China’s sudden reopening is set to offer a boost to a flagging world economy. The growth impulse will be felt through services sectors such as aviation, tourism and education as Chinese people pack …
Monthly Archives For January 2023
UPDATE 1-China’s central bank injects fresh funds through medium-term loans, rate unchanged
China’s central bank stepped up liquidity injections on Monday, offering more loans to some banks through its medium-term lending facility – a move that comes ahead of the Lunar New Year when …
In China, No Easy Way to Get Pfizer’s COVID Drug Paxlovid
Chinese authorities have acknowledged that supplies of Paxlovid are still insufficient to meet demand, even as Pfizer CEO Albert Bourla said last week that thousands of courses of …
China braces for COVID holiday surge as people leave megacities for hometowns
Luggage-laden passengers flocked to railway stations and airports in China’s megacities on Monday, heading home for holidays that health experts fear could intensify a COVID-19 outbreak that has …
China appoints hardliner Zheng Yanxiong as its top representative in Hong Kong
Zheng was among the officials sanctioned by the US for undermining Hong Kong’s autonomy and freedoms …
Iran’s oil exports surge amid demand from China, Venezuela
Iran’s oil exports are surging to their highest level in several years despite the ongoing U.S. sanctions amid strong demand from China and Venezuela.
China aims to grow local infosec industry by 30 percent a year, to $22 billion by 2025
China’s government has declared the nation’s information security industry needs to grow – fast. A document with the catchy title of “Guiding Opinions of Sixteen Departments Including the Ministry of …
China’s Dec home prices decline further, more cities record falls
China’s new home prices fell for the fifth straight month in December as COVID-19 outbreaks hurt demand, but the dismantling of strict pandemic curbs and hope for more support measures have brightened the outlook.
China growth seen rebounding to 4.9% in 2023, more stimulus on the cards
China’s economic growth is likely to rebound to 4.9% in 2023, before steadying in 2024, a Reuters poll showed, as policymakers pledge to step up support for the COVID-ravaged economy. Gross domestic product (GDP) likely…
Oil dips, but hovers near 2023 highs on China demand optimism
Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top…
China’s GDP Report Set to Show Damage From Covid Zero Exit
China’s key economic data this week will likely show a marked weakening in growth at the end of last year after the Covid Zero policy was abruptly ended, although attention is quickly shifting to a…
Coronavirus: China-Myanmar border towns eye revival after Covid
The city of Ruili is slowly creaking back to life as China ditches its zero-tolerance Covid strategy after years of strict lockdowns and other gruelling restrictions.
China’s fourth-quarter and full-year GDP: five things to watch
China’s National Bureau of Statistics will on Tuesday release what is likely to be its third consecutive disappointing estimate for quarterly expansion, as the world’s second-largest economy falls …
