Luxury brands have cut their forecasts for growth in China from 18 to per cent to just three per cent, as Covid lockdowns continue to shatter consumer confidence. “There is a huge doubt about whether…
Monthly Archives For June 2022
For China’s elite graduates, career dreams take a back seat to stability in coronavirus-hit job market
When Hermione Zhang graduated with a master’s degree in Beijing last year, the 25 year old had high hopes of working at a commercial bank or securities firm in one of China’s biggest cities.
It is our economic achievements making low and middle industries leave for Vietnam: former Shenzhen mayor
It is the achievements in Guangdong that is making low and middle industries leave and head for Vietnam,” Tang Jie, former Shenzhen mayor said at a forum on Saturday. His remarks came after being …
Beijing cuts off bar-linked COVID-19 transmission chain
Beijing has virtually cut off the transmission chain of a COVID-19 cluster related to a bar, and the epidemic situation in the city is improving, local authorities said Saturday. The daily number of …
China reports 5 new local COVID-19 cases in last 24 hours
China reported five locally transmitted confirmed COVID-19 cases including three in Shanghai one each reported in Inner Mongolia Autonomous Region and in Liao …
China reports 159 new COVID-19 cases for June 18 vs 204 day earlier
Mainland China reported 159 new coronavirus cases for June 18, of which 36 were symptomatic and 123 were asymptomatic, the National Health Commission said on Sunday. That compared with 204 new cases a …
Layoffs and exits: Firms in China teeter under zero-COVID pressure
Fiona Shi lost her job twice during the pandemic—first, in 2020 when COVID ravaged the travel industry, and then this …
Beijing reports no new locally transmitted COVID-19 cases
People have lunch at a restaurant in a shopping mall of Beijing, capital of China, June 6, 2022. (Xinhua/Ren Chao) BEIJING, June 19 (Xinhua) — Beijing reported no new locally transmitted COVID-19 …
Southern China hit by severe rains, floods as ‘dragon boat water’ peaks
Vast tracts of southern China were pounded by severe storms, triggering flooding in cities and mudslides in rural areas, as the first bout of summer rains reached the peak of their power.
Global brands explore China’s new first-tier cities for growth
Retail sales in China went down in the first five months of this year, mostly due to COVID-19 restrictions. But international brands are exploring new ways to benefit from the country’s vast consumer …
‘Absurd’: Taipei rejects Beijing’s sovereign claims over Taiwan Strait
Taiwan has firmly rejected Beijing’s claims that it has sovereign rights over the Taiwan Strait, saying it stands by US freedom of navigation activities in international waters.
China announces new Hong Kong leader’s cabinet
China and Hong Kong issued a list of cabinet members on Sunday for incoming Hong Kong leader John Lee’s new administration, according to the official Xinhua news agency and a statement from the …
WHO Chief Tedros Privately Admits Coronavirus Leaked from China’s Wuhan Virology Institute – Report
Tedros was instrumental in shielding Beijing from the accusations from around the world over the role of the secretive Wuhan lab in the spread of the virus.
