Page 39 - China

China's PC shipments fall by 13% over weakening commercial demand

The shipments of desktops, notebooks and workstations in China fell by 13 per cent in Q3 2022, while tablets were down 3 per cent (year-on-year), a new report has shown

China strengthens hospitals, expands ICU facilities as Covid cases surge

Facing a surge in COVID-19 cases, China is setting up more intensive care facilities and trying to strengthen hospitals as Beijing rolls back anti-virus controls that confined millions of people to their homes, crushed economic growth and set off protests. President Xi Jinping's government is officially committed to stopping virus transmission, the last major country to try. But the latest moves suggest the ruling Communist Party will tolerate more cases without quarantines or shutting down travel or businesses as it winds down its zero-COVID strategy. A Cabinet meeting called Thursday for full mobilisation of hospitals including adding staff to ensure their combat effectiveness and increasing drug supplies, according to state media. Officials were told to keep track of the health of everyone in their area aged 65 and older. It isn't clear how much infection numbers have increased since Beijing last week ended mandatory testing as often as once a day in many areas. But interviews an

Xi ensures 'complete control' over Chinese military in third term: Report

As per the news report, Chinese armed forces must "resolutely be loyal" to Xi Jinping and "support, safeguard and defend" the leadership to the core

China struggles with fresh infections after zero-Covid restrictions ease

A rash of COVID-19 cases in schools and businesses were reported by social media users Friday in areas across China after the ruling Communist Party loosened anti-virus rules as it tries to reverse a deepening economic slump. Official data showed a fall in new cases, but those no longer cover big parts of the population after the government on Wednesday ended mandatory testing for many people. That was part of dramatic changes aimed at gradually emerging from zero-COVID restrictions that have confined millions of people to their homes and sparked protests and demands for President Xi Jinping to resign. Social media users in Beijing and other cities said coworkers or classmates were ill and some businesses closed due to lack of staff. It wasn't clear from those accounts, many of which couldn't be independently confirmed, how far above the official figure the total case numbers might be. I'm really speechless. Half of the company's people are out sick, but they still won't let us all

US House passes defence spending Bill in Taiwan aid, China bristles

Beijing claims Taiwan as part of its territory - to be reunited one day by force, if necessary - and has become more bellicose toward the island under President Xi

27,000 Vivo phones held by DRI over suspected violations released

The shipment, worth nearly $15 million, is unlikely to be exported as the packaging of many of the phones was damaged and the devices were switched on to check unique ID numbers, the people said

India-US ties not built on anxiety around China: White House official

The diplomatic relationship between India and the United States is not just based on mutual concern over China but a deeper understanding of the synergies, a White House official has said

Letter from Foxconn founder pushed China to ease Covid restrictions: Report

The letter from Foxconn's founder Terry Gou was sent a month ago when the Apple supplier's factory in Zhengzhou was rocked by protests

New Zealand PM Ardern says China has become 'more assertive' in region

Reflecting on her five years as New Zealand's leader, Prime Minister Jacinda Ardern said China has undoubtedly become more assertive in the region over that time, but cautioned that building relationships with small Pacific nations shouldn't become a game of one-upmanship. In a joint interview Thursday with The Associated Press and the Australian Associated Press, Ardern said China has changed in recent years under President Xi Jinping. I think if I stand back and look at the region as a whole and some of the changes that we've seen within our region, you do see a more assertive China, Ardern said. And look, there'll be a whole host of reasons for that. Their integration into the regional economy, the growth of China, the growth of its middle class, a whole range of reasons, she said. But you have also seen a more assertive approach on a number of different issues and relationships. So that undoubtedly has changed over my time in office. China this year made some bold geopolitical

Chinese stocks to outperform global peers as curbs ease: Morgan Stanley

Average daily turnover for China's ChiNext Index and overall mainland-traded A-shares increased 25% and 19% respectively

End of Covid Zero policy threatens to overwhelm China with infections

The world's most populous nation is rapidly abandoning the mass testing, lockdowns and centralized quarantine that defined the stringent, three year-old policy

Shanghai to drop Covid test rule in indoor venues, restaurants from today

Shanghai has announced measures for optimising the Covid-19 response; from Friday, negative Covid test certificates will not be needed for indoor entertainment venues and restaurants

Best of BS Opinion: Winning ways, the end of Covid Zero, and more

Here is the best of Business Standard's opinion pieces for today

Beijing running out of fever medicine as Covid-19 pandemic spreads

Amid reports of panic buying of fever medicine, a financial news outlet, citing third-party data, said the average daily sales volume of home test kits had risen more than 400 times versus November

'Underweight' on India, China to lead Asian outperformance in 2023: Nomura

The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel

The end of Covid Zero

The world, and India, must prepare for a possible China wave

China's looser anti-Covid measures met with relief, caution across nation

A day after China announced the rollback of some of its most stringent COVID-19 restrictions, people across the country are greeting the news with a measure of relief but also caution, as many wait to see how the new approach will be implemented. Following nationwide protests last month against China's harsh anti-pandemic policies, the government announced Wednesday it was easing some of the strictest measures. Among the most significant changes is that people who test positive for COVID-19 but show no symptoms, or only mild symptoms, can now stay at home rather than being forced into a government field hospital. Online, government ministries and hospitals are already switching their messaging about how to deal with COVID-19 at home if one gets sick, marking an abrupt 180-degree turn from its policy before Wednesday, when it required all who tested positive to be taken to a government field hospital, a temporary facility built to treat COVID-19 patients. A team working for a promine

Oil price rebounds from 2022 lows on China demand hopes, tanker delays

Brent crude rose 29 cents, or 0.4%, to $77.46 a barrel by 0905 GMT, while U.S. West Texas Intermediate (WTI) crude gained 73 cents, or 1%, to $72.74

Majority of China's population may contract Covid, warns health adviser

About 80 to 90% of the Chinese population may eventually be infected with the virus

Indian authorities hold up export of 27,000 Vivo phones in clash with China

The smartphones are being held up at the New Delhi airport by India's revenue intelligence unit over an alleged mis-declaration of the device models and their value