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Monthly Archives For May 2022
The dollar’s dominance is here to stay as China’s zero-COVID strategy hurts the yuan, a Morgan Stanley strategist says
The dollar seems like “the cleanest dirty shirt” as the world economy deals with slowing growth and high inflation, according to Morgan Stanley.
Beijing’s Covid-19 wave unlikely to grow into mass outbreak: China health official
The wave of Covid-19 cases in Beijing is unlikely to become a large-scale outbreak, according to China’s top health official. In an online post on Friday night, Wu Zunyou, chief epidemiologist at the …
Shanghai Hunkers Down for Final COVID Battle, Beijing Outbreak Stubborn
Shanghai was tightening its COVID-19 lockdown for what it hoped would be the final week of its battle with the virus before it could gradually begin to ease restrictions, while Beijing kept fighting …
China gives up 2023 Asian Cup hosting rights – AFC
HONG KONG, May 14 (Reuters) – China has relinquished its rights to host the 2023 Asian Cup finals due to the COVID-19 situation, the Asian Football Confederation (AFC) announced on Saturday. The event …
China chipmaker, iPhone supplier dim outlooks
China’s biggest chipmaker and a major iPhone supplier cut their outlooks for the second quarter, joining a growing list of manufacturers warning about the fallout from lockdowns aimed at containing …
How China copes with challenges facing clothing industry exports How China copes with challenges facing clothing industry exports
Guangdong Province in south China is one of the country’s biggest clothing manufacturers … The central and local governments and business associations have come up with a slew of policies and …
China reports 253 new Covid-19 cases in 24 hours, with 194 in Shanghai
Shanghai also reported 1,487 locally-transmitted asymptomatic infections of the novel coronavirus on Friday, out of a total of 1,726 local asymptomatic carriers newly identified on the mainland …
China urges US to fulfill financial obligations to UN
The United States should shoulder responsibilities, take the lead in fulfilling its financial obligations to the UN, and act upon its commitment to multilateralism, Chinese foreign ministry …
(Poster) China in World Press: Global investment banks in China turn a profit
Global investment banks in China, such as JPMorgan Chase, Goldman Sachs and Morgan Stanley, made a profit in 2021, according to figures reported by the banks and seen by the Financial Times.
The world tries to move beyond COVID-19. China may stand in the way
China won a battle against its first outbreak in Wuhan, Xi said last week, and “we will certainly be able to win the battle to defend Shanghai,” he added, referring to the epi …
From Sony Playstations, Toyotas to Teslas, China Lockdowns Upend Global Supply Chains
Automakers from Toyota to Tesla are facing “unprecedented” costs and production hurdles. Sony is struggling to make enough PlayStations.
China expands its religious war to the Catholic Church
it forces technology transfers and steals hundreds of billions of dollars in foreign intellectual property. Evinced by major U.S. corporations such as Coca-Cola and Disney and institutions such as …
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