China’s commercial hub of Shanghai faces an unexpected round of mass COVID-19 testing for most residents this weekend – just 10 days after a city-wide lockdown was lifted – unsettling residents and raising concerns about the impact on business. Racing to stop a wider outbreak after discovering a few cases in the community, authorities have … Read more
Between 2018 and 2020, the U.S. and China fought the biggest trade war since the 1930s, hiking tariffs, upending markets and threatening to plunge the global economy into recession. Since then, the battle has been the subject of dozens of economic studies and lots of political posturing in both countries. Who won? Figuring out the … Read more
Following a gradual decline in daily COVID-19 infections in Shanghai, the city has closed half of its make-shift hospitals, warning the citizens of possible epidemic rebounds in some old neighbourhoods. The patients treated at makeshift hospitals in Shanghai have dropped to about 50,000, one-fifth of the peak number when the epidemic was at its worst, … Read more
At least 39 people were missing and 23 trapped in a six-storey residential building collapse in China‘s central Hunan province, authorities said on Saturday. Chinese President Xi Jinping has ordered all-out efforts to rescue the trapped and injured people. Five people have been rescued and admitted to nearby hospitals. The six-story building, which has a … Read more
Restaurants in Beijing have been ordered to close dine-in services over the May holidays as the Chinese capital grapples with a COVID-19 outbreak. Authorities said at a news conference Saturday that dining in restaurants has become an infection risk, citing virus transmissions between diners and staff. Restaurants have been ordered to only provide takeout services … Read more
The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the surge, with another 26,087 cases announced on Monday, only 914 of which showed symptoms. The city of 26 million is under a tight lockdown, with … Read more
Imbalances in the Chinese economy have worsened and delayed China’s transition to consumption-led growth, the International Monetary Fund said in an annual review on Friday, slashing its outlook for the country this year. The IMF assessment, in its Article IV review, reflects growing concern among some economists and officials that greater state intervention in the … Read more
Chinese President Xi Jinping on Tuesday announced USD 500 million assistance to support the livelihood programs in five Central Asian Countries and expressed Beijing’s opposition to colour revolutions “fomented” from outside. Xi along with five Central Asian countries, namely Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan held a summit via video link on Tuesday to commemorate … Read more
He also said that holding each other back or shifting blame would only lead to a needless delay in the response and also distract us from the main objective. Chinese President Xi Jinping on Monday said joint efforts are the only way to overcome the COVID-19 pandemic and called for fair distribution of vaccines and … Read more
Australia and Japan’s new defense pact sends a strong message to China — that the two countries will work closely to ensure a stable Indo-Pacific region, a senior analyst from an Australian think-tank said Friday. Japanese Prime Minister Fumio Kishida met his Australian counterpart Scott Morrison virtually on Thursday. The two countries signed a reciprocal … Read more