Tag: shanghai

New Tesla Battery Factory to Be Built in Shanghai
On April 8, Elon Musk announced on Twitter that Tesla is preparing to build a new battery factory in...

How China Uses COSCO Ships to Boost Its Political Influence Abroad
News analysis In recent years, Chinese companies have begun a massive push to buy up ports all over...

Tesla to Keep Output at Upgraded Shanghai Plant Below Maximum: Sources
SHANGHAI (Reuters) — Tesla plans to hold production at its Shanghai plant at about 93 percent of capacity...

10,000 Millionaires Expected to Leave China This Year–And Take $48 Billion With Them: Report
According to a consulting firm specializing in foreign investments, over 10,000 of China’s wealthiest...

More Cities Go Under Lockdown as China Reports 1,456 ‘High’ and ‘Medium-risk’ Zones
At least 15 provinces in mainland China have reported an alarming rise in new COVID-19 infections, with...

Shanghai Man Left Homeless After Being Confined to COVID Quarantine Camp for 42 Days
In late February, a man named Chen Jian ventured out to Shanghai in hopes of finding a higher-paying...

900 Million People in China Affected by Heat, Power Cuts as Sweltering Temperatures Break 111 Degrees
Scorching heat waves continue sweeping through vast parts of China, with a record-breaking 44 degrees...

Scorching Heat Waves Sweep Through 84 Cities in China, Killing Multiple People and Triggering Govt. Power
A massive heatwave sweeping through China has forced residents to seek refuge in “air-raid shelters”...

Lockdowns Come Back to Shanghai and Beijing as Chinese Authorities Discover New COVID Cases
After more than two months of lockdowns and movement curbs that have resulted in a string of tragedies...

Here’s Just How Badly ‘Zero-COVID’ Has Damaged China’s Economy
Financial analysis The world’s second largest economy is paying the price for its unrelenting “zero-COVID...

Shanghai Announces Plans for Quick ‘Victory’ Over COVID-19 Amid Cratering Economy
Ruinous ‘zero-COVID’ policies have both local and central authorities scrambling to save face and livelihoods...

COVID Lockdowns Cut 98% of Tesla’s April China Sales, Production Also Hard-Hit
As China continues implementing citywide lockdowns in Shanghai and Beijing in order to uphold its “zero-COVID...