Hong Kong CNN — China’s outgoing Premier Li Keqiang has announced the country’s lowest GDP growth target in decades, highlighting the domestic and global challenges the world’s second largest economy still faces despite its decision late last year to ditch draconian anti-Covid measures. Li set a target of about 5% growth for 2023 during the […]
Hong Kong CNN — A Chinese city says it has destroyed a billion pieces of personal data collected during the pandemic, as local governments gradually dismantle their coronavirus surveillance and tracking systems after abandoning the country’s controversial zero-Covid policy. Wuxi, a manufacturing hub on China’s eastern coast and home to 7.5 million people, held a […]
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. […]