In ‘miracle’ city Shenzhen, fears for China’s economic future
David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he Continue Reading
Beijing warns of ‘explosive’ COVID outbreak, Shanghai conducts mass testing
China’s capital Beijing is experiencing an “explosive” COVID-19 outbreak connected to a bar, a government spokesman said on Saturday, as the commercial hub, Shanghai,conducted mass testing to contain a jump Continue Reading
Saudi Arabia Cuts Oil Volumes To China For July
Saudi Arabia will ship lower-than-nominated crude oil volumes to some of its Chinese buyers next month. Many buyers in Asia have asked for more Saudi crude oil for July. This Continue Reading
Beijing and Shanghai Resume Mass Testings as Cases Rise
Beijing and Shanghai both resumed mass testing for Covid-19 as new community outbreaks of the virus emerged just days after the two key Chinese cities eased social curbs that had Continue Reading
US pledges to maintain military capacity to defend Taiwan
US defence secretary Lloyd Austin accused China of stepping up coercive behaviour towards Taiwan as he stressed that Washington would maintain its military capacity to resist any force that threatened Continue Reading
Shanghai Orders Over Half Its Residents to Undergo Covid Testing as Resurgence Fears Rise
More than half of Shanghai’s 25 million residents will undergo Covid-19 testing this weekend, raising the prospect of extended periods of home confinement for any who test positive, a rude Continue Reading
China digs in for permanent zero-Covid with testing and quarantine regime
China is building hundreds of thousands of permanent coronavirus testing facilities and expanding quarantine centres across many of its biggest cities as part of its zero-Covid policy, despite the economic Continue Reading
Oil pares gains as new China lockdown measures emerge
Oil prices gave up early gains on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures, outweighing news of China’s stronger-than-expected exports in May. Brent crude futures for August Continue Reading
China May crude oil imports edge up, but refined oil product exports slump
May crude oil imports around 10.79 mln bpd, up 11.8% on yr Jan-May crude oil imports down 1.7% yr/yr May refined oil product exports down 40% yr/yr Jan-May natural gas Continue Reading
Tesla Shanghai Workers Can Return Home for First Time in Weeks
Thousands of Tesla Inc. workers in Shanghai will be able to return to their homes from Friday, exiting a factory bubble set up to maintain operations during the city’s recent Continue Reading