U.S. officials told Reuters in recent days they remain wary about China’s long-standing support for Russia in general, but that the military and economic support that they worried about has not come …
Monthly Archives For May 2022
China’s Covid-19 Outbreak Cools Metals Rally
The pandemic’s resurgence in China has helped pull metals prices down from highs hit following Russia’s invasion of Ukraine. Worries that new economic lockdowns will erode demand from the world’s …
U.S.-China Relations Bouncing Along the Bottom: Lavin
Frank Lavin, founder and chairman at Export Now, discusses the relationship between the U.S. and China, what that means for relations with other Asian nations and whether the U.S. is a reliable …
Covestro sees China lockdown blow in Q2, higher energy costs
German chemicals maker Covestro expects COVID-19 lockdowns in China to significantly affect business in the second quarter, its finance chief said on Tuesday, while its 2022 energy costs could also …
Beijing city closes gyms and bans dining in as Covid controls tighten
Over the weekend, the capital city of Beijing closed theme parks and banned dining in restaurants to control Covid — just as a five-day holiday got underway. In Shanghai, the city announced Saturday …
The Controversy Over China’s New Embassy in London Reflects Growing Tensions With the West
Now, however, it’s the world’s rising superpower that will write the next chapter: China, which purchased the site for $250 million in 2018 to house its new U.K. Embassy, its largest in Europe and, in…
Consumption vouchers able to help China’s economic recovery Consumption vouchers able to help China’s economic recovery
After the U.S. subprime mortgage crisis in 2008, China launched a policy of “home appliances and cars to the countryside.” The policy used financial funds as support and directly subsidized specific …
Monsters of Rock: China PMIs in the toilet in dank news for miners
“That helps explain why China’s COVID‑19 lockdown have had a negative impact on commodity prices. New export orders (i.e. external demand) also weighed on China’s official manufacturing PMI, but was …
2 more people rescued from collapsed China building, including woman buried for 88 hours
Rescuers transfer a ninth person pulled from the rubble, 88 hours after a self-built residential building collapsed in Changsha, central China’s Hunan Province, on May 3. (Chen Zeguo/Xinhua/The …
China ODM Wingtech taps deeper into semiconductor sector
China-based ODM Wingtech Technology has seen semiconductor sales significantly bolster its profits since acquiring in late 2019 Nexperia, a Dutch supplier of discrete and MOSFET components as well as …
China reports 368 fresh local Covid-19 infections, 20 fatalities
A total of 4,271 COVID-19 recovered in the past 24 hours, while as many as 16,266 people are still undergoing treatment in hospitals across the country. With 20 deaths, all in Shanghai, reported in …
WRAPUP 1-Some in Shanghai come out for air as Beijing resumes mass COVID tests
SHANGHAI/BEIJING, May 3 (Reuters … China has given no hint of deviating from its “zero COVID” policy. Yahoo Finance …
Some in Shanghai come out for air as Beijing resumes mass COVID-19 testing
Beijing, with dozens of new cases daily in an outbreak in its second week, is banking on mass testing to locate and isolate infections and avert a Shanghai-like lockdown. The capital of 22 million …
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