China’s aviation sector will aim to turn losses into profits this year with an expected recovery to 85% of its pre-COVID volume of domestic passenger trips, the aviation regulator said on Monday. …
Monthly Archives For January 2022
China sees growth in loans to small businesses
China issued more inclusive loans to small and micro firms by the end of November in 2021, official data showed. The outstanding inclusive loans to small and micro businesses totaled 18.7 trillion …
Winter Olympics spur foreign sports brands’ investments in China
Li Yanli, a professor at Beijing Sport University, said that the successful bid of the Beijing Winter Olympics has enhanced the domestic sports consumption potential and expanded the sports market, …
New Oriental laid off 60,000 staff after China’s education crackdown, founder says
China’s New Oriental dismissed 60,000 employees and saw operating income plunge by 80% after Beijing enforced new sweeping rules on the country’s private education industry that barred for-profit …
China’s COVID-19 Border Restrictions Wreak Economic Havoc in Southeast Asia
Strict Chinese border controls imposed to prevent COVID-19 outbreaks ahead of next month’s Beijing Winter Olympics have wreaked economic havoc for neighboring countries in Southeast Asia, grinding the …
Supreme Court Rejects Plea Seeking Direction To Centre To Take Action Against China For Deliberately Spreading COVID-19 As A Biological Weapon
On Monday, the Supreme Court dismissed a Writ Petition filed by a lawyer enrolled with the Karnataka Bar Council seeking the Apex Court’s intervention to direct the Centre to take action against …
China on high alert as Covid-19 cluster in Tianjin edges closer to Beijing weeks before the Olympics
Officials in Beijing are on high alert just weeks out from the start of the Winter Olympics, after China’s first local outbreak of the Omicron variant spread from the northern port city of Tianjin to…
China’s Mass Testing Blitz After Reporting First Community Spread of Omicron
China saw its first omicron cases in the community, igniting a mass testing blitz in the northern city of Tianjin as the country strives to maintain its zero-tolerance approach to Covid in the face of…
China’s tech regulatory cycle could hit a trough in August or September, says UBS
Jerry Liu of the financial services firm says there’s “good news” for investors as the current cycle of the country’s crackdown on the technology sector is likely to ease in 2022.
Tech-focussed STAR market lifts China shares; Hong Kong gains
China shares rose on Monday, led by Shanghai’s tech focussed STAR Market amid reform expectations, while Hong Kong shares gained on sustained rebound in technology shares.
Community spread of COVID-19 basically blocked in China’s Xi’an
Xi’an, capital city of northwest China’s Shaanxi Province, has basically stopped the spread of COVID-19 in communities one month after the resurgence of the epidemic hit the city, thanks to stringent …
Over 1.21 bln in China fully vaccinated against COVID-19
Over 1.21 billion people in China have been fully vaccinated against COVID-19, a Chinese health official said at a press conference Saturday. Nearly 2.89 billion COVID-19 vaccine doses had been …
China Detects More Omicron Cases, Bigger Lockdowns, Check Points
China reported more cases of the highly transmissible Omicron coronavirus variant on Monday, with authorities on high alert over flare-ups in major cities just weeks ahead of the Beijing Winter …
