Memorial Day is a week away, but the days leading up to the holiday should be relatively quiet in Washington, D.C., with President Joe Biden visiting Asia and the House not is session. Here’s what’s…
Monthly Archives For May 2022
To Fight Inflation, Biden Considers Cutting Trump Tariffs on China
President Joe Biden said Monday that he is considering cutting Trump-era tariffs on Chinese goods as a measure to combat inflation. “I am considering it. We did not impose any of those tariffs. They …
China’s ‘new normal’ of daily Covid-19 tests risks looking increasingly abnormal as rest of world moves on
In many Chinese cities, residents must have a negative Covid-19 test within two or three days of entering a public venue, disrupting many elements of daily life Authorities say the policy is necessary …
Airbnb set to pull domestic business out of China: report
Airbnb is expected to close its business operations in China amid the country’s harsh COVID-19 policies and local competition, according to reports. All of mainland China’s homes and …
Chinese Company’s Latest Achievement Helps Global Healthcare Providers Diagnose Novel Coronavirus
DEMETICS Medical Technology Co.Ltd is a leading company in China’s smart medical industry, it’s latest thoracic CT+AI+5G scientific research develops a DEMETICS®2019-nCoV system, which has been widely …
How China Could Spark A Major Reversal For Oil Prices
Since the full breakout of the COVID-19 virus across the world in 2020, China’s strictly-enforced ‘zero-COVID’ policy has damaged its economic growth engine and its appetite for the oil and …
Airbnb shuts down its local business in China.
The home rental service is the last remaining large U.S. internet business in China. By Erin Griffith Airbnb, a home rental company, plans to shut down its domestic business in China, in a further …
Airbnb Reportedly Shutting Down Listings In China
After years of struggling with Covid-19 setbacks and stiff domestic competition, Airbnb is shutting down nearly all operations in China, CNBC reported Monday.
China’s online maps dotted with Covid-testing booths as testing becomes routine under zero-Covid strategy
so that local governments can better monitor coronavirus transmission. Following recent outbreaks in Shenzhen and Shanghai, China has been tightening control measures across the country. Nucleic-acid …
Cities in China not under lockdown still feel the pain
The northern Chinese city of Tianjin has been out of a lockdown since last month, but businesses there are still not able to work normally. “Forty percent of our local members here had to halt…
Is China ‘Uninvestable’ and What Does That Even Mean?
President Xi Jinping inveighed against the “disorderly expansion of capital” as he launched punishing regulatory and antitrust campaigns against the private sector, from Big Tech to after-school …
What Didi’s US exit tells us about China and Wall Street
Less than a year after its US market debut, Chinese ride-hailing giant Didi Global is set to leave Wall Street. A majority of shareholders voted on Monday to stop trading the firm’s shares via the…
X Financial Reports First Quarter 2022 Unaudited Financial Results
X Financial (NYSE: XYF) (the “Company” or “we”), a leading online personal finance company in China, today announced its unaudited financial results for the first quarter ended March 31, 2022. First …
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