Wednesday, January 19th, 2022

Tag: Chinas

China’s birth rate drops for a fifth straight year to record low

The world’s most populous country recorded 10.62 million births last year, or only 7.5 births per 1,000 people, according to China’s National Bureau of Statistics — marking the lowest level since the founding of...

China’s GDP expanded 8.1% in 2021, but growth is slowing

That figure is roughly in line, if not slightly higher than, the expectations set by many economists. And it outstrips the Chinese government’s target last year for its economy to expand at least 6%...

China’s zero-Covid policy prolongs supply chain disruptions

Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a year now but are expected to “materially...

Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy

“Our country’s economy is facing new downward pressures,” Premier Li Keqiang told financial and tax officials at a meeting Wednesday in Beijing, according to the government news agency Xinhua. “It is necessary … to...

China’s longest underwater highway tunnel is now open

(CNN) — After nearly four years of construction, China’s longest underwater highway tunnel is now open to vehicle traffic. At a length of 10.79 kilometers (6.65 miles), the Taihu tunnel stretches under Lake Taihu...

China’s Covid-19 lockdown in Xi’an hits chipmakers Samsung, Micron

Samsung and Micron said this week that they’ve had to adjust operations in the northwestern city of Xi’an, which is experiencing one of China’s worst community outbreaks of the coronavirus pandemic. Authorities have responded...

Uyghur Forced Labor Prevention Act: Biden signs bill banning goods from China’s Xinjiang

The bill passed Congress this month after lawmakers reached a compromise between House and Senate versions. Key to the legislation is a “rebuttable presumption” that assumes all goods from Xinjiang, where Beijing has established...

China’s most censored social media giant is fined for not censoring enough

But in the eyes of the Chinese Communist Party, it is not censoring enough — and needs to pay a price, literally. That’s far from the first time Weibo has been slapped with such...

Charlie Munger wishes cryptocurrency didn’t exist, admires China’s ban

Billionaire investor Charlie Munger still isn’t a fan of cryptocurrency. “I wish they’d never been invented,” Munger said at the Sohn conference in Sydney on Friday, according to The Australian Financial Review. “I admire...

China’s real estate uncertainties persist, fueling market anxiety

Listings of apartments for sale displayed at a real estate office in Shanghai, China, on Monday, Aug. 30, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Wild swings in Chinese real estate...