Stories from Shanghai · China

Chinese President Xi Jinping attended a symposium on strengthening basic research in Shanghai on Thursday morning. Xi Jinping said using more concrete measures to strengthen basic research to build a foundation for a technology-driven nation. During a symposium on strengthening basic research, Xi Jinping said the need for more forceful and practical measures to bolster fundamental research to solidify the foundation of building a technological powerhouse. Xi stated that the goal is to improve the nation's original innovation capacity and strengthen the foundation for building a technological superpower. The remarks come as a new round of technological revolution and industrial transformation accelerates.

Cold air and rain have caused temperatures to drop across the Jiangsu and Zhejiang provinces. Shanghai recorded a high of 13.6 degrees Celsius, while Nanjing and Hangzhou reached 14 and 14.1 degrees Celsius respectively.

Swimmer Sun Yang is facing public scrutiny regarding his 2018 doctoral admission to Shanghai University of Sport. New social media allegations specifically target the 2018 doctoral admission process at Shanghai University of Sport.

Shanghai Waigaoqiao Shipbuilding Company is advancing the construction of a cruise ship final assembly base following a new memorandum of understanding. General Manager Chen Gang stated that the localization rate of the domestic cruise ship supply chain has increased from less than 30% during the first vessel to 35%. The shipyard aims to continue achieving domestic substitution in the cruise ship construction field while promoting digital transformation of the industry and supply chains. The head of the cruise ship project department, Wei Shen, stated that AI technology integration has increased production capacity by 25%. Hou Bing, deputy leader of the Party Preparatory Group of the China Tourism Group, stated that cruise ship production must continuously achieve localization and domestic production.

The vessel is currently undergoing interior decoration and debugging at Shanghai Waigaoqiao Shipbuilding under China State Shipbuilding Corporation. The expansion aims to scale the local supply chain and talent cultivation. Chen Gang, General Manager of a Shanghai shipbuilding company, stated that the localization rate in the domestic cruise ship supply chain has increased from less than 30% during the first vessel to 35%. Huaxia International Cruise Company, established in Shanghai two years ago, is working to increase the localization rate of its supply chain. Hou Dawei revealed that a local talent pipeline is being accelerated to support the operation of future domestically produced cruise ships. The country is accelerating the development of a local talent pool for domestic cruise operations.

The Shanghai Composite Index closed at 4107.2, up 21 points.

Hua Hong Semiconductor shares fell 6% during morning trading, reaching a low of 102.8. Hua Hong shares saw a large decline this morning alongside a general downward trend in chip stocks, including a 1.6 percent drop for Centermicro.

A judge in Shanghai's Songjiang District ruled that a travel agency bears 30% responsibility for a hiking accident involving a young woman.

SAIC Motor CEO Qi Zekai announced the company has shortened its new vehicle launch cycle to 24 months.

China's National Medical Products Administration has approved the market launch of an invasive brain-computer interface (BCI) system. The system is designed for hand motor function compensation. Experts noted that while technical breakthroughs in brain-computer interface pathways are expanding, the industry remains in an embryonic stage.