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Coronavirus Outbreak
A new virus is fast infecting the world, creating one of the biggest global health crises since Ebola and SARS.
Editor: Lin Jinbing. Producer: Yu Zhuyangyang
Cover Story: Shanghai Fights a New Covid Enemy With Old Weapons
China’s playbook of lockdowns, mass testing and quarantines can’t keep up with BA.2 variant as city experiences shortages of food and medical care
China, North Korea Restore Rail Link on Kim Jong Un’s Key Trade Route
The cargo line is reopening after trains were suspended in April as part of measures to control Covid
Macao Casinos Jump Most in Six Months on Tourism Revival Bets
The share prices of six licensed casino operators gained more than 10% on Monday as the gambling hub announced plans to welcome back Chinese tourists as soon as November
Tech Insider: Huawei Launches BeiDou-Enabled Phone, U.S. Chip Restrictions Spook Cloud and Smart Car Firms
China accuses the U.S. of stealing its space research, Inhalable Covid vaccine approved in world first
In World’s First, CanSino’s Inhalable Covid Vaccine Gets Beijing’s Green Light
Company’s shares jump after National Medical Products Administration says Convidecia Air can be used as a booster
Weekly Must-Read: Washington’s Drive to Hobble Chinese Chipmaking
A new law that could force chipmakers to choose between the U.S. and China is just the latest effort to keep the Asian giant from moving up the semiconductor supply chain
Gallery: South China Commuters Turn to Cycling Amid Lockdowns
Local officials in Guangdong imposed restrictions on parts of the cities of Guangzhou and Shenzhen that closed public transportation and locked down communities as Covid-19 continued to spread. Guangzhou suspended some bus and subway services, forcing many to commute by bike, while Shenzhen imposed a four-day lockdown on its renowned electronics market after finding that a new mutation of the coronavirus had reached China. Guangdong reported 74 new local cases on Wednesday
Shanghai Composite Index Rose 0.14% on Monday
Shenzhen Component Index closed down 0.34%
U.S. to Suspend 26 Flights by Chinese Airlines in Escalating Dispute Over Covid Policies
The retaliatory move follows Beijing’s decision to limit inbound flights by U.S. carriers including United and Delta
In Depth: As Growth Slumped, Covid Determined Whether China’s Regions Fared Better or Worse
The national economy grew just 0.4% in the second quarter, with coronavirus lockdowns the main culprit
Japan Weighs Easing Covid Travel Controls, Raising Cap on Tourists
Authorities are considering scrapping the current border restriction that require travelers to show proof of a negative test result from within 72 hours of departure
China Seeks to Stabilize Property With Loans, Lower Rates
The five-year loan prime rate, a reference for mortgages, was cut to 4.3% from 4.45%, while the one-year loan prime rate was reduced to 3.65% from 3.7%
Tencent Unveils First Sales Fall, Job Cuts as Economy Sinks
China’s most valuable company recorded its first quarterly drop in staffing since 2014
Tencent-Backed Giants Dive on $24 Billion Meituan Sale Talk
Shares of Meituan, Kuaishou, Bilibili and Pinduoduo slip on report that Tencent may ditch Meituan under government pressure
PBOC Sets Weaker Fixing After Yuan Tumbles to Three-Month Low
Analysts expect the gap between U.S. and Chinese interest rates to continue to widen this year as the Fed continues to tighten
Weekly Must-Read: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions
Wave of detentions and probes of executives call into question the future of the largest chip investment fund and the domestic industry
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