China might not make major changes to its Covid policy any time soon

A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China won’t likely make major changes to its Covid policy in the near future despite this weekend’s protests, analysts said. One of the reasons for public unrest was the … Read more

Mainland China’s total daily Covid cases soar above Shanghai lockdown highs

Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported more than 31,000 Covid infections for Wednesday, including cases without symptoms. That surpassed … Read more

China’s October retail and industrial data miss expectations

Covid cases have soared in China’s capital city of Beijing, where many communities have been recently locked down or under tighter health monitoring as the country maintains its zero-Covid policy. Kevin Frayer | Getty Images News | Getty Images BEIJING — Three indicators on China’s economy in October missed expectations and marked a slowdown from … Read more

Companies look to diversify as China’s Covid controls take a toll

After a Covid outbreak at a Foxconn factory in Zhengzhou, China, some workers chose to go home. Pictured here are the shuttle buses on Oct. 30, 2022. Vcg | Visual China Group | Getty Images BEIJING — China’s decision to maintain Covid controls is pushing companies to look to factories outside the country, according to … Read more

China’s factory activity fell in October bogged down by Covid controls

China’s factory activity declined in October, official data showed Monday. Pictured here on Oct. 27, 2022, in Jiangsu province is an aluminum products company. Vcg | Visual China Group | Getty Images BEIJING — China’s factory activity fell in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday. The official purchasing … Read more

Investor fears about Xi’s new leadership team ‘may be misguided’

Li Qiang, likely to become the next premier, is pictured here speaking at a major annual financial conference in Shanghai in 2020. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese stocks’ plunge on Monday over fears about China’s new leadership team “may be misguided,” consulting firm Teneo said. Chinese stocks in Hong Kong and … Read more

China shuffles leadership committee and retains many Xi allies

China’s President Xi Jinping (C) gestures during the closing ceremony of the 20th Chinese Communist Party’s Congress at the Great Hall of the People in Beijing on Oct. 22, 2022. Noel Celis | AFP | Getty Images BEIJING — China announced Saturday its new central committee would include many known allies of Chinese President Xi … Read more

China’s Xi downplays need for rapid growth, praises Covid achievements

China’s President Xi Jinping kicks off the ruling party’s 20th National Congress — held once every five years — with an opening speech at the Great Hall of the People in Beijing on Oct. 16, 2022. The week-long event is expected to pave the way for him to stay on for an unprecedented third five-year … Read more

Xi warns against Taiwan interference at China’s CPC national congress

In a wide-ranging speech during the opening session of the 20th Chinese Communist Party’s Congress, Xi spoke firmly about China’s resolve for reunification with the self-governed island, which Beijing considers part of its territory. Noel Celis | AFP | Getty Images BEIJING — Chinese President Xi Jinping said China reserves the option of “taking all … Read more

China is no longer just any emerging market

A worker disinfects the Sanlitun shopping complex in Beijing in June as stores in the area were closed for three days after a Covid outbreak. There’s greater caution on China this year, as stringent Covid controls drag on and as growth takes a backseat. Analysts note longer-term trends of China’s reduced dependency on foreign investment … Read more