The Latest Breaking News from Shanghai

Shanghai authorities turning residential buildings into COVID-19 isolation facilities, sparking anger

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.

ABC News · Apr 15, 2022

Xi moves to stop Shanghai COVID rage from sweeping across China

BEIJING — President Xi Jinping now has a bigger problem than stopping COVID-19 infections: quelling escalating anger in Shanghai before it spreads across China, creating a wider crisis of confidence in the Communist Party.

Tribune News Service · Apr 15, 2022

Alibaba Tech VP Mocks China's Covid Policies; Clarifies Not Resigning

Alibaba Group Holding Ltd's (NYSE:BABA) VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports. Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation…

Benzinga · Apr 14, 2022

Uniqlo Owner Sees Big Profit Drop in China Due to COVID Restrictions

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…

Asharq Al-Awsat · Apr 14, 2022

Shanghai Composite Index Rose 1.22% on Thursday

Shenzhen Component Index closed up 1.27%

Caixin Global · Apr 14, 2022

Shanghai cases hit record as Xi reiterates urgency of COVID curbs

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.

Reuters · Apr 14, 2022

Xi Jinping: China must stick to 'Covid Zero' even as costs mount

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.

The Times of India · Apr 14, 2022

Xi says China must stick to COVID zero tolerance policy even as 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.

Tribune News Service · Apr 14, 2022

Shanghai's messy COVID-19 lockdown forcing foreign workers to rethink life in China's financial hub

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.

ABC News · Apr 13, 2022

Elon Musk, Tesla Silent On Well-Being Of Locked Down Shanghai Workers

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…

Benzinga · Apr 13, 2022