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The Latest Breaking News from Shanghai

Shanghai Disney remains closed because of COVID measures

The Shanghai Disney Resort does not have a confirmed date for when it will reopen, the company's website said on Monday.

Reuters

Alibaba mum on Singles Day sales

SHANGHAI: Alibaba Group has declined to reveal the final sales tally of its annual Singles Day shopping festival for the first time since it started the event in 2009, saying only that results were in line with last year.

Bangkok Post

China shortens quarantines as it eases some of its COVID rules

China on Friday eased some of its strict COVID rules, including shortening quarantines by two days for close contacts of infected people and for inbound travellers, and removing a penalty for airlines for bringing in too many cases.

Reuters

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China: Tesla Set New EV Export Record In October 2022

In October, Tesla improved local retail sales and export of electric cars produced at the Giga Shanghai plant, including a new export record.

InsideEVs

Chinese authorities ‘drop EU council chief’s speech criticising war in Ukraine’

European diplomats say Charles Michel video referring to Russia’s ‘illegal’ and ‘brutal’ invasion was withdrawn from trade fair

The Guardian - UK

China cancelled EU leader's address at opening of major trade expo

BEIJING/BRUSSELS: Chinese authorities behind a major trade expo in Shanghai pulled an opening ceremony address by the European Council president that was set to criticise Russia's "illegal war" in Ukraine and call for reduced trade dependency on China, diplomats said.

Bangkok Post

Exclusive-China cancelled EU leader's video address at opening of major trade expo - diplomats

Chinese authorities behind a major trade expo in Shanghai pulled an opening ceremony address by the European Council president that was set to criticise Russia's "illegal war" in Ukraine and call for reduced EU trade dependency on China, diplomats said.

Reuters

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China's COVID epicentre shifts to Guangzhou as outbreaks widen

New coronavirus cases surged in Guangzhou and other Chinese cities, official data showed on Tuesday, with the global manufacturing hub becoming China's latest COVID-19 epicentre and testing the city's ability to avoid a Shanghai-style lockdown.

Reuters

Shanghai Composite Index Rose 0.23% on Monday

Shenzhen Component Index closed up 0.18%

Caixin Global

Xi Jinping Repeats China’s Commitment to Opening-Up Policy

Chinese president reaffirms support for economic globalization and expansion of trade in remarks to international import expo in Shanghai

Caixin Global

China’s stock markets jump on hopes for end to ‘zero COVID’

Shares rise more than 7 percent in Hong Kong and 2.5 percent in Shanghai after report decrying ‘overly strict measures’.

Al Jazeera

Shanghai Composite Index Rose 2.43% on Friday

Shenzhen Component Index closed up 3.2%

Caixin Global

State Railway Operator Posts Record Loss on Covid Disruptions

Red ink increases 36% for the first three quarters, and profit almost vanishes for the cash-cow high-speed Beijing-Shanghai route

Caixin Global

I spent 10 days in a secret Chinese Covid detention centre

What I learnt when I was ‘taken away’ to an island quarantine facility in the middle of the night

Financial Times

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InsideEVs

Tesla China Engineers Go To Fremont Factory To Help Boost Production

Around 200 engineers and production staff from Tesla Shanghai, which recently achieved record production, will be coming to California, the first as early as this month.

Benzinga

Tesla Shifts China Factory Workers To US Plant, Complete European Approval For AstraZeneca's COVID-19 Shot, Tesla Eyes Cybertruck Commercialization Next Year: Top Stories Tuesday, Nov. 1

Bloomberg Tesla Migrates Shanghai Factory Workers To Boost US Plant Production

Reuters

Shanghai Disney visitors told to stay home after COVID case, Foxconn ups bonuses

Several Shanghai residents received fresh stay-at-home orders and mandatory testing notices on Tuesday as authorities raced to trace contacts linked to a COVID-positive woman whose visit to the city's Disney Resort prompted its temporary lockdown.

The Independent UK

Shanghai Disney guests kept in closed park for virus testing

Shanghai Disneyland has closed as a COVID-19 precaution and visitors temporarily kept in the park for virus testing

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Daily Mirror

Shanghai Disneyland 'locks panicked guests inside park' after new Covid outbreak

The closure marks the latest disruption for the Shanghai Disney Resort, which was shut for over three months during Shanghai's lockdown earlier this year

Evening Standard

Shanghai Disney visitors trapped following sudden Covid-19 lockdown

Shanghai authorities said they were barring people from entering or exiting and that all visitors will need to wait for the results of their Covid tests before they can leave

The Guardian - UK

Visitors trapped in Shanghai’s Disney resort after lockdown announced

Videos appear to show guests rushing to locked gates as strict Covid restrictions return across China

Reuters

China COVID curbs hit iPhone output, shut Shanghai Disney

China's COVID-19 curbs forced the temporary closure of Disney's Shanghai resort on Monday, while production of Apple Inc iPhones at a major contract manufacturing facility could drop by 30% in November due to coronavirus restrictions, a source told Reuters.

Caixin Global

Shanghai Composite Index Fell 0.77% on Monday

Shenzhen Component Index finished nearly flat

WEKU

Shanghai Disney Resort will close indefinitely starting on Halloween due to COVID-19

Shanghai Disney Resort, which includes Shanghai Disneyland, shopping and dining facilities, will be closed indefinitely starting on Halloween due to the coronavirus pandemic.

ABC News

China's war on COVID-19 spurs expat exodus, but lockdowns are only part of the story

Pandemic measures are only part of the reason foreigners are leaving China in droves. Many believe the spirit of openness that underpinned China's economic rise could be in terminal decline.

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