China reported its first cluster of COVID-19 cases among workers in a meat processing plant, raising fears among local consumers who have until now mainly worried about the safety of imported foods. ( read original…
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China finds coronavirus cluster in major chicken processing plant
Timeline: China’s COVID-19 outbreak and lockdown of Wuhan
WUHAN, China (AP) — The Chinese city of Wuhan is looking back on a year since it was placed under a 76-day lockdown beginning Jan. 23, 2020. It was the most extreme step taken up…
Coronavirus in China: new film praises Wuhan ahead of lockdown anniversary
State-backed documentary follows residents and medical staff as they battled to contain the Covid-19 outbreak. ( read original story …)
China’s banking sector disposed of $467 billion soured assets in 2020: statement
China’s banking sector disposed of 3.02 trillion yuan ($466.6 billion) in non-performing assets in 2020, the country’s top banking and insurance watchdog said on Friday, up more than 50% from a year … ( read…
China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal, data shows
In 2020, China imported $100 billion of the U.S. goods agreed in the deal — roughly 58% of the targeted $173.1 billion, according to data compiled by PIIE. ( read original story …)
Remy Cointreau third-quarter sales beat forecasts with China, U.S
French spirits group Remy Cointreau posted a 25.1% rise in third quarter like-for-like sales, beating expectations, driven by strong demand for its premium cognac in the United States and in China, … ( read original…
Pompeo’s Xinjiang ‘genocide’ declaration presents Biden with an early China challenge
As Joe Biden prepared to be sworn-in as President, both the outgoing Trump administration and Beijing made a last minute play to shape his future China policy — and provide the first major foreign ……
China Cracks Down on Fake Divorces That Let People Buy More Properties
A resurgence in real estate prices in Shanghai and Shenzhen has prompted authorities to rein in speculation, in line with the Chinese government’s resolve to keep the property market in check. ( read original story…
China drives luxury brands
The rapid recovery in the Chinese economy has boosted luxury goods brands Compagnie Financière Richemont SA’s sales for the three months to end December. Though overall sales were only up 5% to €4.18 … (…
UPDATE 2-Chinese vaping firm RLX raises $1.4 bln in U.S. IPO – sources
Chinese vaping firm RLX Technology Inc sold shares in its U.S. initial public offering (IPO) on Thursday at $12 a piece, above its target range, to raise $1.4 billion, according to three sources with ……
Why State Aid Stirs Controversy From China to the EU
In theory, the system of free trade driving the world economy is supposed to provide a “level playing field” for all. In practice, countries have long complained that rivals unfairly dish out aid in ……
Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil … ( read…
Pro-Beijing Hong Kong politicians to be vaccinated before city residents
Beijing politicians in Hong Kong is set to be vaccinated against Covid-19 in mainland China, ahead of the rest of the city’s population, in order to attend the Chinese Communist party’s premier … ( read…
