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The Latest Breaking News from Shanghai

What's Going On With Pinduoduo Shares Today?

Pinduoduo Inc - ADR (NASDAQ: PDD) shares are trading higher by 6.86% at $52.36. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

Why NIO Shares Are Rising Today

Nio Inc - ADR (NYSE: NIO) shares are trading higher by 6.15% at $18.65. Strength is possibly due to hopes of a Shanghai reopening. The company Wednesday announced it delivered 7,024 vehicles in May 2022.

Benzinga

What's Going On With DiDi Global Shares Today?

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher by 8.70% at $2.00. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

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What's Going On With Baidu Shares Today?

Baidu Inc (NASDAQ: BIDU) shares are trading higher by 3.17% at $145.79. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

What's Going On With Alibaba Shares Today?

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading higher by 3.71% at $96.84. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

After Shanghai lockdown, many struggle to pick up the pieces

As many Shanghai residents rushed onto the streets this week to reunite with friends and pop champagne to celebrate the end of a two month-long lockdown, Li Menghua was busy packing up his hair salon, a casualty of the draconian quest to stamp out COVID-19.

Reuters

Shanghai's landmark park revived as COVID restrictions ease

Shanghai's landmark old city garden has sprung back to life as residents took advantage of the renewed sense of freedom following the easing of 2-month-old COVID-19 restrictions

The Independent UK

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Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

Caixin Global

China's economy faces obstacles despite end of Shanghai lockdown

SHANGHAI -- The lockdown imposed on Shanghai has been lifted after two months, but there is little likelihood of economic activity returning to normal in the immediate future. Although the administration of Chinese President Xi Jinping is scrambling to deal with the aftermath of an approach that prioritized "zero-COVID" policies…

The Japan News/Yomiuri

In Shanghai, lockdown blues make way for COVID testing gripes

Shanghai residents' relief over the easing of a two-month COVID-19 lockdown is giving way to frustration as they face hours waiting in line for virus tests and must show negative results to be permitted to enter public spaces.

Reuters

Shanghai reportedly bans media use of the term ‘lockdown’ as lockdown ends

Leaked directive reportedly shows that Chinese media were ordered to describe the two-month restrictions as ‘static management-style suppression’

The Guardian - AU

Only the Constitution Stands Between Us and Shanghai-Style Lockdowns

It would be a mistake to see these lockdowns as a foreign oddity to be pitied and tweeted.

Reason

As Lockdown Lifts, Shanghai Swarmed With Termites

Annual efforts to eradicate the property-damaging pests were disrupted by measures to control the city’s Covid-19 outbreak

Caixin Global

Shanghai starts coming back to life as COVID lockdown eases

Traffic, pedestrians and joggers are reappearing on the streets of Shanghai as China’s largest city begins returning to normalcy after a strict two-month COVID-19 lockdown that drew protests over its heavy-handed implementation

The Independent UK

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Caixin Global

Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

Asharq Al-Awsat

Oil Prices Nudge Higher on EU's Russian Oil Ban, End of Shanghai Lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT.

Reuters

Shanghai revives after two-month COVID lockdown, wary of a new one

Shanghai sprung back to life on Wednesday after two months of bitter isolation under a ruthless COVID-19 lockdown, with shops reopening and people going back to offices, parks and markets, hoping to never go through a similar ordeal again.

Al Jazeera

Shanghai celebrates ‘new start’ after COVID restrictions eased

People venture out after two months stuck at home, but virus-related controls including regular tests will continue.

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ABC News

Celebrations at midnight as Shanghai reopens after draconian two-month COVID-19 lockdown

Small groups have gathered in Shanghai's former French Concession neighbourhood at midnight, whistling, shouting "ban lifted" and clinking glasses of champagne.

Businessweek

China Youth Unemployment Crisis Leaves Tens of Millions Jobless

Covid lockdowns and the government campaign to rein in private tutoring and tech companies have made positions even harder to come by.

Asharq Al-Awsat

After Two Months, a Scarred Shanghai’s COVID-19 Lockdown Ends

Following two months of frustration, despair and economic loss, Shanghai's draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most of Shanghai's 25 million residents can now freely leave home, return to work, use public transport and drive their cars…

Benzinga

ATRenew Starts the Year Off Strong, Braces for Covid Impact

Key Takeaways: ATRenew‘s revenue rose 45.7% in the first quarter to 2.2 billion yuan as both product and service revenues recorded strong gains Company could benefit over the longer term from the rollout of China’s first guidelines for used electronics refurbishment by the city of Shenzhen in April

Benzinga

Chinese yuan rebounds on Shanghai reopening hopes

The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon emerge from a two-month lockdown that has crippled economic activities in the city and weighed on the country’s overall economic recovery.

Reuters

After two months, a scarred Shanghai's COVID-19 lockdown ends

Benzinga

Germany's Merck To Launch Semiconductor Base In China

German semiconductor supplier of chemicals and materials Merck KGaA (OTC:MKKGY) forged a contract with local authorities to open a semiconductor base in China's Zhangjiagang, Reuters reports. The new 69-acre base will house production plants for thin-film materials and electronic specialty gasses, warehouses, and operation centers. Previously Merck disclosed plans to invest at least…

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