In Shanghai, the long near total lockdown has meant empty streets, food insecurity, and rising anger and dissent. So why is China still pursing its iron clad COVID-zero strategy?
Tagged By finance
The U.S. will have more people by 2100 — Russia and China won’t. Why this matters to your stock portfolio now
If so, then the United States’ long-term economic prospects are relatively bright — relative to that of Russia and China, at least. That’s because these three countries’ populations are projected to …
China’s zero Covid strategy to defeat pandemic not ‘sustainable’: WHO chief
World Health Organization Director-General Tedros Adhanom Ghebreyesus on Tuesday said that China’s “zero-COVID” strategy isn’t sustainable given the virus’ ever-evolving nature. Speaking at a media …
JPMorgan’s ‘Uninvestable’ Call on China Was Published in Error
JPMorgan editorial staff in charge of vetting the bank’s research asked for “uninvestable … among global investors in relation to their China investment strategy, as they price in China …
China Has A Long-Term Retirement Savings Strategy – So Should The US
Chinese authorities announced a pilot program for a new private pension system to encourage its citizens to save for their retirement.
China Currency Crisis May Get a Sequel
China’s bulwarks against currency depreciation and capital outflows are stronger in some ways than in 2015, but the external environment is more threatening.
China fears for its overseas assets
Officials from China’s central bank and finance ministry held an emergency meeting with executives of major banks operating in China to find ways to mitigate the effects of possible US-led sanctions …
China state banks seen busy with FX swaps, pressing swap points to negative
SHANGHAI (Reuters) -China’s major state-owned banks were actively swapping yuan for dollars in the onshore forwards market on Tuesday, five banking sources said, pressuring swap points into negative …
Global financial institutions remain confident in China market
Despite COVID-19 flare-ups and increasing downward pressures on the economy, multiple global financial institutions have increased their presence or plan to do so in the Chinese market, casting a vote …
China state planner expands draft list of sectors for foreign investment
China’s state planner on Tuesday solicited public opinion on 2022’s draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing …
WRAPUP 1-Tesla stutters under Shanghai lockdown; Beijing keeps hunting COVID
SHANGHAI/BEIJING, May 10 (Reuters) – Tesla operated its Shanghai plant well below capacity on Tuesday, showing the problems factories there face trying to ramp up output under a tightening COVID …
Falling Deposit Rates in China May Help Banks Cut Loan Costs
China’s central bank repeated a pledge to proactively address mounting economic pressure and also highlighted a drop in deposit rates, a decline that could spur banks to lower the cost of borrowing …
China’s banking and insurance sectors resilient to risks, uncertainties
China’s banks and insurance institutions, which are fairly resilient to risks, intend to step up support to virus-hit sectors, an official told Xinhua. “The steady operation of the financial sector is …
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