The Latest Breaking News from Shanghai

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…

The Japan News/Yomiuri · Jun 2, 2022

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.

Reuters · Jun 2, 2022

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’

The Guardian - AU · Jun 2, 2022

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.

Asharq Al-Awsat · Jun 1, 2022

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.

Reuters · Jun 1, 2022

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.

Al Jazeera · May 31, 2022

Celebrations at midnight as Shanghai reopens after draconian two-month COVID-19 lockdown

Small groups have gathered in Shanghai's former French Concession neighbourhood at midnight, whistling, shouting "ban lifted" and clinking glasses of champagne.

ABC News · May 31, 2022

China Youth Unemployment Crisis Leaves Tens of Millions Jobless

Covid lockdowns and the government campaign to rein in private tutoring and tech companies have made positions even harder to come by.

Businessweek · May 31, 2022

After Two Months, a Scarred Shanghai’s COVID-19 Lockdown Ends

Following two months of frustration, despair and economic loss, Shanghai's draconian COVID-19 lockdown ended at midnight on Wednesday morning, prompting celebrations tempered with fear that an outbreak could return. Most of Shanghai's 25 million residents can now freely leave home, return to work, use public transport and drive their cars…

Asharq Al-Awsat · May 31, 2022

ATRenew Starts the Year Off Strong, Braces for Covid Impact

Key Takeaways: ATRenew‘s revenue rose 45.7% in the first quarter to 2.2 billion yuan as both product and service revenues recorded strong gains   Company could benefit over the longer term from the rollout of China’s first guidelines for used electronics refurbishment by the city of Shenzhen in April

Benzinga · May 31, 2022