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The Latest Breaking News from Shanghai

Shanghai city to lift lockdown restrictions on June 1

Shanghai authorities will lift the city's two-month long lockdown from midnight on Wednesday, allowing private cars including taxis back on to the roads and people to freely move in and out of low-risk housing compounds.

Reuters

Factbox-Latest on the worldwide spread of the coronavirus

Streets in Beijing were busier on Monday as residents in two districts were allowed to return to work, while Shanghai inched closer towards lifting its two-month-old COVID-19 lockdown this week, as the number of cases across China fell.

Reuters

Shanghai Composite Index Rose 0.6% on Monday

Shenzhen Component Index closed up 1.04%

Caixin Global

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Asian stocks rise after Wall St breaks string of declines

Asian stocks are higher after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing

The Independent UK

Beijing man sends 5,000 people into quarantine after breaking Covid isolation

Actions spark angry reactions amid growing frustration with China’s zero-Covid policy though some restrictions begin to ease

The Guardian - AU

Asian stocks rise after Wall St breaks string of declines

Asian stocks are higher after Wall Street rebounded from a seven-week string of declines and China eased anti-virus curbs on business activity in Shanghai and Beijing

The Independent UK

COVID-hit Shanghai to end two-month lockdown on June 1

Shanghai on Monday announced an end to its two-month long COVID-19 lockdown, allowing the vast majority of people in China's largest city to leave their homes and drive their cars from Wednesday.

Reuters

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Zero-COVID, big money: China's anti-virus spending boosts medical, tech, construction

China's 'zero-COVID' policy of constantly monitoring, testing and isolating its citizens to prevent the spread of the coronavirus has battered much of the country's economy, but it has created bubbles of growth in the medical, technology and construction sectors.

Reuters

Shanghai eases return to work, moves to support economy

Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

Reuters

Shanghai to cancel restrictions to resume work, introduce policies to support economy

SHANGHAI: Shanghai authorities will cancel many conditions for businesses to resume work from Wednesday, a city official said on Sunday, easing a city-wide lockdown that began some two months ago, and will also introduce policies to support its battered economy.

Bangkok Post

Beijing, Shanghai ease COVID restrictions as outbreaks fade

Shoppers are returning to the malls of Beijing as the Chinese capital relaxes pandemic restrictions after declaring a small but persistent COVID-19 outbreak effectively under control

The Independent UK

Shanghai to lift 'unreasonable' curbs on firms, Beijing eases restrictions

Shanghai said on Sunday "unreasonable" curbs on businesses will be removed from June 1 as it looks to lift its COVID-19 lockdown, while Beijing reopened parts of its public transport as well as some malls and other venues as infections stabilised.

Reuters

Shanghai to ease some COVID testing requirements from June 1

Shanghai will ease COVID-19 testing requirements from June 1 for people who want to enter public areas or use public transport to encourage work resumption and a return to normal life, a city official said on Sunday.

Reuters

EV Week In Review: Tesla's Giga Shanghai Up And Running, Apple Car Dealt Further Blow, Nio's Rumored US Plans And More

EV stocks mostly advanced in the week ending May 27, with the broader market strength supporting the turnaround. Tesla, Inc. (NASDAQ: TSLA) snapped its four-week losing streak and rallied, while Fisker, Inc.

Benzinga

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Bangkok Post

Shanghai inches closer to reopening

SHANGHAI: China’s biggest city is inching toward gradual reopening from two months of gruelling Covid-19 lockdowns, while Beijing has said some mobility curbs would be loosened starting on Sunday.

Reuters

Shanghai edges towards COVID reopening as Beijing plans to ease curbs

The Chinese metropolis of Shanghai inched further towards a gradual reopening from two months of grinding COVID-19 lockdown, while officials in Beijing prepared to ease curbs in parts of the capital, saying on Saturday its outbreak was under control.

ABC News

As COVID-19 lockdowns continue, more young people are looking for ways out of China

A growing number of young people in China are looking to escape their country's COVID-zero policy, and it might have implications for Australian businesses.

Benzinga

Miniso Rides Into China Covid Storm With Forecast for First-Ever Revenue Contraction

Key Takeaways: Miniso said it expects its revenue to decline around 9% in the current quarter as many of its China stores have been forced to shut down during recent citywide lockdowns Company said nearly one-tenth of its China stores were closed in March, even as its smaller international operations…

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The Independent UK

Shanghai lockdown: Residents demand release, and some get it

Residents in China's largest city of Shanghai have become bolder in demanding the lifting or easing of coronavirus restrictions that have left millions locked up in their compounds for almost two months

Benzinga

Is Chinese EV Maker Nio Planning To Manufacture In US?

Nio, Inc. (NYSE: NIO) is reportedly planning to build its vehicles in the U.S., the CnEVPost reported, citing an exclusive report from Shanghai-based Chinese media outlet Yicai.

Benzinga

Toyota Cuts Production Plan For June Again

Toyota Motor Corp (NYSE:TM) has cut its June global production plan for the second time in a week due to the COVID-19 lockdown in Shanghai. The auto major cut production by 50,000 vehicles and now anticipates producing about 800,000 units in June. It has decided to suspend domestic factory line operations for the week…

Bangkok Post

Toyota cuts production to 800,000 vehicles

TOKYO: Japan's Toyota Motor Corp on Friday cut its global production plan for June for the second time this week, reducing its planned output by about 50,000 vehicles to 800,000, citing the Covid-19 lockdown in Shanghai.

Reuters

No work and nowhere to live: a rural migrant's ordeal in locked-down Shanghai

When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job.

Reuters

Shanghai takes baby steps towards ending COVID lockdown

Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions.

Caixin Global

Shanghai Composite Index Rose 0.5% on Thursday

Shenzhen Component Index closed up 0.57%

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