The Covid situation in China will likely put a dent in Tesla’s second-quarter financial results. Output at Giga Shanghai is already losing steam. In March, the plant delivered about 55,000 ... ( read original story ...)
American expat in China reveals reality of Shanghai’s citywide lockdown
“If you think Wuhan 2020 was bad, welcome to Shanghai 2022,” CNN reporter David Culver relayed. “This has been like no other lockdown. And it’s in the country’s cosmopolitan and most affluent ... ( read original story ...)
5 things to know before the stock market opens Tuesday
Wall Street was bracing for the March consumer price index report, which is expected to show the hottest annual inflation since 1981. ( read original story ...)
Shanghai eases COVID curbs for some even as factory halts widen
Some Shanghai residents were able to leave their homes for the first time in more than two weeks on Tuesday as the city took tentative steps towards easing a COVID-19 lockdown amid mounting worries ... ( read original story ...)
China nudges listed firms, investors to buy stocks to stabilise market
China is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a stock market rocked by a ... ( read original story ...)
Shanghai steel futures rebound as government vows to smoothen logistics
Chinese steel futures bounced back on Tuesday after posting big losses in the previous session, as the state council urged local governments to ensure smooth transportation of key production materials ... ( read original story ...)
Noted Chinese economist loses ailing mother to Shanghai Covid-19 test delay
Shanghai logged record Covid-19 infections for the 10th straight day on Monday, with more than 26,000 new cases as the city entered its third week under lockdown. Infections surge ... ( read original story ...)