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The Latest Breaking News from Shanghai

Mizuho Slashes Qualcomm Price Target - Read Why

Mizuho analyst Vijay Rakesh lowered the price target on Qualcomm Inc (NASDAQ:QCOM) to $185 from $210 (35.1% upside) and kept a Buy rating. The first half of 2022 brings "multiple headwinds" to China handset manufacturers from weaker 5G demand, extended COVID lockdowns, and a more competitive Apple Inc (NASDAQ:AAPL) iPhone. The headwinds are driving potentially increased radio…

Benzinga · Apr 18, 2022

Inside Shanghai quarantine centres with 24-hour lights and no hot showers

Thousands in Shanghai who test positive for Covid but have few or no symptoms are being ordered into quarantine centres

The Independent UK · Apr 18, 2022

Doyle McManus: The cost of China's harsh 'zero COVID' policy? Human suffering and economic damage

The stories from Shanghai, a city of 25 million entering its fourth week of COVID-19 lockdown, have been harrowing.

Los Angeles Times · Apr 18, 2022

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Shanghai Composite Index Fell 0.49% on Monday

Shenzhen Component Index closed up 0.37%

Caixin Global · Apr 18, 2022

COVID-shaming pits neighbour against neighbour in locked-down Shanghai

The tensions of lockdown have exposed divisions among Shanghai residents, pitting young against old, locals against outsiders, and above all, COVID-negative against COVID-positive people.

Reuters · Apr 18, 2022

Shanghai reports 1st deaths from current COVID-19 outbreak

Officials say three people have died from COVID-19 in Shanghai, in the first reported deaths of the latest outbreak in China's most populous and wealthiest city

The Independent UK · Apr 18, 2022

China Economy Grows 4.8% in 1st Quarter as Virus Bites

China's economy grew 4.8 percent in the first quarter, the National Bureau of Statistics said Monday, warning of "significant challenges" ahead as a resurgence of the coronavirus threatens Beijing's ambitious annual target. The world's second-biggest economy was already losing steam in the latter half of last year with a property…

Asharq Al-Awsat · Apr 18, 2022

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Shanghai Reports 1st COVID Deaths Since Start of Lockdown

Shanghai on Monday said three people had died from COVID-19, the first official announcement of deaths from an outbreak which has plunged the megacity into a weeks-long lockdown, sparking widespread anger and rare protests. Since March, a patchwork of restrictions has kept most of the city's 25 million residents confined…

Asharq Al-Awsat · Apr 18, 2022

Shanghai records first official Covid deaths since lockdown imposed

Three fatalities were one woman aged 89 and two 91-year-olds, highlighting concerns about low vaccination rates among elderly

The Guardian - AU · Apr 18, 2022

China’s growth beats forecasts, but COVID, Ukraine risks grow

Stronger-than-expected figures cover only a small period of ongoing ultra-strict lockdown in Shanghai.

Al Jazeera · Apr 18, 2022

Australians under lockdown in Shanghai fear family separation as city reports first COVID deaths

Australians living under Shanghai's strict COVID lockdown say taking infected children away from their parents is "inhumane".

ABC News · Apr 18, 2022

Shanghai quarantine: 24-hour lights, no hot showers

Thousands of people in Shanghai who test positive for the coronavirus but have few or no symptoms are being ordered into quarantine centers in exhibition halls and other buildings

The Independent UK · Apr 18, 2022

Shanghai’s lockdown protests reveal tensions over zero-Covid

China’s determination to enforce zero-Covid policies is pushing its vast, bustling financial hub to breaking point

The Guardian - UK · Apr 17, 2022

Shanghai targets lockdown turning point by Wednesday - sources

Shanghai has set a target to stop the spread of COVID-19 outside of quarantined areas by Wednesday, two people familiar with the matter said, which would allow the city to further ease its lockdown and start returning to normal life as public frustrations grow.

Reuters · Apr 17, 2022

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Bangkok Post · Apr 16, 2022

Lockdowns affecting 373 million Chinese

About 373 million people in 45 cities across China have come under some form of lockdown due to a surge in coronavirus cases, according to estimates by a Nomura International analysts in Hong Kong.

Caixin Global · Apr 16, 2022

Weekly Must-Read: China Slashes Quarantines for Travelers in Covid Control Trial

International arrivals will face 10 days of isolation instead of 14 in four-week test involving Shanghai, Guangzhou and six other cities

Chicago Tribune · Apr 16, 2022

China’s surge proves the folly of trying to achieve ‘zero-COVID-19′

From the outset, mystery has shrouded the COVID-19 pandemic in China. The origin of the virus remains unknown, important Chinese journalists and key scientists have been muted, and case and death totals reported by China’s government have been unbelievably low — the United States and most of Western Europe have…

Reuters · Apr 16, 2022

More Chinese cities tighten controls as Shanghai COVID cases rise

Shanghai reported a record number of symptomatic COVID-19 cases on Saturday and other areas across China tightened controls as the country kept up its "dynamic clearance" approach that aims to stamp out the highly transmissible Omicron variant.

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ABC News · Apr 15, 2022

Shanghai is China's richest city. But even billionaires and celebrities aren't safe from its extreme lockdown

As Shanghai enters its fourth week of lockdown, Chinese elites are finding themselves trapped by extreme COVID measures in a city where the welfare of lower-income residents remains unknown.

Daily Mirror · Apr 15, 2022

Chinese cops in hazmat suits seize people's HOMES in world's strictest Covid lockdown

Shanghai is struggling with over 20,000 new Covid cases a day - and residents have been ordered out of their flats to make way for positive coronavirus patients

InsideEVs · Apr 15, 2022

Tesla's Giga Shanghai May Restart Production April 18

Tesla was forced to shut down its Gigafactory in Shanghai on March 28. The freeze was recently extended, but sources confirm the goal is to reopen next week.

The Guardian - UK · Apr 15, 2022

Will China’s zero-Covid policy bring the world’s factory grinding to a halt?

Huawei executive warns of ‘massive losses’ in tech sector as tensions rise over strict lockdowns

Evening Standard · Apr 15, 2022

Shanghai residents and police clash after homes seized for Covid quarantine

Shanghai residents have been seen in a video wrangling with authorities in hazmat suits as anger and desperation at the city’s Covid lockdown continues.

Asharq Al-Awsat · Apr 15, 2022

Apple, Others Face Shipment Delays as China COVID Curbs Squeeze Suppliers, Say Analysts

Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China's COVID-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China's race to stop the spread of COVID-19 has jammed highways and…

Caixin Global · Apr 15, 2022

Shanghai Composite Index Fell 0.45% on Friday

Shenzhen Component Index closed down 0.56%

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