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The Latest Breaking News from Shenzhen

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

Shanghai Composite Index Fell 0.45% on Friday

Shenzhen Component Index closed down 0.56%

Caixin Global

Covid Concerns Leave More Shenzhen Office Space Empty

About 77.8% of top class office space in the southern tech hub was leased at the end of March, a decline of 2.9 percentage points from the end of last year

Caixin Global

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Shanghai Composite Index Rose 1.22% on Thursday

Shenzhen Component Index closed up 1.27%

Caixin Global

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

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

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news in one place.

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Benzinga

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…

Caixin Global

Shanghai Composite Index Rose 1.96% on Wednesday

Shenzhen Component Index closed up 3.1%

Benzinga

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.

Caixin Global

Shanghai Composite Index Fell 0.33% on Tuesday

Shenzhen Component Index closed down 0.46%

Get all your
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…

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

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