Rolling coverage of the latest economic and financial news …
Monthly Archives For November 2022
Is Covid back? China reports sharp rise in coronavirus cases; 40,000 in fifth consecutive day
the Hong Kong-based South China Morning Post reported on Monday. The People’s Daily, the Communist Party’s mouthpiece on Sunday vowed in a front-page commentary to “unwaveringly” stick with the existing controls to curb the spread…
Oil prices slide as China’s COVID protests spark demand worries
Oil prices slumped on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer stoked concern about the outlook for fuel demand. Brent crude dropped $2.43,
Evergrande crisis: Chinese developer’s Shenzhen plot sold to local government-backed buyer for US$1 billion
The 10,376-square-metre plot in Shenzhen’s Nanshan district was sold to government-backed Shenzhen Anju Jianye Investment Operation Evergrande bought the land in 2017 for 5.55 billion yuan with the …
BBC journalist ‘beaten and kicked by the police’ as protests spread across China
Edward Lawrence, a journalist at the BBC, was arrested by police in Shanghai at the scene of protests on Sunday night, according to the BBC and as captured on what appears to be mobile phone…
Bitcoin slips following China Covid-zero protests
The nerves stoked by China come during a period of vulnerability for crypto markets, which are on edge over the contagion spreading from the fall of Sam Bankman-Fried’s FTX exchange and sister trading …
China’s digital economy seeing growth, CAST official says
The value of China’s digital economy reached 45.5 trillion yuan ($6.32 trillion) last year, accounting for 39.8 percent of the nation’s GDP, Zhang Yuzhuo, vice-president of the China Association for …
Cross-border e-commerce brings opportunities to inland China city
According to statistics provided by Yinchuan Customs, among the exports, about 30 percent are those sold with bonded logistics and cross-border e-commerce. “The bonded logistics system in Ningxia …
China Skincare Billionaire’s Giant Biogene Raises $10 Million In IPO Over-Allotment
Giant Biogene Holding, a China skincare products supplier that listed at the Hong Kong Stock Exchange on Nov. 4, has raised the equivalent of $10 million though the sale of 3.39 million over-allotment …
Breakingviews: Protests leave China facing a terrible trilemma
Officials’ muddled response to spiking Covid cases has set off three consecutive days of demonstrations spanning cities and social classes. The government, having wasted two years prematurely …
Blank sheets of paper become symbol of defiance in China COVID-19 protests
(Photo: AFP/Hector RETAMAL) SHANGHAI: Chinese protesters have turned to blank sheets of paper to express their anger over COVID-19 restrictions in a rare, widespread outpouring of public dissent that has gone beyond social media to…
China reports sharp spike in COVID-19 cases amid renewed protests against President Xi Jinping, lockdowns
The protests against COVID-19 lockdowns have spread to Beijing even as China reported close to 40,000 coronavirus cases on Monday as authorities scrambled to contain the fresh surge in infections. For the fifth consecutive day,
Rare protests are spreading across China. Here’s what you need to know
From Shanghai to Beijing, protests have erupted across China in a rare show of dissent against the ruling Communist Party sparked by anger over the country’s increasingly costly zero-Covid policy.
