Chinese stocks slid again on Tuesday as a broad package of measures to support the economy underwhelmed investors who continue to fret over the nation’s strict Covid Zero policy.Most Read from …
Monthly Archives For May 2022
Coronavirus: tougher action for Beijing in China’s tussle between virus and zero-Covid goal
Tougher and more thorough coronavirus measures have been pledged for China’s capital Beijing after a monthlong stalemate in its push to reach “dynamic zero”. The city reported 48 new local infections …
China Customs Released April Coking Coal Import Data
According to data from the General Administration of Customs, in April 2022, China imported 4.2564 million mt of coking coal, of which 40% came from Russia, which was 1.7067 million mt, an increase of …
Beijing banned crypto mining, so China miners went underground
Beijing’s decision to ban cryptocurrency mining in September last year looked to be the end for an industry where China led the world. Not so, it seems, as companies running the power-hungry …
Chinese inhalable COVID-19 booster vaccine safe and effective: study
A clinical trial in China has shown that an inhalable COVID-19 booster vaccine is safe and effective in adults.
Airbnb to pull all listings in mainland China amid prolonged lockdowns and the country’s harsh Covid-zero policy: report
According to CNBC, Airbnb stays in China have made up just 1% of the company’s revenue over the last few years.
WRAPUP 1-Beijing ramps up COVID quarantine, Shanghai residents decry uneven rules
Beijing stepped up quarantine efforts to end its month-old COVID outbreak as fresh signs of frustration emerged in Shanghai, where some bemoaned unfair curbs with the city of 25 million preparing to …
central bank conducts reverse repos to boost liquidity
China’s central bank Tuesday conducted 10 billion yuan (1.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was …
China’s yuan eases, weighed by rising economic slowdown worries
China’s yuan eased against the dollar on Tuesday, as investors continued to grapple with the domestic COVID-19 situation, and more investment banks trimmed their growth outlook for the world’s …
China to Maintain Net Export of Refined Zinc in May
According to the latest customs data released by the General Administration of Customs, in April 2022, China’s refined zinc imports were 1,500 mt down 92.8% month-on-month and 96.23% year-on-year.
Graphics: Why China needs to stick to its ‘zero-COVID policy’
But why does the Chinese government choose to stick with the stringent policy? What are the consequences if the country drops it without any intervention? Let’s first take a look at a couple of data.
China’s bet on homegrown mRNA vaccines against Covid-19 holds back nation
Studies have consistently shown that vaccination with mRNA vaccines made by Pfizer-BioNTech and Moderna offer the best protection against hospitalization and death from COVID-19. Chinese vaccines made …
China Offers Bonds, Tax Breaks As New Medicine For Ailing Economy
Tax breaks and a bond drive for Chinese aviation and railway firms are among a blizzard of fresh measures agreed by China’s economic planners to gee up an economy stunted by a coronavirus surge. China…
