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The Latest Breaking News from Shanghai

China manufacturing weakens further as lockdowns continue

China’s manufacturing activity fell to a six-month low in April as lockdowns continued in Shanghai and other manufacturing hubs in an attempt to stem COVID-19 outbreaks

The Independent UK

Top Stories of the Month: Shanghai’s Rocky Road to Rebooting

China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce

Caixin Global

When this Shanghai building went into COVID lockdown, my WeChat message group blew up

For nine years, I lived in a giant apartment complex called the Summit with hundreds of other people in the city of Shanghai. Now my old neighbors are entering week six stuck inside.

WEKU

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Shanghai marks COVID milestone, Beijing on edge

Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking a milestone in its battle to contain the virus, which has paralysed the city of 25 million and put residents in the capital Beijing on edge.

Reuters

EXPLAINER: How China is using metal barriers to fight COVID

Several districts in Shanghai put up metal barriers last weekend as part of the city’s battle against a COVID-19 outbreak, in a move that drew protests and anger from some residents

The Independent UK

Shanghai reports zero cases outside quarantined areas for April 29

China's Shanghai reported zero COVID-19 cases outside its quarantined areas for April 29, the first time since the recent outbreak in the eastern financial hub, according to local health authorities.

Reuters

‘Like Wuhan all over again’: As Shanghai protests, China censors

Shanghai’s COVID-19 lockdown has fuelled outrage on a scale not seen since 2020 after the virus first began to spread.

Al Jazeera

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Shanghai Allows More Companies to Resume Operations

Amid continuing Covid lockdowns, Chinese industrial hub lists Huawei, Unisoc, YTO, Dow and Panasonic as good to go back to work

Caixin Global

China won't give up on its COVID zero policy. As a Beijing lockdown looms, experts explain why

Countries such as Australia and New Zealand have given up on trying to eliminate COVID-19, but China still refuses to learn to live with the virus. Here's why.

ABC News

China facing 'tsunami' of Omicron, says top official as Shanghai, Beijing battle to curb Covid spread

BEIJING: China is facing a"tsunami" of Omicron, a senior official said on Friday, as the country reported over 20,000 Covid-19 cases with its largest city Shanghai continuing to reel under lockdown for over three weeks while over 21 million people in capital Beijing underwent third nucleic acid test amid the…

The Times of India

China: Guangzhou Rushes to Quell COVID Outbreak

Authorities in the southern Chinese megacity of Guangzhou scrambled on Friday to quash a COVID-19 outbreak, imposing testing requirements on public transport, closing off some areas, and advising citizens against leaving the region. China is currently battling to contain the virus in several cities, with Shanghai residents simmering under a…

Asharq Al-Awsat

Arm Removes Significant Obstacle Hindering IPO Aspirations: FT

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is on the verge of regaining control of its defector China joint venture, the Financial Times reports. The development will remove a significant obstacle to SoftBank’s IPO ambitions for the U.K. chip designer. Arm holds a 47.3% stake in Arm China, while Chinese investment firm…

Benzinga

As China looks on at a world opening up, can Xi Jinping survive zero-Covid?

With 340m people living under lockdown or restrictions, the administration are sticking to their stance. But at what cost?

The Guardian - UK

Political stakes high as Beijing responds to virus outbreak

Beijing is starting to resemble other Chinese cities grappling with the highly contagious omicron variant of the coronavirus

The Independent UK

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Caixin Global

Shanghai Composite Index Rose 2.41% on Friday

Shenzhen Component Index closed up 3.69%

Reuters

'Entry only. No exit:' Beijing sees more COVID closures as anger grows in Shanghai

China's capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, while resentment at the month-long lockdown in Shanghai grew.

Reuters

More than 12 million in Shanghai can leave homes as COVID risk ebbs

As many as 12.38 million Shanghai residents, nearly half the population of China's financial hub, are now in lower-risk areas, meaning they can leave their homes, the government said on Friday.

Reuters

Expats flee as Shanghai's COVID lockdown drags

Shanghai's heavy-handed COVID-19 lockdown is driving scores of foreign residents to flee the commercial centre, denting the appeal of mainland China's most cosmopolitan city and prompting others to rethink their futures in the metropolis.

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ABC News

Beijing locals buy fridges, stockpile food after Shanghai residents warn COVID outbreak will 'get serious'

As health authorities continue mass testing nearly 22 million people in Beijing to curb a COVID-19 outbreak, the city's residents are stockpiling food and other basic goods.

France 24

Covid-19: China confronts dilemma of lockdown in Beijing as cases hit record high

Chinese authorities are seriously considering imposing a lockdown in Beijing as confirmed cases of Covid-19 in the country's capital topped 100 on Wednesday. But after a much-criticised month-long lockdown in Shanghai, such an option could have a very high economic and political cost.

Benzinga

Baidu Aims To Expand Robotaxi Service By 2025; Looks To Become Profitable In 3 Years

Search giant Baidu, Inc (NASDAQ:BIDU) plans to deploy cars without humans behind the wheel on Chinese roads for the first time, Bloomberg reports. Baidu looks to expand Apollo Go into 65 cities across China by 2025 and 100 cities by 2030. The ride-hailing platform currently has about 300 cars nationwide, with each vehicle…

Caixin Global

Wang Tao: How China’s Covid Lockdowns Will Impact Its Economy

Beijing may fine-tune its Covid policy gradually if met by staunch public resistance or severe economic losses, but when and how this change could occur remains the biggest macro uncertainty

Irish Mirror

Chinese city cancels flights and launches mass testing after one suspected Covid case

The city of Guangzhou has now begun mass testing of its 5.6 million residents as the country struggles to contain the virus

The Guardian - AU

Beijing halts weddings and funerals and closes schools in Covid fightback

Stockpiling rife as city acts in attempt to avoid Shanghai-style lockdown

Bangkok Post

Alibaba looks to expand SE Asian arm Lazada to Europe: sources

SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

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