Hong Kong CNN Business — China’s Singles Day, the world’s biggest annual shopping event, is known for regularly smashing sales records. This year’s bonanza, which wraps up on Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), will likely be no exception: Analysts expect it to rack up 1 trillion yuan ($140.8 … Read more
Hong Kong CNN — China has reiterated its unswerving commitment to its longstanding zero-Covid policy, despite mounting public frustration the stringent measures are costing the very lives they’re intended to protect. Unfounded rumors of an exit from the costly strategy had sent Chinese stocks soaring last week, but at a news conference Saturday, Chinese health … Read more
New Delhi CNN Business — It has been almost three years since Covid-19 first hit China, but the country’s relentless adherence to lockdowns continues to hobble business and the economy. Top global and Chinese companies, from carmakers to tech giants, have experienced huge disruptions to their business in recent days as the world’s second-largest economy … Read more
CNN — Selena Gomez is trying to keep her hands – and everything else – to herself for a while. The singer on Wednesday shared on Instagram that she has contracted Covid-19 and was forced to cancel a planned appearance on “The Tonight Show Starring Jimmy Fallon.” “I’m not going to be on Fallon tonight,” … Read more
Hong Kong CNN — China’s economy is faltering. Unemployment is skyrocketing. Endless Covid lockdowns are wreaking havoc on businesses and people’s lives. The property sector is in crisis. Ties between Beijing and major global powers are under strain. The list of problems faced by the world’s second-largest economy goes on – and many of those … Read more
Hong Kong CNN — As a new, deadly virus overtook the central city of Wuhan and spread throughout China in early 2020, the country’s ruling Communist Party and its leader Xi Jinping were faced with a crisis on a scale not seen in decades. In Wuhan, there was chaos. The city shut itself off from … Read more
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Beijing CNN — During China’s National Day holiday in early October, several expatriate friends and I took our young … Read more
CNN — A young woman stands on her balcony, crying out in desperation after her building was ordered into lockdown. Fighting back tears, she shouts abuse at the hazmat-suited workers below in a video that has recently gone viral on social media platform Weibo and which appears to encapsulate the Chinese public’s growing frustration with … Read more