Calculations based on International Monetary Fund projections show China's expected average annual contribution to global economic growth through to 2027 at about 29%
Despite no new cases, authorities are not lifting the lockdown immediately, instead gradually easing restrictions until the start of next month
The commercial hub of 25 million achieved a fourth consecutive day without any new infections in the community, holding on to its prized "zero Covid" status
Most of Shanghai has stopped the spread of the coronavirus in the community and fewer than 1 million people remain under strict lockdown, authorities said Monday, as the city moves toward reopening
About half of the 9,000 biggest industrial enterprises in Shanghai are back at work after controls that shut down most of the city starting in late March eased
Data on Monday showed China's industrial output fell 2.9% in April from a year earlier, down sharply from a 5.0% increase in March
Shanghai also reported four new deaths due to the infection in last 24 hours
Companies in Shanghai are only allowed to reopen if they can operate under such an arrangement, which requires workers to be isolated
The SMIC predicted a gloomy outlook for consumer electronics demand, saying it sees no sign of a recovery anytime soon
Shanghai also reported 1,487 locally-transmitted asymptomatic infections of the novel coronavirus on Friday, out of a total of 1,726 local asymptomatic carriers newly identified on the mainland
While "supply-chain disruption" is emerging once more as the most repeated phrase of corporate earnings season, the impact goes beyond multinationals' profits
Shanghai eyes lockdown end with final push. Aims to limit COVID to quarantined zones. Beijingers stay home as virus spreads. Officials pledge support for economy, jobs
Shanghai also reported 1,869 locally transmitted asymptomatic infections, out of a total of 2,140 such cases newly identified on the mainland
China kept infection numbers low until early this year with a strategy that shut down cities, but entailed soaring costs
Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai, media reports said.
Tensions between Shanghai residents, China's Covid enforcers are on rise again, amid a new push to end infections outside quarantine zones to meet President's demand for achieving "dynamic zero-Covid"
Teams in white protective suits are entering the homes of coronavirus-infected people to spray disinfectant as Shanghai tries to root out an omicron outbreak under China's strict zero-COVID strategy
According to reports, Shanghai residents have also been falling sick after consuming some of the food supplies because of the distribution of stale food by the authorities amid city's Covid lockdown
China's capital, Beijing has shut down more bus routes and metro stations as it seeks to avert the fate of Shanghai, where millions of residents have been locked down for more than a month
This update comes as China on Friday reported 345 local confirmed Covid-19 cases of which 253 were from in Shanghai