Tesla CEO Elon Musk celebrating the opening of the carmaker’s Shanghai plant on Jan. 7, 2020. Xinhua News Agency/Getty Images As the world sorts out the implications of Elon Musk’s bombshell dea...
Tag: Shanghai
American Lawyer Quarantined For 37 Days In China Describes “Chaotic” Environment
James Zimmerman is a partner at Perkins Coie in Beijing. James Zimmerman American lawyer James Zimmerman, a partner at Perkins Coie in Beijing, has worked in China for 24 years, and thought he was wel...
Taiwan Reports Covid Daily Record, Cases Nearly 10 Times Above Two Weeks Ago
People wear face masks to protect against the spread of the coronavirus and pray outside of a temple … [+] in Taipei today. (AP Photo/Chiang Ying-ying) ASSOCIATED PRESS Taiwan, home to many of t...
Workers in Shanghai struggle to get back to work
Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This...
Shanghai Loosens Restrictions For Millions Of Residents After New Covid Cases Appear To Slow
Topline Shanghai on Wednesday eased Covid restrictions for an additional 4 million people and allowed more factories to resume operations as two districts in the city reported no new Covid-19 cases ou...
Shanghai’s Covid Lockdown Deals A Blow To Elon Musk’s Tesla Production Goals
Workers at Tesla’s Shanghai Gigafactory build a Model 3 electric sedan. Newscom Tesla looks set for a year of dramatic growth amid spiking demand for its electric vehicles and the addition of tw...
Shanghai reports first Covid deaths since start of latest lockdowns
Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty I...
Pharma Billionaire Wu Yiling Loses $1 Billion In One Day As Questions Mount Over His Covid Medicine
Traditional Chinese medicine Lianhua Qingwen produced by Beijing Yiling Pharmaceutical is seen on April 11, 2022 in Qiandongnan Miao and Dong Autonomous Prefecture, Guizhou province of China. Hu Yan/V...
Shanghai Reports First Covid Deaths From Current Outbreak As Case Counts Continue To Remain High
Topline Shanghai on Monday reported the first deaths linked to the city’s ongoing Covid-19 outbreak—China’s worst since the start of the pandemic—as the continued rise in cases in eastern China and th...
Tesla Could Reopen Its Shanghai Factory Next Week: Report
Text size An aerial view of Tesla’s Shanghai factory, which closed in late March due to rising cases. Xiaolu Chu/Getty Images Tesla might be reopening its most productive facility earlier than i...
Xi’s Shanghai lockdown and Putin’s Ukraine invasion are screwing up inflation’s return to normal
Inflation just keeps going up. The U.S. inflation rate rose 8.5% in March, with the prices of food, gas, and housing going up the most. Before last summer, those kinds of numbers hadn’t been seen in t...
Shanghai by the numbers: China’s Covid lockdowns
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wa...
Here Are New Shortages You Might See Soon
An aerial view of shipping containers stacked at Yangshan Deepwater Port, the world’s biggest … [+] automated container terminal, in Shanghai. The United States is dependent on a number of...
China’s Tech Leaders Warn Of Widespread Production Halt If Shanghai Lockdown Continues
Richard Yu, chief executive officer of the consumer business at Huawei Technologies, talks about the Huawei Mate 30 smartphone in Munich, Germany, on Sept. 19, 2019. Michaela Handrek-Rehle/Bloomberg T...
Chinese EV maker Nio says it’s gradually resuming production after Covid halt
In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Im...
Taiwan Covid Cases Hit ’22 Daily High, May Nearly Double By End Of April
Members of the public registers at a vaccination facility administering the Moderna Covid-19 vaccine … [+] set up at Taipei Main Station in Taipei in January. Photographer: I-Hwa Cheng/Bloomberg...
Bitcoin Eases as Shanghai Rises with Yields Historically Inverting – Trustnodes
Bitcoin is chilling out a bit after falling 20% in the past week, down 5% just this Monday amid market readjustments. The biggest crypto even fell below $40,000 briefly as some were amused by the live...
Shanghai Loosens Some Covid Curbs But U.S. Orders Non-Essential Consulate Staff To Leave City
Topline The U.S. State Department ordered non-emergency consulate staffers to leave Shanghai after previously flagging concerns about the city’s “arbitrary enforcement” of pandemic rules even as local...
U.S. Tips For American Citizens Still In Shanghai
Workers in personal protective equipment facilitate a round of Covid-19 testing during a lockdown in … [+] Shanghai on April 7. Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP The...
U.S. State Department Orders Non-Emergency Staff In Shanghai To Leave Amid Covid Surge
Volunteers transport boxes of food delivered by the government in Shanghai amid Covid lockdowns on … [+] Saturday, April 9.. Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP The U....
The Shanghai Tragedy Reminds Us Why China Banned Bitcoin
Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. While co...
U.S. State Department orders all non-emergency government staff in Shanghai to leave as Covid surges
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters The U.S. State Department has ...
Guangzhou closes schools, Shanghai record cases
All 11 districts of Guangzhou city began another round of mass Covid testing late last week, while elementary and middle schools shifted to online learning as of Monday. Costfoto | Future Publishing |...
Shanghai Eases Restrictions, Non-Essential Travel Banned In Guangzhou As China’s Covid Surge Intensifies
Topline The Chinese port city of Guangzhou banned non-essential travel while Shanghai, the country’s financial hub, is easing lockdown but continues to report a large number of new Covid-19 cases as C...
Bitcoin Dips as Shanghai Stocks Fall – Trustnodes
Bitcoin briefly fell below $42,000 during Shanghai trading hours as Chinese stocks saw a day of red. The Shanghai Composite Index fell by more than 2% at one point, while the Shenzhen Component Index ...
USD/CNY darts upwards as Shanghai Covid cases rise
The USD/CNY rose while Chinese stocks declined sharply after the number of Covid-19 cases in Shanghai worsened. The Chinese yuan is trading at 6.37 against the US dollar while CSI and Hang Seng declin...
U.S. Tells Citizens “Do Not Travel” To Shanghai, Hong Kong Due To Covid Restrictions
Residents have swab samples collected in a round of Covid-19 testing during a lockdown in Shanghai … [+] on April 7. As much of the world moves on from the pandemic, desperate scenes seeping out...
Tesla Crypto Tokens Surge Despite Shanghai Shutdown –
Tesla crypto token exchanging proposes financial backers’ proceeded with trust in the automaker Crypto badge of the electric vehicle producer were exchanging on digital currency trade FTX at $1,141.55...
China Covid Lockdowns Likely To Be Followed By Policy Easing In 2nd Half — Matthew Asia’s Andy Rothman
Empty roads during a phased lockdown due to Covid-19 in Shanghai, China, on Tuesday, April 5, 2022. … [+] Shanghai reported more than 13,000 daily Covid cases for the first time, as a sweeping l...