A member survey showed 92% of respondents saying they had been impacted by recent port closures, decreased road freight and rising sea freight costs
China markets seen as unlikely to attract new inflows till economy stabilises, as trade tensions, regulatory crackdowns and Covid lockdowns have hurt confidence and earnings
Some US companies see a massive decline in revenues this quarter while others see output slashed by half
The pessimistic findings from the survey, which focuses more on small firms in coastal regions, are in line with the government's official PMI
Hong Hao was among the most outspoken China market analysts, and worked in a high-profile post with the securities unit of state-owned Bank of Communications
About 8,000 Tesla employees returned to work at the US company's Shanghai giga-factory on April 19, the Miami-based EV news website said
Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist
Additional shipping delays, port congestions and logistics under-capacity are expected while transport hub Shanghai remains in lockdown, the Danish company said.
The company's forecasts came as widespread supply chain disruptions and plunging consumer purchasing affected the world’s second-biggest economy
Shanghai residents are turning to NFT marketplaces like the world's largest, OpenSea, where users can mint content and buy or sell it using cryptocurrencies
Major Taiwanese Apple supplier Foxconn said on Wednesday that it is continuing production in China's Zhengzhou, 800km northwest of Shanghai
The worst is over for shop rents, which are likely to increase by at least 10% in some residential areas