Authorities in China cancelled hundreds of flights, closed schools and ramped up mass testing on Thursday to try and stamp out a new Covid-19 outbreak linked to a group of tourists.
Monthly Archives For October 2021
Parts of northern China brace for more COVID-19 lockdowns and curbs
Parts of northern China are bracing for more COVID-19 curbs as a wave of cases raises concerns of a broader outbreak, with three areas enforcing lockdowns, some schools halting classes, and an …
China Evergrande shares plunge as much as 14% in resumed trade after $2.6 billion deal collapses
China Evergrande shares have plunged as much as 14% in Hong Kong after the company said the sale of a key unit has fallen through.
What lies beneath? Hidden debt fears feed China’s property woes
Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers …
Struggling Chinese developer calls off $2.6B asset sale
A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets has called off the sale of a $2.6 billion stake in a subsidiary and …
China can’t look to Singapore for a way to live with Covid-19, health economist says
Singapore’s “experiment” to live with the coronavirus – and its subsequent spike in infections – might not be a useful model for China as it considers whether to reopen its borders, a Chinese health …
Northwest China city suspends school classes over COVID-19
Lanzhou, capital of northwest China’s Gansu Province, suspended in-person classes for local kindergartens, primary and high schools, and off-campus training institutions starting Thursday for COVID-19 …
Huawei gains mega industrial land in South China’s Shenzhen at lower floor price
Huawei Technologies Company won a land auction for an industrial plot in Shenzhen, South China’s Guangdong Province on Monday, at a reserve price of 298 million yuan ($46.6 million), with a floor …
Beijing targets top financial news outlet Caixin in media crackdown
China’s internet watchdog has said articles from Caixin, one of the most prominent and trusted Chinese business publications, can no longer be republished by online news services, in the latest blow …
Analysis-China’s Silence on Yuan’s Swift Gains Keeps Markets Buzzing
Beijing has so far not intervened directly or verbally during the yuan’s ascent since early September, which took it to 4-month highs and past 6.4 per dollar this week. The head of the currency …
BP signs 10-year pipeline gas deal with China’s Shenzhen Gas
SINGAPORE, Oct 21 (Reuters) – BP (BP.L) has signed a sales and purchase agreement with a unit of China’s Shenzhen Gas Group Co Ltd to supply piped natural gas for 10 years starting 2023, BP…
At least 1 killed, 33 injured in gas explosion in northeast China
At least one person was killed and 33 injured in a powerful explosion at a restaurant in the northeastern Chinese city of Shenyang on Thursday morning, according to local authorities.
Australia accuses China of undermining world trade
Australia delivered a withering denunciation of China’s trade policies Thursday, accusing Beijing of undermining the World Trade Organization and foot-dragging on promised economic reforms.
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