A strained supply chain is slowing output at Tesla’s Gigafactory 3 in Shanghai, severely affecting the US carmaker’s efforts to get the assembly line operating at full capacity. ( read original story ...)
Zero community transmission in all Shanghai districts
As the pandemic wanes, the first batch of 24 key local projects have been allowed to resume construction, according to Shanghai's housing and construction management commission. They are mainly ... ( read original story ...)
Futures climb as technology and growth stocks rebound
U.S. stock index futures jumped on Tuesday, as strong earnings from Home Depot and United Airlines added to an upbeat global mood driven by hopes of easing crackdown on tech firms and COVID-19 in ... ( read original story ...)
Shanghai Hits Prized ‘Zero COVID’ Status But Lockdown Lingers
Shanghai achieved its long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones on Tuesday but most residents will have to put up with confinement for a ... ( read original story ...)
China calls on property POEs to revive bond mart
Three privately-owned Chinese real estate companies are planning new onshore bond sales. There are also hopes that some domestic deals could benefit from credit protection tools issued by their lead ... ( read original story ...)
Tesla shares dip after cutting Shanghai plant production target
The EV maker is aiming to produce around 1,200 vehicles a day this week. Meanwhile, JetBlue is pursuing a hostile takeover of Spirit and Ford sells more Rivian stock. ( read original story ...)
Shanghai bus companies prepare to resume operations
With the COVID-19 situation easing in China's financial hub Shanghai, the city said on Monday that public transit will gradually resume operations in phases from May 22. ( read original story ...)