After three years of quarantines pushed them close to shutting down, restaurant owner Li Meng and his wife are hoping for business to rebound after China rolled back severe anti-virus controls. As sales slowly revive, they face a new challenge: Diners are wary about the country’s wave of infections. On Wednesday night at 8 p.m., … Read more
Shanghai residents visited the waterfront Bund and ate and drank along streets patrolled by police early on Wednesday as people in China’s largest city savoured the easing of its severe two-month COVID-19 lockdown. The lockdown set back the national economy and largely confined millions to their homes, while its ruthless and often chaotic enforcement prompted … Read more
China will broaden its tax credit rebates, postpone social security payments and loan repayments, roll out new investment projects and take other steps to support the economy, state television quoted the cabinet as saying on Monday. Chinese policymakers have pledged to step up support for the world’s second-biggest economy, hit by COVID-19 outbreaks that have … Read more
Power cuts and even blackouts have slowed or closed factories across China in recent days, adding a new threat to the country’s slowing economy and potentially further snarling global supply chains ahead of the Christmas shopping season in the West. The outages have rippled across most of eastern China, where the bulk of the population … Read more