Shanghai’s latest Covid-19 outbreak appears to be stabilising, with most new cases already in government-mandated quarantine, but authorities are taking no chances, still locking down areas of the ... ( read original story ...)
Shanghai’s economy shrank almost 14pc as lockdown took toll
Shanghai's economy shrank almost 14pc in the second quarter when a two-month lockdown in the financial and trading hub shuttered factories, curbed consumer spending and disrupted operations at the ... ( read original story ...)
Shanghai, Beijing’s Q2 economic output contracts – stats bureau
The economies of Shanghai and Beijing contracted in the second quarter from a year earlier as strict restrictions under China's zero-COVID policy took a toll. The economies of five out of China's 31 ... ( read original story ...)
China growth falls to 2-year low on Covid, property woes
BEIJING: China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4% in the second quarter with lockdowns and property market weakness pushing the ... ( read original story ...)
China stocks dragged by property firms on mortgage protests
SHANGHAI — China stocks edged down on Friday, dragged by property developers, as homebuyers’ threats to stop mortgage payments on unfinished apartments dented sentiment, despite Beijing’s assurance to ... ( read original story ...)
China growth at two-year low over Covid, property woes
BEIJING: China logged its slowest economic growth since the initial Covid-19 outbreak, official data showed Friday, expanding just 0.4% in the second quarter with lockdowns and property market ... ( read original story ...)
Shanghai steps up pace on readying five ‘new cities’ for investment
Take Shanghai Motor Vehicle Inspection Certification & Tech Innovation Center Co (SMVIC) for instance. It was officially approved in May to establish a measurement and testing center for the city's ... ( read original story ...)