Panic in China’s richest city as 25m residents of Covid-ridden Shanghai run out of food in world’s strictest lockdown April 8, 2022 Frustration, panic and anger is growing in Shanghai as millions of residents are struggling to get their hands on meat, rice and other food supplies while the government tries to contain a spreading Covid outbreak with anti-coronavirus controls that confine most of its 25m people to their homes, People in China’s business capital have complained [...]
Britain will become a ‘wholly owned subsidiary of China’ if sale of Newport microchip giant is approved, govt is warned April 7, 2022 If businesses like Newport Wafer Fab are sold to companies linked to the Chinese government, Britain will simply become a “wholly owned subsidiary” of China, ministers were warned today. Lord Alton of Liverpool called on ministers to reveal whether the Government had any contracts with Newport Wafer Fab, which manufacturers microchips, and whether the Government [...]
Shanghai completely shut: ‘Extremely grim’ Covid outbreak in China’s biggest city deepens with 26m people confined to their homes April 5, 2022 Amid an ongoing lockdown confining around 26m in Shanghai, a city official said this afternoon local time that the Covid-19 outbreak in China’s largest metropolis of Shanghai is “extremely grim” The director of Shanghai’s working group on epidemic control, Gu Honghui, was quoted by state media as saying the outbreak in the city was “still [...]
What’s behind market volatility in China? March 23, 2022 | City Talk It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
Hong Kong developer swoops in with £96m steal for Vauxhall Square site March 16, 2022 Vauxhall Square in London has been sold by a Chinese developer for £96m, which is a reported discounted price of 42 per cent. A subsidiary of Hong Kong-based company the Far East Consortium International (FEC) swooped in for the 14m square-foot site, buying it off rival firm, Guangzhou-based R&F Properties, on the cheap. It was [...]
Chinese cities on lockdown as Covid-19 cases spiral and local stocks tumble March 14, 2022 As China battles its largest surge in Covid-19 cases since the beginning of the pandemic, Beijing has shuttered several cities including technology hub Shenzhen. It comes as Covid-19 cases in the country, which has adopted a controversial ‘Zero-Covid’ stance, tripled in just one day. With fresh restrictions also being blanketed across Shanghai, China’s CSI 300 [...]
UK-based Chinese companies suffered from global instability last year, new research shows February 25, 2022 Revenues generated by Chinese companies working in Britain have dropped by almost a third, due to global instability and the impacts of Covid-19, according to new research. Chinese companies employed 61,000 UK residents contributed £63bn to the British economy in 2021, according to new figures from the Tou Ying Tracker. The £63bn in revenues generated [...]
Blinken’s unmistakable warning to China: US will fight aggression and defend rules-based system February 11, 2022 America and its allies must stand up for a rules-based system threatened by Chinese aggression, US secretary of state Antony Blinken has warned although he stressed a confrontation with China is not inevitable. Blinken spoke shortly before a meeting with the foreign ministers of Australia, India and Japan in Melbourne. The four nations form the [...]
Outraged UK taken by surprise: China backs Argentina’s claim over Falklands with Argentina supporting Taiwan claim in return February 7, 2022 The UK responded with fury as the government was taken by surprise after Argentinian president Alberto Fernandez met with China’s President Xi on the fringes of the Beijing winter Olympics, and both countries moved to recognise two historical claims. The two leaders signed an agreement in which China reasserted its support for Argentina’s claim to [...]
Beijing retains ‘full emergency mode’ amid Covid concerns ahead of Winter Olympics January 22, 2022 China’s capital Beijing has urged its districts to maintain “full emergency mode” regarding Covid, less than a fortnight before the Winter Olympic Games begin. Cities across the country have introduced tougher Covid measures in recent weeks, in an attempt to control new outbreaks of the virus. In measures introduced earlier this month, travellers into Beijing [...]