The Ikea store's sudden shutdown was ordered because a close contact of a six-year-old boy who tested positive after returning to Shanghai from Lhasa in Tibet had visited, Shangha ... ( read original story ...)
Shoppers rush for the exits as Shanghai Ikea goes into lockdown
Panicked shoppers rushed for the exits at an Ikea branch in Shanghai on Saturday after city health authorities ordered the store to lock down after a close contact of a Covid-19 case was traced to the ... ( read original story ...)
Shanghai locks down Ikea store on remote Covid-19 risk
In a video, shoppers were seen fleeing and screaming in an effort to get out of the building before doors were locked. Read more at straitstimes.com. ( read original story ...)
China unexpectedly cuts 2 key rates, withdraws cash from banking system
SHANGHAI (Reuters) -China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to ... ( read original story ...)
Chinese stocks’ post-Shanghai lockdown rally fizzles out as zero-Covid policy and beleaguered property market bite
The CSI 300 Index of the biggest stocks on China's onshore market has lost almost half of the gains that followed the reopening of Shanghai Covid-19 flare-ups and a property market that is in downturn ... ( read original story ...)
The Reserve Bank’s growing China anxiety
The Reserve Bank is keeping an anxious watch on China’s embattled real estate sector, amid fears that construction activity could plummet, as developers’ funding dries up. ( read original story ...)
Bear-clawed baristas turn literal hole-in-the-wall cafe in Shanghai into inspiration for China’s millions of people with disabilities
Hinichijou Cafe has been widely welcomed by the public, allowing it to open nine branches in Shanghai since 2020 A recently opened cafe in the city is breaking from its hole-in-the-wall tradition and ... ( read original story ...)