Shanghai

Middle Class Looks To Flee China COVID Policies

Alan Li no longer sees any future for his family in China after harsh COVID rules decimated his business, upended his son's education and left his country out of step with the rest of the world.He has given up hope of a return to normal after months of lockdowns in Shanghai, and now plans to close his firm and move to Hungary, where he sees better opportunities and his 13-year-old son can attend an international school."Our losses this year mean that it's over for us," he

15 June 2022
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Stock Prices Rise On Boost From China

Global stock markets advanced on Monday, driven by an easing of COVID lockdowns in the world's second-biggest economy, China.London's stock market, reopening after a British public holiday to mark Queen Elizabeth II's Platinum Jubilee, shrugged off news that embattled British Prime Minister Boris Johnson was to face a confidence vote from MPs in his own conservative party.Elsewhere, eurozone stocks also closed higher ahead of a European Central Bank (ECB) meeting Thursday when

7 June 2022
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Shanghai Eases Lockdown As City Returns To Normal

Shanghai eased a range of COVID-19 restrictions on Wednesday in a step towards returning to normal after a two-month lockdown that confined residents of the megacity to their homes and battered China's economy.The commercial hub of 25 million people was closed down in sections from late March, when the Omicron virus variant fuelled China's worst outbreak since COVID first took hold in 2020.After some rules were gradually relaxed over the past few weeks, authorities on Wednesday bega

1 June 2022
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China Issues Warning On COVID-Hit Economy

China's premier called for more to be done to stabilise the world's second-largest economy, issuing an unusually stark warning as the country's zero-COVID strategy bites into growth.China is the last major economy welded to a policy of mass testing and hard lockdowns to eliminate virus clusters, but the strict curbs have battered businesses.Restrictions around the nation in recent months – including on the manufacturing hubs of Shenzhen and Shanghai, as well as the breadbasket

27 May 2022
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What Justifies China's Zero-COVID Policy?

A tough decision to lockdown Shanghai, China’s largest city, shocked the world. After six weeks, and despite a sharp decline in infections, Shanghai’s lockdown has imposed enormous costs on the city and its residents.

19 May 2022
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Global Stocks Rally Eyeing China Reopening

Global stock markets rallied Tuesday on hopes that China will ease its weeks-long COVID lockdown and gradually reopen businesses.European exchanges closed higher and Wall Street's main indices also rose, spurred as well by a nearly one-percent rise in April retail sales."We've seen a much more positive vibe around European equity markets today, with reports out of Asia suggesting that China might be close to looking to ease some of its COVID restrictions, as case rates come dow

18 May 2022
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China Has Avoided US COVID Toll But At What Cost?

In Pyongyang, COVID is spreading fast, and one capital where the North Korean disaster is surely being watched with rapt attention is Beijing. North Korea, like China, has made a virtue of its authoritarian system being better suited to COVID control than the democracies.Unlike North Korea, China has been rolling out vaccines for more than a year, but like its neighbour, it has millions of older people who have never taken the jab.

16 May 2022
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China Struggles With Invisible Enemy

Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even people – but more than two years into the pandemic, experts say it is a futile measure against COVID-19.China is tied to a zero-COVID strategy, wielding snap lockdowns, mass testing and lengthy quarantines as part of unrelenting efforts to quash virus outbreaks no matter the cost to the economy or freedoms of its people.Among its arsenal of virus controls is d

14 May 2022
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Chinese Get Creative To Dodge COVID Censorship

From quoting the national anthem to referencing Hollywood blockbusters and George Orwell's dystopian novel "1984", Chinese web users are using creative methods to dodge censorship and voice discontent over COVID measures.China maintains a tight grip over the internet, with legions of censors scrubbing out posts that cast the Communist Party's policies in a negative light.The censorship machine is now in overdrive to defend Beijing's stringent zero-COVID policy as the

7 May 2022
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Millions Urged To Work From Home To Fight COVID

The streets of Beijing's business district were deserted on Thursday as the government called for people to return to work remotely, with scores of subway stations shut after a national holiday muted by coronavirus curbs.Chinese authorities have stuck to their zero-COVID policy of lockdowns and mass testing as they battle the biggest outbreak since the early days of the pandemic, with entire neighbourhoods in the capital sealed over handfuls of infections.Beijing reported 50 local cases

6 May 2022
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How COVID-Scarred Shanghai Will Exit Lockdown

So, they've ordered a mass clean-up – an army of people disinfecting thousands of compounds and residential areas aiming to eradicate the virus.Then China's financial capital will open up, but it will be gradual, tentative, cautious.The brutal "war" against Omicron has left a scarred city. People as old as 100 were among those who tested positive and were taken to quarantine centres.

5 May 2022
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Shanghai Lockdown: The Plight Of A Deliveryman

Weeks into a strict lockdown, most of Shanghai's 25 million population continue to rely on delivery riders to bring them food and supplies. But this largely invisible workforce of 20,000 faces a lack of shelter and safety. Two delivery riders tell their stories.Rider 1I've been so busy. So many people need supplies.

3 May 2022
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