Page 5 - Bloomberg News

More Chinese cities look to lockdown as coronavirus outbreak spreads

Shanghai, home to the world's largest port and large parts of China's financial markets including the stock exchange, remains under a strict lockdown

China finds new coronavirus subtype as daily cases exceed 13,000

Almost 12,000 of the cases reported nationwide on Saturday were asymptomatic.

China's GDP target of 5.5% for 2022 will be challenging to meet: Economists

The economy grew 8.1% in 2021, when the government set a conservative target of 'above 6%.'

China basks in Covid Zero approach as other nations scramble for Omicron

Country closed border indefinitely at the beginning of the pandemic, intensifying its stringent curbs ever since.

China ring-fences Beijing as coronavirus outbreaks continue to swell

The escalating restrictions come after the number of infections in the capital rose persistently over the past few days and are now nearing 40.

China coal futures surge to record as flood swamps mine hub

Floods have closed 60 of the 682 coal mines in Shanxi province, a region that has produced 30% of China's supply of the fuel this year, adding to a worsening energy crisis that threatens the country

Tencent becomes world's worst stock bet with $170 billion wipeout

The firm is one of the key casualties of an official campaign that targets tech behemoths considered a potential threat to China's data security.

China's foreign minister warns foes not to misjudge China's will

In a sweeping speech that touched on topics from the global pandemic to counterterrorism, North Korea to the Iran nuclear issue and Taiwan, Foreign Minister Wang Yi showcased China's rising confidence

China's worse-than-Suez ship congestion set to widen global trade chaos

Yantian Port says it will be back to normal by the end of June, but it may take months for the cargo backlog in southern China to clear while the fallout ripples worldwide.

AstraZeneca Covid-19 vaccine faces more supply hurdles, now from Thailand

Thailand was slated to receive and administer 6 million AstraZeneca vaccine doses in June but health authorities this week said they would be distributing only 3.5 million of those shots this month

China turns first major country to let preschoolers have emergency vaccine

The move comes amid reports that young people with the disease could be as infectious as adults

China vaccinating almost 14 million people a day, fastest in world

The ramp up in shots is being helped by a flareup of cases in the eastern province of Anhui and northeastern region of Liaoning.

Investors brace for market fallout as most of India's states lock down

Rising Covid-19 cases force reassessment among investors who had hoped that less-severe curbs.

China's economic divide between rich south and lagging north set to widen

Regional gap may worsen as China looks to reduce carbon emissions and impose financial discipline on local governments, Nomura says.

China's bid to ramp up Covid vaccinations hindered by supply shortages

China has also offered vaccines to the International Olympics Committee for the upcoming Tokyo Games, while carrying out discussions with European countries looking for supply

Xi Jinping's shifting China is compelling investors to run, hide or hire

Jinping's government endorsed a boycott against retailers like Hennes & Mauritz AB and slapped sanctions on a range of organizations over statements made on alleged forced labor in Xinjiang

Trump leaves Washington an outcast, trailed by pandemic, joblessness

Biden will arrive in Washington on Tuesday, where Trump isn't expected to give him a meeting, according to people familiar with the matter

Coronavirus lockdowns are spreading a year after China closed Wuhan

In Australia, the recent discovery of one case in Brisbane prompted a three-day lockdown

'He is laying low': Jack Ma's local bar awaits its most famous regular

Ma, who used to come at least once a month to the bar that was opened by Alibaba executives in early 2019, hasn't been around since late last year, said one worker

Xi Jinping asks Starbucks's Schultz for help mending US-China ties

Chinese leaders have often tried to utilize ties with US business leaders to improve US-China relations, and have repeatedly stressed the role of commerce as a stabilizer in bilateral ties