The security agreement between China and the Solomon Islands is in the bag. “The foreign ministers of China and the Solomon Islands officially signed the framework agreement on security cooperation recently,” a foreign ministry spokesman in Beijing said at the regular press conference on Tuesday. The exact terms of the agreement are not known. The […]
In the northeastern provinces of Jilin and Liaoning, economic life is getting back on its feet after forced Covid-related pauses. In Jilin, the factories of the 500 largest companies are back in operation, the provincial government announced on Tuesday. These include the plants of FAW in Changchun, an important partner of VW. Bosch also reported […]
Dennis Au, until now head of Chinachem Group’s real estate division, will step down from his position effective May 15. Chinachem is a Hong Kong conglomerate. Au cites “personal reasons” for his resignation.John Tsang Chun-wah, Hong Kong’s Financial Secretary from 2007 to 2017, has joined the advisory board of Stashaway, a Singapore-based digital wealth management […]
Three elderly citizens died of COVID-19 in Shanghai on Sunday, according to a statement released by the city’s health department on Monday. The patients were between 89 and 91 years old and were undergoing treatment at the hospital. All three were unvaccinated and suffered from pre-existing conditions. They are the first deaths of the ongoing […]
China’s growth plunged sharply in March. This was mainly due to the resurgence of the Covid pandemic in China, which is why the economic downturn had been widely expected. Over the entire first quarter, from January to March, GDP actually grew by 4.8 percent. While this is remarkable, the data for the three-month period cannot […]
Despite the war in Ukraine and the lockdown in Shanghai, Chinese exports have been surprisingly strong in March. Exports increased by almost 15 percent compared to March last year. This means that there was no decrease, which economists had actually expected in light of the turmoil on the global market.However, the developments of the past […]
Lamps decorated with bunnies. Who wouldn’t think of Easter? These pretty decorative objects, however, were made for the Lantern Festival in February. The festival gives a taste of the coming year. When the Year of the Rabbit dawns, there will be a Chinese-Western bunny rush in the spring.
The Shanghai municipal government seeks a balance between cautious opening and containing the Covid pandemic. On Tuesday, the first few citizens in virus-free planned squares were allowed to step outside their doors within their housing complexes. But they still cannot move freely throughout the city. Meanwhile, the psychological and economic costs continue to escalate. Several […]
Guangzhou, a metropolis with a population of 16 million, is the next major Chinese city to prepare for a lockdown. The city government has already issued a long list of containment measures for the Baiyun district. Pandemic packs containing masks and rapid tests have also been distributed to households throughout the city. Elementary schools are […]
In the face of geopolitical and health crises, the Chinese government wants to support the economy. Premier Li Keqiang announced the use of new measures to give the economy a boost. “Existing measures should be enforced as soon as possible,” Li said, according to a State Council statement released on Friday. “We should study new […]