China economy again on bumpy road as Covid infection surge detracts recovery
1 year, 11 months ago

China economy again on bumpy road as Covid infection surge detracts recovery

India TV News  

With resurge of Covid cases, China economy once again is staring at downfall trend. "If the virus were highly infectious and everyone's life were in danger, the government wouldn't let go.” On Tuesday, the government announced it would relax restrictions on travel out of China and resume issuing passports for tourist travel for the first time in nearly three years. "The flow of people and the risk of respiratory infectious diseases in winter may make the epidemic situation more complicated.” The ruling party faces increased pressure to get consumers out of their homes and spending as global demand for Chinese exports weakens after the Federal Reserve and European central banks raised interest rates to cool economic activity and tame surging inflation. The American Chamber of Commerce in China says more than 70% of companies that responded to a poll this month “were confident that China will recover from the current COVID outbreak in early 2023, allowing inbound and outbound business travel and tourism to resume thereafter.” ING economist Iris Pang wrote in a report that the export slowdown will make recovering from lockdowns harder. “Of course, there are still risks, but we just need to take self-protection measures.” Also Read: China's fighter jet flew close to US military plane over South China Sea; pilot manoeuvres to avoid collision

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History of this topic

From BRICS to APEC: Chinese charm offensive and Xi Jinping's renewed outreach
1 month ago

From BRICS to APEC: Chinese charm offensive and Xi Jinping's renewed outreach

Firstpost  

China’s economic slowdown and the impending Trump presidency have prompted a shift in its diplomatic approach, marked by a rework in tone, which has been somehow braced by the outgoing Biden administration and traditional US allies, like Japan On November 15, Chinese President Xi Jinping met Japanese Prime Minister Shigeru Ishiba on the sidelines of the Asia-Pacific Economic Cooperation summit …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
1 month, 2 weeks ago

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?

Live Mint  

China is expected to unveil significant economic measures Friday at the conclusion of the National People's Congress Standing Committee meeting, aiming to revive its struggling economy, AP reported. Analysts believe China may need substantial, multi-trillion-yuan initiatives to reinvigorate growth in the world’s second-largest economy, which has yet to recover fully from the COVID-19 pandemic. Any new spending or economic boost …

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS
1 month, 3 weeks ago

China has been plunged into a major financial crisis - this is how it could damage the investments in YOUR pension or Isa: JOHN-PAUL FORD ROJAS

Daily Mail  

China is in a major economic crisis - perhaps the most serious since it set out on its dizzying trajectory of economic growth more than four decades ago. The People's Bank of China is taking action against a screeching slowdown in economic growth by cutting interest rates and offering more support to banks and the housing sector 'It is fair …

China’s Communist Party charts technology- and security-focused development for reviving the economy
5 months, 1 week ago

China’s Communist Party charts technology- and security-focused development for reviving the economy

Associated Press  

BANGKOK — In a year of major elections that will determine the destinies of many countries, China’s ruling Communist Party is holding closed, top-level meetings in Beijing to set strategies for reviving its slowing economy. State broadcaster CCTV said the agenda for this year’s meetings is to study and endorse “all-around deepening reforms.” Nearly a half-century after the late leader …

Vantage | Why even the Chinese don't want to invest in China now
9 months, 2 weeks ago

Vantage | Why even the Chinese don't want to invest in China now

Firstpost  

A woman reacts in front of an electronic screen displaying stock prices at a brokerage house in Hangzhou in east China's Zhejiang province, on 5 February, 2024. Chinese investors rush abroad For decades, China’s economy resembled a glamorous cruise liner, attracting investors from around the globe eager to partake in its prosperity. However, recent headlines from Beijing tell a different …

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival
1 year ago

China's Xi Jinping says economic recovery 'still at critical stage', lists measures for revival

Firstpost  

“It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, prevent and defuse risks,” said Xi As sluggish domestic activity and property sector woes drag on a post-pandemic rebound, President Xi Jinping on Friday said that China’s economic recovery is at a “critical stage”. “At present, the country’s economic recovery is still at …

China's pneumonia scare: Transparency please
1 year, 1 month ago

China's pneumonia scare: Transparency please

Live Mint  

China, where covid broke out in November 2019, is in the spotlight again. The World Health Organization has asked the country for details on an increase in respiratory illnesses and reported clusters of pneumonia in children. In a recent statement, the WHO noted an increase in influenza-like ailments compared to the same autumn of the past three years in China’s …

Spike in illnesses isn’t a new pathogen, China reassures WHO
1 year, 1 month ago

Spike in illnesses isn’t a new pathogen, China reassures WHO

Salon  

An outbreak of respiratory illnesses in China has sparked alarm, but the sudden rise in sickness is not related to a new virus, according to Chinese health authorities. So far, the data suggests that there’s nothing out of the ordinary, but both the WHO and China have been criticized in the past for not being entirely transparent about the COVID-19 …

Is COVID making a return to China this winter?
1 year, 1 month ago

Is COVID making a return to China this winter?

Firstpost  

China’s leading respiratory illness expert Zhong Nanshan has warned of a minor COVID-19 surge in the winter and urged the elderly and vulnerable populations to get vaccinated as soon as possible Concerned about an increase of COVID-19 infections in the current winter season, Chinese experts have issued an alert and advised vaccination for vulnerable and old groups. The Chinese Centre …

China on ALERT over likely COVID-19 relapse ahead of winter
1 year, 1 month ago

China on ALERT over likely COVID-19 relapse ahead of winter

India TV News  

COVID-19 alert: Ahead of the winter season, an alert has been sounded across China about the relapse of COVID-19 infections and experts have asked elderly and vulnerable populations to get vaccinated. The Chinese Centre for Disease Control and Prevention showed that a total of 209 new severe COVID-19 cases and 24 deaths caused by COVID-19 were reported across the country …

Economic policy with Chinese characteristics
1 year, 1 month ago

Economic policy with Chinese characteristics

Hindustan Times  

China’s economy has been a tailspin recently that is the result of politics as much as of objective economic conditions. To take just the case of India, the massive telecom revolution in the country would not have been possible without access to cheap Chinese products – and one might add, China’s unscrupulous economic and trade practices of stealing tech, subsidising …

Chinese factory activity contracts in October as pandemic recovery falters
1 year, 1 month ago

Chinese factory activity contracts in October as pandemic recovery falters

Associated Press  

HONG KONG — An official survey of manufacturers shows China’s factory activity contracted in October, suggesting the economy remains on uneven footing. The purchasing managers’ index, or PMI, fell to 49.5 in October on a 100-point scale, down from 50.2 last month, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing. The non-manufacturing PMI …

IMF chief says the global economy has show resilience in the face of COVID, war and high rates
1 year, 2 months ago

IMF chief says the global economy has show resilience in the face of COVID, war and high rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China says economic recovery 'tortuous' but Western critics will be 'proven wrong'
1 year, 4 months ago

China says economic recovery 'tortuous' but Western critics will be 'proven wrong'

The Hindu  

China said on Wednesday its economic recovery "will be a bumpy and tortuous process", but insisted Western critics "will for sure be proven wrong". The comments follow a raft of recent figures that have stoked concerns over China's stuttering post-Covid recovery, and after U.S. President Joe Biden said the country's mounting economic problems made it a "ticking time bomb". "After …

China to remain alert even as WHO declares COVID-19 global emergency over
1 year, 7 months ago

China to remain alert even as WHO declares COVID-19 global emergency over

Firstpost  

A top Chinese health official said that despite the World Health Organisation ending the worldwide emergency designation for COVID-19, the virus is still dangerous and China will continue to monitor it while boosting vaccination rates among high-risk groups. According to Liang Wannian, head of China’s COVID-19 response expert group under the National Health Commission, the warning status being lifted by …

China and the US are on a slow but sure collision course
1 year, 7 months ago

China and the US are on a slow but sure collision course

Live Mint  

I recently attended the China Development Forum in Beijing, an annual gathering of senior foreign business leaders, academics, former policymakers and top Chinese officials. This year’s conference was the first to be held in person since 2019, and it offered Western observers an opportunity to meet China’s new senior leadership, including new Premier Li Qiang. Li’s joke included an implicit …

China’s covid drugmakers' shares surge amid concern over new wave
1 year, 8 months ago

China’s covid drugmakers' shares surge amid concern over new wave

Hindustan Times  

Growing concerns that China may be facing a new Covid wave fueled a surge in shares of the nation’s drugmakers Monday as the public fretted over waning immunity. Read here: Indians among those evacuated by France from war-torn Sudan Xinxiang Tuoxin Pharmaceutical Co. jumped as much as 20% in Shenzhen, while Hybio Pharmaceutical Co. rallied 15%. Meanwhile, Zhang Wenhong, one …

China's economy expected to rebound as zero-Covid era fades
1 year, 8 months ago

China's economy expected to rebound as zero-Covid era fades

Deccan Chronicle  

BEIJING: China is expected to announce an economic rebound on Tuesday, when Beijing releases its first quarterly GDP figures since abolishing growth-sapping Covid restrictions late last year. Property perils A creeping crisis in the property sector -- which together with construction accounts for around a quarter of China's GDP -- continues to "pose challenges to economic growth", said Rabobank analyst …

Ignoring experts, China’s sudden zero-COVID exit cost lives
1 year, 9 months ago

Ignoring experts, China’s sudden zero-COVID exit cost lives

Associated Press  

BEIJING — When China suddenly scrapped onerous zero-COVID measures in December, the country wasn’t ready for a massive onslaught of cases. “It wasn’t a sound public health decision at all,” said a China CDC official, declining to be named to speak candidly on a sensitive matter. At a mid-April internal panel discussion recently made public by the Beijing-based Center for …

Ignoring experts, China’s sudden zero-COVID exit cost lives
1 year, 9 months ago

Ignoring experts, China’s sudden zero-COVID exit cost lives

LA Times  

An elderly patient uses a ventilator in the hallway of the emergency ward in Beijing in January. Chinese state media claimed the decision to open up was based on “scientific analysis and shrewd calculation,” and “by no means impulsive.” But in reality, China’s ruling Communist Party ignored repeated efforts by top medical experts to kick-start exit plans until it was …

China dismisses FBI statement on COVID-19 lab leak theory
1 year, 9 months ago

China dismisses FBI statement on COVID-19 lab leak theory

Firstpost  

Beijing: For the second day in a row, China on Wednesday dismissed U.S. suggestions that the COVID-19 pandemic may have been triggered by a virus that leaked from a Chinese laboratory. Responding to comments by FBI Director Christopher Wray, Foreign Ministry spokeswoman Mao Ning said the involvement of the U.S. intelligence community was evidence enough of the “politicization of origin …

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull
1 year, 9 months ago

China’s manufacturing activity storms ahead with fastest growth in a decade post Covid-19 lull

Firstpost  

Beijing: Manufacturing activity in China expanded last month at the fastest pace in more than a decade, an official index revealed on Wednesday. The country’s factory output stormed ahead as production increased across sectors after stringent Covid-19 curbs were lifted in December last year. China—which is the world’s second-largest economy recorded one of its worst years in nearly half a …

China says 200 million treated for COVID since November, pandemic ‘decisively’ beaten
1 year, 10 months ago

China says 200 million treated for COVID since November, pandemic ‘decisively’ beaten

LA Times  

Commuters during the morning rush hour in the central business district of Beijing on Thursday. China says more than 200 million of its citizens have been diagnosed and treated for COVID-19 since it lifted strict containment measures beginning in November. With 800,000 of the most critically ill patients having recovered, China has “decisively beaten” the pandemic, according to notes from …

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends
1 year, 10 months ago

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends

CNN  

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. Last week, the Chinese Center for Disease Control and Prevention said in a report that China’s current wave of Covid outbreak was “nearing an end.” The official PMI …

COVID-19 update: China faces challenge due to flawed containment policies, ineffective vaccines, says Report
1 year, 10 months ago

COVID-19 update: China faces challenge due to flawed containment policies, ineffective vaccines, says Report

India TV News  

China COVID-19 update : China is facing a significant challenge in the form of COVID-19, due to the Chinese Communist Party's "flawed and regressive containment policies and ineffective domestically produced vaccines," GeoPolitica.info reported. China's COVID-19 containment strategy has affected Chinese people and has caused major discontent among people in the country, as per the GeoPolitica.info report. Vaccines manufactured in China …

Decoding China’s COVID-19 Policy U-Turn
1 year, 11 months ago

Decoding China’s COVID-19 Policy U-Turn

The Diplomat  

On November 30, several districts in the southern hub metropolis Guangzhou took the lead in lifting a large number of COVID-19-related lockdowns, as well as suspending testing requirements. In face of this, local and provincial administrations – in adherence to official party doctrine concerning “zero COVID” – turned to lockdowns and mass testing campaigns as desperate measures in tackling the …

China logs nearly 13,000 Covid deaths in a week
1 year, 11 months ago

China logs nearly 13,000 Covid deaths in a week

The Hindu  

China reported nearly 13,000 Covid-related deaths in hospitals between January 13 and 19, after a top health official said the vast majority of the population had already been infected. The death toll came a week after China said nearly 60,000 people had died with Covid in hospitals in just over a month -- but there has been widespread scepticism over …

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO
1 year, 11 months ago

China Reports 70% Rise In Weekly Covid Hospitalisation, Highest Since Pandemic Outbreak: WHO

ABP News  

The World Health Organization’s weekly report on Thursday showed China reported a large jump in Covid-19 hospitalisations in the week up to January 15. This is the highest weekly figure China has recorded since the virus first emerged more than three years ago, the WHO noted, according to the news agency Reuters. However, the global body said it is still …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

China says critical COVID cases have peaked as holiday travel surges
1 year, 11 months ago

China says critical COVID cases have peaked as holiday travel surges

The Hindu  

The number of COVID patients needing critical care in China's hospitals has peaked, health authorities said on Thursday, as millions travelled across the country for long-awaited reunions with families, raising fears of fresh outbreaks. There has been widespread scepticism over China's official COVID data since it abruptly axed anti-virus controls last month that had shielded China's 1.4 billion people from …

China masses take Covid fight into own hands as Xi sits back
1 year, 11 months ago

China masses take Covid fight into own hands as Xi sits back

Hindustan Times  

Left to fend for herself after China abruptly ended the world’s strictest Covid restrictions, 31-year-old Share Xue and her daughter found themselves with 40C fevers and an expired bottle of Motrin. President Xi Jinping asked the public at the beginning of 2023 to “make an extra effort to pull through” the virus wave, and state media urged people to “take …

US, Chinese officials discuss climate, economy, relationship
1 year, 11 months ago

US, Chinese officials discuss climate, economy, relationship

Associated Press  

ZURICH — U.S. Treasury Secretary Janet Yellen met on Wednesday with her Chinese counterpart and pledged an effort to manage differences and “prevent competition from becoming anything ever near conflict” as the two nations try to thaw relations. A U.S. Treasury readout of the 2 1/2-hour meeting says the two agreed that the U.S. and China would cooperate more on …

West's false COVID narratives hold no water
1 year, 11 months ago

West's false COVID narratives hold no water

China Daily  

A woman receives a booster dose in Chaoyang district of Beijing on July 13, 2022. First, some say that China's COVID-19 death toll does not include those who died as a result of delayed or denied medical treatment because of strict COVID-19 control measures. However, China's excess mortality during the pandemic was a negative number, which means China's COVID-19 policy …

China’s economy grew 3 per cent last year, not even half 2021's rate
1 year, 11 months ago

China’s economy grew 3 per cent last year, not even half 2021's rate

Firstpost  

China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving after restrictions that kept millions of people at home were lifted. Beijing: China’s economic growth fell to 3 per cent last year under pressure from antivirus controls and a real estate slump but is gradually reviving …

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge
1 year, 11 months ago

China’s economy grows 3% in 2022, hit by lockdowns, Covid surge

The Hindu  

China’s economy grew 3% in 2022, the second-slowest growth rate since the last year of Mao Zedong’s Cultural Revolution in 1976, with the last quarter of the year seeing declining growth as the country dealt with a sweeping COVID-19 surge. The past year, however, has seen China’s “zero-Covid” policy, which was discontinued in early December, extract heavy economic tolls. Kang …

Chinese city-dwellers head to hometowns as holidays raise Covid stakes
1 year, 11 months ago

Chinese city-dwellers head to hometowns as holidays raise Covid stakes

India Today  

Passengers laden with luggage flocked to rail stations and airports in China's megacities on Monday, heading to their hometowns for the Lunar New Year holidays that health experts fear could intensify a raging Covid-19 outbreak in areas less equipped to handle it. As well as fever drugs and oxygen supplies, China's National Health Commission has said it would equip every …

Almost all of Beijing residents to get Covid by January end: What a study shows
1 year, 11 months ago

Almost all of Beijing residents to get Covid by January end: What a study shows

Hindustan Times  

Nearly all of Beijing’s 22 million residents will be infected with Covid by the end of January, a new study found. Covid In China: People queueing to buy medicine amid the Covid-19 pandemic in Beijing, The study reflects the rapid spread of China's Covid outbreak as infections rise after Beijing abruptly relaxed its ‘zero-Covid’ policy in December. The rapid spread …

COVID-19 update: China reports nearly 60,000 coronavirus deaths since December 2022| DETAILS
1 year, 11 months ago

COVID-19 update: China reports nearly 60,000 coronavirus deaths since December 2022| DETAILS

India TV News  

China COVID deaths : China today reported nearly 60,000 deaths in people who had COVID-19 since early December following complaints the government was failing to release data about the status of the pandemic. The death toll included 5,503 deaths due to respiratory failure caused by COVID-19 and 54,435 fatalities from other ailments combined with COVID-19. The National Health Commission said …

China reports almost 60,000 COVID-related deaths, says peak has passed
1 year, 11 months ago

China reports almost 60,000 COVID-related deaths, says peak has passed

LA Times  

China on Saturday reported nearly 60,000 deaths among people who had COVID-19 since early December, offering hard numbers for an unprecedented surge that was apparent in overcrowded hospitals and packed crematoriums, even as the government released little data about the status of the pandemic for weeks. It said those “deaths related to COVID” occurred in hospitals, which left open the …

China’s Covid Policy: Beijing can’t be trusted as a responsible player
1 year, 11 months ago

China’s Covid Policy: Beijing can’t be trusted as a responsible player

Times of India  

TOI Quick Edits are written by a team of seasoned journalists from the Times of India's Edit Page and TOI-Online who respond to important news stories as they develop. MORE In another indictment of China’s Covid policy, the WHO has again said that Beijing needs to share more data on its Covid outbreak and that it still believes Chinese authorities …

IMF chief's advice to China on reopening economy amid Covid
1 year, 11 months ago

IMF chief's advice to China on reopening economy amid Covid

Hindustan Times  

The head of the International Monetary Fund urged China to move forward with reopening its economy, calling the nation’s transition from a Covid Zero policy to more normal functioning likely the single most important factor for global growth in 2023. Read here: WHO says Covid deaths in China ‘heavily underreported’; praises US transparency The Washington-based financial institution believes that a …

WHO says Covid deaths in China ‘heavily underreported’; praises US transparency
1 year, 11 months ago

WHO says Covid deaths in China ‘heavily underreported’; praises US transparency

Hindustan Times  

The WHO reiterated Wednesday the need for China to share more data on its explosive Covid outbreak, while praising Washington's "radical transparency" in its efforts to battle a new sub-variant. "WHO still believes that deaths are heavily underreported from China," its emergencies director Michael Ryan told reporters. He blamed Beijing's narrow definition of what constitutes a Covid death, and also …

China defends its move against South Korea, Japan Covid travel curbs: 'Reasonable...'
1 year, 11 months ago

China defends its move against South Korea, Japan Covid travel curbs: 'Reasonable...'

Hindustan Times  

Chinese state media defended on Wednesday the retaliatory measures against South Korea and Japan over their COVID-19 travel curbs as "reasonable", while Chinese tourists decried Seoul's "insulting" treatment on social media. China defends its move against South Korea, Japan Covid travel curbs. South Korean foreign minister Park Jin has said that Seoul's decision was based on scientific evidence and that …

China economy recovering but hampered by virus outbreaks
1 year, 11 months ago

China economy recovering but hampered by virus outbreaks

Associated Press  

BEIJING — Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. “If parents worry about possible reinfection, they simply won’t send their children for training.” The abrupt decision by President Xi Jinping’s government to end controls that shut down factories and kept millions of people at home will move …

Feel-good factor or truth? Chinese state media says Covid wave past its peak
1 year, 11 months ago

Feel-good factor or truth? Chinese state media says Covid wave past its peak

Hindustan Times  

Many parts of China have already reached their peak of Covid infections, state media reported as Beijing continued to downplay the severity of the outbreak in the country. Even though China has stopped publishing data for daily infections and has been reporting five or fewer deaths a day since Beijing abandoned its strict ‘zero-Covid’ policy after almost three years. But …

Six fallacies and truths about China's epidemic control
1 year, 11 months ago

Six fallacies and truths about China's epidemic control

China Daily  

A medical worker injects a booster shot of COVID-19 vaccine for a resident at Aoyuncun Subdistrict in Chaoyang District, Beijing, July 13, 2022. Striving to effectively coordinate the epidemic response with economic and social development, China had won the tough battle against poverty on schedule and finished building a moderately prosperous society in all respects, getting off to a good …

Nations tighten Covid restrictions as China reopens its borders. Top 5 updates
1 year, 11 months ago

Nations tighten Covid restrictions as China reopens its borders. Top 5 updates

Hindustan Times  

Several countries are likely to see a surge in Chinese travellers as the country rolls back its quarantine guidelines for inbound travellers. The world's populous country, which is reeling under the impact of Covid spike, is entering the Lunar New Year this month leading millions to travel within the country from megacities to countryside. Likewise, many countries are giving an …

China enters new phase of COVID response
1 year, 11 months ago

China enters new phase of COVID response

China Daily  

BEIJING -- From Jan 8, China starts managing COVID-19 with measures designed for combating Class B infectious diseases, instead of Class A infectious diseases. Confronted with epidemic uncertainties, China has always been putting people's lives and health first, adapting its COVID response in light of the evolving situation. The fast-changing features of the virus and the complicated evolution of epidemic …

China enters new phase of COVID response
1 year, 11 months ago

China enters new phase of COVID response

China Daily  

BEIJING -- From Jan 8, China starts managing COVID-19 with measures designed for combating Class B infectious diseases, instead of Class A infectious diseases. Confronted with epidemic uncertainties, China has always been putting people's lives and health first, adapting its COVID response in light of the evolving situation. The fast-changing features of the virus and the complicated evolution of epidemic …

China enters new phase of COVID response
1 year, 11 months ago

China enters new phase of COVID response

China Daily  

From Sunday, China starts managing COVID-19 with measures designed for combating Class B infectious diseases, instead of Class A infectious diseases. Confronted with epidemic uncertainties, China has always been putting people's lives and health first, adapting its COVID response in light of the evolving situation. The fast-changing features of the virus and the complicated evolution of epidemic response posed serious …

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