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.
Immigration agents and lawyers said there has been a spike in inquiries in the past month, the report said
Shopping malls, department stores, and supermarkets will begin resuming in-store operations and allow customers to shop in "an orderly way", while hair salons and vegetable markets will reopen with limited capacity
Commercial hub Shanghai hoped to exit a painful six-week-old lockdown later this month as authorities hoped one last round of tightening would eradicate the last infections in one of the worst Covid outbreaks in China
The action was not only a crime against the company but also ``a crime against American workers,'' the FBI said in a statement.
Officials in Beijing denied rumours of sweeping Shanghai-type curbs, asking people not to panic-buy but to stay at home, while also announcing a fresh round of mass testing.
Widespread lockdowns to rein in Covid-19 brought economic activity to a standstill in China and also sparked runaway inflation across the world
Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter
Nissan has shifted its focus from "volume to value", shedding the emphasis on big sales numbers, often at discounts, that it pursued for years
The state-owned enterprise has noticed sharp growth for its medical aesthetics business after the company became the exclusive distributor in China for Letybo, a botox product
Australia's Climate Friendly, majority-owned by private equity firm Adamantem Capital, generates carbon credits from projects that regenerate vegetation or improve soil health