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The Latest Breaking News from Shanghai

CNOOC Kicks Off Subscription for $5.1 Billion Shanghai IPO

State oil giant selling more than 5% of its equity plans to use proceeds for global project development including fields in Guangdong and Guyana

Caixin Global

Sealed doors and tensions boiling over: American expat reveals reality of Shanghai’s citywide lockdown

The coastal city of 25 million people is at the heart of China’s recent Covid surge

The Independent UK

Why more than 200,000 COVID-positive results in Shanghai aren't 'confirmed cases'

Since the start of March, Shanghai has recorded more than 229,000 positive COVID-19 results. But authorities say fewer than 10,000 are actually "confirmed cases".

ABC News

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Chinese residents scream out windows as they run out of food during strict lockdown

Videos shared on social media showed desperate people calling out into the night's sky in Shanghai amid a strict two-week

Daily Mirror

Morning Brief: Top Stories Dominating Financial Media on Tuesday, April 12

CNBC Entrepreneur Behind Microsoft’s Wunderlist Raised $11M - Read Why

Benzinga

US Asks All Non-Emergency Government Staff In Shanghai To Leave As COVID Surges: CNBC

The U.S. State Department has ordered all non-emergency government staff and their family members in Shanghai to leave following a surge in COVID-19 cases, CNBC reported. "Reconsider travel to the People's Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions," the report quoted the State Department.…

Benzinga

Bosch Halts Production At Two China Plants: Reuters

German auto parts supplier Bosch has halted production in the Chinese cities of Shanghai and Changchun following COVID-19 curbs, Reuters reported. Bosch has closed shutters at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in northeastern Jilin province. The report noted two other plants in Shanghai and Taicang city…

Benzinga

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US tells some consulate staff to leave Shanghai as Covid outbreak worsens

State department cites risk of children and parents being separated as EU warns zero-Covid strategy eroding investor confidence

The Guardian - AU

China's zero-Covid policy: Shanghai struggles with tough sanitary measures

Some coronavirus restrictions are being eased in Shanghai, despite the Chinese city reporting recent record highs of new cases. Residents have grown increasingly frustrated as they've struggled to find enough food and medicine. We get analysis from Carl Minzner, senior fellow for China studies at the Council on Foreign Relations…

France 24

US orders consular staff to leave Shanghai amid Covid lockdown

Order comes as Shanghai eases restrictions after two weeks of stringent lockdown

The Independent UK

Shanghai patients crowdsource medical help during COVID lockdown

Shanghai residents have turned online for grassroots help on medical treatment as the city's tough COVID-19 curbs limit access to healthcare and fuel frustration and anxiety.

Reuters

Shanghai lockdown: A modern city starves

The Chinese government's COVID crackdowns are severe.

Axios

Covid news: Shanghai eases draconian lockdown as UK cases may be ‘levelling off’

Unknown number of people are allowed out in Shanghai following unrest over lockdown

The Independent UK

Shanghai eases 2-week shutdown, letting some residents out

Some residents of Shanghai have been allowed out of their homes as the city of 25 million eases a two-week-old shutdown

The Independent UK

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The Independent UK

Asian stocks mixed as investors await US profits, inflation

Asian stock markets are mixed as investors wait for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine

Caixin Global

Shanghai Composite Index Rose 1.46% on Tuesday

Shenzhen Component Index closed up 2.05%

Asharq Al-Awsat

US Orders Non-essential Consulate Staff to Leave Shanghai

The United States announced Tuesday it had ordered all non-essential employees at its Shanghai consulate to leave, while voicing concerns for the safety of Americans in China as the government enforces hard lockdowns to contain Covid-19. China has stuck to a policy of "zero Covid", aiming to eliminate infections through…

Reuters

Shanghai eases COVID curbs for some even as factory halts widen

Some Shanghai residents were able to leave their homes for the first time in more than two weeks on Tuesday as the city took tentative steps towards easing a COVID-19 lockdown amid mounting worries over the economic impact of the strict curbs.

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Al Jazeera

Shanghai tweaks lockdown rules amid COVID-19 surge

City will be divided into three tiers depending on recent cases amid rising anger over shortages of food, necessities.

The Independent UK

US orders consular to leave Shanghai amid COVID outbreak

The U.S. has ordered its consular staff to leave Shanghai, which is under a lockdown to contain a COVID-19 surge

Axios

U.S. orders all non-emergency government staff in Shanghai to leave as COVID surges

"Reconsider travel to the People’s Republic of China (PRC) due to arbitrary enforcement of local laws and COVID-19-related restrictions," the statement read.

Reason

Shanghai's Lockdowns Result in Starvation and Quarantine Enforcers Being Attacked

More than 25 million people remain locked down in Shanghai, with Guangzhou—a city of 18 million—looking primed to follow.

Benzinga

Here's How This Key Nio Supplier Looks To Tide Through China's Covid Crisis

Critical NIO Inc (NYSE:NIO) supplier Contemporary Amperex Technology Co. Ltd has implemented a closed-loop for workers at its main China factory in China, Bloomberg reports. The closed-loop helped the leading EV battery maker avoid the kind of Covid-19 shutdowns which are hurting Tesla Inc (NASDAQ:TSLA) and Volkswagen AG (OTC:VWAGY). Also Read: Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses CATL looked…

The Guardian - UK

Shanghai to ease lockdown despite surge in Covid cases

China’s most populous city to allow ‘appropriate activity’ in areas where there have been no cases for at least two weeks

Daily Mirror

Angry mob breaks down barrier for food in world's strictest lockdown in China

Footage shows masses of people racing for food and medical supplies, as 26 million people face lockdown as China is once again gripped by a wave of Covidspreading through the population

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