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The Latest Breaking News from Shanghai

Australians leave expat life in Shanghai due to harsh COVID lockdown measures

Vivian and her family have left their expatriate life in Shanghai, where millions of people have been in strict lockdowns due to COVID-19. She says she is lucky to be able to escape, but many are still struggling to leave.

ABC News

Troubles mount in China ahead of Xi's bid to stay in power

TAIPEI, Taiwan — When Xi Jinping strode into the Bird's Nest Olympic stadium in the winter, waving and bundled in a black jacket and mask, hundreds of Chinese spectators and performers cheered in what was meant to be the start of a victorious year for their nation's president.

Los Angeles Times

League of Legends team forced to replay matches they won after technical fault

In a post, Riot explained that the consistent 35 ping from Shanghai was meant to be matched in Busan for teams playing against RNG. Unfortunately, the emulation of this ping level in Busan was not consistent, leading to teams having variable ping against RNG.

USA Today Sports Media Group

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As Shanghai nears end of lockdown, China's Covid angst grows

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.

The Times of India

China doubles down: Can Xi Jinping stick to zero-Covid policy?

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…

France 24

Shanghai Composite Index Rose 0.96% on Friday

Shenzhen Component Index closed up 0.59%

Caixin Global

Shanghai will try to ease 7-week virus lockdown in few days

An official says Shanghai will try again to reopen in a few days after it has eliminated COVID-19 transmission among the population at large

The Independent UK

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Shanghai aims to defeat COVID over next week as Beijing hunkers down

Locked-down Shanghai aims to ringfence its COVID outbreak over the next week, officials said on Friday, while residents in China's capital Beijing largely heeded the advice of authorities to work from home to stem the virus' spread.

Reuters

Parcel Delivery Services in Shanghai Make Slow Comeback

Volume reaches 1 million packages daily — a sixth of normal capacity — as authorities clear more services to resume after month of Covid lockdowns

Caixin Global

Camtek Clocks 35% Revenue Growth In Q1 Backed By Robust Order Flow Amid China's Covid Lockdown, Global Tensions

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…

Benzinga

Elon Musk praises Chinese workers for ‘burning the 3am oil’ – here’s what that really looks like

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

The Guardian - US

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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Financial Times

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

Reuters

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.

ABC News

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.

InsideEVs

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.

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Caixin Global

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

Benzinga

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.

Evening Standard

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

WEKU

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.

Caixin Global

Shanghai Composite Index Rose 0.75% on Wednesday

Shenzhen Component Index closed up 1.8%

Al Jazeera

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

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

The Guardian - AU

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

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