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The Latest Breaking News from Shanghai

‘I feel like I’ve been abandoned by the world’: Chinese youth hit by record unemployment

Despite Chinese President Xi Jinping’s assurances that the country’s youth are “living an extraordinary time”, recent statistics tell a vastly different story: One in five Chinese under 24 years old are currently out of work, the highest rate ever recorded. FRANCE 24 reports from Shanghai, where young people say the…

France 24

Shanghai island to host 3,250-bed COVID quarantine facility

Shanghai plans to build a 3,250-bed COVID-19 quarantine facility on a small island close to its city centre as China stands by its stringent zero-COVID controls, rather than relaxing curbs as many other countries have done.

Reuters

Potential Tesla Record: Over 10,500 EVs At Shanghai Port For Export

Tesla was unable to live up to Wall Street's Q3 2022 delivery estimates, but it's gearing up to hit its goal of 50 percent growth by the end of the year.

InsideEVs

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read the most diverse news in one place.

Anti-CCP protest and lockdown fears fuel China tensions before congress

Images show banners emblazoned with protest messages hanging from overpass on major road in Beijing

The Guardian - UK

Why Companies Decide To Leave or Stay in China

A recent survey of more than 500 Taiwanese companies shows a quarter have moved a part of their production or sourcing out of China.

The News Lens

Shanghai Covid cases jump to three-month high as schools close

BEIJING: Shanghai’s Covid cases jumped to a three-month high as city officials quietly shuts schools and a raft of other venues to try to rein in a flareup that’s hit the financial hub just days before one of China’s most important political events.

The Times of India

Shanghai says water supplies 'normal' after shortage scare sparks hoarding

Authorities in the Chinese financial hub of Shanghai have told citizens that municipal water supplies remain "normal", dispelling rumours of shortages and quality issues that led to a wave of panic-buying throughout the city on Tuesday.

Reuters

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After COVID lockdown, eyes on Shanghai chief at party congress

Once seen as a sure bet for elevation to China's elite Politburo Standing Committee or even as the country's next premier, Li Qiang's glide path to the upcoming Communist Party Congress was buffeted by Shanghai's grinding two-month COVID-19 lockdown.

Reuters

Ding Xuexiang: from Shanghai party cadre to Xi gatekeeper

When Xi Jinping left China for the first time in more than two years to visit Central Asia last month, his entourage included a familiar face from domestic trips.

Reuters

China: Tesla EV Sales And Exports Increased In September 2022

In September, Tesla noticeably increased local retails sales and export of electric cars, produced at the Tesla Giga Shanghai plant in China.

InsideEVs

China steps up anti-COVID measures in megacities as infections mount

Shanghai and other big Chinese cities, including Shenzhen, have ramped up testing for COVID-19 as infections rise, with some local authorities hastily closing schools, entertainment venues and tourist spots.

Reuters

CPMG Architects helping design the vast ‘Dragon Valley’ resort near Shanghai

Site will have longest infinity pool in China and be bigger than Bluewater shopping centre in London

Birmingham Post

Lepu Biopharma Marches Towards First Sales as Costs Mount

Key Takeaways: Lepu Biopharma will incur more operational costs as it builds up its production capacity and sales and marketing teams to commercialize its first approved product The company’s stock surged after it said it would list on Shanghai’s STAR Market and be included in the Shenzhen-Hong Kong Stock Connect…

Benzinga

Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

Benzinga

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Asharq Al-Awsat

China Since the Founding of the Communist Party

Here are the key dates in China since the founding of the Communist Party (CCP) which has grown into one of the world's most powerful political organizations as brought by AFP. - July 1921: Founded in secret - In the summer of 1921, Mao Zedong and a clutch of Marxist-Leninist…

Motor1

Maserati Debuts New Showroom Design Bridging Online, Offline Shopping

Maserati plans to launch this in its stores in Berlin, Hong Kong, Madrid, Melbourne, and Shanghai by the end of 2022.

Bangkok Post

China trials digital currencies for cross-border deals

SHANGHAI: A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

InsideEVs

Tesla Will Not Yet Push For Max Output At Giga Shanghai, Say Sources

Tesla just finished the China factory upgrades and is ramping up, so it makes sense that the production would stand to be capped through the rest of 2022.

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InsideEVs

Will Tesla's Reduced Wait Times In China Impact Its Stock?

As Tesla continues to prioritize production output at its Giga Shanghai, wait times have been dropping in China as it begins catching back up to demand.

InsideEVs

Tesla Giga Shanghai Production Capacity Updates Are Complete

Tesla has been expanding its global footprint and increasing its production capacity. Its factory in China has been a huge asset, and now it's improved.

Asharq Al-Awsat

Tesla Completes Production Capacity Expansion at Shanghai Plant

Tesla completed a project to expand production capacity at its Shanghai plant on Monday, according to a statement on a Shanghai government platform for companies' environmental information disclosures. Tesla will test the production lines for the upgrade during From Sept. 19 to Nov. 30, the statement added. Reuters previously reported…

Reuters

Shanghai reports 3 asymptomatic, 0 symptomatic COVID cases for Sept 18

Shanghai reported three new domestically transmitted asymptomatic coronavirus cases for Sept. 18, up from zero a day earlier, while no local symptomatic cases were reported, the same as the previous day, the city government said on Monday.

Tribune News Service

Xi’s heir is likely among China’s rising ‘luckiest generation’

The spotlight at China’s leadership congress next month will fall on the elite lineup installed to steer the world’s No. 2 economy. But another lesser-watched group will also advance, and an eventual successor to President Xi Jinping is likely among them.

The Independent UK

Chinese factory churns out British flags after queen's death

Ninety minutes after Queen Elizabeth II died, orders for thousands of British flags started to flood into a factory south of Shanghai

The Times of India

PM Narendra Modi meets Uzbek President Shavkat Mirziyoyev in Samarkand

SAMARKAND: Prime Minister Narendra Modi on Friday met Uzbek President Shavkat Mirziyoyev on the sidelines of the Shanghai cooperation organisation summit. The two leaders discussed issues of bilateral and mutual interests.

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