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The Latest Breaking News from Shenzhen

How China's Zero-COVID Policy Is Taking A Toll On Its Economy

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse impact on the country’s economic recovery, Beijing continues to stick to it, dismissing suggestions that China should learn to live with the virus as other nations do.

Benzinga

Shanghai Composite Index Fell 0.82% on Wednesday

Shenzhen Component Index closed down 1.6%

Caixin Global

Shanghai Composite Index Rose 1.46% on Tuesday

Shenzhen Component Index closed up 2.05%

Caixin Global

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Here's How This Key Nio Supplier Looks To Tide Through China's Covid Crisis

Critical NIO Inc (NYSE:NIO) supplier Contemporary Amperex Technology Co. Ltd has implemented a closed-loop for workers at its main China factory in China, Bloomberg reports. The closed-loop helped the leading EV battery maker avoid the kind of Covid-19 shutdowns which are hurting Tesla Inc (NASDAQ:TSLA) and Volkswagen AG (OTC:VWAGY). Also Read: Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses CATL looked…

Benzinga

Shanghai Composite Index Fell 2.61% on Monday

Shenzhen Component Index closed down 3.67%

Caixin Global

Shanghai Composite Index Rose 0.47% on Friday

Shenzhen Component Index closed down 0.11%

Caixin Global

Shanghai Composite Index Fell 1.42% on Thursday

Shenzhen Component Index closed down 1.65%

Caixin Global

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.45%

Caixin Global

Shanghai Composite Index Rose 0.94% on Friday

Shenzhen Component Index closed up 0.91%

Caixin Global

Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 1.19%

Caixin Global

Here's How Arm Looks To Speed Up Its US IPO

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd, looks to transfer shares in its China joint venture to a SoftBank special purpose vehicle to speed up its U.S. IPO, the Financial Times reports. SoftBank will hold 28% of Arm China after the transfer, Bloomberg reports. Arm will hold less than 20% of Arm China and treat it…

Benzinga

Shanghai Composite Index Rose 1.96% on Wednesday

Shenzhen Component Index closed up 3.1%

Caixin Global

Huawei's 2021 Annual Report Shows Sales Plunge While Profits Sore, Despite US Crackdown

Chinese giant telecom equipment maker Huawei released its 2021 annual report on Monday revealing that sales fell but profit rose. Chief financial officer Meng Wanzhou, appeared at a press conference in Shenzhen to announce the company’s annual results for the first time since being held in Canada in 2018.

Benzinga

Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

Caixin Global

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Bangkok Post

All eyes on China

China's zero-Covid policy has lasted for nearly two years and faced a tough challenge last week as a flare-up triggered fresh lockdowns in several industrial cities in hard-hit northeastern Jilin province and southern technology hub Shenzhen.

Caixin Global

Shanghai Composite Index Fell 1.17% on Friday

Shenzhen Component Index closed down 1.89%

Benzinga

US Goods Risk Delay As China's Lockdowns Heightens Shipping Port Jams: Bloomberg

The key Chinese ports of Shenzhen and Hong Kong face congestion, which rose to the highest level in five months due to COVID-19 lockdowns. It could pose possible delays to goods heading to the U.S. this summer, reported Bloomberg. Ryan Closser, a director at FourKites, states, “Shenzhen is the second-busiest port…

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Caixin Global

Shanghai Composite Index Fell 0.63% on Thursday

Shenzhen Component Index closed down 0.83%

Caixin Global

Shanghai Composite Index Rose 0.34% on Wednesday

Shenzhen Component Index closed up 0.73%

Caixin Global

Baoneng Chairman Yao Zhenhua Is Not Missing, Despite Court Statement

Debt-laden property and financial services conglomerate posts a picture of Yao at a Shenzhen factory in response to court declaration his whereabouts were unknown

Caixin Global

Shanghai Composite Index Rose 0.19% on Tuesday

Shenzhen Component Index closed down 0.49%

Caixin Global

Shanghai Composite Index Rose 0.08% on Monday

Shenzhen Component Index closed up 0.41%

Reuters

China's Shenzhen city says lifts COVID curbs on offices, factories - CCTV

China's Shenzhen city said it would allow offices and factories to restart operations from Monday and that public transport would also resume, after residents in the city completed three rounds of COVID-19 testing, state broadcaster CCTV reported.

The Independent UK

Disney closes Shanghai park as virus rises, Shenzhen reopens

Disney Co. has closed its Shanghai theme park as Chinese authorities try to control the city’s biggest coronavirus flareup in two years, while the southern business center of Shenzhen allowed shops and offices to reopen after a weeklong closure

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