The Latest Breaking News from Shanghai

Tesla Giga Shanghai Resumes Production After 48-Hour Halt: Report

Tesla Inc (NASDAQ: TSLA) on Friday resumed production at Giga Shanghai following a two-day suspension, Reuters reported, citing people familiar with

Benzinga · Mar 18, 2022

Tesla Attempts To Resume Production At Shanghai Factory

Tesla Inc (NASDAQ:TSLA) tried to keep production going at its Shanghai factory while complying with China's COVID-19 precautions, Reuters reports. The U.S. electric vehicle maker recently halted production at its Shanghai factory for two days as China looked to curb the country's latest resurgence. Tesla admitted cooperating with the government's requirements for nucleic acid…

Benzinga · Mar 17, 2022

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

Caixin Global · Mar 17, 2022

Chinese markets slump over fears of how Covid-19 lockdowns will hurt economy

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of…

France 24 · Mar 15, 2022

Chinese virus cases climb, raise threat of trade disruption

Anti-virus controls have forced auto and electronics makers to shut factories in China and are raising risks of wider disruptions if the curbs spread to Chinese ports that are among the world’s busiest

The Independent UK · Mar 15, 2022

Shanghai official rules out need for COVID lockdown at the moment

China's financial hub of Shanghai is not under lockdown, and does not need one "at the moment" to minimise the disruption to people's daily lives from the COVID-19 outbreak, state television quoted a city government official as saying.

Reuters · Mar 15, 2022

Nearly 30 Million Under Lockdown in China as Virus Surges

Nearly 30 million people were under lockdown across China on Tuesday, as surging virus cases returned mass tests and hazmat suited health officials to city streets on a scale not seen since the start of the pandemic. China reported 5,280 new Covid-19 cases on Tuesday, more than double the previous…

Asharq Al-Awsat · Mar 15, 2022

Yum China Stock Slides As COVID-19 Resurgence Disrupts Operations

Yum China Holdings Inc (NYSE:YUMC) said its first-quarter fiscal 2022 operations are significantly impacted by the highly transmissible Omicron variant causing outbreaks across China, including economically important regions of Guangdong, Shanghai, Shandong, and Jilin. The company noted quarter-to-date case counts for 2022 have surpassed that of the full year 2021.  Yum China's same-store…

Benzinga · Mar 14, 2022

Seventeen million Chinese go back into lockdown as Covid cases surge

Seventeen million people in the Chinese technology industry hub of Shenzhen began their first full day under lockdown on Monday, with restrictions also imposed in Shanghai and other major cities in an effort to halt a major threat to the nation's zero-tolerance Covid strategy.

Radio France Internationale · Mar 14, 2022

China's worst COVID-19 outbreak in two years shuts down major cities

China's government is responding to a spike in coronavirus infections by shutting down its southern business centre of Shenzhen and restricting access to Shanghai.

ABC News · Mar 14, 2022