Beijing pivoted away from zero-COVID last month, fuelling hopes of an economic surge – but sick workers could weigh on activity, Charu Chanana said.
Monthly Archives For December 2022
Citigroup says it’s advancing plans to exit China consumer banking
Citigroup Inc. is advancing plans to exit its consumer banking business in China, a move that will affect about 1,200 employees in the country.
Citi’s exit from mainland China retail banking business to affect 1,200 employees
Citigroup first announced plans to exit consumer banking in 14 markets internationally, including mainland China, last year. It has since announced sales in nine markets.
Citigroup Moves to Exit China Consumer Banking
Citigroup is advancing plans to exit its consumer banking business in China, a move that will affect about 1,200 employees in the country.
Beijing’s Parcel Pileup Shows Strain of Zero-Covid Exit
Chinese e-commerce giant JD.com said it would dispatch 1,000 workers to Beijing to clear a backlog of deliveries, adding to mounting evidence that China’s exit from its zero-Covid policies has been …
China’s BYD to launch a second new EV brand in 2023 -executive
China’s BYD Co will launch a new “professional and personal” electric car brand in 2023, a senior executive said on Thursday as the automaker expands its range following a year of strong sales.
Chinese biotech start-up 3D Medicines bucks trend with strong Hong Kong IPO thanks to cancer-drug pipeline
The company bucked a trend in its Hong Kong trading debut on Thursday, becoming one of the few biotechnology listings in recent years to post a first-day gain on the market.
China appears to be facing what could be the world’s largest coronavirus outbreak yet
Scientists predict China will see a tsunami of COVID-19 cases in the next month with hundreds of millions of people infected.
U.S. Pans ‘China’s Malign Influence’ in Africa as Beijing Seeks ‘Open Mind’
“We welcome greater international focus on and investment in Africa, including from the U.S.,” Chinese Foreign Ministry spokesperson Wang Wenbin said.
China’s retreat from ‘zero-COVID’ turns messy
STORY: Video obtained by Reuters show people receiving IV drips on the street in central China.It’s a worrying sign that a wave of COVID infections is building after the country last week began dismantling its…
Citi Winding Down Consumer Bank in China, Affecting 1,200 Staff
Citigroup Inc said it will wind down its consumer banking business in China, a move which is expected to affect about 1,200 employees in the country.
China’s reopening brings both risks and opportunities, Asian Development Bank says
China’s reopening would pose both upside and downside risks to the country’s economy, Albert Park, chief economist at the Asian Development Bank said.
Citi to wind down consumer banking in china, affecting about 1,200 staff
Citigroup Inc will wind down its consumer banking business in China in a move that will affect about 1,200 local employees, the bank said in a statement on Thursday.
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