BEIJING: China’s Golden Week holiday this year is unlikely to see domestic travel rebound to pre-COVID-19 levels, industry estimates show, hurt by uncertainty over pandemic curbs and consumer fears …
Monthly Archives For September 2021
Beijing Olympics to Allow Spectators But Only Those in China
China is limiting spectators for the Beijing Winter Olympics to those residing within the country, as the nation applies its zero-tolerance Covid-19 strategy to the upcoming winter games.
China’s Golden Week travel not expected to return to pre-COVID levels this year
China’s Golden Week holiday this year is unlikely to see domestic travel rebound to pre-COVID levels, industry estimates show, hurt by uncertainty over pandemic curbs and consumer fears about the …
China 2022 import quota for corn, wheat same as previous year -state planner
China on Thursday set its low tariff rate quota for wheat, corn and rice imports in 2022 at the same volumes as the previous year. The Tariff Rate Quote (TRQ) for wheat imports in 2022…
China power crisis weighs on manufacturing activity, drops to lowest level since coronavirus outbreak
China’s official non-manufacturing purchasing managers’ index (PMI) bounced back to 53.2 in September, but the official manufacturing PMI fell to 49.6 …
Goldman Sachs was poised to triumph in China. What happened?
We’ll send you a myFT Daily Digest email rounding up the latest Goldman Sachs Group news every morning. For Goldman Sachs, taking control of its Chinese joint venture was meant to be the culmination …
Evergrande sells US$1.5bil stake in Shengjing Bank
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said it plans to sell a 9.99 billion yuan (US$1.5bil or RM6.46bil) stake in Shengjing Bank Co Ltd to a state-owned …
China Tells Bankers to Shore Up Property Market, Help Homebuyers
China has urged financial institutions to help local governments stabilize the rapidly-cooling housing market and protect the rights of some homebuyers, another signal that authorities are worried …
China factory activity unexpectedly shrinks, services recover
BEIJING :China’s factory activity unexpectedly shrank in September as high raw material prices and power cuts pressured manufacturers in the world’s second-largest economy, while the services sector …
China factory activity unexpectedly shrank in September amid higher material prices, power cuts
Manufacturers are facing heightened costs, production bottlenecks, and more recently, electricity rationing.. Read more at straitstimes.com.
Power Shortages Take the Juice Out of China’s Manufacturing, Caixin PMI Shows
Activity in China’s manufacturing sector held steady in September from the previous month, a Caixin-sponsored survey showed, as a power shortage and rising raw material prices dampened factory …
Chinese mainland reports 16 imported COVID-19 cases, 6 local infections
A supermarket employee delivers daily necessities to residents under close-off management in Bayan County, Harbin of northeast China’s Heilongjiang Province, Sept. 27, 2021. (Xinhua/Xie Jianfei) …
New China-made superconducting cable operational in Shenzhen
A new superconducting cable, self-researched and produced in China, and designed for high-capacity power transmission to a business district in Shenzhen, Guangdong province, was put into use on …