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 ...)
Hope and Despair, Yield Curve, Shanghai Shutdown, Biden Budget, Trading Costco
The yield curve certainly signals the U.S. economy will have to pass through troubled waters over the medium to even long-term, but it also signals outright economic contraction remains tomorrow's ... ( read original story ...)
General Motors told Shanghai workers to sleep on factory floors to keep up production during the city’s new lockdown, report says
The city of Shanghai told companies like General Motors to create worker bubbles so production can continue during its COVID-19 lockdown. ( read original story ...)
Shanghai releases 21 measures to aid enterprises during COVID-19 outbreak
Shanghai on Tuesday released a document containing 21 measures aimed at assisting enterprises amid the current COVID-19 outbreak. The measures are related to tax rebates and reductions, fee reductions ... ( read original story ...)
Shanghai’s Lockdown Tests Covid-Zero Policy, and People’s Limits
A staggered lockdown on China’s commercial capital of 26 million people has sent beleaguered residents scrambling and raised fears of broader damage to the economy. ( read original story ...)
Explainer: Why are Shanghai’s COVID infections nearly all asymptomatic?
Epidemiologists examining the biggest Chinese outbreak of COVID-19 in two years are trying to ascertain why the proportion of asymptomatic cases is so high, and what it could mean for China's future ... ( read original story ...)