Coronavirus devastates China’s economy and the ‘nightmare’ is not over
4 years, 9 months ago

Coronavirus devastates China’s economy and the ‘nightmare’ is not over

CNN  

Hong Kong CNN Business — China’s economy was devastated by the novel coronavirus outbreak in the first two months of the year, according to data published Monday, and analysts say the nightmare is far from over. Larry Hu, chief China economist for Macquarie Group, said his “best guess” is that China’s $14 trillion economy will contract by 6% in the first quarter, compared with the same period a year ago. The hit to the Chinese economy in the first quarter was “devastating,” according to Ting Lu, chief China economist for Nomura. More policy support China will roll out stronger relief measures to counter the virus’ impact, Mao Shengyong, a spokesman for the National Bureau of Statistics, said Monday at a press conference that accompanied the release of the shocking data.

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History of this topic

China’s economy has not peaked
1 week, 1 day ago

China’s economy has not peaked

Live Mint  

What happens to the world economy and global geopolitics in 2025 will depend significantly on China, the world’s largest exporter and second-largest consumer market. And the property-market crisis finally seems to be moderating, with transactions increasing following the government’s bold intervention to support the sector, which, directly and indirectly, accounts for one-third of the Chinese economy. This helps to explain …

Will China attempt economic revival markets seek post-COVID with multi-trillion-yuan initiatives?
2 months 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
2 months, 1 week 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 …

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

Year of the Dragon: China faces critical moment in push to revive economy
10 months, 3 weeks ago

Year of the Dragon: China faces critical moment in push to revive economy

Al Jazeera  

Analysts say Beijing needs to roll out measures to stimulate greater domestic consumption amid slowing growth. “China didn’t see the boost most people expected after COVID restrictions were removed in late 2022,” Kevin P Gallagher, the director of the Boston University Global Development Policy Centre, told Al Jazeera. Consumption, by contrast, is viewed as indulgent.” Shih added: “There are 1.4 …

Chinese shudders: Fewer people is bad news
11 months, 3 weeks ago

Chinese shudders: Fewer people is bad news

Live Mint  

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. China’s covid toll was estimated at about 11.1 million last year and 10.4 million in 2022. It now faces an adverse demographic turn, with fewer people who can contribute to economic activity even as an elderly bulge adds to its welfare …

China emerged from 'zero-COVID' in 2023 to confront new challenges in a changed world
1 year ago

China emerged from 'zero-COVID' in 2023 to confront new challenges in a changed world

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US 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. “This year started on a such …

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 …

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 …

Economic policy with Chinese characteristics
1 year, 2 months 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, 2 months 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 …

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 …

China’s rushed exit from zero-Covid may have cost hundreds of thousands of lives
1 year, 9 months ago

China’s rushed exit from zero-Covid may have cost hundreds of thousands of lives

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It wasn’t a sound public health decision at all,” …

It’s confirmed! China Lab leak triggered Covid pandemic, but was it an accident?
1 year, 10 months ago

It’s confirmed! China Lab leak triggered Covid pandemic, but was it an accident?

Live Mint  

The coronavirus pandemic most likely was caused by a leak in a Chinese laboratory, a classified intelligence report of the US Energy Department has revealed, according to the Wall Street Journal. This report nonetheless, affirms that the covid pandemic was a leak, an accident and not part of Chinese biological-weapons program, the people who have read the classified report said …

China’s economic activity expands for the first time in months as Covid ‘exit wave’ ends
1 year, 11 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 …

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 …

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 …

China’s economic growth falls to 3%, gradually reviving
1 year, 11 months ago

China’s economic growth falls to 3%, gradually reviving

Associated Press  

BEIJING — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. Economic growth sank to 2.9% over a year earlier in the three months ending in …

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 …

WHO recognizes China’s accounting of 60,000 covid deaths
1 year, 11 months ago

WHO recognizes China’s accounting of 60,000 covid deaths

Live Mint  

The World Health Organization expressed appreciation for China’s sharing of Covid-19 data after Beijing reported around 60,000 Covid-related deaths over the past month, providing the first major accounting of the death toll since the country lifted pandemic restrictions. WHO Director-General Dr. Tedros Adhanom Ghebreyesus spoke Saturday with the director of China’s National Health Commission, Ma Xiaowei, a conversation during which …

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 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 …

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 …

China's manufacturing activity drops despite lifted COVID restrictions
2 years ago

China's manufacturing activity drops despite lifted COVID restrictions

Firstpost  

For more than two years, China had insisted on a zero-COVID strategy of stamping out outbreaks with strict quarantines, lockdowns and mass testing Beijing, China: China’s manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing’s loosening of COVID restrictions at the beginning of the month. For more than …

China economy again on bumpy road as Covid infection surge detracts recovery
2 years 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. …

DC Edit | China endangering world again
2 years ago

DC Edit | China endangering world again

Deccan Chronicle  

China’s healthcare system is buckling under the strain of its latest and outlandish decision of taking down all Covid controls so rapidly that the country is endangering the world all over again. From late 2019 in Wuhan where the pathogen may have jumped species to spread panic over the coronavirus to the close of 2022, China took several decisions that …

China downgrades COVID management
2 years ago

China downgrades COVID management

China Daily  

An elderly woman receives a shot of COVID-19 vaccine in Shijiazhuang, Hebei province, Dec 12, 2022. "By evaluating factors, including viral mutations, epidemic situation and disease control capability, China is deemed to meet basic requirements for the downgraded management," it said. However, lowering disease category does not mean leaving the virus to run rampant, said Liang Wannian, head of the …

China downgrades COVID management
2 years ago

China downgrades COVID management

China Daily  

An elderly woman receives a shot of COVID-19 vaccine in Shijiazhuang, Hebei province, Dec 12, 2022. "By evaluating factors, including viral mutations, epidemic situation and disease control capability, China is deemed to meet basic requirements for the downgraded management," it said. However, lowering disease category does not mean leaving the virus to run rampant, said Liang Wannian, head of the …

China downgrades COVID management
2 years ago

China downgrades COVID management

China Daily  

An elderly woman receives a shot of COVID-19 vaccine in Shijiazhuang, Hebei province, Dec 12, 2022. "By evaluating factors, including viral mutations, epidemic situation and disease control capability, China is deemed to meet basic requirements for the downgraded management," it said. However, lowering disease category does not mean leaving the virus to run rampant, said Liang Wannian, head of the …

China’s Covid surge hits factories and consumer market
2 years ago

China’s Covid surge hits factories and consumer market

CNN  

Hong Kong CNN — China’s economy is under severe strain as a wave of Covid cases sweeps across the country. “The number of people on the streets has dropped off sharply from already subdued levels across the country,” said analysts from Capital Economics in a research note last week. Last week, home sales by floor area plunged 44% in the …

China's COVID-19 surge raises odds of new coronavirus mutant
2 years ago

China's COVID-19 surge raises odds of new coronavirus mutant

The Hindu  

Could the COVID-19 surge in China unleash a new coronavirus mutant on the world? “When we've seen big waves of infection, it's often followed by new variants being generated,” Dr. Ray said. Dr. Shan-Lu Liu, who studies viruses at Ohio State University, said many existing Omicron variants have been detected in China, including BF.7, which is extremely adept at evading …

COVID-19 China update: Difficult months ahead as 'coronavirus' cases spiral | KNOW WHY
2 years ago

COVID-19 China update: Difficult months ahead as 'coronavirus' cases spiral | KNOW WHY

India TV News  

China COVID-19 cases : Nearly three years after it was first identified in China, the coronavirus pandemic is now spreading through the vast country. “How well do they perform this particular catch up effort might determine some of the outcome.” Hospital conditions in China: Around Baoding and Langfang, hospitals have run out of intensive care beds and staff as severe …

China’s stretched health system braces for peak in COVID-19 infections
2 years ago

China’s stretched health system braces for peak in COVID-19 infections

The Hindu  

Nearly 37 million people in China may have been infected with COVID-19 on a single day this week, Bloomberg News reported on Friday, citing estimates from the government’s top health authority. China is expecting a peak in COVID-19 infections within a week, a health official said, with authorities predicting extra strain on the country's health system even as they downplay …

In our 'profound interest' that China reins in latest surge in coronavirus infections: Antony Blinken
2 years ago

In our 'profound interest' that China reins in latest surge in coronavirus infections: Antony Blinken

The Hindu  

It is in America's "profound interest" that China reins in the recent surge in coronavirus infections, U.S. Secretary of State Antony Blinken has said, asserting that there are major implications if the world's second-largest economy remained shut down due to the virus. When asked about the latest surge in COVID-19 cases in China, Mr. Blinken said the U.S. wants to …

‘A very hard road ahead’ for China as COVID-19 cases spiral
2 years ago

‘A very hard road ahead’ for China as COVID-19 cases spiral

Associated Press  

BAZHOU, China — Nearly three years after it was first identified in China, the coronavirus is now spreading through the vast country. The National Health Commission said China had 10 intensive care beds for every 100,000 people on Dec. 9, a total of 138,000 beds, up from 4 for every 100,000 people on Nov. 22. Even taken at face value, …

One-day tally of COVID cases in China hits 37 million: Report
2 years ago

One-day tally of COVID cases in China hits 37 million: Report

Al Jazeera  

Nearly 37 million people in China may have been infected with COVID-19 on a single day this week, the Bloomberg news agency has reported, citing minutes from an internal meeting of the country’s National Health Commission held on Wednesday. Concerns over official statistics On Thursday, health data firm Airfinity estimated that there are likely more than 5,000 daily deaths and …

Prepare, don't panic, in the face of covid resurgence in China
2 years ago

Prepare, don't panic, in the face of covid resurgence in China

Live Mint  

As a fresh wave of covid infections sweeps across China, after the authorities abruptly changed tack from their three-year-long Zero Covid strategy, there is widespread concern that the world is heading for Pandemic Redux, making the world pay a heavy toll in terms of lives and lost economic output. A PLI-type scheme for 'atmanirbhar' vaccine industry Cement investors see Q3 …

China’s Covid-19 spike is a worry
2 years ago

China’s Covid-19 spike is a worry

Hindustan Times  

China is now in the grip of its worst Covid-19 outbreak, having been forced to dismantle its restrictive virus control measures when near-unprecedented protests erupted against the Xi Jinping administration. While other countries completed the first round of mass vaccinations within 2021, nearly half of those above the age of 80 in China – the most vulnerable to Covid-19 -- …

Covid surge in China: What’s the latest situation there? 10 points
2 years ago

Covid surge in China: What’s the latest situation there? 10 points

Live Mint  

China has been gripped by a new Covid wave mostly dominated by Omicron variant. 2) According to the National Health Commission, the country did not record any new Covid-19 related deaths 3) Alongside the risks for China, some global health figures have warned that allowing the virus to spread domestically could also give it space to mutate, potentially creating a …

Conditions and capacity for strong recovery
2 years ago

Conditions and capacity for strong recovery

China Daily  

An employee works on the production line of an elevator component manufacturer in Haian, Jiangsu province. GU HUAXIA/FOR CHINA DAILY A senior economic official said the optimized response China has adopted to deal with COVID-19 is expected to have a "J-curve effect" on the economy that will help it gain strong growth momentum in 2023. "We have the confidence, conditions, …

Virus death toll in China's capital shows further rise
2 years ago

Virus death toll in China's capital shows further rise

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 Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The death toll in the …

China rushes to build hospital beds, US says covid situation in China a concern
2 years ago

China rushes to build hospital beds, US says covid situation in China a concern

Live Mint  

China rushed to install hospital beds across cities and build fever screening clinics amid a surge in covid cases in the country. We’ve seen that over the course of many different permutations of this virus and certainly another reason why we are so focused on helping countries around the world address COVID, another reason why bringing this to a close …

China Covid toll concern for world given size of its GDP, economy: US State dep
2 years ago

China Covid toll concern for world given size of its GDP, economy: US State dep

Hindustan Times  

The United States hopes that China can address the current COVID-19 outbreak as the toll of the virus is a global concern due to the size of the Chinese economy, State Department spokesperson Ned Price said on Monday. "The toll of the virus is of concern to the rest of the world given the size of China's GDP, given the …

World Bank slashes China’s growth outlook to 2.7 percent in 2022
2 years ago

World Bank slashes China’s growth outlook to 2.7 percent in 2022

Al Jazeera  

The World Bank has slashed its growth outlook for China’s economy, as nearly three years of “zero-COVID” curbs and a real estate slump weigh on the world’s second largest economy. Mara Warwick, World Bank country director for China, Mongolia and Korea, said China’s “continued adaptation” of its pandemic policies would be crucial to the country’s economic recovery and public health. …

China reports first coronavirus deaths since easing zero-COVID policy
2 years ago

China reports first coronavirus deaths since easing zero-COVID policy

Firstpost  

Official case numbers are widely considered unreliable following the end of mandatory mass testing, while fears are mounting of a wave of infections in poor rural areas during the upcoming Lunar New Year holidays Beijing: China on Monday reported its first deaths from Covid-19 since loosening its hardline containment policy, as hospitals and crematoriums struggle with outbreak authorities say is …

China COVID Surge: Explosion Of Coronavirus Cases, Over A Million Deaths Through 2023, Say IHME Projections
2 years ago

China COVID Surge: Explosion Of Coronavirus Cases, Over A Million Deaths Through 2023, Say IHME Projections

ABP News  

New Delhi: After China's stringent COVID-19 restrictions were abruptly lifted following unprecedented protests under the Xi Jinping regime, the U.S.-based Institute of Health Metrics and Evaluation has projected that the lifting of curbs could result in an explosion of cases and over a million deaths through 2023. This projection comes as China's national health authority is yet to report any …

China’s economy plunged before major Covid policy shift. A rebound may be months away
2 years ago

China’s economy plunged before major Covid policy shift. A rebound may be months away

CNN  

Hong Kong CNN — The end of pandemic restrictions in China will eventually usher in a strong economic rebound as the country learns to live with the Covid virus, according to economists, even as a slew of data showed business activity plummeting in November. “We reckon that the incoming migration around the Chinese New Year holiday in late January could …

China shifts away from ‘zero-COVID’ by announcing more easing measures
2 years, 1 month ago

China shifts away from ‘zero-COVID’ by announcing more easing measures

The Hindu  

China’s government on Wednesday announced sweeping new measures to ease pandemic restrictions, marking a significant shift away from three years of a stringent “zero-COVID” policy. The measures said “apart from nursing homes, medical institutions, primary and secondary schools, kindergartens and other special places, people will no longer be required to provide negative nucleic acid test results and undergo health code …

China eases controls, gives no sign when ‘zero COVID’ ends
2 years, 1 month ago

China eases controls, gives no sign when ‘zero COVID’ ends

Associated Press  

BEIJING — China is easing some of the world’s most stringent anti-virus controls and authorities say new variants are weaker. … Restrictions could still tighten dynamically in lower-tier cities should hospitalizations surge.” The changes follow protests demanding an end to “zero COVID” but are in line with Communist Party promises earlier to reduce disruption by easing quarantine and other restrictions. …

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