Flooding and extreme high temperatures have caused multiple deaths in eastern China as summer heat descends earlier than usual. Record-high …
Monthly Archives For July 2022
Taiwan says Foxconn needs govt approval for any China chip firm investment
Taiwan’s Foxconn, the world’s largest contract electronics maker, would need Taiwanese government permission if its unit were to invest in embattled Chinese chip conglomerate Tsinghua Unigroup, a …
China’s Big Tech companies, from Tencent to ByteDance, cut back on strategic investments as Beijing’s scrutiny continues
Tencent has downsized its investment department, months after TikTok owner ByteDance dissolved its own strategic investment unit The Shenzen-based internet giant made just 32 investments and …
China Readies $1.1 Trillion to Support Xi’s Infrastructure Push
China is making 7.2 trillion yuan ($1.1 trillion) in funds available for infrastructure spending, a decisive shift away from a focus on controlling debt toward supporting a lockdown-ravaged …
China June fiscal revenues rise 5.3% y/y, excluding VAT credit rebates
China’s fiscal revenues rose 5.3 per cent in June from a year earlier, after excluding the impact from VAT credit rebates, the finance ministry said on Thursday.For the first half of the year, fiscal …
China reports 366 new COVID cases for July 13 vs 338 a day earlier
China reported 366 new COVID-19 infections on July 13, of which 121 were symptomatic and 245 were asymptomatic, the National Health Commission said on Thursday.
China Hands Three Big Airlines $1.64 Billion In COVID Compo
The Chinese Government is handing out money to local airlines as borders remain shut and international seat capacity stagnates.
Big US casino operators like Wynn and MGM stand to lose millions after China’s gambling capital of Macau shut down operations to curb COVID-19
China’s gambling capital has shut down operations for the first time since February 2020 in an attempt to curb its worst outbreak of COVID-19 yet.
Is the COVID-19 pandemic over? No. It’s still a worldwide ‘public health emergency’
Not only is the COVID-19 pandemic not over, but the spread of the virus continues to be a global public health emergency.
China second-quarter GDP: five things to watch
On Friday, the National Bureau of Statistics will quantify the “little” price Xi insists is worth paying in the continued pursuit of his “zero-Covid” approach when it releases its estimate for …
Solomon Islands PM rules out China military base and says Australia is ‘security partner of choice’
In his first interview since the security deal with Beijing, Manasseh Sogavare says he would only call on China if there was a ‘gap’ that Australia could not fill …
China’s Credit Market Is Moving Into Fresh Phase of Distress
The pain is only just beginning, according to Charlene Chu, a former Fitch Ratings analyst known for her warnings about China’s debt risks. “We’ve got a property sector that …
Banking Waves: China to Release Frozen Bank Funds After Rural Protests
The bank protests have come amid a broader slowdown in the Chinese economy, which is estimated to have grown by an anemic one percent during the second quarter of 2022.
ADVERTISEMENT
