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The Latest Breaking News from Shanghai

Shanghai Influencer Charged for Operating Bogus Online ETF Trading Platform

The accused, identified only as Xu, allegedly lured investors to make trades totaling $4.5 million, often resulting in heavy losses

Caixin Global

Tesla braces for delivery slump on China plant shutdown

Tesla Inc. is expected to announce quarterly production and delivery figures this weekend that will likely be among the worst of the year — and break its multi-quarter streak of record-setting results — due largely to an extended shutdown of its factory in Shanghai.

Tribune News Service

Overseas flights in high demand as Shanghai resumes international travel

HONG KONG: Students and expatriates in China are rushing to fly abroad after Shanghai's largest airport opened to a handful of international flights this week, as the city gradually recovers from a two-month lockdown and the country eases inbound quarantine rules.

Bangkok Post

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Nvidia, Apple, Microsoft And Others Set To Lose As Gartner Predicts Demand Softness For Smartphones, PCs In 2022

China's economic slowdown and inflation-led drop in consumer spending will likely weigh on the global shipments of computers and smartphones in 2022, as per a Reuters story citing research firm Gartner. Earlier this month, Advanced Micro Devices, Inc (NASDAQ:AMD) warned against a slowdown in the PC market after two solid years. Analysts expected the chipmaker to gain…

Benzinga

COVID restrictions ease in Shanghai as case numbers drop

Shanghai is reopening its Disney Resort theme park and getting ready to allow in-person dining

The Independent UK

Shanghai Disneyland Theme Park Re-Opens after Three-Month Closure

More than a thousand visitors streamed in on Thursday as Walt Disney Co's Shanghai Disney Resort theme park opened after a closure of three months, with face masks and social distancing the order of the day. The park shut on March 21 as cases rose in the Chinese business hub,…

Asharq Al-Awsat

Shanghai Disneyland theme park re-opens after three-month closure

Reuters

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Services, manufacturing rebound in China after Covid curbs eased

Beijing (AFP) - China's factory and services activity picked up in June, official data showed Thursday, fuelled by the easing of Covid-19 restrictions in major cities such as Shanghai and Beijing.

AFP

Volkswagen Boss Herbert Diess: New Plants Will Drain Tesla's Strength

Herbert Diess said that Tesla's issues at the Giga Berlinand Giga Austin plants, plus expansion of Giga Shanghai, will drain strength out of Tesla.

InsideEVs

China slashes COVID-19 quarantine time by half for international travellers

Beijing says the new rules are designed to make coronavirus restrictions more "scientific and precise" while the country sticks with its COVID-zero principle.

ABC News

Shanghai Composite Index Fell 1.4% on Wednesday

Shenzhen Component Index closed down 2.2%

Caixin Global

Widespread relief for Shanghai's restaurant sector as dine-in resumes

Restaurants and eateries in China's largest city Shanghai begun reopening their doors to diners on Wednesday, bringing widespread relief to an industry that was badly hit by the city's two month COVID-19 lockdown.

Reuters

Stocks split on China, US consumer confidence

London (AFP) - European and Asian stocks climbed Tuesday and oil prices rallied further as China slashed the quarantine time for visitors, fuelling hopes of recovery for the world's second largest economy.

AFP

Disney To Reopen Shanghai Theme Park On June 30

The Walt Disney Co. (NYSE: DIS) will reopen its Shanghai Disneyland theme park on June 30, three months after the site was closed during the COVID lockdowns that paralyzed the Chinese city.

Benzinga

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Tribune News Service

China cuts travel quarantine in biggest COVID zero shift yet

China reduced quarantine times for inbound travelers by half, the biggest shift yet in a COVID-19 policy that has left the world’s second-largest economy isolated as it continues to try and eliminate the virus.

Daily Mirror

Woman rescues stray 'puppy' from garden - then expert confirms it's not a dog

Hu Nan, from Shanghai, China, found an abandoned 'puppy' in her garden and raised it for two months before an animal expert confirmed it was actually a raccoon dog

AFP

Asian markets bounce as China eases quarantine measures

Hong Kong (AFP) - Most Asian markets reversed early losses Tuesday and oil continued its recent rally after China slashed the quarantine time for visitors, fuelling hope for a boost to the embattled economy.

Asharq Al-Awsat

Shanghai Disney Resort Says to Reopen Disneyland Theme Park on June 30

The Shanghai Disney Resort said on Tuesday it will reopen Disneyland theme park on June 30. "The magic is back!" the company said on its Weibo account. The Resort reopened Disneytown and Shanghai Disneyland Hotel on June 16. Shanghai Disney Resort has been closed since March 21 due to the…

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Reuters

China slashes COVID quarantine time for international travellers

China slashed the quarantine time for inbound travellers by half on Tuesday, in a major easing of COVID-19 curbs that have deterred cross-border travel and resulted in international flights running at just 2% of pre-pandemic levels.

Reuters

Shanghai's Disneyland theme park to re-open on Thursday

The Walt Disney Co's Shanghai Disney Resort said on Tuesday it would reopen the Disneyland theme park on June 30, a month after the Chinese economic hub lifted a two month-long COVID-19 lockdown.

Investors Business Daily

Tesla's Shanghai, Berlin Plants Pause Production; Tesla Stock Up Despite Q2 Deliveries Miss

Tesla deliveries for the second quarter declined vs. Q1 due to Shanghai plant production woes.

Investors Business Daily

China EV Sales Boom In Q2 But Tesla Rivals BYD, Nio Stock Lag As New Headwind, Power Day Loom

China EV sales jumped in June and Q2 for BYD, Nio, Xpeng and Li Auto, as Covid headwinds ease. Tesla rivals BYD and LI stock are in buy zones.

InsideEVs

Report: Tesla Will Upgrade Its Plant In Shanghai To Boost Production

The Tesla Giga Shanghai plant barely returned to volume production after several weeks of lockdowns, but must halt production once more.

The Japan News/Yomiuri

Air conditioners in short supply as China lockdown ripple spreads

Concerns are growing that supply cannot keep up with demand for home appliances such as air conditioners and washing machines, due to the global shortage of semiconductors and Shanghai's COVID-19 lockdowns, which have hampered manufacturers' production.

Reuters

Shanghai will gradually resume dining-in at restaurants from June 29

Shanghai will gradually resume dining-in at restaurants from June 29 in low-risk areas and areas without any community-level spread of COVID-19 during the previous week，a Shanghai government official said on Sunday.

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