China’s retail sales slumped to its lowest in two years while factory output plunged, official data showed Monday, capturing the dismal economic fallout from Beijing’s zero-Covid policy.
Monthly Archives For May 2022
China’s April oil refinery output plunges to two-year low as COVID curbs bite
BEIJING (Reuters) – China processed 11% less crude oil in April than a year earlier, with daily throughput falling to the lowest since March 2020 as refiners slashed operations on weaker demand due to …
China’s economy cools sharply in April as lockdowns bite
China’s economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears the economy could shrink in the …
China economy: slowdown continues as industrial production, retail sales hit by coronavirus lockdowns
Restrictions across the country, especially the lockdown of China’s most prosperous city of Shanghai since late March, have continued to hit consumption, with retail sales dropping by 11.1 per cent in …
China’s economic data disappoint in April as Covid controls weigh
China reported a drop in retail sales and industrial production in April — far worse than analysts had expected.
Yields, S&P 500 Futures hold onto recovery moves amid Fed, China concerns
Furthermore, hopes of easing the virus spread in China spread optimism in Asia as the latest covid update from Reuters suggests softer numbers from Shanghai. “Chinese financial hub Shanghai reported …
Chinese auto brands see sales growth in Jan.-Apr.
Chinese car brands recorded an increase in sales in the first four months of this year, industry data shows. More than 3 million Chinese-brand passenger cars were sold in the January-April period, up …
China reports 1,227 new COVID cases for May 15 vs 1,789 a day earlier
Mainland China reported 1,227 new coronavirus cases for May 15, of which 151 were symptomatic and 1,076 were asymptomatic, the National Health Commission said on Monday. As of May 15, mainland China …
Harrow Beijing school loses its hallowed British branding
A Beijing school affiliated with the 450-year-old English public school Harrow has been forced to drop its famous brand name as part of a broad tightening of controls on education providers in China.
Raslag gets PSE approval for its June 6 IPO
China Bank Capital is the underwriter. The IPO will have a stabilization fund which will be managed by China Bank Securities. My quick glance at the prospectus didn’t reveal any obvious changes to the …
COVID-19 pushed 55M Africans into extreme poverty in 2020
The disruptions caused by the COVID-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020 and reversed more than two decades of poverty reduction in Africa, said a report by …
China has been quietly building a blockchain platform. Here’s what we know
Chinese President Xi Jinping has declared that his country needs to “seize the opportunities” presented by blockchain technology.
Asia stocks try to bounce, China data a risk
Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the…
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