Chinese e-commerce giant Alibaba has said its profit fell 59 percent in the last fiscal year, joining other tech firms that reported lackluster results while grappling with COVID restrictions and a …
Monthly Archives For May 2022
Fangcang Diaries: China’s Makeshift Covid Hospitals, from Wuhan to the Future
By mid 2020, many thought Fangcang, China’s Covid-19 makeshift hospitals, had become a thing of the past. Instead, they have become a part of the country’s future. Chinese soc …
Oil Prices Hit Two-Month High as China Eases Lockdowns
Oil prices rose to their highest level in more than two months Monday, driven by China’s tentative emergence from Covid-19 shutdowns. A renewed push by European Union leaders to strike a deal that …
Crypto markets pick up as China eases lockdowns
Bitcoin yesterday extended its streak of declining weekly returns to a record nine weeks, with the price of the largest cryptocurrency closing the week at just above the $29k mark. Previously, Bitcoin …
Covid continues to cloud China supply chain
China announced the lifting of measures to end a two-month long lockdown in Shanghai from 1 June, and a simultaneous loosening of restrictions on manufacturing. Nevertheless, supply from the country …
‘Biz scale of foreign firms in China maintained’
BEIJING: Foreign-funded companies in China have deemed the East Asian country’s business environment to be promising, with the vast majority either maintaining or expanding the scale of their business …
Germany Says U.N. Rights Chief’s Trip to China Fell Short of Expectation
A trip by U.N. human rights chief Michelle Bachelet’s to China fell short of expectation to provide a transparent clarification of human rights violation allegations in the region of Xinjiang, Germany …
Pokémon Psyduck toy becomes symbol of China’s lockdown headaches
Psyduck, a headache-prone Pokémon character given out in KFC children’s meals has become China’s most wanted toy as people seek ways to express their frustrations over COVID-19 lockdowns. Now some …
China’s banking sector ratchets up support to boost economy
As the fallout of COVID-19 continues to weigh on the world’s second-largest economy, China’s banking sector has ratcheted up support measures to boost the economy, channeling funds to where they are …
Cash crisis amid China’s stalling economy: rural banks freeze accounts, regulators playing ‘pass the parcel’
Deposits at four rural banks in the central Chinese province of Henan have been frozen since April 18, sparking protests in the provincial capital city of Zhengzhou President Xi Jinping has placed …
China leverages fiscal policies to spur decarbonization
China’s Finance Ministry unveiled a guideline on Monday further leveraging the role of fiscal policies to achieve the country’s carbon peaking and carbon neutrality goals. By 2030, a fiscal and …
China-Europe freight train departs Shanghai as COVID-19 measures eased
The China-Europe Freight Train transport service in Shanghai has resumed its export business on the express line, after the metropolis eased COVID-19 measures that were put in place against a new wave …
Taiwan FM to ‘Post’: China preps to invade us, Israel can’t trust Beijing
“China is an authoritarian country and they do business in a very different philosophy,” Wu told The Jerusalem Post in a video interview from his office in Taipei. “Sometimes they use trade as a …
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