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The Latest Breaking News from Shanghai

Shanghai Composite Index Fell 1.35% on Wednesday

Shenzhen Component Index closed down 2.07%

Caixin Global

Shanghai Covid Death Toll Rises to 17

China reported seven Covid-19 deaths in Shanghai on Wednesday, raising the toll in the city to 17 fatalities as authorities struggled to rein in infections despite a grueling, weeks-long lockdown. The fast-spreading Omicron coronavirus variant has driven a huge spike in cases in the metropolis of 25 million people, and…

Asharq Al-Awsat

Shanghai allows 4million more out of homes as lockdown rules ease in China’s biggest city

Four million more people in Shanghai have been allowed to leave their homes as Covid restrictions ease, a health official has said.

Evening Standard

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Shanghai hopes COVID tide turning, with fewer cases outside quarantine areas

China's commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts on Wednesday, fanning hopes that the tide is turning in its pandemic battle, as some factories began to return to work.

Reuters

China internet censors scramble as lockdown frustration sparks ‘creative’ wave of dissent

Experts say volume of dissent from Shanghai over zero-Covid measures challenging attempts to control information

The Guardian - AU

Shanghai allows 4 million out of homes as virus rules ease

A health official says 4 million more people in Shanghai have been allowed to leave their homes as coronavirus quarantine rules ease

The Independent UK

Shanghai sees 7 COVID deaths on Tuesday

The Chinese financial hub of Shanghai said on Wednesday seven people infected with COVID-19 died on the previous day.

Reuters

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Here's How Much Tesla's Giga Shanghai Shutdown Will Impact The EV Maker

Tesla Inc.

Benzinga

Tesla Restarts Production At Giga Shanghai, Workers Sleeping At Factory

Tesla will provide each worker with a mattress and sleeping bag. Shower areas, meals, and entertainment will also be provided as workers stay at the factory.

InsideEVs

Fear, paranoia, anger – this is life under China’s zero-Covid strategy

The threat of Omicron in no way justifies this draconian response, says a British writer living near Shanghai

The Guardian - UK

Locked down Shanghai reports seven more Covid deaths amid growing concern

The outbreak is being driven by the highly transmissible Omicron variant and has resulted in the city's 25 million residents being confined to their homes since late-March

Irish Mirror

Shanghai prepares to ease Covid lockdown as factories reopen

Authorities in city of 25 million people hope to limit transmissions to quarantine facilities by Wednesday

The Guardian - AU

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.5%

Caixin Global

Oil Rises as Libya Outage Adds to Supply Woes

Oil prices rose on Tuesday as investors fretted over tight global supply after Libya was forced to halt some exports and as factories in Shanghai prepared to reopen post a COVID-19 shutdown, easing some demand worries. Brent crude futures rose 61 cents, or 0.5%, to $113.77 a barrel at 0349…

Asharq Al-Awsat

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Reuters

Shanghai urges cooperation with COVID tests amid rising scepticism

The Chinese city of Shanghai on Tuesday pleaded for public cooperation with a massive new push to test most of the population for COVID-19 as it tries to bring community transmission down to zero after nearly three weeks of lockdown.

Al Jazeera

Locked down Shanghai reports seven more COVID-19 deaths

Latest victims were aged between 60 and 101 and had not been vaccinated, according to officials.

Asharq Al-Awsat

Shanghai Reports 7 More Covid Deaths Since Start of Lockdown

China reported seven more deaths from Covid-19 in Shanghai on Tuesday, after hundreds of thousands of cases in the metropolis during a weeks-long lockdown. City authorities revealed the first deaths of this outbreak on Monday, with Tuesday's fatalities bringing the official toll to just 10, even as the virus continues…

The Times of India

Shanghai reports seven more Covid deaths as virus situation remains grim

BEIJING: Shanghai reported seven more deaths due to Covid-19 as the Chinese financial hub grapples with a record outbreak, taking the total death toll in the country to 4,648 with over 21,400 new cases, most of them from the city.

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Reuters

Analysis-China's Xi sticks with COVID stance despite anger, economic headwinds

For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink.

The Guardian - UK

My life in Shanghai’s never-ending zero-Covid lockdown

A resident in the Chinese megalopolis describes the desperation – and the humanity – of three weeks in strict quarantine

Caixin Global

Top Automaker SAIC Moves to Resume Production in Shanghai

Preparations after three weeks of Covid lockdowns focus on ensuring personnel and supply chains with virus-control measures

The Independent UK

China’s economy shows signs of slowdown amid strict Covid lockdowns

Shanghai effectively sealed off for weeks as China attempts to contain latest outbreak

Daily Mirror

Bin bags full of cats seen in Shanghai as police 'killing pets whose owners have Covid'

WARNING DISTRESSING CONTENT. Officials in Shanghai, China, have been rounding up and killing pets belonging to residents who test positive for Covid, as other people are kept in 'quarantine camps' where lights remain on 24/7

Benzinga

Tesla Shanghai Workers Forced To Live 24/7 At Reopened Factory: Report

Employees at Tesla Inc.’s (NASDAQ: TSLA) reopened Shanghai factory will be forced to live at the worksite under strict health protocols as the Shang

Benzinga

Mizuho Slashes Qualcomm Price Target - Read Why

Mizuho analyst Vijay Rakesh lowered the price target on Qualcomm Inc (NASDAQ:QCOM) to $185 from $210 (35.1% upside) and kept a Buy rating. The first half of 2022 brings "multiple headwinds" to China handset manufacturers from weaker 5G demand, extended COVID lockdowns, and a more competitive Apple Inc (NASDAQ:AAPL) iPhone. The headwinds are driving potentially increased radio…

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