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The Latest Breaking News from Shanghai

Up to 70% of Shanghai population infected with Covid - top doctor

SHANGHAI: A senior doctor at one of Shanghai's top hospitals has said 70 percent of the megacity's population may have been infected with Covid-19 during China's huge surge in cases, state media reported on Tuesday.

Bangkok Post

Up to 70% of Shanghai population infected with Covid: top doctor

Shanghai (AFP) - A senior doctor at one of Shanghai's top hospitals has said 70 percent of the megacity's population may have been infected with Covid-19 during China's huge surge in cases, state media reported Tuesday.

AFP

Chinese automakers launch into Australia with lower-cost EVs as local uptake is about to accelerate

China has become the world's largest electric vehicle manufacturer, with some of its models are coming to Australia in the new year, bringing a more-attractive price tag for Australian consumers.

ABC News

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Some in China Return to Regular Activity after COVID Infections

Some people in China's key cities of Beijing, Shanghai and Wuhan braved the cold and a spike in COVID-19 infections to return to regular activity on Monday, confident of a boost to the economy as more recover from infections. Among those who gathered to sled or ice skate on a…

Asharq Al-Awsat

Some in China return to regular activity after COVID infections

Some people in the Chinese cities of Beijing, Shanghai and Wuhan braved the cold and a rise in COVID-19 infections to return to regular activity on Monday, raising the prospect of a boost to the economy as more recover from infections.

Reuters

Tesla Deliveries Hit Record 405,278 In Q4, But Miss Views Despite Big Incentives

Tesla deliveries rose to a record 405,278 in Q4, but fell short of lowered views despite aggressive year-end incentives.

Investors Business Daily

Shanghai Composite Index Rose 0.51% on Friday

Shenzhen Component Index closed up 0.18%

Caixin Global

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Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

Analysis-China's COVID policymaking under scrutiny as infections soar

After China scrapped three years of zero-COVID curbs in 30 days, setting off a massive wave of infections, Beijing's policymakers face an immense challenge to treat the sick and minimise deaths while winning back public trust dented by previous policies.

Reuters

Report: Tesla Giga Shanghai To Take Another Production Break In January

Tesla might reduce the number of production days at the Giga Shanghai plant in China in January, after it limited the output in the last days of 2022.

InsideEVs

Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.86%

Caixin Global

Tesla Stock Tumbles Again As China Registrations Falter

Tesla stock sank as estimates out of China show weekly vehicle registrations have fallen. Tesla has also closed its Shanghai plant until next year.

Investors Business Daily

Dow Jones Falls After Housing Data As Apple Hits New Low; Tesla Plunges On Reduced Production Schedule In China

The Dow Jones Industrial Average turned lower after economic data. Tesla dived on a report that the EV giant will run a reduced production schedule at its Shanghai plant in January.

Investors Business Daily

Stocks Higher On China Reopen, Tesla, Southwest, Bomb Cyclone Storms - Five Things To Know

Stock futures higher as markets cheer China reopening; oil prices climb on China demand bets; Tesla extends slumps on Shanghai production halt; Southwest shares slide amid storm flight chaos and Winter 'bomb cyclone' storm kills 56, paralyzes U.S. Midwest.

The Street

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The Street

Tesla Suspends Production in a Key Market

The world leader in electric vehicles is having a very bad end to the year.

Caixin Global

Shanghai Composite Index Rose 0.65% on Monday

Shenzhen Component Index closed up 1.19%

Reuters

Beijing, Shanghai residents back to work as China limps towards living with COVID

Mask-wearing Beijing and Shanghai commuters crowded subway trains on Monday as China's two biggest cities edged closer to living with COVID-19 even as frontline medical workers scrambled to cope with millions of new infections.

France 24

'Overwhelmed': China's stretched health system grapples with soaring Covid cases

Over the past few days, the emergency rooms of Shanghai hospitals have been overwhelmed as coronavirus cases soar after the Chinese Communist Party reversed its restrictive "zero-Covid" policy. Official estimates indicate that some 250 million people, almost a fifth of the Chinese population, caught Covid in the first 20 days…

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Reuters

Hong Kong announces planned border re-opening with China as Omicron surges at Christmas

China, grappling with a new wave of COVID-19 infections, took another step towards loosening its pandemic-related restrictions on Saturday when Hong Kong's leader announced it would aim to re-open its borders with the mainland by mid-January.

Investors Business Daily

Tesla Stock 2023: EV Giant Faces Big Challenges In Its Two Megamarkets

Shares are off 65% in 2022. Now what's in the Tesla 2023 forecast? Here's what analysts say about profit, EV competition, subsidies and more.

Caixin Global

Tech Insider: Xiaomi President to Step Down, TuSimple Plans to Cut Staff by 25%

Hackers threaten to blackmail Nio, EV-maker launches urban-navigation system in Shanghai

Reuters

China's stretched health system braces for peak in COVID infections

China is expecting a peak in COVID-19 infections within a week, a health official said, with authorities predicting extra strain on the country's health system even as they downplay the disease's severity and continue to report no new deaths.

Reuters

China lacked a 'zero COVID' exit plan. Its people are paying the price

At the public hospital in Shanghai where Nora, a 30-year-old doctor, works, tension has spiraled since China relaxed its stringent zero-COVID policy on Dec. 7.

Reuters

In China, people are learning to live with COVID

Only a few weeks ago COVID-19 positive Chinese teacher Yang Zengdong and her husband would probably have ended up in a makeshift quarantine centre with patchy heating, sparse bedding and overwhelmed toilets, but today they are isolating at home.

Asharq Al-Awsat

Shanghai Hospital Warns of ‘Tragic Battle’ as COVID Spreads

A Shanghai hospital has told its staff to prepare for a "tragic battle" with COVID-19 as it expects half of the city's 25 million people to get infected by the end of the year while the virus sweeps through China largely unchecked. After widespread protests and a relentless rise in…

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