[ad_1] Hong Kong CNN — China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world’s second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country. The …
Read More »Beijing to distribute Pfizer antiviral drug as Covid wave overwhelms health system
[ad_1] Beijing CNN — Beijing will begin distributing Pfizer’s Covid-19 drug Paxlovid to the city’s community health centers in the coming days, state media reported Monday. The report comes as the city grapples with an unprecedented wave of infections that has severely strained its hospitals and emptied pharmacy shelves. The …
Read More »Covid-19: China’s surge in cases hits factories and consumer market
[ad_1] Hong Kong CNN — China’s economy is under severe strain as a wave of Covid cases sweeps across the country. Since the world’s second largest economy drastically eased its Covid restrictions earlier this month, there has been no clear data on the extent of the virus’ spread on the …
Read More »China sends 47 aircraft across Taiwan Strait in new ‘strike drill’
[ad_1] Taipei, Taiwan CNN — China sent 47 aircraft across the median line of the Taiwan Strait on Sunday, its largest incursion into Taiwan’s air defense zone in recent months, as Beijing steps-up efforts to normalize aggressive military operations around the self-ruled island. The incursions, part of a so-called “strike …
Read More »TikTok executive refuses Jake Tapper’s multiple requests to acknowledge China’s treatment of Uyghurs
[ad_1] New York CNN — In an interview with CNN’s Jake Tapper Tuesday, a TikTok executive refused multiple times to acknowledge China’s treatment of Uyghurs and other Muslim minorities, which the US State Department has labeled a genocide and a United Nations report said may constitute “crimes against humanity.” In …
Read More »Nike (NKE) Q2 earnings 2023
[ad_1] People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021. Florence Lo | Reuters Nike on Tuesday reported quarterly results that easily topped Wall Street’s expectations, even as higher costs squeezed the company’s margins. Shares of Nike rose …
Read More »Chinese megacity Chongqing says people with Covid can go to work ‘as normal’
[ad_1] Hong Kong CNN — The sprawling Chinese metropolis of Chongqing announced Sunday that public sector employees testing positive for Covid-19 can go to work “as normal,” a remarkable turnaround for a city that only weeks ago had been in the throes of a mass lockdown. The move comes as …
Read More »Don’t want to travel? Many in Japan say they’ll ‘never travel’ again
[ad_1] Everyone is traveling, it seems. Data shows people are traveling more often and for longer periods of time, with many planning big bucket list-style trips this year. But this isn’t the reality for all. Another group of people are quietly emerging from the pandemic with little to no interest …
Read More »Concession awards mark a reset for Macao casinos
[ad_1] Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a …
Read More »Taiwan’s military has a problem: As China fears grow, recruitment pool shrinks
[ad_1] Taipei, Taiwan CNN — Taiwan has noticed a hole in its defense plans that is steadily getting bigger. And it’s not one easily plugged by boosting the budget or buying more weapons. The island democracy of 23.5 million is facing an increasing challenge in recruiting enough young men to …
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