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Page 3 - Shanghai

China oil demand may shrink first time since 2002 as Covid curbs bite

China's demand for gasoline, diesel and jet fuel could fall by 380,000 barrels per day (bpd) to 8.09 million bpd in 2022, which would be the first contraction since 2002

China oil demand may shrink first time since 2002 as Covid curbs bite
Updated On : 10 Sep 2022 | 12:16 AM IST

China locks down 65 mn citizens as national holiday travel peak looms

China has locked down 65 million of its citizens under tough COVID-19 restrictions and is discouraging domestic travel during upcoming national holidays. Most of the 21 million people in the southwestern city of Chengdu are confined to their apartments or residential complexes, while in the eastern port city of Tianjin, classes have ben moved online after 14 new cases were reported, all but two showing no symptoms. China reported a total of 1,552 new cases on Monday across the nation of 1.4 billion people, the National Health Commission reported. Despite the relatively low number of infections, authorities have adhered to a zero-COVID policy requiring lockdowns, quarantines and the confining of people suspected of being in close contact with any confirmed case. Sept 10-12 is China's mid-autumn festival, the country's second-most important holiday after the Lunar New Year. The anti-virus measures have taken a major toll on the economy, travel and society in general, but China's ruli

China locks down 65 mn citizens as national holiday travel peak looms
Updated On : 05 Sep 2022 | 5:10 PM IST

China: Iconic Shanghai skyline goes dark as drought hits power supply

The waterfront area - known for its mix of historical and futuristic buildings - is a popular tourist destination, BBC reported.

China: Iconic Shanghai skyline goes dark as drought hits power supply
Updated On : 22 Aug 2022 | 9:12 PM IST

China sentences tycoon to 13 years, fines firm $8.1 billion: Report

Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery

China sentences tycoon to 13 years, fines firm $8.1 billion: Report
Updated On : 19 Aug 2022 | 10:40 PM IST

Shaky scaffolding: Why is China's real estate sector facing a crisis?

Big property developers in China, like Evergrande, are facing a massive shortfall of money, dragging down the sector along with the home demand and prices

Shaky scaffolding: Why is China's real estate sector facing a crisis?
Updated On : 17 Aug 2022 | 1:16 PM IST

Covid discrimination in China can cost recovered patients jobs, homes

A history of infection stored in the health apps that track each person in China can be found by employers, threatening job prospects

Covid discrimination in China can cost recovered patients jobs, homes
Updated On : 08 Aug 2022 | 7:22 AM IST

China's Covid zero policy could last for years as it works for Xi

It's 2025 in Beijing, five years since the start of the pandemic, and Chinese President Xi Jinping's Covid Zero policy is still an inescapable part of daily life

China's Covid zero policy could last for years as it works for Xi
Updated On : 03 Aug 2022 | 8:44 AM IST

Sony sees 3% rise in profit despite waning interest in video games

Sony's profit edged up 3 per cent in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere

Sony sees 3% rise in profit despite waning interest in video games
Updated On : 29 Jul 2022 | 2:53 PM IST

China's economy strengthens in July despite housing crisis, covid woes

The center of China's covid outbreak has shifted over the last month, with cases low in Shanghai and surrounding provinces but rising elsewhere, with some new lockdowns and restrictions being imposed

China's economy strengthens in July despite housing crisis, covid woes
Updated On : 26 Jul 2022 | 9:03 AM IST

China's economy grows 0.4% in June quarter, set to miss fiscal target

China's economy logged a 2.5 per cent YoY growth in the first half of 2022, official data showed on Friday

China's economy grows 0.4% in June quarter, set to miss fiscal target
Updated On : 16 Jul 2022 | 12:12 AM IST

Heatwaves hammer megacities in China's Yangtze basin, strain power grid

Over 90 red alerts issued across China for high temperatures; Shanghai issues red alerts, rare for the city; power load on grids hits record in seven provinces, regions

Heatwaves hammer megacities in China's Yangtze basin, strain power grid
Updated On : 13 Jul 2022 | 11:36 PM IST

China's manufacturing activity improves after factories in Shanghai reopens

China's manufacturing activity improved in June after anti-virus controls that shut down Shanghai and other industrial centers were eased, a survey showed Thursday

China's manufacturing activity improves after factories in Shanghai reopens
Updated On : 30 Jun 2022 | 11:59 AM IST

China's easing Covid curbs spark travel inquiry surge, and caution

Unexpected moves mark a significant easing of rigid curbs that have severely curtailed travel and battered China's economy, although tough measures remain in place including a scarcity of intl flights

China's easing Covid curbs spark travel inquiry surge, and caution
Updated On : 29 Jun 2022 | 8:22 PM IST

China registers 13 new locally confirmed Covid-19 cases in last 24 hours

China reported 13 locally transmitted confirmed Covid-19 cases, including three in Beijing and nine in Shanghai and one in Inner Mongolia Autonomous Regions in the past 24 hours

China registers 13 new locally confirmed Covid-19 cases in last 24 hours
Updated On : 23 Jun 2022 | 10:13 AM IST

China's zero Covid policy & India's opportunity

India must suitably reorient its trade policy to take advantage of China's persistence with lockdowns

China's zero Covid policy & India's opportunity
Updated On : 23 Jun 2022 | 2:14 AM IST

Even without a lockdown, Beijing's economic activity declined in May

Industrial output in the capital city dropped nearly 40% in May, worse than Shanghai's almost 28% drop

Even without a lockdown, Beijing's economic activity declined in May
Updated On : 21 Jun 2022 | 7:45 AM IST

China reports 14 fresh local Covid-19 infections, 10 logged in Shanghai

China reported 14 locally transmitted confirmed COVID-19 cases, including four in Beijing and 10 in Shanghai in the past 24 hours, according to the National Health Commission's report Monday.

China reports 14 fresh local Covid-19 infections, 10 logged in Shanghai
Updated On : 20 Jun 2022 | 12:59 PM IST

China re-imposes Covid-19 restrictions just weeks after reopening

Beijing reported 45 new local cases on Monday afternoon, after having single digit cases on most days last week

China re-imposes Covid-19 restrictions just weeks after reopening
Updated On : 13 Jun 2022 | 10:26 PM IST

Mass Covid testing announced for Beijing district amid 'ferocious' outbreak

City health officials said that so far there have been 166 confirmed cases linked to the outbreak that began at the Heaven Supermarket bar in the Sanlitun area on Thursday, 145 of them bar patrons

Mass Covid testing announced for Beijing district amid 'ferocious' outbreak
Updated On : 13 Jun 2022 | 2:33 AM IST

Panic buying triggered in Shanghai as mass Covid-19 testing returns

The mass testing announcements sparked fears of a return to stringent, prolonged lockdown among Shanghai residents, many of whom had been confined to their homes for two months or more since March

Panic buying triggered in Shanghai as mass Covid-19 testing returns
Updated On : 11 Jun 2022 | 7:03 PM IST