China’s commercial capital of Shanghai reported no new COVID-19 infections outside quarantine areas in two districts on Wednesday, fanning hopes that the tide is turning in its pandemic battle, as some factories began to return to work. State media trumpeted the resumption of production by electric car company Tesla Inc (TSLA.O) at its Shanghai plant on Tuesday, after a halt of more than three weeks. read more The U.S. carmaker was on a list of 666 firms the Chinese government said last week would get priority to reopen, or keep operations running, in Shanghai. “The city’s epidemic situation in recent days has shown a downward trend,” city health official Wu Qianyu told a daily news conference on Wednesday. “Community spread has been effectively curbed.” Stringent lockdown measures after the outbreak began in early March left the city’s 25 million people struggling with the loss […]