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The Latest Breaking News from Shanghai

Shanghai Composite Index Fell 0.12% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

Beijing denies lockdown rumours as Shanghai hunts elusive COVID

Beijing denied it was heading for lockdown as panic buying gripped the capital on Thursday, while Shanghai combed the city for lingering COVID-19 cases in the hope of clearing the way to escape from weeks of painful restrictions.

Reuters

China fights economic slump, sticks to costly 'zero COVID'

China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities

The Independent UK

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read the most diverse news in one place.

Can Xi Jinping vanquish Covid without crushing China’s economy?

In a crucial political year, a series of open-ended lockdowns have heaped pressure on struggling businesses

Financial Times

At mercy of zealous residential committees, Shanghai's locked-down vent frustration

Last week, Elizabeth Liu and her husband were excited about the prospect of leaving their Shanghai residential compound for the first time in over a month. All but one building in the compound had just been reclassified as low risk after 14 days of no COVID cases.

Reuters

Australians in Shanghai disappointed lockdown could stop them voting in federal election

Australians living under a strict lockdown in Shanghai have given up on hopes of voting in the federal election, saying there's no chance they will be able to send postal votes back to the Australian Electoral Commission in time.

ABC News

Tesla Restarts Exports Out Of China Following Previous Shutdown

Tesla's Giga Shanghai recently reopened after a lengthy shutdown. However, it has already ramped up enough capacity to start shipping cars overseas.

InsideEVs

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Opinion: How Singapore Could Outperform Shanghai, Hong Kong to Become Asia’s Financial Center

The country has benefited from China-U.S. tensions and a successful response to Covid-19

Caixin Global

Tesla Analyst Contradicts Elon Musk On China Lockdown Impact: 'Giga Shanghai Ramp-Up Unlikely Until June'

The key to Tesla, Inc. (NASDAQ: TSLA) hitting its sales target for the year is the speedy ramp of Giga Shanghai, which faced disruptions from COVID-19 lockdowns in China.

Benzinga

Shanghai to restrict access to food deliveries and hospitals in new severe phase of Covid lockdown

City officials move to toughen lockdown rules further despite being urged to change course

Evening Standard

Shanghai maintains 'zero-COVID' policy but the U.N. says it is not sustainable

The leader of the World Health Organization says he doesn't think that a 'zero-COVID' strategy is sustainable, given the behavior of the virus.

WEKU

Shanghai Composite Index Rose 0.75% on Wednesday

Shenzhen Component Index closed up 1.8%

Caixin Global

‘Localised’ recessions? China’s economy teeters amid lockdowns

Economists warn of negative economic growth in certain sectors and regions if ‘zero COVID’ policy continues.

Al Jazeera

Lifting zero-Covid policies in China could risk 1.6m deaths, says study

Authorities might let people isolate at home instead of quarantine centres but anger continues in Shanghai about heavy-handed tactics

The Guardian - AU

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The Independent UK

Shanghai reaffirms 'zero-COVID'; WHO says not sustainable

Shanghai is reaffirming China's strict “zero-COVID" approach to pandemic control, a day after the head of the World Health Organization said that was not sustainable and urged China to change strategies

Reuters

Half of Shanghai achieves 'zero COVID'; city presses on with 'unsustainable' fight

China hit back on Wednesday against what it called "irresponsible" comments by the head of the World Health Organization, who described the country's uncompromising and increasingly painful "zero COVID" policy as "not sustainable."

Benzinga

Elon Musk Says Tesla Will Expand Giga Shanghai But No New Plant Planned In China

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday that the electric vehicle maker would expand its Giga Shanghai factory but has no plans to launch any new plants in China.

Reuters

Dropping zero-COVID policy in China without safeguards risks 1.5m lives - study

China risks just over 1.5 million COVID deaths if it drops its tough zero-COVID policy without any safeguards such as ramping up vaccination and access to treatments, according to new modelling by scientists in China and the United States.

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The Conversation

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis. Around 400 million people are currently thought to be living under some form of lockdown across the country. One of China’s largest cities, Shanghai,…

InsideEVs

China: Made In China Tesla Wholesale Shipments Collapsed In April 2022

The total Tesla volume (sales and export) - according to the CPCA's data - amounted to just 1,512 units, which is 94% less than a year ago.

Asharq Al-Awsat

Luxury Brands Navigate Shanghai’s Lockdown to Keep VIPs Pampered

What Ms.

The Street

Tesla Stock Extends Slide As China Sales Slump Amid Covid Production Halt

Tesla's China sales hit a two-year low last month thanks in part to a 22-day shutdown at its Shanghai gigafactory and a slump in consumer demand.

The Street

Stock Futures Bounce, Tesla, Twitter, Bitcoin And AMC In Focus - 5 Things You Must Know

Stock futures bounce as investors buy dip after lowest S&P 500 close in a year; Tesla sees China sales, export slump as Shanghai factory hit by Covid lockdowns; Twitter shares extend slide as short seller cautions on Musk re-pricing takeover; Bitcoin prices find support after dipping below $30,000 and AMC…

Caixin Global

Shanghai Composite Index Rose 1.06% on Tuesday

Shenzhen Component Index closed up 1.37%

Reuters

Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID

Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China's capital kept up its fight with a small but stubborn outbreak.

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