China has punished a slew of officials for failing to curb a Covid-19 outbreak that’s spawned nearly 900 symptomatic infections across the country in less than a month, a resurgence that complicates …
Monthly Archives For August 2021
Economic Watch: China’s inflation steady in July despite floods, COVID-19 resurgence
China managed to keep prices of staple goods and production materials stable in July despite a resurgence of COVID-19 cases and severe floods that disrupted economic activities, official data showed …
Oil prices slide on China Covid-19 curbs and a stronger U.S. dollar
U.S. West Texas Intermediate (WTI) crude futures fell $1.29, or 1.9%, to $66.99 a barrel, after having slumped nearly 7% last week.
Coronavirus: China tests tens of millions as second wave of virus hits 17 provinces
China reported another 94 locally transmitted Covid-19 cases on Sunday, as the country continues to fight the most serious outbreak since last year’s peak in Wuhan, testing tens of millions of people …
China punishes 30 officials for pandemic failing
More than 30 Chinese officials have been fired or received other punishments over accusations they failed to respond properly to the latest surge of the coronavirus in the country.
China’s July new yuan loans expected to nearly halve from June
China’s new yuan loans are expected to fall back in July after record lending in the first six months, a Reuters poll showed, but are still likely to be higher than a year earlier, as…
Other major powers are ‘several years behind’ China and its digital yuan: Chainalysis
Ulisse Dell’Orto of Chainalysis says China has been a pioneer in central bank digital currencies and is far ahead of the competition. The rapid development of the digital yuan presents an opportunity …
China’s Economic Risks Build as Delta Cases Spread, Prices Gain
China’s economic risks are building in the second half of the year, with growth set to slow while inflation pressures are picking up, clouding the outlook for central bank support.A report Monday …
Shanghai has most innovative firms in China
China’s financial capital Shanghai boasts the most innovative companies in China, Shenzhen Special Zone Daily reported on Monday. Among the top 500 most innovative companies in China, 56 are …
Opel is ‘fresh sheet’ for Stellantis struggling in China
Parent Stellantis NV hopes upscale German EV brand Opel will revive its struggling fortunes in China, the world’s largest electric vehicle market.
China Telecom eyes $8.4 bn Shanghai IPO, world’s biggest in 2021
China Telecom could raise more than $8 billion in a Shanghai initial public offering that would be the biggest this year, months after it was delisted in the United States amid Washington’s stand-off …
Australia flags democracies’ trade swing from China to India
Australian special envoy and former Prime Minister Tony Abbott said a free trade agreement between his nation and India would signal the “democratic world’s tilt away from China.” …
China’s herd of wandering elephants finally heads for home
Fourteen wild Asian elephants have been guided across the Yuanjiang river in Yunnan, and a path leading back to their nature reserve is being made …
