”China is experiencing a kind of recession” mainly in the real estate market, Musk, chief executive of the electric carmaker, said during a third-quarter earnings call on Wednesday US time. Musk was responding to a question about recent order revenue trends, particularly in China, where Tesla has a large factory. For its part, Europe is […]
Tag: China
Could Nancy Pelosi’s visit spark a war between China and Taiwan?
It is not the first time that China and Taiwan have been the protagonists of high tensions that divide, once again, the world in two. This new chapter began a few months ago between calls from the president of the United States, Joe Biden, and Xi Jinping, the Chinese president. Between conversations, China mentioned its […]
China services activity expands in July at fastest pace in 15 months
The service activity of China grew at the fastest pace in 15 months in July as the easing of COVID restrictions boosted consumer confidence, but foreign demand fell and businesses cut staff for the seventh straight month, a private-sector survey showed. Caixin’s Services Purchasing Managers’ Index rose to 55.5 in July, the fastest growth since […]
China open to “cooperation” with Mercosur as a whole while advancing in FTA with Uruguay
The director general for Latin America and the Caribbean of the Chinese Foreign Ministry, Cai Wei, stated in Montevideo that Beijing, which has begun negotiations for a Free Trade Agreement (FTA) with Uruguay, is open to the “cooperation” with “the Southern Common Market (Mercosur) as a whole”. “The Chinese side is open to cooperation both […]
Li, China’s economic conscience against covid zero
Faced with the efforts of the Chinese president, Xi Jinpingto maintain the strategy of zero COVIDthe first Minister, Li Keqianghas become the economic conscience of the Asian giant with constant calls for pragmatism when imposing restrictions to curb outbreaks. in his last “inspection tour” -protocol that the leaders of the communist regime usually use to […]
Hong Kongers more interested in migrating than celebrating their return to China
This July 1, the elite pro Beijing of Hong Kong and the Chinese president, Xi Jinpingcelebrate under strict security measures in the city’s elephantine Convention Center the 25th anniversary of the return to China of the hitherto British colony. But less than two weeks earlier, in that same place in the Wan Chai district, 50,000 […]
Oil rebounds due to travel season, in a week marked by the weakness of the dollar
The prices of Petroleum international had a slight takeoff this Monday thanks to the demand for fuel in the United States, the little supply and a slightly weaker dollar. For its part, China is getting ready to reopen its borders after a confinement that lasted two months and that contributed to concerns about a marked […]
China to take strong, targeted measures to support economy: cabinet
China will adopt a package of targeted, forceful and effective measures to support the economy, state television said, citing a cabinet statement, amid downward pressure on activity. China will make every effort to return its economic operations to normal, the cabinet said. “Currently, the downward pressure on the economy continues to increase and it is […]
Chinese megacity of Guangzhou cancels flights and carries out mass tests after a case of COVID-19
Lima, 04/28/2022 08:56 am China’s megacity of Guangzhou on Thursday canceled hundreds of flights and ordered 5.6 million people to be tested after detecting a suspected case of COVID-19, as the country grapples with an outbreak of the coronavirus. Canton, an important commercial and manufacturing pole in the south of Chinabegan testing almost a third […]
Confinement in Shanghai: the effects generated by the zero COVID policy in China
A BBC Mundo article recounts the vicissitudes that a Colombian woman lives in China -specifically in Shanghai due to confinement due to COVID cases. She affirms – to the BBC – that she had “never” experienced a situation like the current one. This is his story: early Monday morning, Chinese police knocked on the door […]