The spread of COVID-19 cases in Shanghai has forced the city to lock down its Pudong District – home to over 6,000 financial institutions – for four days from Monday to conduct nucleic acid testing. ( read original story ...)
China’s Shanghai lockdown tests ‘zero-COVID’ strategy
Chinese authorities sought to reassure companies and jittery investors on Tuesday as a two-phase lockdown of Shanghai’s 26 million people entered its second day, casting an unusual quiet over the ... ( read original story ...)
EXCLUSIVE Tesla supplier Aptiv stops some production in Shanghai over COVID issues – sources
Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint venture, citing COVID issues, sources familiar with the matter ... ( read original story ...)
Shanghai Lockdown Adds to China’s Economic Woes
The economic toll of locking down of one of China’s largest and most prosperous cities is only starting to come into view. ( read original story ...)
Shanghai screens over 8mn people in new round of Covid tests
More than 8.26 million people were screened in a new round of nucleic acid testing, a health official announced on Tuesday. ( read original story ...)
A Lockdown of Shanghai Tests the Limits of China’s Zero-COVID Policy and Rattles the Markets
A two-phase lockdown of Shanghai’s 26 million people is testing the limits of China’s hard-line “zero-COVID” strategy, which is shaking markets far beyond the country’s borders. China’s largest city ... ( read original story ...)
Shanghai offers 140-billion yuan lifeline in tax rebates, rent exemptions and financial subsidies to help businesses survive city’s phased lockdown
Shanghai municipal government is offering a package of incentives, rebates and exemptions to help businesses survive the city's phased lockdown to contain the worst Covid-19 outbreak in mainland China ... ( read original story ...)