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The Latest Breaking News from Shanghai

Asian stocks rise as survey shows Chinese services reviving

Major Asian stock markets are higher after Wall Street declined and a survey showed the downturn in Chinese service activity eased as anti-virus controls on Shanghai and other major cities were lifted

The Independent UK

Shanghai's mental health crisis will linger despite strict lockdown being lifted, health workers say

Shanghai residents are celebrating the end of one of the world's strictest lockdowns. But while the harshest restrictions are over, health workers say another health crisis isn't likely to end anytime soon.

ABC News

Elon Musk has ‘super bad feeling’ about economy and wants to cut 10% of Tesla jobs

Tesla has struggled to restart production at its Shanghai factory after Covid restrictions

The Independent UK

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Warren Buffett-Backed BYD Continues To Outperform EV Rivals In May

Chinese new energy vehicle maker BYD Co (OTC: BYDDY) said on Thursday that sales of its battery-powered vehicle more than doubled in May despite nearly a two-month COVID-19 lockdown in Shanghai which disrupted supply chains and hit production for many of its rivals.

Benzinga

‘Apocalypse mentality’, ‘revenge spending’ and an exodus in newly free Shanghai

City revels in freedoms after two months of lockdown but happiness is punctuated by fears that restrictions could return

The Guardian - AU

Shanghai enters post-lockdown life, but China's COVID-zero policy will haunt the younger generation

From unemployment to lockdowns, China's young people are facing intense challenges, and the pressure is on Xi Jinping to fix the situation before the birth rate plummets any further.

ABC News

COVID lockdown in Shanghai causes Australian shortage of critical medical dye used for CT scans and operations

The impact of the COVID-19 lockdown in Shanghai has travelled all the way to Australia with hospitals reporting a shortage of medical dye used in CT scans and radiology.

ABC News

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What's Going On With Pinduoduo Shares Today?

Pinduoduo Inc - ADR (NASDAQ: PDD) shares are trading higher by 6.86% at $52.36. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

Why NIO Shares Are Rising Today

Nio Inc - ADR (NYSE: NIO) shares are trading higher by 6.15% at $18.65. Strength is possibly due to hopes of a Shanghai reopening. The company Wednesday announced it delivered 7,024 vehicles in May 2022.

Benzinga

What's Going On With DiDi Global Shares Today?

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher by 8.70% at $2.00. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

What's Going On With Baidu Shares Today?

Baidu Inc (NASDAQ: BIDU) shares are trading higher by 3.17% at $145.79. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

What's Going On With Alibaba Shares Today?

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading higher by 3.71% at $96.84. Strength is possibly due to hopes of a Shanghai reopening.

Benzinga

After Shanghai lockdown, many struggle to pick up the pieces

As many Shanghai residents rushed onto the streets this week to reunite with friends and pop champagne to celebrate the end of a two month-long lockdown, Li Menghua was busy packing up his hair salon, a casualty of the draconian quest to stamp out COVID-19.

Reuters

Shanghai's landmark park revived as COVID restrictions ease

Shanghai's landmark old city garden has sprung back to life as residents took advantage of the renewed sense of freedom following the easing of 2-month-old COVID-19 restrictions

The Independent UK

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Caixin Global

Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

The Japan News/Yomiuri

China's economy faces obstacles despite end of Shanghai lockdown

SHANGHAI -- The lockdown imposed on Shanghai has been lifted after two months, but there is little likelihood of economic activity returning to normal in the immediate future. Although the administration of Chinese President Xi Jinping is scrambling to deal with the aftermath of an approach that prioritized "zero-COVID" policies…

Reuters

In Shanghai, lockdown blues make way for COVID testing gripes

Shanghai residents' relief over the easing of a two-month COVID-19 lockdown is giving way to frustration as they face hours waiting in line for virus tests and must show negative results to be permitted to enter public spaces.

The Guardian - AU

Shanghai reportedly bans media use of the term ‘lockdown’ as lockdown ends

Leaked directive reportedly shows that Chinese media were ordered to describe the two-month restrictions as ‘static management-style suppression’

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Reason

Only the Constitution Stands Between Us and Shanghai-Style Lockdowns

It would be a mistake to see these lockdowns as a foreign oddity to be pitied and tweeted.

Caixin Global

As Lockdown Lifts, Shanghai Swarmed With Termites

Annual efforts to eradicate the property-damaging pests were disrupted by measures to control the city’s Covid-19 outbreak

The Independent UK

Shanghai starts coming back to life as COVID lockdown eases

Traffic, pedestrians and joggers are reappearing on the streets of Shanghai as China’s largest city begins returning to normalcy after a strict two-month COVID-19 lockdown that drew protests over its heavy-handed implementation

Caixin Global

Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

Asharq Al-Awsat

Oil Prices Nudge Higher on EU's Russian Oil Ban, End of Shanghai Lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT.

Reuters

Shanghai revives after two-month COVID lockdown, wary of a new one

Shanghai sprung back to life on Wednesday after two months of bitter isolation under a ruthless COVID-19 lockdown, with shops reopening and people going back to offices, parks and markets, hoping to never go through a similar ordeal again.

Al Jazeera

Shanghai celebrates ‘new start’ after COVID restrictions eased

People venture out after two months stuck at home, but virus-related controls including regular tests will continue.

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