Page 24 - China

European stock indexes rise on 'soft landing' hopes, China reopening

The euro was up 0.3% at around $1.0673, versus a 1.2% jump on Friday

90% people in China's third-most populous province infected with Covid

With a population of 99.4 million, the figures suggest about 88.5 million people in Henan may now have been infected

Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts

The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors

China, Pfizer hit deadlock over Paxlovid's price amid Covid-19 surge

Pfizer and the government agency that oversees the state medical insurance program failed to agree on a further cut on the price of Paxlovid

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

Chinese military holds large-scale joint strike drills aimed at Taiwan

The Chinese military held large-scale joint combat strike drills starting Sunday, sending war planes and navy vessels toward Taiwan, both the Chinese and Taiwanese defence ministries said. The exercises coincided with the visit of a group of German lawmakers who landed in Taiwan on Monday morning. Leading the delegation is the Marie-Agnes Strack-Zimmermann, who leads the German Parliament's Defence Committee. The exercises have continued into Monday, Taiwan's defence ministry said, monitoring Chinese warplanes and navy vessels on its missile systems. China's actions have severely disrupted the peace and stability in the Taiwan Straits and surrounding waters," the ministry said. The German lawmakers will meet with Taiwan President Tsai Ing-wen, as well as Taiwan's National Security Council head and the Mainland Affairs Council, which handles issues related to China. China has stepped up its pressure on Taiwan's military in recent years by sending warplanes or navy vessels on an ..

Asia-Pacific shares rise on US rate bets, China's borders reopening

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy

China's open borders mark an end to covid zero, spark homecoming rush

While the Covid zero policy managed to keep the virus at bay for much of the pandemic as it killed millions elsewhere, they became increasingly irrelevant with emergence of more infectious variants

Demand for Indian generic drugs skyrockets in China amid Covid surge

The demand for Indian generic drugs has shot up in China amid the massive COVID surge in the country, with Chinese experts cautioning that fake versions of these drugs are flooding the market. China's National Health Security Administration said on Sunday that Pfizer's Paxlovid oral medication, which is used to treat Covid-19, could not be included in the register of drugs in the basic medical insurance, because the company's quotation was too high, media reports here said. Due to the massive short supply of Paxlovid, demand for Indian generic versions has gone up through Chinese e-commerce platforms. On the Chinese e-commerce platforms... At least four generic COVID drugs produced in India - Primovir, Paxista, Molnunat, and Molnatris have been listed for sale in recent weeks. Primovir and Paxista are both generic versions of Paxlovid, while the other two are generic versions of Molnipiravir," Chinese media outlet Sixth Tone reported. All four drugs appear to have been approved fo

China reopens borders for travellers in final farewell to zero-Covid

Long queues formed at the Hong Kong international airport's check-in counters for flights to mainland cities including Beijing, Tianjin, and Xiamen

China's new envoy vows to further enhance bilateral ties with Nepal

China is willing to work with Nepal to stay true to their original aspirations, join forces to seek common development and build a closer community with a shared future in the new era, the new Chinese ambassador here said on Sunday. Ambassador Chen Song, one of the senior diplomats in China, also vowed to work to write a new chapter of the strategic partnership between the two countries. Chen was appointed as ambassador to Nepal in November. However, Chen's arrival in Nepal was delayed after he and his wife got infected with Covid-19. He replaces Hou Yanqi, who returned to China after completing her four-year tenure in October. I stand ready to work closely with Nepali friends from all walks of life, gather wisdom and pool strength to bring more benefits to the two peoples, and jointly write a new chapter of the China-Nepal strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity, Chen was quoted as saying by The Kathmandu Post ...

No 'meaningful growth' for China's smartphone industry until 2024: Report

The country's smartphone shipments in November nosedived 36 per cent (year on year) to 22.2 million units

China takes down social media accounts of Covid-19 policy critics

China has taken down more than 1,000 social media accounts - some with millions of followers - that criticised the government's Covid policies

Global Covid surge fears loom as China opens borders, resumes air travel

As China opened borders and resumed travel on Sunday, billions of local travellers are set to make overseas trips in the next few days, triggering Covid surge concerns in various countries

17 dead in southern China crash as holiday travel rush gets underway

A traffic accident in southern China killed 17 people and injured 22 others early on Sunday as the annual Lunar New Year holiday travel rush got underway, authorities said. The accident occurred outside the city of Nanchang in Jiangxi province, according to the local traffic management brigade. It wasn't clear how many vehicles or what types were involved and the cause was under investigation, the brigade said. Such accidents, often caused by fatigued drivers and poorly maintained or overloaded vehicles, used to be common, but tighter regulations have reduced their frequency in recent years. Enforcement efforts on the condition of vehicles and drivers and passenger numbers are redoubled around the time of the holiday, China's most important for family gatherings when tens of millions of migrant workers return to their hometowns. With the end of most COVID-19 restrictions, the number of such trips is expected to double this year to more than 2 billion on and around the weeklong ...

China ends Covid-19 travel restrictions for incoming passengers from today

China will lift its quarantine requirement for inbound travellers starting from January 8

Chinese travelers rush to take advantage of reopening after Covid curbs

After two years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure he was among the first to cross the border following the reopening of crossing points Sunday. The ability of residents of the semi-autonomous southern Chinese city to cross over is one of the most visible signs of China's easing of border restrictions, with travelers arriving from abroad also no longer required to undergo quarantine. I'm hurrying to get back to her, Cheung, lugging a heavy suitcase, told The Associated Press as he prepared to cross at Lok Ma Chau station. Travelers crossing between Hong Kong and mainland China, however, are still required to show a negative COVID-19 test taken within the last 48 hours a measure China has protested when imposed by other countries. Hong Kong has been hard-hit by the virus, and its land and sea border checkpoints with the mainland have been largely closed for almost three years. Despite the risk of new infections, the reopening

'Revenge spending' by Chinese tourists could boost global economy

In years before Covid-19 pandemic, China was the worlds most important source of international travelers -- its 155 mn tourists spent more than a quarter of a trn dollars beyond its borders in 2019

China reopening may add almost 1% to Australia's economic output: JPMorgan

Chinese student and tourist arrivals may add nearly one percentage point to Australia's economic output over the next two years, according to JPMorgan Chase & Co

Jack Ma to cede control of Ant Group following China's tech crackdown

The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma's voting control of Ant, according to an announcement