Auto parts maker Aptiv on Tuesday sent home workers at a Shanghai production facility that supplies Tesla and a General Motors (GM) joint venture, citing COVID issues, sources familiar with the matter ... ( read original story ...)
Shanghai Lockdown Adds to China’s Economic Woes
The economic toll of locking down of one of China’s largest and most prosperous cities is only starting to come into view. ( read original story ...)
Shanghai screens over 8mn people in new round of Covid tests
More than 8.26 million people were screened in a new round of nucleic acid testing, a health official announced on Tuesday. ( read original story ...)
A Lockdown of Shanghai Tests the Limits of China’s Zero-COVID Policy and Rattles the Markets
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 ...)