Many are calling on their staff to prepare to sleep in the office, with one asset management firm offering an extra 2,000 yuan a night to camp out on weekdays. ( read original story ...)
China’s Economy Faces Another Blow From Shanghai Covid Lockdown
Shanghai’s sweeping, two-phase lockdown will likely deal a heavy blow to businesses reliant on consumer spending, though economists say the city’s industrial sector can largely withstand the ... ( read original story ...)
Shanghai Locks Down Half of City to Fight Covid Outbreak
The city of 25 million people locked down areas, which includes its financial and industrial parks, for four days. ( read original story ...)
GLOBAL MARKETS-Oil hit by Shanghai shutdown; yen sinks as BOJ defies the yield tide
Asian shares faltered and oil prices slid on Monday as a coronavirus lockdown in Shanghai hit economic activity, while the yen extended its stomach-churning descent as the Bank of Japan stood in the ... ( read original story ...)
China’s yuan touches two-week low after Shanghai orders two-stage lockdown
China's yuan weakened on Monday to a near two-week low against the dollar, as investor sentiment soured on heightened worries about economic disruption from COVID-19 after Shanghai took fresh lockdown ... ( read original story ...)
China’s Shanghai launches two-phase lockdown as COVID surges
China's financial hub of Shanghai launched a two-stage lockdown of its 26 million people on Monday, closing bridges and tunnels, and restricting highway traffic in a scramble to contain surging ... ( read original story ...)
Shanghai exchange to offer online services amid city lockdown
Shanghai's stock exchange will provide online services over IPO approval meetings, consultations and road shows as half of the city faces a lockdown in turns to staunch a spiraling outbreak in the ... ( read original story ...)