The Latest Breaking News from Shanghai

Shenzhen Component Index closed down 0.56%

Authorities in Shanghai are converting residential buildings into quarantine centres to house a mounting number of COVID-19 cases, but the move is sparking anger and protests among neighbours who are worried they are being put at increased risk of infection.

Clothing brand Uniqlo's Japanese owner said on Thursday its China operation would report a large profit decline in the current fiscal year owing to the country's COVID-19 restrictions. Fast Retailing is a bellwether for how major global retailers are being impacted by COVID-related shutdowns in China, one of the biggest…

Shenzhen Component Index closed up 1.27%

China's financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, a new high, a day after President Xi Jinping said that the country must continue with its strict "dynamic COVID clearance" policy and pandemic control measures.

Chinese President Xi Jinping says his government will stick to its zero tolerance approach to COVID-19 even as public anger simmers in Shanghai and economic costs mount.

Shanghai authorities may be loosening one of the world's strictest lockdowns, but after weeks of uncertainty and food shortages, many foreign workers are considering leaving.

As the Shanghai region of China enters its third week of restrictive shutdown in the wake of a COVID-19 resurgence, Tesla Inc (NASDAQ: TSLA) has offered no update on the resumption of manufacturing from its Shanghai facility, nor has it provided any word on what it is doing to assist…

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do.