Page 47 - China

China's iPhone city locks down urban areas as Covid-19 cases rise

The new restrictions were announced after hundreds of workers at Apple's main iPhone-making plant in Zhengzhou streamed out of dormitories earlier in the day

China encroaches on 36 hectares of land along Nepal's northern border

China's salami-slice strategy on Nepal's northern border has resulted in the encroachment of 36 hectares of Nepal's land at 10 places

Disney finally gets a break in China with theater release for Avatar 2

Avatar: The Way of Water, a follow-up to the 2009 hit movie, was cleared for a Dec. 16 release date, raising the earnings potential for one of Disney's biggest films of the year

Violent protests erupt at Apple's biggest iPhone-making plant in China

Hundreds of workers at Apple's main Foxconn plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak

China widens Covid curbs, Apple factory unrest adds to economy worries

In Beijing, malls and parks were shut and once-bustling areas of the capital resembled ghost towns as authorities urged people to stay home

Sony intends to invest heavily to incubate games, developers in China

The company has so far helped 17 small-scale games and made successful deals like Genshin Impact

China trying to revive ties with the US via the Wall Street route: Report

Days before the meeting between Xi Jinping and Joe Biden at the G20 Summit in Indonesia, a Chinese delegation of policy advisors and business executives met with their US counterparts in New York

4 detained over fire in China's industrial trading company that killed 38

Four people have been detained over a fire at an industrial trading company in central China that killed 38 people, reports said Wednesday. The fire Monday was caused by welding sparks that ignited cotton cloth being stored at a facility run by the firm Kaixinda, authorities said. Two of the company's employees and two from a clothing firm were detained, Anyang Mayor Gao Yong told reporters late Tuesday, according to state media. They have not been formally arrested and there was no immediate word on what charges they may face. In addition to the dead, two people were injured in the fire that took more than four hours to extinguish. Gao said the city would thoroughly inspect all possible safety risks in the city of more than 5 million people in the central province of Henan. "This accident has taken such a huge toll on human life, the lessons must be understood at a very deep level," Gao was quoted as saying. Densely populated and economically prominent Henan has seen a number of

China's Covid policy will hinder property recovery: Goldman Sachs

On the Covid policy, Goldman expects China to reopen the country -- which it defines as a period when authorities no longer lock down cities when cases surge -- in the first half of 2023

China set to fine Ant Group over $1 bn, signalling revamp nears end

A fine on Ant could help pave the way for the company to secure a long-awaited financial holding company license, seek growth again, and eventually revive its plans for a public market debut

China Covid-19 cases near record high since pandemic began: Report

Over 28,000 new infections reported nationwide; Beijing shuts businesses, schools in hard-hit districts, tightens rules for entering the city

Credit Suisse lays off one-third of China-based investment bankers

Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department

38 killed, 2 injured in cloth manufacturing plant blaze in China's Henan

A massive fire at a cloth manufacturing plant in central China's Henan province has killed at least 38 people and injured two others, local officials said on Tuesday, the latest fatal industrial accidents to hit the country in recent years. It took firefighters more than four hours to douse the fire that broke out on Monday at the plant in the Wenfeng district of Anyang city in Henan province, according to the city's publicity department. Firefighters put out the fire at around 11 pm on Monday, it said. Thirty-eight people were killed and two others were injured in the blaze, state-run Xinhua news agency reported. The injured persons have been hospitalised. Local authorities blamed the company, which mainly manufactures clothes, for carrying out operations against rules and regulations. Preliminary investigation revealed that sparks during welding operations caused the fire, igniting cotton fabric in the factory, the municipal emergency management department said. Chinese Preside

US Dollar steadies as China tightens Covid-19 curbs, bitcoin under pressure

The euro was up 0.14% to $1.0258 after an 0.8 %loss on Monday, sterling rose 0.19% to $1.1838, partially reversing its 0.6% fall, and the dollar was at 141.86 yen down 0.18% after a 1.2% gain

Global shares shake off China Covid-19 curbs, but investors stay cautious

The dollar pulled back from strong overnight gains while oil took a pause from Monday's retreat

China's anti-Covid curbs spur fears of global business, trade impact

Anti-virus controls that are confining millions of Chinese families to their homes and shut shops and offices are spurring fears of further damage to already weak global business and trade. The ruling Communist Party promised on Nov 11 to reduce disruptions from its zero- COVID strategy by making controls more flexible. But the latest wave of outbreaks is challenging that, prompting major cities including Beijing to close off populous districts, shut stores and offices and order factories to isolate their workforces from outside contact. On Tuesday, the government reported 28,127 cases were found over the past 24 hours in areas throughout China, including 25,902 with no symptoms. China's infection numbers are lower than those of the United States and other major countries. But the ruling party is sticking to zero COVID, which calls for isolating every case, while other governments are relaxing travel and other controls and trying to live with the virus. Global stock markets fell ..

Nepal should develop relations with India, China for prosperity: NC leader

Prakash Man Singh, a senior leader of the ruling Nepali Congress, has said that the new government in Nepal should develop cordial and friendly relationships with both India and China and seek support from all friendly countries for the landlocked Himalayan nation's prosperity. Singh, a former Deputy Prime Minister, won the House of Representatives election with a margin of just 127 votes against former BBC Nepali Service journalist Ravindra Mishra, a candidate fielded by the pro-monarchy Rastriya Prajatantra Party (RPP) in the November 20 general elections. If an appropriate opportunity comes, I will contest the election to the Parliamentary Party leader to head the new government, Singh told PTI while responding to a question at his residence here shortly after winning the election. He said that "the new government needs to develop cordial and friendly relationships with both the neighbours, India and China and seek the support, assistance from all the friendly countries for ...

Dollar retreats after overnight rally as China's Covid fears mount

China's capital warned on Monday that it was facing its most severe test of the COVID-19 pandemic, with a surge in COVID cases sparking fresh restriction measures

Global intellectual property filings touch record levels in 2021: UN

The UN agency said that despite the disruption of the coronavirus pandemic, this bucked previous economic downturn trends.

At least 36 killed in fire at workshop in central China's Henan province

A fire has killed 36 people in a workshop in Anyang city in central China's Henan province, Chinese state media said Tuesday. Two other people were injured a nd two remained missing, according to state media reports. The fire broke out Monday afternoon about 4 pm and took firefighters several hours to extinguish. More than 200 search rescue workers and 60 firefighters responded to the fire.