It’s day two for lockdown orders in China’s top financial hub. A Tesla factory closes its doors for the week, while bankers are spotted camping out in their offices. Across China, strict stay at home measures are driving citizens to get creative–and find new ways to make ends meet. A man found dead in his…
Shanghai COVID Lockdown to Cost China’s Economy $29 Billion in 2 Weeks, Analysts Say
A full-scale lockdown on China’s financial hub of Shanghai is likely to cost the economy 190 billion yuan ($29.8 billion) in two weeks, or 2 percent of gross domestic product (GDP), according to a minimum estimate by a Hong Kong economist. Almost 7 percent of the loss would be from the spillover effects to other…
‘I Cannot Watch My Father Waiting to Die at Home:’ Residents in Locked-Down Shanghai Being Denied Medical Care
Tragic scenes emerged in locked-down Shanghai as residents in poor health struggled to obtain medical services amid the city’s harsh COVID restrictions. Battling a new wave of COVID-19 infections, Shanghai has moved to enact the country’s biggest city-wide lockdown, since Wuhan, as authorities rush to shut off every chain of infection. The eastern Chinese port and…
Shanghai Launches Lockdown as COVID-19 Surges
Citywide lockdowns hit China’s top financial hub; 26 million people in Shanghai are now subject to mass testing for COVID-19, while concerns over the shutdown rise following a number of apparent hospital failings. The second of two black boxes has been found after last week’s devastating plane crash in China. But a curiously short report…
Biden Proposing 20% Min Tax on Wealthy; Yield Curve Inverted, Recession on the Way? | NTD Business
President Joe Biden announces his budget plan for 2023, including a new minimum tax targeting billionaires. Shanghai, with a population of 26 million, is going under lockdown. This is the biggest one since Wuhan 2020. Are we facing a recession? A key warning light is flashing. Google is warning billions of Chrome users that the…
China Announces Biggest Lockdown, Covering 26 Million in Shanghai
China’s financial hub of Shanghai announced a two-phased lockdown on March 27, a day after city officials denied they planned a citywide lockdown amid a surge in COVID-19 cases. Shanghai, one of China’s largest cities with 26 million people, had never implemented a full-scale citywide lockdown since the Chinese regime launched its zero-COVID playbook at…
Shanghai Announces High COVID-19 Cases but Locals Say True Number Is Greater
China’s Shanghai announced 2,676 new COVID-19 infections on Sunday, which is the highest daily tally given by officials over the past several months. But many locals have told the Epoch Times they believe the real number must be several times higher while commenting that hospitals can’t stand the workload as medical staff have increasingly been…
Residents Reveal Shanghai in Actual Lockdown, COVID-19 Infections Much Higher Than Official Numbers
The COVID-19 outbreak is spiraling out of control in mainland China and the reported number of cases continues to rise. The daily infection numbers in Shanghai continue to set new records, and the medical system in the city is on the verge of collapse. Local residents reveal Shanghai is in an actual lockdown despite not…
Shanghai Disney Forced to Close Amid Fresh COVID-19 Outbreak
Shanghai Disney Resort has been shut down from March 21 due to a new surge in coronavirus cases while harsh restrictions in the city have drawn protests online. In a notice, the resort said it would refund or exchange tickets for all guests impacted by the closure. Guests may choose to revisit the park on…
COVID-19 Spike in Shanghai Causes Hospitals to Suspend Services, Lockdown of Major Universities
The COVID-19 outbreak in China’s megacity Shanghai continues to spread in different parts of the city, causing major hospitals to suspend medical services since March 18. Major universities are also under lockdown. In one university, the virus continues to spread within. Students are panicking, criticizing the university for negligence and attracting wide attention. Xinhua Hospital…
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