One should never forget that zero-covid is fundamentally one of Xi’s key political projects. As such, Chinese domestic politics dictated its implementation and will determine its end.
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Russia is now China’s biggest oil supplier, overtaking Saudi Arabia as Western demand for its crude has dropped
Imports of Russian oil to China have risen 55% over the past year, according to data from the Chinese General Administration of Customs.
China says economy sees rebound in May with stable foreign investment
A Chinese Foreign Ministry spokesperson on Monday said the country’s economy had seen a rebound in May, quoting a recent report which indicated that multinational companies have made “steady progress” …
Chinese court rules car sale made using digital currency invalid as Beijing’s unrelenting crypto crackdown continues
A Shanghai court voids a car sale contract, saying that cryptocurrencies do not have the same legal status as national fiat currencies, and should not be circulated in the market Ruling shows China’s …
NFT platforms in China increase from 100 to over 500 in four months
China declared a ban on cryptocurrency mining and trading last year. However, even after the ban, non-fungible tokens (NFTs) …
Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO — Commodities Roundup
Brent crude oil edged up 0.4% to $113.51 a barrel. –European natural gas prices rose 6.8% to EUR125.78 a megawatt hour. –Copper …
China’s Unpredictability Is “Poisonous” For Its Business Environment, EU Chamber Says
Unpredictability in China at a time when much of the world is moving beyond the Covid pandemic is “poisonous” for companies doing business in the country, according to a new report today by the …
Dynasty Fine Wines Announces Product Upgrades in 2022, Invigorates its Brands with More New Products Young and Chic
Dynasty Fine Wines Group Limited (“Dynasty” or the “Group”) (stock code: 00828), a premium grape winemaker in China, has upgraded its products in 2022, launching two smaller volume – 373ml and 180ml – …
‘Huge Uncertainty’ For EU Firms Over China’s Covid Curbs, Chamber Warns
Many European firms are rethinking their investments in China because of its strict Covid controls, a top business group said Monday, warning that disruptions had pummelled operations. While the rest …
China’s May very-low-suphur marine fuel exports up 15% from April
China’s exports of very-low-sulphur marine fuel rebounded 15% in May versus April as the country’s merchandise exports recovered, but still stood nearly 10% below the year-ago level, customs data …
China’s zero-Covid policy prompts European companies to review operations
Almost one-quarter of European companies in China are reviewing their investments as business confidence plummets in the world’s biggest consumer market and factory floor. According to a survey by the …
Column-Iron ore suffers short-term demand woes, longer-term China threat: Russell
The spot price of iron ore has had a torrid time lately, caught between short-term concerns about the economic health of top buyer China and a longer-term threat to the current market system as …
China IPO fundraising doubles US total to top global ranks
Their presence ensured a steady flow of deals even in the depths of lockdown and helped bring total fundraising from new listings in China to almost $35bn this year, more than double the $16bn raised…
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