Subway trains in Beijing and Shanghai were packed, while some major traffic arteries in the two cities were jammed with slow-moving cars

Investors didn’t know which way to turn at the start of the week confused by contradicting speculation over the US Fed’s rate hike direction

The exchange said it would try to thwart big or sudden swings in capital markets, and make solid preparations to expand reforms in the initial public offering process

Authorities said they had received reports that some employers had refused to employ workers who caught the virus during the city’s two-month lockdown

Derivatives that debuted on the China Financial Futures Exchange (CFFEX) offer tools to manage risks in a portfolio of about 1,000 small tech firms

The Tesla chief executive said a shortage of batteries and machinery tools stuck in Chinese ports is taking a big toll on output and revenue.

Retail sales in Beijing shrank 7.7% for the January-May period, after Covid-19 curbs starting from late April confined shoppers to their homes

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

Workers in Shanghai were disinfecting subway stations and trains before reopening four metro lines and 200 bus routes on Sunday

Industrial output plummeted by more than 61% in April, while retail sales sank by 48% and property sales were down by 88% when the city-wide lockdown was imposed

The US electric vehicle manufacturer is aiming for daily output of 1,200 cars this week, but hopes to raise production in Shanghai to about 2,600 cars a day next week

Retail sales plunged 11.1%, the steepest fall since March 2020, while industrial production dropped 2.9%. Capital Economics forecasts growth of just 2% this year.