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The Latest Breaking News from Shanghai

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

Benzinga

China’s Capital in Race to Detect COVID Cases, Avoid Shanghai’s Distress

Millions of people in Beijing took their second COVID-19 tests of the week on Wednesday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiraling into a crisis like the one the locked-down city of Shanghai is enduring. Evidence that Shanghai's month-long isolation has become…

Asharq Al-Awsat

Beijing braces for COVID lockdown with mass testing and panic buying

One woman bought enough food for three months.

Axios

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Shanghai Composite Index Rose 2.49% on Wednesday

Shenzhen Component Index closed up 4.37%

Caixin Global

Shanghai seeks 'societal zero COVID' with rounds of testing

Shanghai city authorities said Wednesday they will start rounds of testing over the next few days to determine which neighborhoods are safe to allow a limited amount of freedom of movement

The Independent UK

China's capital in race to detect COVID cases, avoid Shanghai's distress

Millions of people in Beijing took their second COVID-19 tests of the week on Wednesday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiralling into a crisis like the one the locked-down city of Shanghai is enduring.

Reuters

Chinese police build CAGES around homes in world's strictest Covid lockdown

People living in the Chinese city woke up to 2-metre tall fences outside - and they aren't allowed to leave their homes even if they don't have Covid

Daily Mirror

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Global Airline Capacity Hits New Peak In 2022 As China Demand Recovers: Reuters

Despite lengthy lockdowns in Asia's largest aviation market, global airline capacity has risen to its highest level in 2022 this week owing to a rebound in Chinese domestic demand, Reuters reported, citing travel data firm OAG. According to OAG data, global airlines added 2.5 million seats in the week ending Monday,…

Benzinga

China’s Beijing orders mass COVID testing; lockdown fears grow

Residents of Beijing ‘extremely nervous’ about a Shanghai-style lockdown as authorities order mass COVID testing.

Al Jazeera

NSW mayor was ‘provided benefits’ by property developers, Icac hears

Canada Bay mayor Angelo Tsirekas allegedly received overseas trips in exchange for favourable council decisions, watchdog told

The Guardian - AU

Shanghai Composite Index Fell 1.44% on Tuesday

Shenzhen Component Index closed down 1.66%

Caixin Global

Beijing enforces mass COVID testing, closes neighborhoods

Beijing was enforcing mass testing and closing down access to neighborhoods as China’s capital sought to contain a new COVID-19 outbreak

The Independent UK

Beijing Expands Mass Testing as Lockdown Fears Grow

Beijing on Tuesday launched mass coronavirus testing for nearly all its 21 million residents, as fears grew that the Chinese capital may be placed under a strict lockdown like Shanghai. China is trying to contain a wave of infections in Shanghai -- its biggest city -- which has been almost…

Asharq Al-Awsat

Covid camps, fenced-off apartments and workers forced to sleep in factories — inside Shanghai’s lockdown

More than 25 million residents have been shut inside their homes for four weeks while officials battle to contain the city’s worst Omicron surge to date. As fences go up around housing blocks with no end to the lockdown in sight, Ed Tucker reports from China’s Covid frontline

Evening Standard

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Reuters

Beijing to test 20 million for COVID in bid to avert Shanghai lockdown misery

Three-quarters of Beijing's 22 million people lined up for COVID-19 tests on Tuesday as authorities in the Chinese capital raced to stamp out a nascent outbreak and avert the debilitating city-wide lockdown that has shrouded Shanghai for a month.

Tribune News Service

Xi puts ideology before economy with market-busting lockdowns

China’s worst equity selloff since early 2020 reflects a growing concern about President Xi Jinping: He can’t afford the political costs of shifting from a COVID Zero strategy that is pummeling the economy.

Caixin Global

Editorial: Resumption of Work and Production Not Solely in the Hands of Enterprises

Governments at all levels should issue practical policies to coordinate the fight against Covid-19 and promote economic development

Caixin Global

Shanghai Composite Index Fell 5.13% on Monday

Shenzhen Component Index closed down 6.08%

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Al Jazeera

‘Pearl lost its shine’: Shanghai expats eye exit over COVID rules

Outrage over draconian lockdowns is raising questions about city’s status as a global business hub.

The Guardian - AU

Covid lockdown fears spark panic buying in Beijing as largest district begins mass testing

Residents hope to avoid Shanghai-style shortages as Chinese authorities rush to stamp out outbreak in the capital

Reuters

'Shanghai was a lesson': Beijing residents hit the stores amid COVID lockdown fears

A mass COVID-19 testing order in Beijing's biggest district prompted residents in the Chinese capital to stock up on groceries, fearing they could be destined for a lockdown similar to that of Shanghai, which entered a fourth week of bitter isolation.

Asharq Al-Awsat

Oil Slides to Near 2-week Lows as Shanghai Lockdowns Stoke Demand Worries

Oil prices slumped to near two-week lows on Monday, extending losses from last week, as concerns grew that prolonged COVID-19 lockdowns in Shanghai and potential US rate hikes would hurt global economic growth and fuel demand. Brent crude futures were down $3.15, or 3.0%, at $103.50 a barrel by 0326…

Asharq Al-Awsat

Beijing Covid Spike Prompts Mass Testing, Panic Buying

Fears of a hard Covid lockdown sparked panic buying in Beijing on Monday, as long queues for compulsory mass testing formed in a large central district of the Chinese capital. China is already trying to contain a wave of infections in its largest city Shanghai, which has been almost entirely…

The Times of India

Lockdown jitters hit Beijing as Shanghai Covid deaths climb

BEIJING: China’s coronavirus outbreak worsened as rising cases in Beijing sparked jitters about an unprecedented lockdown of the capital, with policy makers racing to avert a Shanghai-style crisis that’s already wrought havoc on the financial hub.

Reuters

Beijing shoppers throng stores as district starts mass testing

Beijing residents snapped up food and other supplies as the city's biggest district began mass COVID-19 testing of all residents on Monday, prompting fears of a Shanghai-style lockdown after dozens of cases in the capital in recent days.

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