Shanghai Daily: Business

• FDI inflow soars 39% in first 4 months
  China remains a popular destination for overseas investors, with a surge in foreign direct investment during the January-April period.
• Toyota rides out chip shortage as a learner
  The global microchip shortage dragging on the auto industry has put barely a dent in production at Toyota, the world’s biggest automaker, thanks to lessons it learned after Japan’s 2011 tsunami disast
• China’s elderly influencers cash in on the Internet
  Exquisitely garbed in a traditional cheongsam dress, 76-year-old Sang Xiuzhu is one of an unlikely vanguard of elderly influencers storming Chinese social media with videos of glamour in the golden ye
• Bitcoin recovers but Musk U-turn still holds sway
  Bitcoin popped back above US$50,000 in Asian trade yesterday, clawing back some of the 17 percent plunge that followed Elon Musk’s tweet that Tesla Inc would stop accepting the digital tokens as payment
• Consumers splurge during 15-day festival
  CHINESE consumers spent 692.8 billion yuan (US$107.22 billion) over the course of a 15-day online shopping festival that ended on Wednesday. This represents a year-on-year growth of 26.7 percent, commerce