Health experts and economists warn it will be mid-2023 and possibly 2024 before vaccination rates are high enough and hospitals are prepared to handle a possible rash of infections.
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China fire was government’s fault – victim’s daughter
A woman whose mother and four siblings died in a fire in the Chinese city of Urumqi has blamed the government for their deaths. China operates a strict zero-Covid policy, resulting in many lengthy …
China’s trade likely shrank further in November as external, local demand weakened: Reuters poll
China’s exports and imports likely contracted further in November due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls, a Reuters poll …
Blockchain-based Avalanche to support Alibaba Cloud’s Asian infrastructure services
According to Cointelegraph, Avalanche’s partnership with Alibaba Cloud is expected to ensure the development of tools to permit users to launch validator nodes on Asian Avalanche’s public blockchain p …
Crypto’s biggest losers: Meet billionaires who lost the most in 2022
It’s not been an easy year financially for crypto billionaires. The market suffered a trillion-dollar crypto crash. This resulted in thousands of lawsuits as investors attempt to recoup their lost …
Spicy! Weilong Delicious kicks off IPO
Chinese spicy snack food maker Weilong Delicious Global Holdings … CICC, Morgan Stanley and UBS are sponsors, global coordinators, bookrunners and lead managers on the IPO. BNP Paribas and Futu …
Morgan Stanley upgrades China stocks as global investors cheer on Covid reopening hopes
Global traders are increasingly feeling more bullish on China, as they bet the country will gradually unwind Covid restrictions following widespread protests.
China stocks surge, yuan jumps past 7 per dollar after COVID curbs eased
“The China reopening trade maintained its strong momentum in the beginning of this week. The positive headlines continued to fuel risk sentiment in China,” said Ken Cheung, Chief Asian FX Strategist …
China’s Covid pivot may be damned by faint praise
Beijing’s abandonment of its draconian zero-Covid policy has reassured markets and calmed protesters, but it may not do much for the economy. It is one thing to stop harsh lockdowns and ease travel …
Oil prices rise after OPEC+ keeps output cut targets, China eases COVID curbs
SINGAPORE -Oil prices edged up on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a price cap kicking in on Russian crude. At the same time, in…
China might have seen the stirrings of a revolution with the COVID protests, but the country’s youth isn’t finished lying flat
China’s youth are an incredibly diverse generation, say experts, and protesting doesn’t mean they’re going to stop “lying flat” anytime soon.
Asian shares bank on China opening; oil climbs
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China’s patchy COVID easing sows confusion but comforts investors
A partial easing of the world’s toughest COVID-19 curbs sowed confusion across China on Monday, even as global investors cheered the prospects of a broader policy shift in the wake of last month’s …