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The Latest Breaking News from Shanghai

China manufacturing weakens as anti-virus controls tighten

An official survey shows China’s manufacturing activity fell to a five-month low in March after most of Shanghai and two smaller industrial cities were shut down to fight coronavirus outbreaks

The Independent UK

Shanghai to expand lockdown to most residents as COVID cases rise

Shanghai is set to put the vast majority of its residents under COVID lockdown from Friday, as it expands curbs to include the western half of the city and extends restrictions in the east where people have already been forced to stay home since Monday.

Reuters

State Oil Giant CNOOC Cleared for $5.5 Billion Share Sale in Shanghai

China’s biggest offshore driller posts record 2021 earnings as profits jump 182% on rising output and soaring world oil prices

Caixin Global

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Opinion: How Shanghai Can Pioneer a New Path for Disease Control

Amid worst Covid-19 outbreak, city could turn pandemic into manageable endemic disease using self-isolation, self-testing and advanced drugs and vaccines

Caixin Global

GM’s Shanghai Plant Keeps Producing As Workers Sleep On Factory Floor

The region is experiencing rising COVID-19 cases.

Motor1

Shanghai Offers Support for Importing Covid Drugs and Vaccines as It Battles Outbreak

City releases a slate of new measures to keep its economy running under strict lockdown measures, including ramping up testing capacity and tax and fee cuts for businesses

Caixin Global

Shanghai in lockdown: Large parts of Chinese city closed as Covid-19 surges

After Shanghai recently reported a new daily record for asymptomatic coronavirus infections, the city is locking down in two stages. It's the biggest step taken in the Chinese metropolis since the Covid-19 pandemic began more than two years ago. But some residents are complaining that the cost of China's strict…

France 24

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'We demand an explanation!' Shanghai residents vent COVID lockdown irritation

Frustrated and locked down, residents of Shanghai have taken to social media to vent, questioning the practicality of persisting with China's zero-tolerance approach to COVID-19 in its most populous city.

Reuters

Shanghai Composite Index Rose 1.96% on Wednesday

Shenzhen Component Index closed up 3.1%

Caixin Global

Shanghai expands COVID lockdown as new daily cases surge by a third

Authorities began locking down some western areas of Shanghai two days ahead of schedule, as new COVID-19 cases in China's most populous city jumped by a third despite stringent measures already in place to try to stop the virus spreading.

Reuters

‘Pick the shelves clean’: food shortage rap helps cut through gloom of Shanghai lockdown

Residents in China’s largest city express growing frustration with Covid measures, as well as anger over food shortages

The Guardian - AU

China tries to limit economic blow of Shanghai shutdown

China's leaders are trying to fine-tune their “zero tolerance” COVID strategy to rein in job losses and other costs to the world’s second-largest economy

The Independent UK

Shanghai extends COVID lockdowns, adds nearly 6,000 new cases

Shanghai's COVID-19 lockdown is extended to some western parts of the city earlier than scheduled, as robots with loudspeakers remind millions of people to stay at home.

ABC News

This Tesla-General Motors JV Supplier Abruptly Sends Home Workers From Shanghai Facility Citing COVID Issues

Tesla Inc (NASDAQ:TSLA) and General Motors Co (NYSE:GM) JV supplier Aptiv PLC (NYSE:APTV) dismissed workers from a Shanghai production facility, citing COVID issues, Reuters reports. Aptiv abruptly dismissed workers at one of the sites, which made wire harnesses, on March 29. Wire harnesses were unique to each model, and it was not possible to build vehicles…

Benzinga

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Benzinga

Maersk Warns Shanghai City Lockdown Will Severely Hurt Trucking Services And Bump-Up Transport Costs: Reuters

A. P.

Benzinga

GM Keeps Up Production In China By Retaining Workers In Factory: Reuters

General Motors Company’s (NYSE:GM) joint venture in Shanghai, China, is continuing production amid lockdown by making workers sleep on factory floors, Reuters reported. The company has formed an arrangement in which workers sleep, live, and work in isolation from the rest of the world to prevent virus transmission. General Motors runs the facilities…

Bangkok Post

Anxiety and empty shelves as Shanghai Covid cases surge

SHANGHAI: Shanghai recorded a steep climb in Covid-19 cases Tuesday as panic-buying in the Chinese city of about 25 million stripped supermarket shelves bare.

Reuters

In China's Wall Street, bankers and traders sleep in offices to beat Shanghai COVID lockdown

More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration officials.

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InsideEVs

Tesla Halts Giga Shanghai Production For Four Days Amid Lockdown

Authorities in the city of around 25 million people decided to lock down half the city at a time to conduct mass testing to fight a new COVID-19 outbreak.

Caixin Global

Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

The Independent UK

Shanghai lockdown tests 'zero-COVID' limits, shakes markets

A two-phase lockdown on Shanghai's 26 million people is testing the limits of China's hardline “zero-COVID" strategy whose effects are being felt beyond the country's borders

Al Jazeera

Feeling economic strain, China explores tweaks to ‘Zero COVID’

Shanghai, China’s biggest city, is imposing a lockdown in two phases in an effort to minimise economic disruption.

Reuters

Shanghai tightens COVID lockdown on second day of curbs

China's most populous city tightened the first phase of a two-stage COVID-19 lockdown on Tuesday, asking some residents to stay indoors unless they are getting tested as the number of new daily cases exceeded 4,400.

The Guardian - UK

Shanghai begins locking down millions as China’s Covid cases surge

China will shut down city in two stages as it sticks to a ‘zero-Covid’ strategy amid growing outbreaks

Evening Standard

FTSE report: Oil slips and bitcoin jumps as Shanghai Covid lockdown rekindles supply chain fears

The move to lockdown 26 million residents in the major Chinese city Shanghai has hit Asian share prices and knocked Brent crude

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