Coronavirus-driven disruptions to economic activity have affected 160 million people this year and cost 18 trillion yuan (US$2.68 trillion), a top economist says, more than 10 times the toll of the …
Monthly Archives For May 2022
Coronavirus: China’s drones fail to deploy during Shanghai lockdown as aerial delivery fleet grounded by tight airspace and flight rules
Every major Chinese e-commerce or meal delivery operator has a fleet of unmanned aerial vehicles (UAVs), as drones are called in China. But their use in China’s tightly regulated airspace has been …
U.S. Updates Taiwan ‘Fact Sheet’ After China’s Misinterpretations
While U.S. Taiwan policy remains unchanged, the update appears to remove some commonly misinterpreted elements of Washington’s official position.
China says G7 concern over Hong Kong leader selection is interference
BEIJING, May 10 (Reuters) – China said on Tuesday that an expression of concern by the Group of Seven industrialised nations over the selection process for Hong Kong’s new chief executive was …
How China’s lockdowns are taking a toll on global companies
Virtually every corner of business has been disrupted in China as harsh lockdowns continue across the world’s second largest economy. Now big brands are revealing the damage to their bottom lines.
Tesla China Sales Slump In April As Covid Crisis Halts Production, Hammers Demand
Tesla’s China sales hit a two-year low last month thanks in part to a 22-day shutdown at its Shanghai gigafactory and a slump in consumer demand.
China Unicom raises $12 billion from private investors including Alibaba and Tencent
China Unicom, the second largest mobile carrier in China, has announced that it has managed to bring in $12 billion in private investment from companies such as Alibaba and Tencent by issuing shares.
China state planner expands draft list of sectors for foreign investment
China’s state planner on Tuesday solicited public opinion on 2022’s draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing …
China’s Iron Ore Imports to See Limited Growth in May after Falling in April
China’s iron ore imports stood at 87.28 million mt in March, down 14.5% year-on-year, but up 7.4% month-on-month. Many steel mills resumed their produ …
Chinese brands enhance global profile
A readiness to embrace technological innovation, China’s rapid economic growth and the advantages of a sizable domestic market have been the key factors enabling many Chinese brands to gain …
China medical experts say zero-Covid-19 strategy buys time to vaccinate more people
China’s tough zero-Covid-19 measures remain essential to defeat the pandemic and buy time to improve vaccination rates and develop new treatments, senior health advisers wrote in recently published …
How China’s Covid lockdowns are taking a toll on global companies
Virtually every corner of business has been disrupted in China as harsh lockdowns continue across the world’s second largest economy. Now big brands are revealing the damage to their bottom lines.
Tesla stutters under tighter Shanghai lockdown; Beijing keeps hunting COVID
Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories face trying to ramp up output under a tightening COVID-19 lockdown, while China’s capital kept up its …
