The Chinese city of Shenzhen told 100 major companies including iPhone maker Foxconn to set up “closed-loop” systems as it battles Covid-19, according to a document attributed to the local government …
Monthly Archives For July 2022
Variety show celebrates Beijing’s cultural triumphs
An orchestra performs during the Culture Festival of Western Hills and Yongding River Beijing on July 25. [Photo provided to China Daily] A variety show featuring various art forms including symphony, …
Indonesia to renew support for China in rare Beijing visit
China’s investment dollars are increasingly important for Indonesia and that is why Beijing is the first stop for President Joko Widodo this week.
Indonesia’s Widodo Arrives In Beijing For Diplomatic Talks With Xi Jinping
Indonesian President Joko Widodo has arrived in Beijing and will have bilateral meeting with his Chinese counterpart Xi Jinping. Widodo is on a trip to visit China, Japan and South Korea where he is …
Analysis: Crisis of confidence stifles China’s economic recovery
Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume its expansion, even if authorities bring new …
Beijing can manage Henan bank crisis and mortgage strike, say analysts
In recent weeks in China, bank protests have erupted in Henan province, where depositors’ bank accounts have been frozen since April, with large numbers of homebuyers refusing to pay their mortgages.
China money rate falls to 1-1/2 year low ahead of month-end demand
China’s key money market rate touched a 1-1/2-year low on Tuesday, showing little sign of stress due to ample liquidity ahead of month-end peak demand for cash.
China just approved its first domestic anti-COVID pill, Azvudine, and is ready to produce 6.8 billion pills a year at half the price of Pfizer’s Paxlovid
China’s health regulator approved the country’s first ever domestic COVID-19 pill on Monday, providing Beijing with a new tool to fight the virus as the country battles fresh waves of cases fuelled by …
Shenzhen factories face further Covid restrictions
Hon Hai Precision (Foxconn), Huawei and ZTE were reportedly among some 100 companies impacted by fresh restrictions on production imposed by Chinese city Shenzhen, following a rise in Covid-19 …
Beijing hits back as UK leadership contenders sharpen China rhetoric
Beijing has urged candidates vying to be Britain’s next Prime Minister to refrain from “hyping up the so-called ‘China threat,'” as foreign relations with the Asian economic giant emerge as a key …
China OKs jointly built civil helicopter but no nod yet for Airbus’ version
China has granted certification to the AC352 utility helicopter it is jointly producing with Airbus , state media said on Tuesday, even as the European planemaker awaits Beijing’s nod to sell its …
China Tech Lifts Asian Stocks From Pre-Fed Torpor: Markets Wrap
Stocks in Asia received a fillip Tuesday from China’s technology sector, helping to alleviate some of the caution in global markets ahead of a hotly anticipated Federal Reserve interest-rate hike.Most …
GEM, a Leading Green Enterprise in China, will land on the Swiss Exchange
GEM (stock code: 002340), a company listed on the Shenzhen Stock Exchange, announced that on June 22, 2022, that the China Securities Regulatory Commission (CSRC) gave its approval for the company to …
