-up measures adopted in the China (Shanghai) Pilot Free Trade Zone have provided much support for commercial expansion. 'Shanghai's government work report released at the beginning of the year touched upon experimental policies concerning offshore renminbi trading, cross-border trade settlement and the cross-border hedging for commodities. These will substantially benefit companies to better serve clients while managing risk,' he said. In early April, Shanghai released its three-year action plan (2025-27) for commodities trading. The measures — such as expanding trading categories and deepening coordination of the spot and futures markets — can effectively manage risks and thus improve companies' profitability, Chen said. On 15 April, Pudong released a set of 14 new measures to better attract foreign investment. Aiming to introduce more advanced foreign manufacturing firms and modern services providers, Pudong will guarantee national treatment of foreign-invested enterprises, explore a management mechanism for easy and safe cross-border data flow and ensure foreign-invested companies' participation in government procurement projects, among others items. According to the action plan released on 21 April to improve the facilitation of cross-border financial services provided in Shanghai, banks are encouraged to develop deposit products for overseas institutions' free trade accounts. Interest rates for nonresident deposits under the free trade account system can refer to international practices and use market-based pricing standards. The provisions to promote the development of free-trade accounts in Pudong, which took effect on 1 May, have addressed companies' frequently raised requests related to areas such as capital businesses, loans provided for overseas entities' mergers and retail businesses under the FT account.
Reuters
07-05-2025
- Business
- Reuters
China to expand scheme allowing insurers to invest in stock market
A man walks past the Shanghai Stock Exchange building in the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song/File Photo Purchase Licensing Rights , opens new tab BEIJING, May 7 (Reuters) - China will expand a pilot scheme allowing insurance companies to invest in stock markets, the head of the financial regulator said on Wednesday. The country will approve the investment of an additional 60 billion yuan ($8.31 billion) from long-term insurance funds in the stock market, Li Yunze, head of the National Financial Regulatory Administration, told a news briefing. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The regulator will also take further steps to stabilise the property market, Li said. Advertisement · Scroll to continue ($1 = 7.2237 Chinese yuan renminbi) Reporting by Beijing Newsroom; Editing by Christopher Cushing Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
