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The Latest Breaking News from Shanghai

Xi moves to stop Shanghai COVID rage from sweeping across China

BEIJING — President Xi Jinping now has a bigger problem than stopping COVID-19 infections: quelling escalating anger in Shanghai before it spreads across China, creating a wider crisis of confidence in the Communist Party.

Tribune News Service

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Group Holding Ltd's (NYSE:BABA) VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports. Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation…

Anti-virus shutdowns in China spread as infections rise

Anti-virus shutdowns in China spread as infections rise

Anti-virus controls are shutting down some of China’s biggest cities and fueling public irritation as infections rise

The Independent UK

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Locked-Down Shanghai residents barter for what money can’t buy

SHANGHAI: For many of Shanghai’s 25 million residents, the city’s strict Covid lockdown has made procuring food and daily necessities a struggle money can’t resolve. They’re resorting instead to bartering, trading neighbors ice cream for vegetables or wine for cake.

The Times of India

Elderly Shanghai man’s pleas for medical help censored in China

BEIJING: China has censored an audio clip of an elderly man in Shanghai begging a local official for help seeing a doctor, a sign of the pressure confronting the government as it enforces an increasingly unpopular lockdown on the financial hub of 25 million people.

The Times of India

Camp beds and bread for Shanghai's quarantined COVID cases

Separated by less than an arm's length, people at a quarantine facility in the Chinese city of Shanghai after testing positive for COVID-19 lie in rows of grey camp beds, suitcases and other belongings strewn next to them.

Uniqlo Owner Sees Big Profit Drop in China Due to COVID Restrictions

Clothing brand Uniqlo's Japanese owner said on Thursday its China operation would report a large profit decline in the current fiscal year owing to the country's COVID-19 restrictions. Fast Retailing is a bellwether for how major global retailers are being impacted by COVID-related shutdowns in China, one of the biggest…

Asharq Al-Awsat

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Shanghai Composite Index Rose 1.22% on Thursday

Shanghai Composite Index Rose 1.22% on Thursday

Shenzhen Component Index closed up 1.27%

Shanghai cases hit record as Xi reiterates urgency of COVID curbs

Shanghai cases hit record as Xi reiterates urgency of COVID curbs

China's financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, a new high, a day after President Xi Jinping said that the country must continue with its strict "dynamic COVID clearance" policy and pandemic control measures.

Xi Jinping: China must stick to 'Covid Zero' even as costs mount

Xi Jinping: China must stick to 'Covid Zero' even as costs mount

BEIJING: Chinese President Xi Jinping says his government will stick to its zero-tolerance approach to Covid even as public anger simmers in Shanghai and economic costs mount.

The Times of India

Xi says China must stick to COVID zero tolerance policy even as costs mount

Chinese President Xi Jinping says his government will stick to its zero tolerance approach to COVID-19 even as public anger simmers in Shanghai and economic costs mount.

Tribune News Service

Shanghai's messy COVID-19 lockdown forcing foreign workers to rethink life in China's financial hub

Shanghai's messy COVID-19 lockdown forcing foreign workers to rethink life in China's financial hub

Shanghai authorities may be loosening one of the world's strictest lockdowns, but after weeks of uncertainty and food shortages, many foreign workers are considering leaving.

Elon Musk, Tesla Silent On Well-Being Of Locked Down Shanghai Workers

Elon Musk, Tesla Silent On Well-Being Of Locked Down Shanghai Workers

As the Shanghai region of China enters its third week of restrictive shutdown in the wake of a COVID-19 resurgence, Tesla Inc (NASDAQ: TSLA) has offered no update on the resumption of manufacturing from its Shanghai facility, nor has it provided any word on what it is doing to assist…

How China's Zero-COVID Policy Is Taking A Toll On Its Economy

How China's Zero-COVID Policy Is Taking A Toll On Its Economy

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do.

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The Guardian - UK

Shanghai TV channel postpones Covid spin show after backlash

Residents express dismay online about tribute to city’s handling of outbreak after extended lockdown

Why Cathie Wood Is Still Bullish On Tesla Amid Recession Fears, Shanghai Production Hit

Cathie Wood continues to remain bullish on its top holding, Tesla Inc (NASDAQ: TSLA), despite fears of a U.S.

Neighboring City of Shanghai Vows to Avoid Full Lockdown Amid Rising Covid Cases

Suzhou authorities say the city will impose restrictions based on varying risk levels, as more than 400 local infections have emerged since March 10

China trying out reduced quarantine for some groups in eight cities - media

China is trying out reduced quarantine times for overseas arrivals and close contacts of positive cases in eight cities, in a potential easing of some of the world's most stringent pandemic entry controls, financial media outlet Caixin reported.

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The Independent UK

Shanghai releases more from virus observation amid lockdown

Shanghai says it has released 6,000 more people from medical observation facilities, though the lockdown of most of China’s largest city was being maintained in its third week

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 1.6%

The Independent UK

China's March exports grow despite virus; imports flat

China’s exports rose 15.7% in March over a year earlier while imports were flat due to disruptions from coronavirus outbreaks

Taiwan Suffers Fallout From China COVID-19 Lockdowns As 11 Firms Said To Suspend Production

As the COVID-19 lockdown continues in China's financial center Shanghai, more and more companies have been forced to halt production.

Shanghai vows punishment for COVID lockdown violators as cases hit 25,000

China's commercial capital, Shanghai, warned on Wednesday that anyone who violates COVID-19 lockdown rules will be dealt with strictly, while also rallying citizens to defend their city as its tally of new cases rebounded to more than 25,000.

As Shanghai lockdown drags on, fears grow for global trade

China’s strict pandemic policies have shuttered factories and prevented ships from unloading and picking up cargo.

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

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