China's manufacturing activity fell to a five-month low in March after most of Shanghai and two other industrial centres were shut down to fight coronavirus outbreaks, a survey showed Thursday.
A major economic uncertainty that China faces is the increased global oil prices and the continued conflict in Ukraine and the accompanying sanctions against Russia.
China reported 1,803 locally transmitted COVID-19 cases in the last 24 hours, the National Health Commission said on Thursday.Of the new local infections, 1,340 were reported in Jilin, 355 in Shanghai, 19 in Heilongjiang, 15 in Henan, and 11 each in Fujian and Guangdong, Xinhua News Agency reported citing the commission.The rest of the cases were reported in 16 other provincial-level regions.On Wednesday, a total of 36 imported COVID-19 cases were reported, as per the commission which added that two suspected cases arriving from outside the mainland were reported in Shanghai and no new deaths from COVID-19 were reported on the day.Meanwhile, the Chinese authorities have imposed the strictest lockdown measures in the city of 26 million since the beginning of the pandemic in 2020, a media report said.The city which is one of the important financial hubs of the country has been placed under lockdown as a result of China's 'zero-covid' strategy, Vision Times said.Previously, Shanghai had .
Shanghai authorities on Thursday appealed to residents to keep cooperating with tight curbs imposed to stop COVID-19 spreading
The trial of Chinese Australian journalist Cheng Lei on espionage charges began Thursday in Beijing
China has completed the main search and rescue work at site of a China Eastern Airlines crash that killed 132 people last week and plans to complete a preliminary report
Here is the best of Business Standard's opinion pieces for Thursday
Shanghai's distribution of millions of self-administered antigen testing kits to detect cases quickly, which China only approved this month, has also sown some confusion and fear
The ship will go into commercial operations from next month, being used mainly for sightseeing trips
The lockdown in various Chinese provinces, including Shanghai, is likely to delay shipments by two weeks to a month, said domestic players.
Hosting Russian Foreign Minister Sergey Lavrov, first high level Russian official to visit Beijing after the Ukraine war, China said cooperation between two allies has no ceiling to resist hegemony
Several residents living in western districts on Tuesday received notice from their housing committees that they would be stopped from leaving their compounds for the next seven days
Mainland China-based insurtechs raised $673.7 million in 2021 and $1.42 billion in 2020.
Russia's war with Ukraine is an example.
Russian FM Sergei Lavrov arrived in China to take part in the third meeting of the foreign ministers of Afghanistan's neighbouring countries being organised by Beijing, amid the Ukraine crisis.
As millions of Shanghai residents line up for coronavirus tests in the closed-down metropolis, authorities are promising tax cuts for shopkeepers
China's ambitions to have a major hand in Afghanistan's stability and development under the Taliban, while boosting its own stature, will be on display at a pair of multinational meetings
A worst-case scenario would be a lockdown of all cities for one month, which would cut national GDP by 53 per cent over that period.
The U.S. government said Tuesday that China has granted visas for federal investigators to travel there and aid in the investigation of the deadly China Eastern Airlines crash. The National Transportation Safety Board said China also granted visas to technical advisers from Boeing, which made the plane, engine manufacturer CFM and the Federal Aviation Administration. All would take part in the investigation, under longstanding international agreements. The safety board said the U.S. officials and industry representatives hope to leave for China this week. Their travel was held up for several days to meet Chinese visa and COVID-19 regulations, and the NTSB appealed to the State Department to intervene. A China Eastern Boeing 737-800 jet crashed in a remote mountainous area in southern China on March 21, killing all 123 passengers and nine crew members on board. The plane was cruising at about 29,000 feet about one hour into its flight from Kunming in southeastern China to Guangzho
The Shanghai lockdown stands to become the largest of any city in China's campaign against the virus