While the war gets uglier, China is facing blowback from the rest of the world as the country refuses to repudiate Moscow.
Monthly Archives For May 2022
China To Ease Stringent Covid-19 Lockdown In Shanghai
Shanghai will try again to reopen in a few days after it has eliminated Covid-19 transmission among the population at large as an outbreak in China’s largest city subsides, an official said Friday.
China’s new bank loans in April tumble as COVID-19 jolts economy
BEIJING: New bank lending in China tumbled in April from the previous month as the COVID-19 pandemic jolted the economy and weakened credit demand, central bank data showed on Friday (May 13), after …
China’s loans tumble as coronavirus lockdowns hold back credit growth
Chinese banks extended 645.4 billion yuan (US$95.3 billion) in new yuan loans in April, down sharply from March and falling short of analyst expectations, according to data released by the People’s …
Beijing residents face mass testing, work from home
STORY: Most residents were more calm on Friday after rushing to supermarkets to stock up on food and other supplies the previous evening.”I did stock up food a while ago, but I didn’t yesterday. I…
Where are Chinese property investors buying now?
Despite travel restrictions, Australia remains favoured by Chinese property investors while Thailand and the UAE are of interest too …
China’s tech workers face layoff bloodbath amid crackdown, losses
Rather than a pink slip from his boss, Zhang Wei found out he was about to lose his job at Chinese video streamer iQiyi via a work group chat. Zhang’s supervisor only confirmed the news…
UPDATE 1-China April new bank loans tumble to 645.4 bln yuan, below forecast
BEIJING, May 13 (Reuters) – New bank lending in China tumbled in April from the previous month as the COVID-19 pandemic jolted the economy and weakened credit demand, even as the central bank pledges …
Apple Suppliers, Top Chipmaker Succumb to China Lockdowns
(Bloomberg) — China’s biggest chipmaker and a major iPhone … US Senator Delays Aid Vote; Russia Eyes Border Crypto Billionaires’ Vast Fortunes Are Destroyed in Weeks More Than $200 Billion …
Valued at $50M, Body404 wants to bring Chinese indie brands to the world
Shein has taken over online fast fashion by exporting affordable wear from China to customers around the globe. Its success has attracted a wave of imitators, but a startup called Body404 believes …
China loan growth misses estimates
China’s central bank has promised to help but it lacks a solution … During lockdowns, there are many individuals and companies who suffer from loss of wages and loss of business, so therefore there …
China shipping: freight rates tumble as coronavirus controls slow export growth
Strict zero-Covid controls helped send China’s export growth to its lowest rate in almost two years in April, with hopes of recovery set to face multiple headwinds from prolonged lockdowns, global …
The World Tries to Move Beyond Covid. China May Stand in the Way.
Xi Jinping has redoubled his country’s efforts to control the virus, even as a growing number of leaders call on Beijing to change course.
