Industrial output in Shanghai dropped 7.5% in March, city official says

Industrial output in Shanghai dropped 7.5% in March, city official says


A worker works at a production line in Qingpu district of east China’s Shanghai 211027. Industrial output in the city dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

Ding Ting | Xinhua News Agency | Getty Images

Industrial output in Shanghai, China’s financial hub, dropped by 7.5% year-on-year after stringent lockdown measures halted production in some factories, the city’s official said on Friday.

“The latest virus outbreak has greatly impacted the city’s industrial activities, leading to March’s output being down 7.5% year-on-year,” Wu Jincheng, chairman of Shanghai’s economic planner, said at a press conference on Friday.

The city’s industrial output growth in the first quarter slowed to 4.8%, Wu said. There were no comparative data on fourth quarter of 2021 or year-on-year figures.



Source

Asia-Pacific markets set to open higher after U.S. captures Venezuela’s Maduro, oil slips
World

Asia-Pacific markets set to open higher after U.S. captures Venezuela’s Maduro, oil slips

The skyline of Tokyo city, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images Asia-Pacific markets were set to open higher Monday, after the U.S. attacked Venezuela and captured its leader Nicolas Maduro on Saturday, while oil prices edged lower amid uncertainty over the oil-rich country and risk premiums. Following the attack, Maduro and his wife, […]

Read More
Stock futures are steady after U.S. attacks Venezuela, captures Nicolas Maduro: Live updates
World

Stock futures are steady after U.S. attacks Venezuela, captures Nicolas Maduro: Live updates

Traders work on the floor of the New York Stock Exchange on the first day of trading for the year on Jan. 2, 2026 in New York City. Spencer Platt | Getty Images Stock futures were steady on Sunday night, as global markets reacted to the U.S.’ attack on Venezuela and capture of leader Nicolas […]

Read More
Denmark tells Trump to stop threatening to seize Greenland
World

Denmark tells Trump to stop threatening to seize Greenland

Danish Prime Minister Mette Frederiksen attends a press conference at the Chancellery in Berlin, Germany, Jan. 28, 2025.  Nadja Wohlleben | Reuters Danish Prime Minister Mette Frederiksen warned President Donald Trump to stop threatening to acquire Greenland just a day after the U.S. carried out a military operation that captured Venezuelan leader Nicolas Maduro. “The […]

Read More