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The Latest Breaking News from Shanghai

Shanghai makes way towards COVID lockdown exit, Beijing plays defence

Shanghai cautiously pushed ahead on Saturday with plans to restore part of its transport network in a major step towards exiting a weeks-long COVID-19 lockdown, while Beijing kept up its defences in an outbreak that has persisted for a month.

Reuters

As Omicron Subsides, Dada Nexus Could Be Riding Into E-Commerce Gilded Era

Key takeaways: • Dada Nexus’ revenue grew strongly in the first quarter, after excluding the impact of a change to the way it pays riders for certain delivery services

Benzinga

Shanghai Starts Lifting Lockdown: What Is Tesla Going To Do With Its Employees?

Shanghai is emerging out of a six-week lockdown, although the easing of restrictions is being implemented gradually. Tesla Inc (NASDAQ: TSLA) has planned to take a measured approach with respect to Giga Shanghai reopening, according to a report.

Benzinga

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CanSino Shares Jump After WHO Gives Nod to Its Covid-19 Vaccine

Tianjin-based company’s stock closes up 12.14% in Shanghai and 9.78% in Hong Kong

Caixin Global

Shanghai Composite Index Rose 1.6% on Friday

Shenzhen Component Index closed up 1.82%

Caixin Global

Locked-down Shanghai finds new cases, breaking "zero COVID" streak

Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday and imposed stricter curbs in two districts, but did not signal any change to the planned end of a prolonged city-wide lockdown on June 1.

Reuters

Non-urgent elective procedures delayed in Queensland amid dye shortage caused by China's COVID-19 lockdown in Shanghai

COVID lockdowns in Shanghai spark a world wide shortage of contrast dyes used in CT scans, with Queensland Health announcing some non-urgent elective procedures will be postponed.

ABC News

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China's international schools hit by exodus of teachers dejected by COVID curbs

After teaching for three years at an international school in Shanghai, Michael is preparing to break his contract and leave, worn down by stringent measures against the coronavirus.

Reuters

Shanghai Authorities Say Normal Life Might Resume in Mid-June. COVID Lockdown Started in March.

China's "COVID zero" policy looks a lot like house arrest for Shanghai's 25 million residents who are only just now beginning to experience glimmers of freedom.

Reason

Yan Palace Flocks To Shanghai As China's First Bird's Nest Stock

Key Takeaways: Yan Palace has filed for a Shanghai IPO that would make it the first listed maker of health food products based on traditional bird nests

Benzinga

Shanghai to reopen subways in slow easing of Covid lockdown

Shanghai has taken steps to begin easing its draconian lockdown, including by opening four of its subway lines on Sunday.

Evening Standard

Shanghai is expected to reopen some subways as it eases COVID restrictions

The lockdown of China's largest city has dealt a blow to the economy and frustrated residents.

WEKU

Shanghai Composite Index Rose 0.36% on Thursday

Shenzhen Component Index closed up 0.37%

Caixin Global

Shanghai to reopen subways in easing of COVID restrictions

The locked-down Chinese metropolis of Shanghai will reopen four of its 20 subway lines Sunday as it slowly eases pandemic restrictions that have kept most residents in their housing complexes for more than six weeks

The Independent UK

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Asharq Al-Awsat

Oil Prices Recoup Early Losses on China Hopes, Global Supply Fears

Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth. Brent crude futures for July were up $1.53, or 1.4%, at $110.64 a barrel at…

Reuters

Some in Shanghai allowed out to shop; end of COVID lockdown in sight

More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities set out more plans for exiting the city-wide COVID-19 lockdown more fully.

Reuters

More work to resume in Shanghai's zero-COVID areas from June

The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations from the beginning of June, a deputy mayor said on Thursday as the city looks forward to the end of lockdown.

The Guardian - AU

Photographer Luo Yang captures rare glimpse of China’s ‘brave and free’ youth

The Shanghai-based photographer Luo Yang has been documenting Chinese youth for more than a decade

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Daily Record

Lanarkshire graduates prepare to showcase their trade skills as they compete in China

The pair are part of the 39-strong Team UK travelling to Shanghai in October.

Asharq Al-Awsat

Oil Prices Edge Up on China Demand Recovery Expectations, Tight Stocks

Oil prices edged up on Wednesday on expectations that easing COVID-19 restrictions in China will push up demand and as industry data showed drawdowns in US crude inventories. Brent crude was up 23 cents, or 0.2%, at $112.16 a barrel at 0633 GMT, while US West Texas Intermediate (WTI) crude…

Caixin Global

Shanghai Composite Index Fell 0.25% on Wednesday

Shenzhen Component Index closed down 0.2%

Reuters

'Huge' pressure for Shanghai to stay COVID-free as lockdown end nears

Health authorities in Shanghai faced "huge" pressure to keep China's most populous city free of COVID-19 as residents were counting down the days until June 1 when their lockdown is set to end after almost two months of isolation.

Bangkok Post

Explainer: Is Thai supply chain anchored to China?

China's Covid containment measures, especially in the world's largest port city of Shanghai, have influenced Thailand's supply chain security and could cast a shadow on local manufacturers' decisions in the medium term.

Caixin Global

Shanghai Says It Has Stopped Community Spread of Covid

The milestone fulfills a key condition for completely lifting a weeks-long lockdown that has sparked public anger, battered business

The Independent UK

Beijing locks down more people in China's 'zero-COVID' fight

Authorities in Beijing are restricting more residents to their homes in a now 3-week-long effort to control a small but persistent COVID-19 outbreak in the Chinese capital

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