NAI500 China News Weekly
Issue 117
China Market Highlight
Tesla to Open Shanghai Gigafactory by Year End, City Official Says
Tesla has all but completed construction of its Shanghai Gigafactory and expects to begin production by the end of 2019, according to a local government official.
Market Review
Johnson & Johnson Opens JLABS @ Shanghai, a Life Science Incubator with 31 Resident Startups
Johnson & Johnson announced the opening its life science incubator, JLABS @ Shanghai, the world’s largest JLABS and the first in Asia Pacific.
Microsoft will create 1,000 new jobs in China next year, according to  the head of the firm’s China arm.Microsoft will keep on  investing in China and is full of confidence about the country’s future, Chief Executive Alain Crozier told Yicai Global in an exclusive  interview today...

China iron ore posts best quarter in 2-1/2 years on supply issues
Iron ore prices in China hit record highs on Friday and booked their biggest quarterly gain since late 2016, buoyed by expectations that supply of the raw material in the world’s top steel producer will remain tight in the second-half of the year.

Baidu-Backed Chinese NEV Maker WM Motor to Raise up to USD1 Billion, Founder Says
China’s WM Motor Technology has opened its D-series funding to finance its electric motor industrial chain’s future development to the tune of up to USD1 billion.
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