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The Latest Breaking News from Shanghai

Beijing warns of 'explosive' COVID outbreak, Shanghai conducts mass testing

China's capital Beijing is experiencing an "explosive" COVID-19 outbreak connected to a bar, a government spokesman said on Saturday, as the commercial hub, Shanghai, conducted mass testing to contain a jump in cases tied to a hair salon.

Reuters

Beijing and Shanghai resume mass testing

Beijing and Shanghai have resumed mass testing for Covid-19 while a planned reopening of schools in the capital will be delayed as virus outbreaks emerge just days after the two cities eased social curbs that had been in place for months.

Bangkok Post

Beijing delays school reopenings after new Covid outbreak

Beijing (AFP) - Most children in Beijing will not return to school next week as originally planned, Chinese officials said on Saturday, after an emerging Covid-19 outbreak prompted authorities to partly reverse a decision to resume in-person teaching.

AFP

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Swathes of Shanghai to be returned to lockdown in testing drive

Shanghai (AFP) - Shanghai will impose fresh lockdowns on residents in several city districts this weekend during a mass testing drive, officials said Friday, as President Xi Jinping called for China to stick "unswervingly" to its strict zero-Covid strategy.

AFP

Asian shares slip after rate jitters pull Wall Street lower

Shares are mostly lower in Asia, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes

The Independent UK

China's Xi backs zero-COVID policy as Shanghai expands mass testing

President Xi Jinping said China must stick "unswervingly" to its zero-Covid strategy, as more than half of Shanghai's 25 million lockdown-weary residents gird Friday for a weekend virus testing drive. China is the last major economy still pursuing a policy of stamping out all outbreaks, wielding snap lockdowns, mass testing…

Asharq Al-Awsat

Xi Jinping says ‘persistence is victory’ as Covid restrictions return to Shanghai and Beijing

Both cities back on high alert, with new lockdowns in Shanghai , and the shutdown of entertainment venues in Beijing

The Guardian - AU

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China's Xi backs zero-Covid policy as Shanghai expands mass testing

Shanghai (AFP) - President Xi Jinping said China must stick "unswervingly" to its zero-Covid strategy, as more than half of Shanghai's 25 million lockdown-weary residents gird Friday for a weekend virus testing drive.

AFP

Shanghai to lock down millions again for mass COVID testing

China's commercial hub of Shanghai will lock down millions of people for mass COVID-19 testing this weekend - just 10 days after lifting its gruelling two-month lockdown - unsettling residents and raising concerns about the business impact.

Reuters

China: Made In China Tesla EV Sales Recovered In May 2022

The Tesla Giga Shanghai plant in China appears to be gradually recovering its production of sales, although the results are not yet on par with the pre-lockdown level.

InsideEVs

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Benzinga

Tesla Stock Higher On Solid May China Sales Data, UBS Upgrade, Cathie Wood Dip-Buys

A big rebound in May China sales, an upgrade from UBS and some dip-buying from Cathie Wood has Tesla stock on the move Thursday.

The Street

Shanghai to conduct mass COVID testing in 7 of its 16 districts at weekend

The Chinese commercial hub of Shanghai will carry out mass testing for COVID-19 in seven districts over the weekend, a local health official said on Thursday.

Reuters

Covid news - live: Infections rise for first time in two months with fears of new wave

Health chief says it is ‘very, very difficult’ to say how big or serious wave might be

The Independent UK

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The Independent UK

Covid news - live: New lockdown in Shanghai as China tests 2.7 million people

Minhang district will be subject to a ‘closed management’ order from Saturday

The Independent UK

Virus testing the new normal as China sticks to 'zero-COVID'

Thousands of COVID-19 testing booths have popped up on sidewalks across Beijing and other Chinese cities in the latest twist to the country’s “zero-COVID” strategy

Asharq Al-Awsat

Shanghai to Lock Down and Test 2.7 Million as Covid Fears Linger

Shanghai will lock down a district of 2.7 million people on Saturday to conduct mass coronavirus testing, city authorities said, as the Chinese metropolis struggles to fully emerge from punishing curbs. The city eased many restrictions last week, after confining most of its 25 million residents to their homes since…

Caixin Global

Shanghai Composite Index Fell 0.76% on Thursday

Shenzhen Component Index closed down 1.85%

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AFP

China exports rebound in May as virus controls ease

Beijing (AFP) - China's exports rebounded strongly in May, data showed Thursday, with factories restarting and supply chains untangling as Shanghai slowly emerged from a gruelling Covid lockdown.

Benzinga

Disney's Shanghai Resort To Reopen Some Sections After 2-Month Shutdown

Amid the easing COVID-19 restrictions in China, Walt Disney Co's (NYSE: DIS) Disney Resort in Shanghai is set to reopen some retail and park areas from Friday.

AFP

Shanghai to lock down and test 2.7 million as Covid fears linger

Shanghai (AFP) - Shanghai will lock down a district of 2.7 million people on Saturday to conduct mass coronavirus testing, city authorities said, as the Chinese metropolis struggles to fully emerge from punishing curbs.

The Independent UK

China's trade rebounds in May as anti-virus curbs ease

China’s trade growth rebounded in May after anti-virus restrictions that shut down Shanghai and other industrial centers began to ease

Reuters

Shanghai Disney Resort to reopen some areas, main park and hotels remain closed

Shanghai Disney Resort said it will reopen some retail and park areas from Friday but the main Disneyland park, Disneytown and its two resort hotels will remain closed until further notice.

Reuters

China COVID jitters flare up as parts of Shanghai resume lockdown

(Corrects June 9 story to clarify that Minhang will lock down during testing that will happen on Saturday, not from Thursday until the testing is over)

Investors Business Daily

Nio Falls Despite Beating Views; Tesla China Sales Improve, U.S. Safety Agency Upgrades Autopilot Probe

Nio topped Q1 views while Tesla China sales jumped in May vs. April and should keep recovering in June. Nio stock tumbled while Tesla reversed lower.

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