"Our refining margins were in the negative, and operations only began to recover slightly from late May with some early signs of easing in lockdowns," a refinery trading manager said

Data show the economy stabilised after a sharp slump the previous month, but Beijing still faces weak consumption and persistent coronavirus outbreaks

Of 133 member companies surveyed by the American Chamber of Commerce in Shanghai, 93% said they had reduced their revenue forecast for this year

About 50 prefecture-level cities already have routine mass testing in place for about 420 million people. The goal is a testing booth within 15 minutes of everyone in a big city

Authorities are under pressure as the outbreak linked to a bar left millions facing tests, thousands under lockdown – days after the city ended a partial lockdown that ran for more than a month

Public-funded mass testing and surging demand for testing kits and sample collection booths is draining local government finances

The legendary boomtown in southern China, which posted at least 20% annual economic growth over the past four decades, is a different place today.

Millions of people in Beijing face Covid testing and the threat of targeted lockdowns on Monday after an outbreak of nearly 200 cases linked to a 24-hour bar in the city centre.

China's logistics performance index came in at 49.3% last month, up 5.5 percentage points from the previous month

Officials said mass testing would be carried out in Chaoyang district, the capital's core commercial and nightlife district that is home to at least 3.5 million people

Authorities have ordered tests for all residents in 15 of Shanghai's 16 districts this weekend, with five districts barring residents from leaving their homes

The EV maker has set a target of 71,000 cars at its Shanghai plant for June. Added with 44,301 units produced in April and May, that would be about a third less than its first-quarter output