Tag: finance

A letter that appears to be from US chip maker Onsemi says its Shanghai distribution centre, one of four in Asia, has no date to resume operations, but its manufacturing facilities are located in ... ( read original story ...)

The setback mirrors the fallout in China's stock market, with the Shanghai Composite Index ranking as the worst performer among major Asia-Pacific equity benchmarks. Policymakers in Beijing have ... ( read original story ...)

Carmakers to supermarkets are gradually resuming operations in Shanghai as the city seeks to recover from the economic toll of an unprecedented lockdown that’s still restricting more than 16 million ... ( read original story ...)

Others commented how the trend is proof that residents of Shanghai — a wealthy financial hub of 26 million — live different lives from those in the rest of China. "They're in their own materialistic ... ( read original story ...)

Shanghai allowed 4 million more people out of their homes Wednesday as coronavirus rules that shut down China’s largest city eased and some factories resumed operation. A total of almost 12 million ... ( read original story ...)

The Chinese financial hub of Shanghai said on Wednesday (April 20) seven people infected with Covid-19 died on the previous day. On Monday too the city recorded seven deaths from the virus. Shanghai ... ( read original story ...)

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 ...)