Shanghai reported about 26,000 new COVID-19 cases on Monday as China’s draconian “zero-COVID” strategy has failed to hold back the omicron BA.2 subvariant despite a weeks-long lockdown.
Monthly Archives For April 2022
Tianjin sends TCM medical team to aid Shanghai in battle against COVID-19
Tianjin sent a team of 78 traditional Chinese medicine (TCM) medical workers to help Shanghai fight COVID-19 pandemic on Monday. Xu Ning, a deputy chief physician from the First Teaching Hospital of …
US stocks fall as key bond yields rise and investors assess COVID-19 outbreak in China
US stocks fell on Monday as investors grapple with rising bond yields and the potential for further supply chain disruptions as China grapples with a COVID-19 outbreak. The 10-Year US Treasury yield …
COVID-19 Isolation Center at Middle School in Shanghai’s Baoshan District Packed
Shanghai residents infected with COVID-19 were relocated to an isolation center in Baoshan district as the city remained on lockdown, footage posted on Monday, April 11, shows.Video filmed by Weibo …
COVID lockdowns in Beijing, Guangzhou, Shanghai and around country
Even well-connected, influential people are not immune to medical tragedies caused by COVID-19 measures: Láng Xiánpíng 郎咸平, a well-known Chinese economist, said on Weibo today that his 98-year-old …
China Slashes LNG Purchases on High Prices and Pandemic Slowdown
China is slashing liquefied natural gas purchases as soaring global prices deepen import losses and pandemic lockdowns throttle domestic demand. Imports in the first quarter fell 14% from the same …
Blockchain innovations in the commodities markets: Stepping up during a turbulent time
Historically speaking, financial advisors and investors turned to commodities in tumultuous times to provide a non-correlated hedge against volatility in the equity and fixed income markets. While …
China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy
Sales fell more than 10%, with lockdowns in Shanghai and Jilin province affecting production and consumer purchases.
WHO says it closely watching China as it grapples with its worst Covid surge of the pandemic
The World Health Organization on Monday said it is monitoring a major surge in Covid cases in mainland China, an outbreak that local officials have attributed to the more contagious omicron BA.2 …
Executives are warned that China’s economic policies could present major challenges to local manufacturers
Greater Milwaukee Committee members were warned that China could present manufacturers with a larger problem than Russia.
US stocks plummet as Treasury yields soar to 3-year highs and investors assess COVID-19 outbreak in China
The 10-Year US Treasury yield surged to a high of 2.78% on Monday, representing its highest level since early 2019. The Dow fell over 400 points.
GM Establishes Continuity Plant In China Despite COVID-19 Outbreak
GM has announced a new global continuity plan developed with partners and suppliers that is intended to reduce uncertainty in the face of a recent surge in COVID-19 in China. Per a recent report from…
Panel: Beijing Closely Tracking Global Reaction to Ukraine Invasion
China’s Xi Jinping is closely monitoring what is happening to Russian President Vladimir Putin’s reputation following the invasion of Ukraine, retired Marine Corps Gen. James Jones said Monday. Xi is …
