A Beijing man has landed thousands of his neighbours in quarantine after he ignored an order to stay at home and later tested positive for Covid, prompting a police investigation.
Monthly Archives For May 2022
Pacific Islanders snub China by rejecting security pact
China has suffered its first setback in an escalating tug of war with western powers for dominance in the Pacific Islands after it failed to win support from countries in the region for a …
China Launches World’s First Drone Mothership; Likely To Be Used For Military Purposes
Its wide deck can carry dozens of unmanned vehicles, including drones Beijing claims the vehicle is designed for marine research purposes An analyst said it faces the risk of electronic jamming like …
The week in review: China launches ETF Connect, expands Bond Connect
Industrial profits in China dropped 8.5% year-on-year in April, according to the National Bureau of Statistics. For the first four months of 2022, industrial profits totalled Rmb2.658tr ($397bn), up 3 …
Oil prices: Brent crude tops $120 a barrel as China eases COVID curbs
Oil prices rose on Monday as China eased pandemic measures after nearly three months of lockdowns and traders anticipate a deal to limit Russian oil imports into the European Union. Over the …
Talking China down will again fall flat
Badmouthing China is not something new, and China’s economy is indeed facing a lot of downward pressure due to factors like the COVID-19 epidemic. But objectively speaking, these pessimistic opinions …
FX at one-month high on weaker dollar, China reopening hopes
The Chinese yuan rose to 6.6485, hitting a one-week high against the dollar, while the blue-chip CSI300 and Hong Kong stock indexes gained 0.7% and 2%, respective …
As Russia runs out of tanks, will China’s military take a hit?
Russia has lost thousands of tanks, aircraft and weapons in its invasion of Ukraine. Abandoned Russian vehicles have shown them to be heavily reliant on components made by other countries – many of …
NFT App Blocks Users in China, Sending Digital Tokens Plunging
Nine months after officially declaring all cryptocurrency transactions illegal, China still has the power to roil digital assets.
Alibaba Stock Is Rallying After China Moves to Ease Lockdown Measures
Alibaba is highly reliant on discretionary spending. The severe Covid-19 lockdowns have weighed heavily on the Chinese economy.
China Falls Short on a Big Pacific Deal but Finds Smaller Wins
Beijing has failed to persuade 10 Pacific nations to endorse a sweeping new pact but has signed several bilateral deals …
Shenzhen gives $4.5 million in e-CNY to boost consumption
The city of Shenzhen in South China’s Guangdong province is giving out digital RMB red envelopes valued at 30 million yuan ($4.51 million) through on-demand services platform Meituan to boost …
COVID-19 Test for the Dead Required in Shenzhen
Screenshots of a funeral home stating COVID-19 tests for the deceased should be provided have been shared online.
