In Asia, monetary policy is far less hawkish. The central banks of China, South Korea and Indonesia meet this week and only one, the Bank of Korea, is expected to raise rates. The People’s Bank…
Monthly Archives For August 2022
China reports 2,181 new Covid-19 infections, tourist spots worst hit
China reported 2,181 new Covid-19 cases, as conditions worsen in the country’s biggest outbreak since the lockdown of Shanghai earlier this year. About 553 people were confirmed to be infected and …
China launches S&T activities to inspire innovation
China on Saturday launched its national science and technology (S&T) week activities to inspire innovation throughout the society. Huang Kunming, a member of the Political Bureau of the Communist …
Xiaomi, World’s No. 3 Smartphone Brand, Says 2nd Qtr Profit Plunged By 83% Amid Economic Headwinds
Net profit at Beijing-headquartered Xiaomi, the world’s No. 3 smartphone brand, plunged by 83% in the three months to June from a year earlier to 1.36 billion yuan, or $200 million, amid “continued …
Power crunch in Sichuan province adds to manufacturers’ woes in China
The Chinese province of Sichuan activated its highest emergency response on Sunday to deal with “extremely outstanding” power supply deficiencies, adding to manufacturers’ w …
Explained: Why Is China Suffering From Electricity Shortages And Factory Closures?
The rolling blackouts in China have led to factory shutdowns. The extreme heatwave has led to a disruption of the region’s supply of water and hydropower, which has significantly impacted electricity …
China’s robot industry bolts forward
The World Robot Conference 2022 showcased more than 500 sets of robots, with over 30 of them making world debut. * In China, the robot industry has been developing extremely quickly, injecting strong …
MGM China to inject $594 million into Macau unit to re-tender for casino license
Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in …
China plans to use chemicals to generate rain to protect its grain harvest
The hottest, driest summer since the government began recording rainfall and temperature 61 years ago has wilted crops and left reservoirs at half their normal water level.
China arrests Cardinal Zen and religious freedom now faces a grim future in Hong Kong
I have been inside a Chinese prison, and it is grim to say the least. The imprisonment of 90-year-old Catholic Cardinal Joseph Zen would be a death sentence. In May 2022, Hong Kong authorities …
MGM China to inject $594 mln into Macau unit to re-tender for casino license
Casino operator MGM China Holding said it will inject 4.8 billion patacas ($594 million) into its MGM Grande Paradise unit as it prepares to re-tender for a licence to operate its gaming business in …
Power crunch in Sichuan adds to manufacturers’ woes in China
The Chinese province of Sichuan activated its highest emergency response on Sunday (Aug 21) to deal with “extremely outstanding” power supply deficiencies, adding to manufacturers’ woes in the region …
China ignored border pact, Galwan valley clash cast a shadow on ties: EAM
While attending an Indian community event in Sao Paulo in Brazil, External Affairs Minister S Jaishankar said that China has disregarded the border pacts …
