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The Latest Breaking News from Shanghai

U.S. closely monitoring COVID lockdown in Shanghai, White House says

The Biden administration is closely monitoring a coronavirus lockdown in Shanghai that could cause delays to air cargo, White house press secretary Jen Psaki said on Friday.

Reuters

‘They are going to starve to death’: Shanghai residents in lockdown with ‘no end in sight’

Shanghai, China’s largest city and financial hub, has been under a total lockdown since April 5 as Covid-19 cases skyrocket. The city’s 26 million inhabitants have been barred from leaving their homes or apartment buildings and are now depending on government supplies and overloaded grocery delivery apps for food. The…

France 24

Desperation amid food shortages in Shanghai as Covid lockdown bites

Lockdown had been due to end on Tuesday, leaving residents unprepared to be indefinitely housebound

The Guardian - AU

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French voters in COVID-hit Shanghai unable to cast ballots in Sunday election

French citizens under lockdown in COVID-hit Shanghai will be unable to vote at a city polling station in Sunday's tightly contested first round of the presidential election, France's embassy in Beijing said on Friday.

Reuters

Covid-19: Shanghai's locked down elite are joining hunt for groceries

SHANGHAI: Even the wealthy are struggling to buy food as Shanghai's lockdown drags on.

The Times of India

Tesla Giga Shanghai Said To Remain Shut Amid COVID-19 Lockdowns

Tesla Inc’s (NASDAQ: TSLA) key manufacturing plant Giga Shanghai remained shut on Friday amid citywide lockdowns in China due to a recent spike in COVID-19 cases, Nikkei Asia

Benzinga

3 Shanghai officials sacked over COVID-19 response

Three local officials in Shanghai have been sacked over a slack response to the COVID-19 outbreak in China's largest city, where residents are complaining of harsh lockdown conditions leading to shortages of food and basic necessities

The Independent UK

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Shanghai Composite Index Rose 0.47% on Friday

Shenzhen Component Index closed down 0.11%

Caixin Global

For China's leaders, 'lying flat' is scarier than Covid

In the US and Europe, the phrase "living with the virus" refers to reopening the economy and trusting that vaccines work. Not in China. In the public discourse, that would be tantamount to "lie flat," a catchphrase for encouraging inaction — an approach that has grown so popular that it…

The Times of India

Shanghai widens COVID testing as other Chinese cities impose curbs

Shanghai on Friday announced a record 21,000 new cases and a third consecutive day of COVID testing as a lockdown of its 26 million people showed no sign of easing and other Chinese cities tightened curbs - even in places with no recent infections.

Reuters

Covid-19: Shanghai races to build hundreds of thousands of isolation beds

SHANGHAI: Shanghai is transforming conference centers and conscripting neighboring provinces to create isolation facilities for hundreds of thousands of people, a sign of its commitment to a zero tolerance approach to Covid-19 amid China's worst outbreak to date.

The Times of India

Shanghai Continues Citywide Lock-down Despite Public Outcry, Food Shortages, and Chaos

As the Chinese government tries to suppress the outbreak in Shanghai under zero-Covid policy, it is said that more recent deaths have been related to the lockdown than the virus.

The News Lens

Shanghai wrestles with food shortages under virus shutdown

Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people to their homes

The Independent UK

Boeing 737 MAX Lands In China Amid Uncertainty Over Model's Return: Reuters

A Boeing Co (NYSE:BA) 737 MAX intended for China Eastern Airlines (NYSE:CEA) subsidiary Shanghai Airlines landed in Shanghai on Thursday, according to flight-tracking websites, amid uncertainty about when the model will resume flying in China, reported Reuters. Flight BOE631 from Guam came more than three weeks after the first 737 MAX bound for a Chinese…

Benzinga

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Reuters

Shanghai COVID measures target international flights - sources

Chinese authorities are telling foreign airlines they must have more empty seats on international flights when they arrive at Shanghai's Pudong airport, sources said on Thursday, as part of measures to prevent the importation of COVID-19 cases.

Caixin Global

Shanghai Composite Index Fell 1.42% on Thursday

Shenzhen Component Index closed down 1.65%

Al Jazeera

‘Total disaster’: Shanghai lockdown puts livelihoods under strain

Restauranteurs and other small business owners struggle as COVID lockdown brings China’s biggest city to a halt.

The Times of India

Shanghai calls on party members to 'draw swords' in Covid fight

SHANGHAI: China's ruling Communist Party issued a rare call imploring rank-and-file members to help contain the coronavirus in Shanghai, a sign of the strain the locked down financial hub of 25 million people is under as its worst outbreak to date spreads.

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Reuters

Shanghai vows to improve food deliveries as discontent grows over COVID curbs

The Shanghai government said on Thursday it was trying its best to improve the distribution of food and essential goods to locked-in residents, responding to growing public discontent as COVID curbs stretched into an 11th day.

Tribune News Service

Shanghai calls on party members to ‘draw swords’ in COVID fight

China’s ruling Communist Party issued a rare call imploring rank-and-file members to help contain the coronavirus in Shanghai, a sign of the strain the locked-down financial hub of 25 million people is under as its worst outbreak to date spreads.

Benzinga

Tesla's Shanghai Factory Remains Closed Amid Covid-19 Surge

Tesla Inc (NASDAQ:TSLA) factory shutdown has stretched out to at least 12 days as Shanghai's Covid-19 lockdown disrupts businesses in China's financial hub, Bloomberg reports. The factory lockdown, which began on March 28, will remain closed through Thursday, making Tesla lose 12 days of production in recent weeks. The most sought-after semiconductors are…

France 24

Shanghai extends Covid-19 lockdown as Omicron cases soar

Shanghai’s lockdown was due to end in four days but it has since been extended due to the speed of Omicron spread in China’s economic capital. FRANCE 24 reports.

Benzinga

Dingdong, Missfresh Surge on Booming Business During Covid Lockdowns

Key Takeaways: Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair By Doug Young

Benzinga

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares. Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

Reuters

China relies on traditional medicine to fight COVID surge in Shanghai

Shanghai is distributing to residents millions of boxes of traditional Chinese medicine (TCM), such as herbal products and flu capsules, which it says can treat COVID-19 in the battle to control its largest virus outbreak.

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