Profits at industrial firms in China continued to decline in the first 10 months of the year, weighed down by Covid restrictions and falling factory-gate prices.
Monthly Archives For November 2022
China reports fourth straight daily record of new COVID-19 cases
China reported a record high of 39,791 new COVID-19 infections on Nov. 26, of which 3,709 were symptomatic and 36,082 were asymptomatic, the National Health Commission said on
COVID protests rock China as anger spreads
Protests are spreading across China as residents in several cities push back against the government’s heavy COVID-19 curbs almost three years into the pandemic.
China Covid Unrest Boils Over as Citizens Defy Lockdown Efforts
It began with a video on social media of a woman screaming in a burning building, an image that frightened people across China who have been facing rolling quarantines and lockdowns that can cause their…
Blockchain may have a green future regardless of crypto
Yet when green activists, politicians and scientists assembled at COP27 this month, Rosie Hampson, an executive director at Goldman Sachs, was happily talking of both. The Wall Street bank has joined …
China’s industrial profits fall at faster pace in Jan-Oct
Profits at China’s industrial firms fell at a faster pace in January-October as a resurgence of COVID-19 cases and a deepening property crisis weighed on factory activity and demand.
China’s Shenzhen limits occupancy at restaurants, indoor venues for COVID prevention
The Chinese city of Shenzhen said it will limit restaurant and other indoor venues to 50% occupancy as part of COVID prevention measures.
China’s bond market issuances top 4.58T yuan in October
Treasury bond issuances amounted to 827.18 billion yuan last month, and local government bonds worth 668.73 billion yuan were issued, according to the People’s Bank of China. Issuances of financial …
China Jan-Oct industrial profits fall 3.0% y/y
Profits at China’s industrial firms fell 3.0% in January-October from a year earlier, after a 2.3% slump in the first nine months, according to data from the National Bureau of Statistics (NBS) released on Sunday.
China reports fourth straight daily record of new COVID cases
China reported a record high of 39,791 new COVID-19 infections on Nov. 26, of which 3,709 were symptomatic and 36,082 were asymptomatic, the National Health Commission said on Sunday.
More anti-COVID protests in China triggered by deadly fire
Many protests could not be immediately confirmed, but in Shanghai, police used pepper spray to stop around 300 protesters who had gathered at Middle Urumqi Road at midnight, bringing flowers, candles …
Beijing residents break free from COVID lockdown
World Beijing residents break free from COVID lockdown. Posted . Residents in Beijing’s Chaoyang district, Ji Zhang, Zoe Zhang and Le Dong spoke to Reuters about how COVID-19 rest
Japanese chip company Ferrotec rejigs supply chains to access US and China
A Japanese chip equipment supplier has started to reorganise its supply chains and factories in a strategy designed to access both US and Chinese markets after Washington rolled out new chip export controls.
