A COVID lockdown in Beijing would put more pressure on the Chinese economy, which is expected to grow at its slowest pace in three decades.
Monthly Archives For April 2022
China’s Beijing city to expand mass COVID testing to more districts
Beijing will expand its mass COVID-19 testing campaign to another 10 districts and one economic development area from Tuesday to Saturday, an official for the Chinese capital said late on Monday.
Science Round-Up: Corona was never a major threat to children, concludes study
Liver cirrhosis, on the other hand, is often discovered too late to save a patient’s life. But all that could change thanks to a stunning Danish breakthrough. Science Round-Up: Corona was never a …
Two-thirds in US and China concerned about tensions between superpowers: survey
A majority of adults in the U.S. and China are growing increasingly concerned about economic and military tensions between the two superpowers. According to a new survey released by the Morning …
China’s Zero COVID Policy to Renew US West Coast Port Congestion
Lockdowns in Shanghai and elsewhere are resulting in shortages, as there’s a backlog of goods waiting to be moved within China and around the world.
China’s cross-border e-commerce gains growth momentum, bolsters consumption
China’s cross-border e-commerce has gained momentum amid the COVID-19 epidemic, providing broader market opportunities and driving domestic consumption growth. The market size of cross-border …
China’s first court ruling on NFT art theft holds marketplace accountable
An NFTCN user listed an NFT using a cartoon picture created by artist Ma Qianli without permission, the plaintiff said The court decided that the platform failed to check whether the user who created …
China’s latest COVID outbreak spooks investors, and U.S. cases and hospitalizations are rising again
A fresh outbreak of COVID-19 cases in Chinese capital Beijing was dominating headlines on the pandemic on Monday as health officials reacted with …
China Lowers Banks’ FX Reserve Ratio to Curb Yuan Weakness
China moved to limit the drop in the yuan by cutting the amount of money that banks need to have in reserve for their foreign currency holdings.Most Read from BloombergNew Texts Shed Light on Elon…
China’s First Ever Private Pension Scheme – What You Need to Know
Beijing has announced a new private pension scheme to better serve the rapidly aging society, opening up new opportunities in the China pension market.
A major hedge fund in China that cut its domestic stock exposure to zero expects returns to be worse than in 2008
Shanghai Banxia said COVID, Ukraine, and Federal Reserve rate hikes would make this year harder for fund managers to get returns than 2008.
China Lockdown Amps Up Inflation Scare for Global Markets
The inflation scare that’s dominated much of the investment backdrop this year keeps finding new ways to send shockwaves through markets.Most Read from BloombergUkraine Latest: U.S. Vows to Step Up …
China to cut forex deposit reserve requirement in ‘clear signal to stabilise yuan’
The People’s Bank of China (PBOC) said on Monday that it will cut the amount of foreign exchange deposits banks have to set aside by one percentage point to 8 per cent from May 15.
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