The Latest Breaking News from Shanghai

BEIJING: After six weeks of confining people to their homes, enduring food shortages and the constant fear of being forcibly hauled away, Shanghai's lockdown appears to have an end date. But China's increasingly fraught battle with Covid-19 is far from over.

Can China have it both ways? Can it keep out Covid-19 and maintain robust growth in the run-up to a crucial Communist Party congress in the autumn, one that could make Xi Jinping president for life? Beijing seems to think the answer is yes as it doubles down on coronavirus…

Camtek Ltd (NASDAQ:CAMT) reported first-quarter FY22 revenue growth of 35% year-on-year to $77.17 million, marginally beating the consensus of $77 million. The non-GAAP gross margin expanded 130 bps to 52%. The non-GAAP operating margin expanded by 160 bps to 28.8%. Non-GAAP EPS of $0.44 missed the consensus of $0.45. The company held $428.3…

Tesla’s massive Shanghai ‘Giga-factory’ pushes its workers to the limit to meet production targets amid an ongoing pandemic lockdown

Shenzhen Component Index closed down 0.13%

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.

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

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

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.