Saturday, December 3, 2022
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Companies Marred With Overdue Payments Suggest China’s Slow Economic Recovery

With China's economic growth projected slow in 2022, a payment survey by Coface, China's credit insurance group, shows that many companies have reported ultra-long payment delays (ULPDs) which means companies are facing overdue payments by more than six months. ...Tap to read more

China’s Zero Covid Strategy To Defeat Pandemic Not ‘Sustainable’: WHO Chief

World Health Organization Director-General Tedros Adhanom Ghebreyesus on Tuesday said that China's "zero-COVID" strategy isn't sustainable given the virus' ever-evolving nature. ...Tap to read more

Top Chinese Leader Warns Of ‘Complex And Grave’ Job Market Due To COVID-19 Lockdowns

Chinese Premier Li Keqiang painted a grim picture of the job market in the world's most populous nation due to widespread COVID-19 lockdowns. ...Tap to read more

G7 Voices Concern Over Selection Of New Hong Kong Chief

London [UK]: Foreign ministers of the Group of Seven (G7) alliance voiced concern on Monday over the election of a former police officer as Hong Kong's new leader, calling it part of a continued "assault on political pluralism and fundamental freedoms" of the city. ...Tap to read more

Beijing Begins Fresh Round Of COVID-19 Tests As Shanghai Postpones Crucial Exams

Beijing on Saturday began a fresh round of mass testing for coronavirus and has also postponed Shanghai's Gaokao University entrance exam till early July. ...Tap to read more

China unveils policy orientation for economic & social development

Chinese Premier Li Keqiang unveiled a government work report at the opening meeting of the fifth session of the 13th National People's Congress held in Beijing and introduced the overall requirements and policy orientation for economic and social development in 2022. In his report, the premier reviewed the government work in 2021 and said that the country worked hard as one and once again secured new and major achievements in its development in the past year in the face of complicated and challenging circumstances both in and outside of China, as well as many risks and challenges.

China reports 175 locally transmitted COVID-19 cases

The Chinese mainland reported 175 locally transmitted COVID-19 cases in the last 24 hours, local news reported citing the National Health Commission on Sunday. Xinhua News Agency reported that out of the new local infections, 88 were reported in Shandong, 25 in Jilin, 20 in Guangdong, 14 in Hebei, nine in Inner Mongolia, five in Guangxi, four each in Jiangsu and Yunnan, two each in Zhejiang and Shaanxi, and one each in Shanxi and Henan, the commission said in its daily report. A total of 154 imported COVID-19 cases were reported on Saturday, said the commission.

China’s trade war with US resulted in loss of USD 550 billion: Report

Amid an economic slowdown, China's four-year 'trade war' with the US has resulted in a total loss of USD 550 billion in import tariffs, the majority of which are aimed at Beijing, a media report said on Saturday. The trade war, accompanied by a slowdown in China's economy and the impact of the COVID-19 pandemic, has resulted in the World Bank predicting a significant slowdown in the global economy as well as a lower prediction for the economic growth in the United States and China, reported The Hong Kong Post.

China conducting military drills near Vietnam coast

China is conducting military drills in the South China Sea in an area between its southern province of Hainan and Vietnam, media reports said on Saturday. The Bangkok Post reported that Beijing has warned ships to stay away from the region. The Hainan Maritime Safety Administration said the drills would last until March 15. In a statement late on Friday, the Chinese administration provided coordinates for an area between Hainan's Sanya and the Vietnamese city of Hue.

US Senators propose sanctions against China in event of Taiwan invasion

Amid China's growing military aggression towards Taiwan, three US senators have proposed a bill that would allow for the imposition of financial sanctions against China in the event of an attack or invasion of the island. This bill comes at a time when the experts fear that China too might flex muscles over Taiwan and the South China Sea, after taking cues from Russia's military operation in Ukraine. The bill will give US lawmakers to sever all financial transactions between the US and China if China engages in armed aggression against Taiwan.

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Mercury Dips Further In Mount Abu, Layer Of Snow Covers Vehicles

Sirohi (Rajasthan): With the mercury dipping in northern parts of the country, a layer of ice formed on vehicles and fields in the hill station of Mount Abu on Saturday morning. ...TAP TO READ MORE.

MCD Polls: EC Sets Up 13,638 Polling Stations Across Delhi

New Delhi [India]: Delhi State Election Commission has set up 13,638 polling stations for the civic body polls in the national capital, slated for 4th Dec. ...TAP TO READ MORE.

BJP Shedding “Crocodile Tears” For Farmers: Naveen Patnaik

Bargarh (Odisha): Ahead of the Padampur bypoll, Odisha Chief Minister Naveen Patnaik on Friday slammed the BJP-led Centre for imposing 18 per cent GST on Kendu leaf trade, saying the BJP leaders are shedding "crocodile tears" for farmers and are misleading the people for political purposes. ...TAP TO READ MORE.

Police Complaint Lodged Against Paresh Rawal Over His Remark

Kolkata (West Bengal): Communist Party of India (Marxist) (CPI-M) has lodged a police complaint against Paresh Rawal, alleging that the veteran actor made the remark to provoke riots and destroy the harmony between Bengali community and other communities. ...TAP TO READ MORE.