China’s sinking stock market reached an unwelcome milestone, with the
Shanghai Composite Index closing at the lowest level since 2014, erasing
the last traces of its recovery from a boom that turned into a $5
trillion bust.The second China International Import Expo will be held at
the National Exhibition and Convention Center in Shanghai from November
5 to 10, 2019.For further information about China International Import
Expo, please visit:
https://www.shine.cn/China-International-Import-Expo/.Find the latest breaking shanghai news, photos, videos and featured stories on
shanghai composite index. SHINE provides trusted national and world news as well as local and regional perspectives.
The Shanghai gauge dropped 1.1 percent to 2,651.79, below its
January 2016 bottom. Back then, officials had just introduced and then
hastily scrapped a disastrous circuit-breaker program as they grappled
with one of the market’s worst-ever routs.
Trade tensions with the US are exacerbating investor concern. With
President Donald Trump telling aides to proceed with additional tariffs
on Chinese products, the Chinese government is considering declining an
offer of talks, according to a Wall Street Journal report, which cited
officials with knowledge of the discussions.It’s hard to buy Chinese
stocks even if they sell down" given the trade war and weak company
fundamentals, said Toshihiko Takamoto, a Singapore-based money manager
at Asset Management One. "Even if the valuation gets cheaper, there’s a
reason for that. It’s hard to find factors that would spark a sharp
rebound."
A weaker yuan also makes the nation’s shares less attractive.
China’s currency has fallen almost 7 percent since the end of March amid
speculation the government was trying to counter the impact of U.S.
tariffs.This year’s hefty declines -- the Shanghai gauge is down 20
percent in 2018 -- ends a period of relative stability for the stock
market that began with the appointment of Liu Shiyu as the top
securities regulator in early 2016 after his predecessor Xiao Gang was
blamed for the crash. Under Liu, the stock index climbed 32 percent from
the end of February 2016 though its high in January this year.
The latest plunge in Chinese equities will likely increase the
appeal of other speculative assets such as property, undermining the
government’s efforts to make the stock market a steady base for
companies to raise funds.
Delta has moved from Terminal 1 to the new Satellite Terminal (S1) at
Shanghai Pudong International Airport. The relocation, alongside partner
China Eastern Airlines, will create a more seamless and convenient
connecting experience for customers.The second China International
Import Expo will be held at the National Exhibition and Convention
Center in Shanghai from November 5 to 10, 2019.For further information
about China International Import Expo, please visit:
https://www.shine.cn/China-International-Import-Expo/.Find the latest breaking shanghai news, photos, videos and featured stories on
pudong airport. SHINE provides trusted national and world news as well as local and regional perspectives.
"Delta is committed to continuously investing to improve customers'
on-the-ground and in-flight experience," said Wong Hong, Delta's
President ¨C Greater China and Singapore. "This move is part of our
broader strategy to collaborate with China Eastern to better address the
growing needs of the U.S.-China market."
Delta customers departing from and arriving to Shanghai-Pudong will
enjoy fast and seamless customs procedures, connections and boarding at
S1. Check-in will take place at Terminal 1 with mass rapid transit
system transfer to S1 around the clock. Customers will also enjoy
shopping, dining and entertainment inside the satellite terminal
building. China Eastern's new VIP lounges at S1 will be open to Delta
One customers and SkyMiles Diamond, Platinum or Gold Medallion members.
Moreover, Delta flights arriving at S1 can now park at the gate, so
travelers no longer need to bother with remote parking, air stairs or
bussing.
Delta operates nonstop daily flights between Shanghai Pudong Airport
and four major U.S. gateways, including Detroit, Seattle, Los Angeles
and Atlanta. Delta's partnership with China Eastern also gives customers
access to over 1,350 codeshare domestic flights per week to more than
40 cities across China. By collocating at S1, Delta and China Eastern
will give customers new convenience in both international and domestic
connections.
Meanwhile, Delta service from Pudong to Atlanta will transition to
the newly retrofitted B777 by early December. By then, all Delta service
between Shanghai and the U.S. will be operated by the flagship A350,
the new A330-900neo and retrofitted B777, all of which are equipped with
next-generation Delta One suite and Delta Premium Select cabins.
The new satellite terminal building, known as S1 and S2, covers
620,000 square meters and is the largest structure of its kind in the
world. The sprawling H-shaped terminal has 90 boarding bridges and
connects with Terminals 1 and 2 easily via the mass transit system. With
the opening of the new satellite terminal, the Shanghai Pudong Airport
has the capacity to handle 80 million passengers annually.
Taste of Sichuan, which opened in February in the same mid-State Street
spot as Soga Shabu Shabu, has picked up where the former Chinese
restaurant left off. It has a similarly expansive menu, shabu shabu (hot
pot, cook-your-own) choices, free dessert bar, and Soga’s comfortable,
vibrant atmosphere.The second China International Import Expo will be
held at the National Exhibition and Convention Center in Shanghai from
November 5 to 10, 2019.For further information about China International
Import Expo, please visit:
https://www.shine.cn/China-International-Import-Expo/.Find the latest breaking shanghai news, photos, videos and featured stories on
taste of sichuan. SHINE provides trusted national and world news as well as local and regional perspectives.
Like its predecessor, it also offers a great lunch deal. The
restaurant was doing a strong noontime business on my two recent visits,
drawing in largely Chinese students and a handful of others for its
$9.95 bento box lunch specials.
The 22 choices offer lots of variety, everything from pan-fried pork
intestine to General Tso’s chicken. There are also seafood, beef and
vegetarian items.The meals come with soup, rice, and a choice between ox
tongue and tripe with chili sauce and steamed chicken with chili oil
sauce. The chicken had an off-putting taste and smell, and the fat and
skin wasn’t cut off. The menu calls it white meat, but it was dark.
Of the four soups, I’ve tried the wonton and egg drop. Both broths
were thin on flavor, and with the egg drop soup you could practically
taste the cornstarch. The wonton soup’s dumplings redeemed it, but next
time I’ll go for the spicy and sour soup or the seafood soup.Seaweed
salad was also promised on the menu, but isn’t available. A manager
translating for the new owner said that’s a menu mistake. The menu is
written in Chinese and English, and the English descriptions can be
flawed because most customers are Chinese so they don’t ask about them,
she said.
When I opted out of both the tongue and chicken on my second lunch
visit, my server offered me a vegetable spring roll, on the menu for
$3.95 for two. It was OK, but bland, the vegetable matter inside
blending into mush. At least it had a delicate, crisp shell, instead of a
doughy one. A bowl of sweet and sour sauce on the side helped.
On my first visit, the four-compartment box came with three fried
pork dumplings that were crisp and not greasy.In terms of the main
course, I had the best luck with the fish filet with “pickle pepper.”
The fish was steamed and served in chunks, which fortunately weren’t
breaded. My dining partner said it “melted in her mouth.”Our server told
me it was flounder, and it reminded me of the excellent flounder at
Asian Sweet Bakery on Park Street. Pickling the chili peppers toned down
their heat and gave the dish a slightly sour quality. Thinly-sliced
ginger and onions added flavor.
The sesame chicken featured mostly bite-sized pieces of breaded
chicken. The sauce had a slight sweetness, which I enjoyed, and the
broccoli underneath was saturated in sauce. Sesame seeds on top added
visual appeal. A third meal, an oily eggplant with chili sauce, needed
more seasoning, despite its chunks of garlic. All three meals were
generous and filling.Servers didn’t tell us about the dessert bar in the
back room, so it would be a good idea to advertise that fact on the
menu. It’s included with all meals and features fortune cookies, almond
cookies and less familiar butterfly cookies. Two flavors of Jello,
orange slices and not-quite-ripe cantaloupe are also usually available. I
left with a renewed interest in almond cookies.
Soga Shabu Shabu was in the same spot on the 500 block for about a
year after moving from a second floor location across the street.New
owner Ying Xiong Wu, who cooks and manages the kitchen, got into the
restaurant business through his best friend, Jin Chen, who with his
wife, Aichan “Wendy” Weng, owns and operates Dragon I and Poke Plus
& Teriyaki, both on State Street, and Ichiban on Park Street.
Ying, Jin and Aichan are from the southeastern Chinese city of
Fuzhou, the capital of China’s Fujian province. The former owner is also
from Fuzhou, but the two parties didn’t know each other before the
sale.Aichen is helping to run Taste of Sichuan, even though she’s busy
with her own restaurants. She spoke for Ying, who doesn’t speak English.
Ying didn’t make any changes to the space, as far as I can tell. For
more privacy and quiet, diners can sit in the back room, which has the
same roomy red booths as the bright, lively main room.A TV in the front
was broadcasting a soap opera with closed captioning and thankfully no
sound. American pop music played softly in the background, commercials
and all, thanks to local station Magic 98.Ying inherited the food photos
and artwork from the former owner. These include generic lighthouse and
landscape canvases, as well as scenes of the Capitol and Lambeau Field.
The same location housed the casual pizza and pasta restaurant Mia
Za’s for 10 years. When it comes to Chinese food on State Street,
there’s a lot of competition, and Taste of Sichuan is in the thick of
it.“It’s very hard because so many restaurants open,” Aichan said. “I
don’t understand why everyone wants to open a business on State Street
for Chinese food right now. It’s almost like China Town.
