China’s central bank said on Monday it will cut the amount of foreign exchange reserves that financial institutions must hold, a move seen as aimed at slowing the yuan’s recent depreciation.
Monthly Archives For September 2022
China’s lockdowns and other risks have companies looking to diversify supply chains
The move reflects larger trends among global manufacturers that are increasingly looking toward India and other emerging markets as potential hubs outside of China, the world’s current leader in …
China approves world’s first inhalable Covid-19 vaccine
Chinese drug regulators have approved the world’s first inhalable Covid-19 vaccine, made by Tianjin-based manufacturer CanSino Biologics, boosting the company’s share price by seven percent on Monday.
China locks down 65 million, discourages holiday travel
China has locked down 65 million citizens under tough COVID-19 restrictions and is discouraging domestic travel during upcoming national holidays. Most of the 21 million people in the southwestern …
Southwest China quake leaves 21 dead, triggers landslides
At least 21 people were reported killed in a 6.8 magnitude earthquake that shook China’s southwestern province of Sichuan on Monday, triggering landslides and shaking buildings in the provincial …
China-focused Welkin plans $300-million London IPO
The planned IPO comes despite a dearth of flotations this year owing to volatile market conditions since Russia’s invasion of Ukraine and against a backdrop of rising geopolitical tensions between th …
China’s Kaisa aims to present offshore debt revamp plan in Q4 -sources
Chinese property developer Kaisa Group aims to finalise an offshore debt restructuring proposal in the fourth quarter after China’s party congress in October, two people with direct knowledge of the …
Coronavirus: students in China face another unpredictable school year amid outbreaks and strict measures
Many schools delayed the semester start due to outbreaks, and even for schools resuming on time, remote learning, mask mandates and Covid tests remain For one mother, daily testing of her high-school …
China earthquake leaves at least 7 dead in southwest region with many under COVID lockdown
The region is often rattled by temblors, but this one struck with many residents confined to their homes amid another COVID lockdown.
China quake: Deadly tremor rocks Sichuan city in lockdown
The quake struck at 13:00 local time (05:00 GMT) in Sichuan province at a depth of 10km (6 miles). The impact severed telecommunications lines and triggered mountain landslides that caused “serious …
As China Imposes More Covid Lockdowns, ‘Everyone Is Scared’
Nearly every province has recorded Covid cases in recent days, leaving some 60 million residents in lockdowns. The seemingly endless restrictions are leaving Chinese people wearier by the day.
China’s 2022 property sector outlook worsens, home prices seen falling
Woes in China’s residential property market are expected to deepen this year as homebuyers remain cautious, with economists now expecting home prices to fall in 2022 and betting on a faster drop in …
China to speed up science popularization to become a sci-tech power China to speed up science popularization to become a sci-tech power
China will further facilitate the popularization of science to encourage innovation throughout the society, said a Chinese official on Monday.
