Hong Kong CNN — Three years of strict pandemic controls in China and a real estate crash have drained local government coffers, leaving authorities across the country struggling with mountains of debt. The problem has gotten so extreme that some cities are now unable to provide basic services, and the risk of default is rising. […]
Hong Kong CNN — China’s southwestern province of Sichuan will drop restrictions on unmarried people having children, part of a broader attempt by the government to boost the country’s plummeting birth rate. The policy shift came after China’s population shrank last year for the first time in more than six decades, marking a historic moment […]
Hong Kong CNN — Economic activity in China has expanded for the first time in four months as disruptions caused by the abrupt end of its zero-Covid policy appears to be fading. The official purchasing managers’ index (PMI) for manufacturing, which measures activity at factories, jumped to 50.1 in January from 47 in December, according […]
CNN — For three months, the disappearance of Hu Xinyu gripped China. The whereabouts of the 15-year-old, who vanished from a boarding school in southern Jiangxi province in October, was for months among the most discussed topics on the Chinese internet. It prompted numerous questions, speculation and round after round of exhaustive police searches – […]
CNN — China saw 226 million domestic trips during the Lunar New Year holiday, state media reported, a 74% surge from last year after the government lifted all travel curbs under its now-abandoned zero-Covid policy. For the first time in three years, Chinese people were free to travel without the hassle of quarantine or fear […]
London CNN — China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to […]
Hong Kong/Atlanta CNN — LVMH posted record results Thursday, and expressed confidence that China’s luxury market would bounce back this year as the country continues to reopen. The world’s biggest luxury group logged revenue of €79.2 billion ($86.2 billion) and profit of €21.1 billion ($22.9 billion) for 2022, both up 23%. In a presentation, the […]
CNN — A former graduate student in Chicago was sentenced to eight years in prison Wednesday for spying for the Chinese government by gathering information on engineers and scientists in the United States. Ji Chaoqun, a Chinese national who came to the US to study electrical engineering at the Illinois Institute of Technology in 2013 […]
CNN — The Biden administration has recently raised concerns with China about evidence it has suggesting that Chinese companies have sold non-lethal equipment to Russia for use in Ukraine, in an effort to ascertain how much Beijing knows about the transactions, according to two US officials. That equipment includes items like flak jackets and helmets, […]
CNN — Temperatures in China’s northernmost city plunged to minus 53°C (minus 63.4 degrees Fahrenheit) – its coldest ever recorded, meteorologists said. Located in the northeastern Heilongjiang province and nestled near Russian Siberia, Mohe is widely known as “China’s North Pole” and is one of the few places in the country to have a subarctic […]
