Shanghai

Shanghai, which is aiming for a June 1 complete exit from a stringent city-wide lockdown, is gradually and cautiously unwinding COVID curbs

Neighbourhood committees around the city are imposing strict curbs on movement, including limits on who can leave their apartment blocks and for how long amid concerns about a rebound in cases

China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best protection against Covid

China's economic miracle rested partly on cheap and abundant coal power. But since last year local officials have been allowed to raise electricity tariffs for industrial users

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as the region's major markets traded in the red. Oil rose and gold extended its recent gains

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis

Brent crude futures rose 82 cents to $113.37 a barrel at 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 69 cents

Shanghai cautiously works to restore transport services; Shanghai reports mostly zero new community cases this week; Beijing on edge as new infections keep appearing

Despite Beijing's claim of a 'Zero Covid-19 Policy' in the country, the covid cases in China have been witnessing a surge on a regular basis

Shanghai's lockdown since the beginning of April has dealt a heavy economic blow to China's most populous city, stirred debate over the sustainability of the nation's zero-COVID policy

China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2019

The city will also restart 273 bus lines connecting major urban centers, airports, train stations and hospitals as it resumes cross-district public transit

Officials are wary of the danger of new flare-ups of infection in their high-stakes effort to gradually re-open and are planning to keep most residents largely indoors this month

Calculations based on International Monetary Fund projections show China's expected average annual contribution to global economic growth through to 2027 at about 29%

Despite no new cases, authorities are not lifting the lockdown immediately, instead gradually easing restrictions until the start of next month

The commercial hub of 25 million achieved a fourth consecutive day without any new infections in the community, holding on to its prized "zero Covid" status

Most of Shanghai has stopped the spread of the coronavirus in the community and fewer than 1 million people remain under strict lockdown, authorities said Monday, as the city moves toward reopening

About half of the 9,000 biggest industrial enterprises in Shanghai are back at work after controls that shut down most of the city starting in late March eased

Data on Monday showed China's industrial output fell 2.9% in April from a year earlier, down sharply from a 5.0% increase in March

Shanghai also reported four new deaths due to the infection in last 24 hours