Page 7 - Shanghai

Much of China's Shanghai locked down as mass Covid-19 testing begins

China began locking down most of its largest city of Shanghai on Monday as part of its strict Covid-19 strategy, amid questions over the policy's economic toll on the country.

Asia shares dip, oil skids as Shanghai shutdowns amid Covid surge

Asian shares stalled and oil prices slid on Monday as coronavirus lockdown in Shanghai looked set to hit global activity, while throwing another wrench into supply chains

Shanghai denies lockdown rumours as daily Covid-19 infections near 1,000

Authorities to stick with a 'slicing and gridding' approach to screen neighbourhoods one by one, rather than shut down entirely.

China records more local Covid cases so far this year than in whole of 2021

China has reported more local symptomatic Covid cases so far this year than it recorded in all of 2021, as the highly transmissible Omicron variant triggers outbreaks from Shanghai to Shenzhen

Covid-19 pandemic: China shuts tech hub, 17 million put in lockdown

Shanghai had been spared a citywide order to stay at home, but individual housing compounds were being locked down

China tightens controls in Shanghai as more virus cases reported

Hong Kong leader Carrie Lam warned the territory's wave of infections may not have peaked despite stringent controls on travel and business

China shuts Shanghai schools, looks to divert flights as Covid returns

The Covid Zero strategy has helped keep the second-largest economy largely virus-free for much of the pandemic

China court freezes $157 mn of Evergrande assets over missed payments

Many suppliers and contractors have launched legal actions against Evergrande, the world's most indebted property developer with over $300 billion of liabilities, over missed or late payments

Shanghai cuts some tourism trips on Covid-19 cases again after resumption

Shanghai's tourism and culture authority said travel agencies and online tourism companies must once again halt organising group tours between Shanghai and other provinces

Shanghai metro solidifies status as world's longest, total length at 831 km

With two new metro lines set to go into operation on Thursday, the total length of Shanghai's metro network will extend to 831 km, continuing to be the longest in the world, according to authorities

Shanghai Tesla plant rolls out 400,000 vehicles in first 11 months of 2021

Deliveries at Tesla's Shanghai Gigafactory came in at 413,283 vehicles in the first 11 months of this year

Shanghai stainless steel futures fall on weak downstream demand

Other steel prices on the Shanghai bourse slipped as well

Curbs imposed in Shanghai, eastern Chinese city on resurgent Covid

Shanghai city detected three domestically transmitted COVID-19 cases with confirmed symptoms for Nov. 25, official data from the National Health Commission (NHC) showed on Friday.

China halts over 40 IPOs as it investigates law firm and broker

The Shenzhen Stock Exchange suspended more than 30 IPO plans on Aug. 18 slated for its ChiNext board, including a public share sale application from BYD Co's semiconductor business

China's education crackdown pushes costly tutors underground

A sweeping overhaul announced last month bans private companies from teaching the school syllabus during weekends and vacations and from making a profit, along with a laundry list of other restriction

Shanghai cancels flights as China braces for Typhoon In-fa

Shanghai's two international airports cancelled all flights and authorities banned outdoor activities Sunday as eastern China braced for the arrival of Typhoon In-fa.

Tesla puts brake on Shanghai land buy as US-China tensions weigh: Report

Tesla's China sales are surging despite mounting regulatory pressure in the country after consumer disputes over product safety and scrutiny over how it handles data

World shares mixed after retreat on Wall Street

Shares were higher in Europe on Monday after a retreat in Asia, where some markets including those in Tokyo and Shanghai were closed for holidays. London was also closed for the May Day holiday. Hong Kong and Seoul declined while Paris and Frankfurt advanced. US futures were higher. Oil prices were mixed and the yield on the 10-year Treasury note was steady at 1.62 per cent. Markets have mostly climbed in recent weeks as investors remain optimistic that the pandemic is slowly and steadily coming to a close, at least in the United States. Germany's DAX climbed 0.6 per cent to 15,226.91 while the CAC 40 in Paris was 0.5 per cent higher, at 6,298.02. The futures for the S&P 500 and the Dow industrials were up 0.5 per cent. The global recovery from the pandemic remains uneven. In much of Asia and many other countries, coronavirus caseloads have surged while vaccination levels remain low. Hong Kong's Hang Seng lost 1.3 per cent to 28,357.54 and the Kospi in South Korea slipped 0.7 pe

US-blacklisted China Telecom plans estimated $4 billion Shanghai listing

Hong Kong-listed China Telecom Corp, the state-owned wireless carrier blacklisted by Washington, said on Tuesday it plans to sell shares in Shanghai to broaden its financing channels

Pak condemns terrorism, cautions against extremist incidents at SCO meet

Pakistan on Monday condemned terrorism in all its forms and cautioned against the recent rise in extremist and racist incidents, during a high-level virtual SCO meeting hosted by India.