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☆ Top Chinese Swimmers Tested Positive for Banned Drug, Then Won Olympic Gold
▼ + stars: | 2024-04-20 | by ( Michael S. Schmidt | Tariq Panja | ) www.nytimes.com time to read: +1 min

Twenty-three top Chinese swimmers tested positive for the same powerful banned substance seven months before the Tokyo Olympic Games in 2021 but were allowed to escape public scrutiny and continue to compete after top Chinese officials secretly cleared them of doping and the global authority charged with policing drugs in sports chose not to intervene. Several of the athletes who tested positive — including nearly half of the swimming team that China sent to the Tokyo Games — went on to win medals, including three golds. Many still compete for China and several, including the two-time gold medalist Zhang Yufei, are expected to contend for medals again at this year’s Summer Games in Paris. China acknowledged the positive tests in a report by its antidoping regulator, saying the swimmers had ingested the banned substance unwittingly and in tiny amounts, and that no action against them was warranted. But an examination by The New York Times found that the previously unreported episode sharply divided the antidoping world, where China’s record has long been a flashpoint.

Persons: Tokyo Games —, Zhang Yufei Organizations: Tokyo Olympic Games, Tokyo Games, New York Times, Aquatics, Doping Agency Locations: China, Paris

☆ Chinese zodiac fortune predictions for 2024
▼ + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +19 min

Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.

Persons: Hong Kong CNN —, There’s, ”, Chen, “, Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, –, it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, ”, Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province

☆ China gears up to ring in Year of the Dragon with expected record 9 billion trips
▼ + stars: | 2024-02-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Authorities last month forecast that China’s population of 1.4 billion would take a record 9 billion trips during the 40-day holiday travel period, which began on January 26. Stringer/VCG/Getty Images A man takes photos of blooming plum blossoms at the Summer Palace in Beijing, China on February 5. Johanes P. Christo/NurPhoto/AP Crowds flock to the Spring Festival Light Show in Xi'an, Shaanxi Province, China on February 3. Axel Miranda/SOPA Images/Sipa/Reuters Workers assemble dragon lanterns at a production workshop in Nanchang, Jiangxi Province, China on January 24. Two major indexes recorded their worst drops in years capping off a dire 2023 that saw China’s stock markets become the world’s worst performer.

Persons: ”, Luo, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Xi Jinping, ” Xi Organizations: Hong Kong CNN —, Festival, CNN, Authorities, China News Service, Spring, Reuters Workers, HSBC, Beijing, United States Embassy Locations: Hong Kong, China, Beijing, Fujian, Xi'an, Shaanxi Province, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province, Shanghai

☆ Sjoestroem wins fifth straight butterfly title at world championships
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +2 min

The 29-year-old Sjoestroem touched the wall in 24.77 seconds to deny Zhang, who was 0.28 seconds behind, while Gretchen Walsh of the United States took bronze. Australia's Cameron McEvoy then won the men's 50m freestyle gold in a superb time of 21.06 seconds, beating silver medallist Jack Alexy of the U.S. by 0.51 seconds. The absence of 2022 men's 100m butterfly champion Kristof Milak and Olympic gold medallist Caeleb Dressel, who also has the world record, will add a dash of uncertainty to the final later in the evening. But she can expect a tough test from American Regan Smith, who was second in the semis, and Australia's Olympic and world champion Kaylee McKeown who also holds the world record of 2:03.14 in the event having set that time in March. The Australian mixed 4x100m freestyle relay team have a shot at lowering their world record of 3:19.38 in the last race after cruising through the heats and going nearly two seconds faster than the United States.

Persons: Sarah Sjoestroem, Stefan Wermuth FUKUOKA, Swede, China's Zhang Yufei, Zhang, Gretchen Walsh, Australia's Cameron McEvoy, Jack Alexy, Briton Benjamin Proud, Kristof Milak, Caeleb Dressel, Dara Rose, Frenchman Maxime Grousset, Josh Liendo, Peng Xuwei, Regan Smith, Kaylee McKeown, Victory, McKeown, Katie Ledecky, China's Li Bingjie, Erika Hairweather, Shrivathsa Sridhar, Christian Radnedge Organizations: Marine Messe Fukuoka, REUTERS, United, Marine Messe Fukuoka Hall, Thomson Locations: Fukuoka, Japan, United States, U.S, China, China's, Australian, Bengaluru

☆ Analysis: China's small steps on offshore use of yuan are starting to add up
▼ + stars: | 2023-04-27 | by ( Tom Westbrook | ) www.reuters.com time to read: +5 min

SINGAPORE, April 27 (Reuters) - China's yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar. True global yuan adoption is unlikely, given expectations that Beijing will want to keep a tight grip on the currency. "Their cooperation could draw other countries to renminbi payments over time and cumulatively, this group could lift the renminbi at the expense of the dollar," he said. "This kind of renminbi internationalisation may achieve Beijing's goals, including reducing China’s exposure to exchange rate fluctuations and mitigating China’s vulnerabilities to U.S. financial sanctions." "Therefore, if exporters want to use yuan to settle trades, they must persuade foreign importers to pay in yuan, which often takes a long time."

☆ China may have to bail out one of its poorest provinces
▼ + stars: | 2023-04-27 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —One of China’s poorest and most indebted provinces has admitted defeat in trying to sort out its finances and is appealing to Beijing for help to avert default. Guizhou, located in a mountainous region of southwest China, has hired a top state-owned distressed debt fund, China Cinda Asset Management, to resolve its “urgent” problems. China’s local governments are struggling with trillions of dollars of debt, after three years of strict pandemic controls and a real estate crash drained their coffers. The Pingtang Bridge links two cities in southwest China's Guizhou province. In China, most local government liabilities are composed of “hidden debt” issued by their financing arms.

☆ China expects annual production capacity of C919 planes to reach 150 in 5 years
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 12 (Reuters) - China expects to reach annual production capacity of 150 domestically-produced C919 planes in five years, government-backed media The Paper said on Friday. Zhang Yujin, deputy general manager of China's state-owned Commercial Aviation Corp of China (COMAC), the maker of C919, said the company had received more than 1,200 orders for the jet. "The first orders are from China Eastern Airlines (600115.SS), and at present a number of carriers are vying for our orders," Zhang said, adding that there would be "qualitative change" in terms of C919's production capacity. COMAC delivered the first C919to China Eastern in December, and the maiden commercial flight is expected to take place in spring this year, according to state-owned Xinhua News Agency. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

☆ China funds with energy bets stand out in a bleak year
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 30 (Reuters) - Chinese fund managers who made big bets on energy companies are celebrating a year that was brutal for many of their peers. Huang Hai, who manages three funds for Wanjia Asset Management, far outperformed the market by wagering on energy stocks such as CNOOC , China Shenhua Energy (601088.SS) and Shaanxi Coal (601225.SS). Energy companies including Shaanxi Coal, Shanxi Lu'an Environmental Energy (601699.SS), Guanghui Energy (600256.SS) and Shenhua Energy are among her fund's top 10 holdings. A Chinese index fund that tracks the Dow Jones U.S. The Lion Oil and Gas Energy Equity Fund, which invests in global energy funds under China's outbound QDII scheme, delivered a return of 53% for domestic investors.

☆ Chinese hospitals 'extremely busy' as COVID spreads unchecked
▼ + stars: | 2022-12-28 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

Staff at Huaxi, a big hospital in the southwestern city of Chengdu, said they were extremely busy caring for patients with COVID, as they have been ever since curbs were eased on Dec. 7. There were long queues inside and outside the hospital’s emergency department and at an adjacent fever clinic on Tuesday evening. “Almost all of the patients have COVID,” one emergency department pharmacy staff member said. Zhang Yuhua, an official at the Beijing Chaoyang Hospital, said most recent patients were elderly and critically ill with underlying diseases. She said the number of patients receiving emergency care had increased to 450-550 per day, from about 100 before, according to state media.

☆ China steps up support for private sector to boost Covid-hit economy
▼ + stars: | 2022-12-19 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Beijing has vowed to go all out next year to save its Covid-hit economy by boosting consumption and loosening control over private industry, including the struggling tech and property sectors. Covid infections are surging in China after leaders unexpectedly eased its restrictive Covid policy earlier this month. Stabilizing economic growth is the top priority for 2023, according to an official readout following the conclusion of the Central Economic Work Conference (CEWC), a key annual meeting of top leaders, which ended Friday. “We need to encourage and support the private sector economy and private enterprise in terms of policy and public opinion,” the statement said. A shopping mall is decorated with rabbit stickers to welcome the Lunar New Year, the Year of the Rabbit, on December 10, 2022 in Beijing, China.

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