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The Latest Breaking News from Shanghai

China Launches High-Tech Aircraft Carrier in Naval Milestone

Beijing launched a new-generation aircraft carrier Friday, the first such ship to be both designed and built in China, in a milestone as it seeks to extend the range and power of its navy. The Type 003 carrier christened Fujian left its drydock at a shipyard outside Shanghai in the…

Asharq Al-Awsat

China launches third aircraft carrier: state media

Shanghai (AFP) - China on Friday launched its third aircraft carrier, the first designed and built entirely in the country, marking a major military advance for the Asian superpower.

AFP

China launches third aircraft carrier, the Fujian

The ship began construction in Shanghai in 2018 and is China’s first domestically-developed aircraft carrier.

Al Jazeera

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University tells students they can pass their swimming test ONLINE due to Covid outbreak

One hilarious social media user clad himself in goggles and speedos before "swimming" on his bed after Shanghai Univeristy moved its practical swimming course online

Daily Mirror

Disney mega fans can visit 12 parks in 20,000 mile global jet adventure costing £90,000

Disney fans have the opportunity to use up some serious air miles and visit resorts in California, Florida, Shanghai, Paris in Giza, while also staying at a special Star Wars themed ranch

Daily Mirror

Shanghai Composite Index Fell 0.61% on Thursday

Shenzhen Component Index closed up 0.11%

Caixin Global

Boeing Shares Take Off After China Southern Airlines Test Flight

Benzinga

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Hong Kong slips 1 place to fourth most expensive city for luxury spending

HONG KONG: Hong Kong has slipped one place to become the fourth most expensive city on the planet for luxury goods and services, according to a report released by Swiss private bank Julius Baer on Wednesday.

Bangkok Post

Forever 21 Takes Third Crack at China with New Bricks and Mortar Store

American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform WeChat that it would open a store "in June" at Jingjiang Impression City shopping center…

Asharq Al-Awsat

China COVID Controls Makes Apple Supplier Pegatron ‘Emphasize’ Expansion Elsewhere

China's recent lockdowns to control the spread of COVID-19 have made Apple Inc iPhone assembler Pegatron Corp "emphasize" its expansion in other countries, a senior executive at the Taiwanese firm said on Wednesday. In April, Taiwan-headquartered Pegatron suspended operations at its Shanghai and Kunshan plants in China due to strict…

Asharq Al-Awsat

Shanghai Composite Index Rose 0.5% on Wednesday

Shenzhen Component Index closed up 0.95%

Caixin Global

Shanghai lockdown sees quarter of US firms cut investment plans

SHANGHAI: Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday.

Bangkok Post

Shanghai lockdown sees quarter of US firms cut investment plans: poll

Shanghai (AFP) - Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday.

AFP

Portrait: Chloe Gong

Sarah Morcom (words) and Jane Ussher (photos) meet a best-selling author, 23

Newsroom.co.nz

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Benzinga

Disney To Reopen Shanghai Properties After 3 Months Of COVID Closure

The Walt Disney Co. (NYSE: DIS) is planning to reopen two of its Shanghai properties as the Chinese city slowly moves beyond its extensive COVID-19 lockdown.

Caixin Global

Shanghai Tries New Tactics to Stamp Out Crypto Mining

Companies running data centers are required to conduct self-checks and pledge not to engage in the power-hungry activity

The Street

What Is the Supply Chain? Why Is It Important?

What Is the Supply Chain and How Does It Work?We live in a global economy, powered by a complex network of resources, materials, manufacturing, and transportation, which work together to bring products and services to customers. This is known as the supply chain.The supply chain is made up of a…

Tribune News Service

China is walking back virus loosening weeks after reopening

China is starting to re-impose COVID-19 restrictions just weeks after major easing in key cities, raising concern the country may once again employ strict lockdowns to control its outbreak.

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AFP

Markets dive on inflation woes as dollar spikes against yen, rupee

Hong Kong (AFP) - Markets tumbled in Asia and Europe on Monday to extend a global rout while the dollar soared after a forecast-beating US inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

WEKU

A COVID-19 cluster at a Beijing nightclub sets off a new clampdown

Dozens of cases linked to a nightclub spurs officials to return to online schooling and indefinitely delay sports gatherings.

The Independent UK

Virus cluster at nightclub sets off new Beijing clampdown

China's capital has put school online in one of its major districts amid a new COVID-19 outbreak linked to a nightclub

Tribune News Service

China is walking back virus loosening just weeks after reopening

China is starting to reimpose COVID-19 restrictions just weeks after major easing in key cities, raising concern the country may once again employ strict lockdowns to control its outbreak.

Bangkok Post

China's wall of public-health distrust

China's urban populations have been enduring some of the most intense infection-prevention measures of the Covid-19 pandemic. For 60 straight days, Shanghai's 27 million residents were forced into a strict lockdown -- and they were not alone. During the peak of the Omicron BA.2 wave in the past two months,…

Tribune News Service

Lockdown fears linger as Beijing says harder to control cluster

Beijing’s local government said a COVID-19 outbreak linked to a popular bar is proving more difficult to control than previous clusters, in a weekend that saw mass testing and rising infections both in the city and Shanghai.

Asharq Al-Awsat

Mass COVID Testing Announced for Beijing’s Chaoyang District amid ‘Ferocious’ Outbreak

Beijing's most populous district Chaoyang announced three rounds of mass testing to quell a "ferocious" COVID-19 outbreak that emerged at a bar in a nightlife and shopping area last week, shortly after the city relaxed curbs imposed during an outbreak in April. City health officials said that so far there…

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