BEIJING: Authorities in China cancelled hundreds of flights, closed schools and ramped up mass testing on Thursday (Oct 21) to try and stamp out a new COVID-19 outbreak linked to a group of tourists.
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Flights cancelled, schools closed as China fights new COVID-19 outbreak
At least 3 dead in apparent gas explosion in north China
An apparent gas explosion gutted part of a high rise in northern China on Thursday morning, killing at least three people and injuring 30. It occurred at a hotel in Shenyang, a city of more…
China coal futures slump as gov’t signals intervention to ease power crisis
China’s thermal coal futures fell the maximum permitted 11% on Thursday, extending losses run up since Tuesday when Beijing signalled it might intervene to cool surging prices that have led to power …
At least 3 killed, more than 30 injured in gas explosion in northeast China
At least three people were killed and more than 30 injured in a powerful explosion at a restaurant in the northeastern Chinese city of Shenyang on Thursday morning, according to local authorities.
Biden Needs Leverage Over China. Here’s How to Get It.
As a U.S. diplomat managing our relations with China, I often was asked, “What is our leverage over China?” Beijing was always either doing something we didn’t like — buying oil from Iran, building a…
China wipes Boston Celtics from NBA broadcasts after Enes Kanter slams Tibet abuses
The Boston Celtics are facing blowback in China after center Enes Kanter posted a video voicing his support for Tibetan independence. The reaction was swift. Chinese video-streaming giant Tencent cut …
Flights cancelled, schools closed as China fights virus outbreak
Authorities in China cancelled hundreds of flights, closed schools and ramped up mass testing on Thursday to try and stamp out a new Covid-19 outbreak linked to a group of tourists.
Parts of northern China brace for more COVID-19 lockdowns and curbs
Parts of northern China are bracing for more COVID-19 curbs as a wave of cases raises concerns of a broader outbreak, with three areas enforcing lockdowns, some schools halting classes, and an …
China Evergrande shares plunge as much as 14% in resumed trade after $2.6 billion deal collapses
China Evergrande shares have plunged as much as 14% in Hong Kong after the company said the sale of a key unit has fallen through.
What lies beneath? Hidden debt fears feed China’s property woes
Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers …
Struggling Chinese developer calls off $2.6B asset sale
A major Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt rattled financial markets has called off the sale of a $2.6 billion stake in a subsidiary and …
China can’t look to Singapore for a way to live with Covid-19, health economist says
Singapore’s “experiment” to live with the coronavirus – and its subsequent spike in infections – might not be a useful model for China as it considers whether to reopen its borders, a Chinese health …
Northwest China city suspends school classes over COVID-19
Lanzhou, capital of northwest China’s Gansu Province, suspended in-person classes for local kindergartens, primary and high schools, and off-campus training institutions starting Thursday for COVID-19 …
