China’s Shenzhen limits indoor venue occupancy, asks public to work from home

China’s Shenzhen limits indoor venue occupancy, asks public to work from home

BEIJING: The Chinese city of Shenzhen said it will limit restaurant and other indoor venues to 50% occupancy as part of its COVID prevention measures. New arrivals to the southern city will be barred from entering venues such as theatres and gyms for the first three days, it also said in a government notice on … Read more

China’s covid lockdowns could threaten half of economy

China’s covid lockdowns could threaten half of economy

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country’s gross domestic product. Authorities on Sunday placed Shenzhen’s 17.5 million residents into lockdown for at least a week amid a surge of Covid-19 infections in the city, an action that Bloomberg Economics … Read more

China shuts business center of Shenzhen to fight virus surge

China shuts business center of Shenzhen to fight virus surge

China’s government responded Sunday to a spike in coronavirus infections by shutting down its southern business center of Shenzhen, a city of 17.5 million people, and restricted access to Shanghai by suspending bus service. Everyone in Shenzhen, a finance and technology center that abuts Hong Kong, will undergo three rounds of testing after 60 new … Read more

Hong Kong to allow residents of mainland to vote in election

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Hong Kong authorities will set up polling stations at the border with mainland China to allow Hong Kongers living there to vote during upcoming legislative elections, the city’s leader said Tuesday. During the Dec. 19 legislative elections, registered Hong Kong permanent residents living in the mainland will be able to cross the border into the … Read more

Evergrande gave workers a choice: Loan us cash or lose your bonus

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When the troubled Chinese property giant Evergrande was starved for cash earlier this year, it turned to its own employees with a strong-arm pitch: Those who wanted to keep their bonuses would have to give Evergrande a short-term loan. Some workers tapped their friends and family for money to lend to the company. Others borrowed … Read more