Shares of the company slumped more than four percent on the news.
Shanghai K11 Art Mall. [Photo provided to China Daily]
Shanghai began to adopt quarantine measures for inbound travelers on March 6. The World Health Organization declared the COVID-19 outbreak a pandemic five days later. Travelers from four countries, including hard-hit Italy and Iran, were initially subject to epidemiological checks by customs officials and 14 days' quarantine. Since March 26, all arrivals in the city have been subject to epidemiological checks and nucleic acid testing as the city launched its management efforts to prevent COVID-19 importation.
Shanghai-based Fosun Pharmaceutical Group will downsize its planned acquisition stake in the Indian generic drugmaker Gland Pharma to 74 percent from the previously announced 86 percent, according to a Fosun Pharmaceutical announcement released on Monday.
She added that with its high efficiency, big data is empowering the manufacturing industry and shaping it into a better pattern.
Severe drought has hit Yunnan in Southwest China, with more than two million people facing water shortage.
杭州治疗酒糟鼻医院
Shanghai-based Fosun, which owns stakes in Club Med and Cirque du Soleil, is among China's most acquisitive firms. It's also among the companies that have come under scrutiny amid a crackdown on outbound deals that the government deems "irrational." This month Fosun entered exclusive talks to acquire Italian lingerie maker La Perla and agreed to buy part of China's Tsingtao Brewery Co.
Shanghai has about 400 college canteens that provide meals for nearly 1 million students. Such is the scale of this industry that college canteen food used to be called the "ninth-largest cuisine" in the nation along other widely known cuisines such as Sichuan Cuisine, Guangdong Cuisine and Zhejiang Cuisine.
Shanghai Pudong Software Park's outsourcing promotion center offers consulting services. [Photo/CHINA DAILY]
Shanghai's high-temperature subsidy has risen to 300 yuan per month this year, from last year's 200 yuan.