China’s factory inflation surged again in July, following a short-lived retreat in the previous month, as commodity prices remained high despite the government’s steps to rein in costs.The producer …
Monthly Archives For August 2021
China’s July factory price growth quickens, adds to business cost pressures
China’s factory gate prices in July rose at a faster clip from the previous month and exceeded analyst expectations, adding to pressure on businesses struggling with high raw material costs, while …
China tests 11 million Wuhan citizens for COVID-19 in less than a week, as it fights Delta outbreaks across the country
The city where coronavirus was first detected in late 2019 has had a resurgence of the virus — and it took just days to do a staggering number of tests.
China’s Wuhan completes citywide Covid-19 testing in SIX days, finds 37 cases & 41 asymptomatic carriers among 12mn residents
The city of Wuhan has tested virtually every resident, except for children under six and those on vacation, in a sweeping effort to prevent a new Covid-19 outbreak in the metropolis where the pandemic …
China Stock Market May Snap Losing Streak
The China stock market has moved lower in two straight sessions, slipping almost 20 points or 0.5 percent along the way. The Shanghai Composite Index now rests just beneath the 3,460-point plateau …
Oil slumps on China travel curbs, strong U.S. dollar
Oil prices dropped 2% on Monday, extending last week’s steep losses on the back of a rising U.S. dollar and concerns that new pandemic curbs in Asia, especially China, may set back the global recovery…
China’s Henan reports 41 new locally transmitted confirmed COVID-19 cases
Central China’s Henan Province reported 41 new locally transmitted confirmed COVID-19 cases on Sunday, the provincial health commission said Monday. Of the confirmed cases, 40 were previously …
China’s tech tycoons lose $87bn of wealth after Beijing crackdown
Beijing’s regulatory assault on China’s technology industry has lopped $87bn off the net worth of the sector’s wealthiest tycoons since the start of July, hitting the fortunes of magnates such as …
Delta broke down Australia and China’s defenses. Does it spell the end of the zero Covid strategy?
A few months ago, some Asia Pacific countries seemed smug about containing Covid-19. The contagious delta variant has broken down their defenses — and shown coronavirus isn’t something that can be …
Beijing 2022: Get set for the double standards Olympics
Tokyo has been an unexpected blast and, from the perspective of Team GB, a mighty triumph. A Games that could easily have been underwhelming has instead proved a tonic. But the Olympics never rest and…
Golden Horse IB launches 2 new blockchain-based apps for investors
GOLDEN Horse Investment Bank Ltd (GHIB) launched two new digital applications using its newly developed digital finance platform underpinned by the Golden Horse blockchain technology.The …
China Can’t Lead on Crypto With Isolationism
Don’t think of Beijing’s policies toward virtual currencies as a global pacesetter. They’re part of the broader turn inward.
China’s Yangzhou steps up COVID-19 prevention, control
Yangzhou, east China’s Jiangsu Province. Yangzhou now has one high-risk area and 75 medium-risk areas for COVID-19, and the city authorities have strengthened the prevention and control measures to …
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