Shanghai is China’s financial and manufacturing center and it’s estimated each day the city is on pause results in more than 10 billion yuan ($1.56 billion) in lost gross domestic product (GDP). ( read original story ...)
Shanghai tries to ease supply chain crunch amid lockdown
China took steps to restart export manufacturing, but strict COVID measures pose a continuing challenge for logistics providers. ( read original story ...)
Shanghai’s manufacturing plant restarts fall short due to lack of truckers, parts
Companies in China whose factories are operating under closed-loop systems might be forced to stop work due to parts shortages or logistical challenges. ( read original story ...)
Tesla Earnings Under Pressure From Shanghai Factory Halt
Tesla investors on Wednesday will be keeping an eye on whether the electric car company maintains its ambitious 2022 delivery target as the biggest factory, Shanghai, grapples with a COVID-19 shutdown ... ( read original story ...)
People’s Bank of China steps in to assist Covid-battered supply chains
Beijing has drafted more policies to aid under pressure supply chains as China struggles to handle the omicron variant of Covid-19. Seven new Covid-19 deaths were reported in Shanghai on Tuesday, a ... ( read original story ...)
China Merchants Bank sinks by most in 11 years as damage to shareholders snowballs to US$34 billion in two days
Losses snowball over two days as shareholders remain in the dark on board decision to remove Tian Huiyu as president. ( read original story ...)
Shanghai reports more COVID-19 deaths as growth downgrades pile up
Beijing | Shanghai reported another seven COVID-19 deaths as the financial hub grapples with a record outbreak that’s brought unprecedented disruptions to residents and threatens the country’s ... ( read original story ...)