BEIJING (Reuters) -China’s factory and retail sectors faltered in August with output and sales growth hitting one-year lows as fresh coronavirus outbreaks and supply disruptions threatened the country’s impressive economic recovery.FILE PHOTO: An employee inspects a circuit board on the
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Chinese firm buys Canada mRNA vaccine tech in $670 million deal
BEIJING (Bloomberg) – Chinese biopharma firm Everest Medicines will license an mRNA Covid-19 vaccine from Canada’s Providence Therapeutics Holdings as companies try to bring the most effective inoculation platform into China despite its apparent resistance to western shots. Everest will
Volkswagen's China partners bristle as carmaker lavishes love on new venture
BEIJING (Reuters) – Volkswagen is in talks to tighten its grip on a majority-owned joint venture in China, sparking tensions with the German automaker’s other Chinese partners who fear they could be sidelined, sources familiar with the matter said.FILE PHOTO:
Evergrande's billionaire boss exudes calm as debt risks grow
HONG KONG (Reuters) – Mingling with power brokers at celebrations to mark the centenary of the Chinese Communist Party on July 1, a beaming Hui Ka Yan showed no signs that his company, China Evergrande, was facing mounting pressure with
China bans under-18s from playing video games for more than an hour per day
Under-18s have been banned by the Chinese government from playing online games for more than an hour a day, it has emerged. The move also sees youths only being permitted to play the games between 8pm and 9pm on Fridays,
China approves renewable mega-project for green hydrogen
SINGAPORE (BLOOMBERG) – The Chinese region of Inner Mongolia has approved a massive power project that will use solar and wind to produce green hydrogen. Inner Mongolia’s Energy Administration has given the go ahead to a cluster of plants in
Evergrande drops further after chairman steps down from key unit role
HONG KONG (BLOOMBERG) – China Evergrande Group’s shares and bonds slid for a second day after billionaire Hui Ka Yan stepped down as chairman of the company’s onshore real estate unit. The move spooked investors already concerned about the company’s
China July Retail Sales Growth of 8.5% Disappoints
SHANGHAI–July national retail sales in China grew 8.5 percent compared to a year ago, missing expectations as the Delta variant virus outbreak and flooding in Henan weighed on the economy. While it was a disappointing month–analyst consensus was for 11.4
Canada condemns China's treatment of detained citizens, issue set to figure in election
OTTAWA/VANCOUVER (REUTERS) – Canada condemned China on Wednesday (Aug 11) for its treatment of two detained Canadian citizens, days ahead of the anticipated start of an election campaign in which opposition parties are expected to accuse the Liberal government of
China: Flooding kills more than 300 – including 14 trapped in subway
More than 300 people have died after disastrous flooding hit central China, including 14 who perished after getting trapped in a flooded subway line. Chinese authorities in the Henan province announced a total of 302 people had been killed, more