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.

BEIJING: China has censored an audio clip of an elderly man in Shanghai begging a local official for help seeing a doctor, a sign of the pressure confronting the government as it enforces an increasingly unpopular lockdown on the financial hub of 25 million people.

Separated by less than an arm's length, people at a quarantine facility in the Chinese city of Shanghai after testing positive for COVID-19 lie in rows of grey camp beds, suitcases and other belongings strewn next to them.

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.

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

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.