China has begun locking down its largest city of Shanghai as part of a strict Covid-19 strategy. The lockdown will see the city divided in two and will be China’s most extensive since Wuhan was ... ( read original story ...)
Shanghai begins phased lockdown amid rising COVID-19 cases in China
Shanghai has started a phased lockdown on Monday after the city witnessed a record number of new COVID-19 cases ... ( read original story ...)
Trading floors fill up with sleeping bags in Shanghai lockdown
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 ...)