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Separately, China's state planner said it and the foreign exchange regulator met with companies in "key sectors", which a source said included property firms, over their foreign debt holdings, asking them to "optimise" offshore debt structures and prepare to repay interest and principal on foreign bonds. read moreShares of property developers extended losses, hurt also by concern over China's plans to introduce a real estate tax. China's CSI 300 Real Estate Index (.CSI000952) fell 2.8%, and the Hang Seng Mainland Properties Index (.HSMPI) dropped 4.3%. The broader Hang Seng index (.HSI) edged down 0.4% while China's CSI300 index (.CSI300) slipped 0.3%. Chinese Estates Holdings Ltd (0127.HK) said it would book a loss of HK$288.37 million ($2.24 billion) this fiscal year from its latest sale of bonds issued by Chinese property developer Kaisa Group Holdings Ltd (1638.HK).
Persons: Thomas Peter, Land's, Fitch, Tuesday's, who's, China Evergrande, Donny Kwok, Andrew Galbraith, Tony Munroe, Anne Marie Roantree, Himani Sarkar, Robert Birsel Organizations: REUTERS, Hang, HK, China Evergrande, Co, Moody's, National, Reform Commission, State Administration, Foreign Exchange, Fantasia Holdings, Evergrande, CSI, Mainland Properties, Chinese Estates Holdings, Kaisa Group Holdings, Finance, China, Thomson Locations: Beijing, China, HONG KONG, SHANGHAI, Hong Kong, Shanghai
The state-controlled company, known as Chalco, said third-quarter net income was 2.23 billion yuan ($349 million), up around 430% from an adjusted 421.25 million yuan a year earlier. Third-quarter revenues meanwhile rose 51.3% year-on-year to 74.19 billion yuan as Shanghai aluminium prices soared to their highest since 2008. The rally came as electricity shortages saw power shortages imposed on Chinese smelters and took about 3 million tonnes of annual supply out of the market. The company said it produced 2.92 million tonnes of primary aluminium in January-September, up 5.8% year on year. Shanghai aluminium has eased around 7% this month as China’s government steps up efforts to tame high prices for coal, the main source of power for energy-intensive aluminium smelting.
Persons: Christina Hu Organizations: Aluminum Corp, China, REUTERS, Aluminum Corp of China Ltd, Chalco Locations: Beijing, Shanghai, China
BEIJING, Oct 26 (Reuters) - China’s state planner and foreign exchange regulator met with companies in key sectors on Tuesday over their foreign debt holdings, the National Development and Reform Commission (NDRC) said amid ongoing investor concerns over the debt of property developers including China Evergrande Group. The regulators asked the unnamed companies to optimise their foreign debt structures and proactively prepare for repayment of both principal and interest on their foreign bonds, the NDRC said in a statement on its website.
Organizations: National Development, Reform Commission, China Evergrande Group Locations: BEIJING, China
HSBC joins investors reckoning worst is over in China
  + stars: | 2021-10-26 | by ( Tom Westbrook | ) www.reuters.com   time to read: +2 min
SINGAPORE (Reuters) - Analysts at Europe’s biggest bank HSBC have turned bullish on Chinese stocks, arguing the worst of a regulatory storm has passed and that Beijing will provide policy support to arrest slowing growth. “We think the baby is being thrown out with the bathwater,” the HSBC analysts said in a report which had Herald van der Linde, head of Asia-Pacific equity strategy, as its lead author. “Yes, China is struggling with growth, and a stronger dollar is not good news for China’s stock markets. “As growth is slowing, we expect Beijing to introduce more targeted easing measures in the coming months,” said the HSBC analysts. It has “buy” recommendations on developers China Resources Land, Longfor Group Holdings and Shimao.
Persons: Carlos Barria, der Linde, , that’s, BlackRock, Goldman Sachs, , Evergrande Organizations: HSBC, Shanghai Financial Center, REUTERS, Citi Private Bank, Goldman, ” HSBC, China Resources, Longfor Group Holdings Locations: SINGAPORE, Europe’s, Beijing, Asia, Pacific, China
China's state planner was set to meet property firms carrying large dollar-denominated debts on Tuesday to take stock of their total issuance volume and repayment capability, amid mounting concern about liquidity. read moreShares of property developers extended losses, hurt also by concern over China's plans to introduce a real estate tax. China's CSI 300 Real Estate Index (.CSI000952) fell 2.8%, and the Hang Seng Mainland Properties Index (.HSMPI) dropped 4.3%. The broader Hang Seng index (.HSI) edged down 0.4% while China's CSI300 index (.CSI300) slipped 0.3%. Chinese Estates Holdings Ltd (0127.HK) said it would book a loss of HK$288.37 million ($2.24 billion) this fiscal year from its latest sale of bonds issued by Chinese property developer Kaisa Group Holdings Ltd (1638.HK).
Persons: Thomas Peter, Fitch, who's, China Evergrande, Donny Kwok, Andrew Galbraith, Anne Marie Roantree, Himani Sarkar, Robert Birsel Organizations: REUTERS, HK, China Evergrande, Co, Fantasia Holdings, Evergrande, CSI, Mainland Properties, Chinese Estates Holdings, Kaisa Group Holdings, Finance, China, Thomson Locations: Beijing, China, Seng, HONG KONG, SHANGHAI, Hong Kong, Shanghai
China real estate indexes fell 2.8% and 4.5% after property developer Modern Land defaulted on a payment, and as the sector digested Beijing’s decision to roll out a pilot real estate tax in some regions. “The Modern Land missed debt payment has seen property sector nerves return to China markets,” said Jeffrey Halley, senior market analyst, Asia Pacific at OANDA. MSCI’s index of EM shares was up 0.2%. The lira is down more than 20% this year, thanks to worries about monetary policy, geopolitics and depleting foreign exchange reserves. For GRAPHIC on emerging market FX performance in 2021, see tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance in 2021, see tmsnrt.rs/2OusNdXFor TOP NEWS across emerging marketsFor CENTRAL EUROPE market report, seeFor TURKISH market report, seeFor RUSSIAN market report, see
Persons: , Jeffrey Halley, “ Evergrande, Meituan, Tayyip Erdogan, ZAR, Shaun Murison Organizations: Modern, South Africa, West, IG, CENTRAL Locations: China, Asia, OANDA, Hong, Turkey, South, United States, Beijing, Moscow, State, Africa’s
Stocks in Indonesia, India Thailand, Singapore and Philippines were up between 0.2% and 0.9%. Malaysian stocks fell 0.2%, dragged by the world's biggest latex glove maker Top Glove and peer Hartalega Holdings. Top Glove and Hartalega fell 1.5% and 4.5%, respectively, after Supermax Corp warned of a hit from a U.S. import ban. Supermax, which is not part of the benchmark stock index, slid 1.6%. Other Asian currencies were mixed against a steady dollar, with the Malaysian ringgit and Taiwan's dollar firming up to 0.2% each, while the Philippine peso slipped.
Persons: Indranil Sarkar, Alvin Tan, Korea's KOSPI, Subhranshu Sahu Organizations: RBC Capital Markets, Asia FX, Bank of, Hartalega Holdings, Supermax Corp, United, Malaysian, Singapore, Keppel Corp, United States Locations: Malaysia, China, Stocks, Indonesia, India Thailand, Singapore, Philippines, Beijing, COVID, Shanghai, Asia, Bank of Korea, Malaysian, U.S, United States, Philippine, United, United States Asia, Japan, Taiwan, Thailand, Bengaluru
BERLIN—Nations across Central and Eastern Europe are deepening ties with Taiwan as relations with China cool, leading to confrontation with Beijing. Taiwan’s Foreign Minister Joseph Wu is visiting Slovakia and the Czech Republic this week in a move that China, which claims self-ruled Taiwan as Chinese territory, warned might lead to retaliation. Lithuania, meanwhile, has angered Beijing by agreeing with Taiwan to open de facto embassies in each other’s capitals. Poland and Slovakia recently donated hundreds of thousands of doses of Covid-19 vaccines to Taiwan.
Persons: Joseph Wu Organizations: BERLIN, Nations, Taiwan’s Locations: Central, Eastern Europe, Taiwan, China, Beijing, Slovakia, Czech Republic, Lithuania, Poland
HONG KONG — A Hong Kong activist dubbed "Captain America 2.0" for wielding the superhero's shield during protests was found guilty of incitement to secession on Monday, the second person convicted under a national security law imposed by China in a crackdown on dissent. Critics say authorities have used the security law as a tool of repression, and that the right to free speech, enshrined in the city's mini-constitution, the Basic Law, has been severely undermined. Hong Kong's first national security conviction involved a man, Tong Ying-kit, who rode a motorcycle into a group of police officers. "The environment of repression and perpetual uncertainty created by the national security law makes it impossible to know what activities might lead to criminal sanctions," she added. A Hong Kong Security Bureau spokesman said in response to a Reuters request for comment that "every person or organization must abide by the laws of Hong Kong," and that the security legislation "upholds human rights."
Persons: Ma Chun, Stanley Chan, unreservedly, ” Ma, Critics, Hong Kong's, Tong Ying, Tong, America’s, Edwin Choy, Ma, Anjhula Mya Singh Bais, Hong, ” Singh Bais Organizations: NBC, China, British, Defense, Amnesty, Hong, Hong Kong Confederation of Trade Unions, AP, Hong Kong Security Locations: HONG KONG, Hong Kong, China, Beijing, Kong, Asia's, Taiwan
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. BEIJING — Tesla's sales in China are now nearly half what the automaker sells in the U.S.China's share of Tesla's overall sales rose to 22.6% in the third quarter, up from just under 20% a year ago. Tesla has opened a gigafactory in Shanghai and delivered its first China-made cars to local customers just before the onset of the coronavirus pandemic in January 2020. Both the Model 3 and Y rank among the top three sold in China's new energy vehicle passenger car market, according to the China Passenger Car Association. German auto giant Volkswagen generates about 41% of its sales volumes in China, according to Goldman Sachs.
Persons: Tesla, Elon, Goldman Sachs Organizations: BEIJING —, China Passenger Car Association, Hertz Locations: Tesla China, Shanghai, China, U.S, New York
China property stocks fall on tax fearsReal estate stocks in Hong Kong declined in Tuesday trade amid fears that Beijing could tax property owners. Shares of debt-ridden developer China Evergrande Group plunged 5.99% while China Vanke fell 5.13% and Country Garden dropped 3.67%. Those losses came after China's top executive body was authorized over the weekend to conduct a property tax test for five years in unspecified regions. South Korea's LG Chem, owner of electric battery maker LG Energy Solution, gained 1.22%. Electric vehicle stocks in Hong Kong also jumped, with shares of BYD rising 3.63% and Xpeng soaring 11.37%.
Persons: China Vanke, Hertz Organizations: China Evergrande Group, EV, Panasonic, Korea's LG, LG, Contemporary, Technology, Dow Jones Industrial, Dow, Nasdaq Locations: China, Hong Kong, Beijing, Asia, Pacific, Tesla, Japan
While Australia has the coal Beijing needs, the world's second-largest economy is unlikely to reverse an unofficial ban on Australian coal imports anytime soon, analysts told CNBC. Before that, Australia was a major coal supplier to China — in 2019, some 38% of Chinese thermal coal imports came from Australia. Between January and August, Indonesia accounted for roughly 57% of China's thermal coal imports, he said. "The main driver of current thermal coal prices, particularly from Australia, is demand in North Asia ahead of this winter," said Dhar. He added that Australian coal prices would likely depend on how cold the upcoming winter turns out.
Persons: David Gray, Vivek Dhar, Rory Simington, Wood, Abhinav Gupta, CNBC's, Gupta, Dhar, Shane Oliver, Oliver Organizations: Port, Bloomberg, Getty, CNBC, Commonwealth Bank of Australia, Canberra, China —, Australia . Energy, ACM, Braemar ACM, Commonwealth Bank, Australia, Newcastle Port, Whitehaven Coal Ltd, AMP Locations: Newcastle, Newcastle , New South Wales, Australia, China, Beijing, China China, Wood Mackenzie, Braemar, Colombia, Indonesia, Russia, North Asia, Dhar, Gunnedah , New South Wales
On Tuesday, U.S. News & World Report released its eighth annual ranking of the best global universities around the world. The 2022 ranking assesses 1,750 institutions from more than 90 countries across 13 different metrics, including research reputation, faculty publications and international collaboration. "The Best Global Universities feature an overall ranking of more than 1,700 universities, as well as subject rankings of additional 255 universities, for a total of 2,005 schools, providing even more information for prospective students interested in schools where research is a top priority." The University of Cape Town was named the best institution in Africa, Tsinghua University in Beijing, China was named the best institution in Asia, The University of Melbourne was named the best institution in Australia and The Universidade de São Paulo was named the best institution in Latin America. Here are the top 10 best overall global universities of 2022, according to U.S. News:
Persons: Robert Morse, Paulo Organizations: . News, U.S . News, University of Washington, Cambridge University, California Institute of Technology, University of Cape, Tsinghua University, The University of Melbourne Locations: United States, Seattle, University of Cape Town, Africa, Beijing, China, Asia, Australia, Universidade, Latin America, U.S
Chinese Vice Premier Liu He, addresses a ceremony to present the Chinese Government Friendship Award to foreign experts, in Beijing, China, Sept. 30, 2021. China's Vice Premier Liu He spoke with U.S. Treasury Secretary Janet Yellen on Oct. 26 via video call and talked about the macroeconomic situation and bilateral relations, according to a statement from China's commerce ministry. Yellen "frankly raised issues of concern," the U.S. Treasury later said in a short separate statement, which did not elaborate on the concerns but added that Yellen looked forward to future discussions with Liu. Both sides said it was important for the two countries to strengthen communication and coordination on macroeconomic policies, according to the Chinese side's readout. China also expressed its concerns over U.S. tariffs and the fair treatment of Chinese companies, it said.
Persons: Liu, Janet Yellen, Yellen Organizations: China's, U.S, Treasury, U.S . Treasury Locations: Beijing, China
Chinese President Xi Jinping's expected absence from the talks could indicate that the world's biggest CO2 producer has already decided that it has no more concessions to offer at the U.N. COP26 climate summit in Scotland after three major pledges since last year, climate watchers said. The head of the world's third-biggest source of climate-warming emissions, Indian Prime Minister Narendra Modi, has committed to attending the COP26 summit, which runs from Oct. 31 to Nov. 12. Though there has been no official announcement, analysts and diplomatic sources said few had been expecting Xi to attend COP26 in person. DOMESTIC CONCERNSAlthough Xi has not travelled outside China since before the pandemic, he has made three major climate announcements on the international stage. Xi also said in a message to the U.S.-led Leaders Summit on Climate in April that China would start cutting coal consumption by 2026.
Persons: Xi Jinping, Carlos Garcia Rawlins, Xi Jinping's, Zhao Yingmin, Xie Zhenhua, Li Shuo, Narendra Modi, Xi, didn't, UNGA, Ma Jun, David Stanway, Neha Arora, Kenneth Maxwell Our Organizations: of, People, REUTERS, SHANGHAI, Greenpeace, Indian, Global Biodiversity, United Nations General Assembly, Climate, Institute of Public, Environmental Affairs, Thomson Locations: Beijing, China, Glasgow, Scotland, Kunming, Paris, U.S, India, New Delhi
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing on Capitol Hill in Washington, D.C., U.S., June 23, 2021. Greg Nash/Pool via REUTERSBEIJING, Oct 26 (Reuters) - China's Vice Premier Liu He spoke with U.S. Treasury Secretary Janet Yellen on Oct. 26 via video call and talked about the macroeconomic situation and bilateral relations, according to a statement from China's commerce ministry. Yellen "frankly raised issues of concern," the U.S. Treasury later said in a short separate statement, which did not elaborate on the concerns but added that Yellen looked forward to future discussions with Liu. Liu, who has led China's negotiations in Sino-U.S. trade talks since former U.S. President Donald Trump embarked on a trade war with Beijing, has held talks with both Yellen and U.S. Trade Representative Katherine Tai earlier this year. read moreReporting by Gabriel Crossley; Editing by Christopher Cushing and Richard PullinOur Standards: The Thomson Reuters Trust Principles.
Persons: Janet Yellen, Greg Nash, Liu, Yellen, Donald Trump, Katherine Tai, Joe Biden, Tai, Trump, Gabriel Crossley, Christopher Cushing, Richard Pullin Organizations: Treasury, Capitol, Washington , D.C, REUTERS, U.S, U.S . Treasury, . Trade, China, Thomson Locations: Washington ,, REUTERS BEIJING, China, Sino, U.S, Beijing
China Energy coal-fired power plant is pictured in Shenyang, Liaoning province, China September 29, 2021. REUTERS/Tingshu WangSINGAPORE, Oct 26 (Reuters) - China's top economic planner said on Tuesday it was studying a mechanism to stabilise coal prices over the long run, in its latest move to cool the red-hot market. While China thermal coal futures have come off record highs since last week after Beijing pledged to intervene, they are still up about 150% year-to-date. The government has indicated that 500-570 yuan per tonne is the reasonable range for long-term thermal coal contracts. On Monday, the NDRC said it would investigate index providers in a bid to tame runaway prices.
Persons: Wang, Chen Aizhu, Himani Sarkar Organizations: China Energy, REUTERS, Development & Reform Commission, Beijing, Thomson Locations: China, Shenyang, Liaoning province, Wang SINGAPORE
"The increase in human cases in China this year is of concern. While human H5N6 cases have been reported, no outbreaks of H5N6 have been reported in poultry in China since February 2020. The Chinese Center for Disease Control and Prevention (CDC) could not be reached for comment on the rise in H5N6 human cases. Avian influenza viruses constantly circulate in domestic and wild birds, but rarely infect people. That suggests the latest H5N6 infections in China may be a new variant.
Persons: Thijs Kuiken, Filip Claes, Dominique Patton, Michael Perry Organizations: World Health Organization, WHO, Erasmus University Medical Centre, Chinese Center for Disease Control, Prevention, China's CDC, Regional, Emergency, Food and Agriculture Organization, The, Agriculture, Rural Affairs, Thomson Locations: BEIJING, China, Rotterdam, Hunan, Hong Kong, Sichuan, Chongqing, Guangxi, Guangdong, Anhui, Europe, Guilin
Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel MunozSYDNEY, Oct 26 (Reuters) - Australia's central bank extended a currency swap agreement with its Chinese counterpart earlier this year even as mounting trade tensions deadlocked talks between the countries' governments. The Reserve Bank of Australia (RBA) extended the deal with the People's Bank of China back in July, though the first official mention of it came in the RBA's annual report released last week. The RBA has similar deals with Japan and Korea, allowing the central banks to support trade settlement in local currencies in times of market stress or financial instability. Trade talks between Beijing and Canberra have been stalled for months as an acrimonious trade dispute led China to slap tariffs on Australian wine and all but ban some types of coal imports.
Persons: Daniel Munoz SYDNEY, Wayne Cole, Shri Navaratnam Organizations: Reserve Bank of Australia, REUTERS, The Reserve Bank of Australia, People's Bank of, Thomson Locations: Sydney, Australia, People's Bank of China, Japan, Korea, Beijing, Canberra, China
China urges faster COVID-19 testing amid latest outbreak
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +2 min
Frequent testing, and sometimes mass testing, is standard practice in China's containment of domestically transmitted outbreaks in the past year, but health authorities say testing services remain unsatisfactory in parts of China amid flare-ups. China is facing a new wave of infections involving nearly 200 locally transmitted symptomatic cases in 12 provincial areas since Oct. 17. Many of the infected were from remote parts of northwest China without as much health resources as major cities. While China is yet to approve self-testing kits for diagnosing COVID-19, swab tests that require professional labs to process samples are widely available. Local governments have recently cut prices of swab tests, with certain tests charging as little as 13 yuan ($2.00) in the Chinese capital of Beijing.
Persons: Roxanne Liu, Ryan Woo, Gabriel Crossley, Christopher Cushing, Michael Perry Organizations: cnsphoto, REUTERS, National Health Commission, NHC, Thomson Locations: Lanzhou, Gansu province, China, REUTERS BEIJING, Beijing, Inner Mongolia, Zhangjiajie, Yangzhou
DuKai photographer/GettyModern Land failed to make a $250 million dollar bond payment that matured on Monday. Last week, embattled rival Evergrande unexpectedly made an $83.5 million payment to offshore bondholders. Chinese developer Modern Land became the latest company to miss a bond payment, indicating that the country's property market remains in turmoil. The Hang Seng Mainland Property index fell as much as 5%, while the Hang Seng Property index fell 1.9%. Multiple developers have defaulted this month, although Evergrande made one offshore bond payment worth $83.5 million ahead of deadline last week.
Persons: Evergrande, Sidley Austin, Hang Seng, Read Organizations: Getty, Bell, Bloomberg, Cailian Press, Research, OANDA, Shanghai Locations: Beijing, Hong Kong, China
Earlier this month, the People's Bank of China said that Evergrande had mismanaged its business, but risks to the financial system were "controllable." And at financial forum in Beijing last week, Chinese Vice Premier Liu He stressed that risks were generally under control, despite what he called "individual problems" in the property market. Five developers have already run into trouble as China's once red-hot real estate industry cools rapidly. With total liabilities of some $300 billion, including $20 billion in international bonds, Evergrande is China's most indebted real estate company. At the end of September, Evergrande raised $1.5 billion in cash by selling part of its stake in a Chinese bank.
Persons: Evergrande, Liu, Xu Jiayin, Xu, haven't, Hopson, Fantasia, Moody's, Sidley Austin, Jeffrey Halley, Fitch, Jill Disis, Laura He, Michelle Toh Organizations: People's Bank of, Hong Kong, Fantasia Holdings, China Properties Group China Properties Group, Cheergain, Modern, Asia Pacific, Sinic Holdings Locations: People's Bank of China, Beijing, Guangdong, Chinese, Shenzhen, Hong Kong, China, Asia
Beijing Marathon postponed indefinitely due to COVID-19
  + stars: | 2021-10-26 | by ( ) www.reuters.com   time to read: +1 min
People wearing face masks cross a street in Beijing, following outbreaks of the coronavirus disease (COVID-19) in China, October 25, 2021. REUTERS/Thomas PeterOct 26 (Reuters) - The Beijing Marathon has been postponed indefinitely after Sunday's race was called off amid rising COVID-19 cases in China, the BBC quoted organisers as saying. The marathon was set to return this year after it was suspended in 2020 due to COVID-19. The Wuhan Marathon, which was due to be held last Sunday, was also called off with a new date yet to be determined. China reported 43 new COVID-19 cases on Monday, up from 39 cases a day earlier, the country's national health authority said on Tuesday.
Persons: Thomas Peter, Manasi Pathak, Peter Rutherford Organizations: REUTERS, Beijing, BBC, Wuhan, Thomson Locations: Beijing, China, Bengaluru
THE GLOBAL ECONOMY: China's economy is teetering on the brink of disaster. If the bottom falls out, the whole world could be dragged down by the collapse of its second-largest economy. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Now the country needs people to actually use, and pay for, everything that's been built," Insider's Linette Lopez writes. Economists expect this ideological shift to slow growth even more, which in turn would make China's attempts to transform its economy that much more precarious.
Persons: Phil Rosen, that's, Insider's Linette Lopez, Morgan Stanley, Xi Jinping, Trump, Read, Xi, Mark Zuckerberg, Frances Haugen, Zuckerberg, Joe Biden, There's, Democratic Sen, Joe Manchin, Mitch McConnell, Olivier Douliery, Here's, Donald Trump, Lori Lightfoot, Dave Chappelle, he's, Chappelle, Winston Churchill Organizations: iOS, Android, Communist Party, European Union, China, Facebook, Washington Post, New York Times, Democratic, DC Marijuana, Getty, Top, Republicans, Associated Press, New York, Police Benevolent Association, Times, Trump, Netflix, CNN, White House Locations: Beijing, China, Xinjiang, Vietnam, AFP, EU, Sudan, York, New York, Chicago
Austin Ramzy andModerna agrees to sell up to 110 million Covid vaccine doses to African countries. The African Union has ordered 220 million doses of Johnson & Johnson’s single-shot vaccine, with the option to order 180 million more. A shortfall in expected deliveries from Covax this year has left African countries scrambling to come up with alternative plans to vaccinate their populations. Image Waiting for shuttle buses to mandatory government-designated quarantine hotels in the arrival hall at the Hong Kong International Airport in August. Hong Kong has recorded just two locally transmitted cases in the past five months, but Mrs. Lam said the city had still not met Beijing’s standards.
Persons: Zhang Hao, Austin Ramzy, Zohra Bensemra, Moderna, Stéphane Bancel, Biden, Jerome Favre, Europe —, Carrie Lam, Mrs, Lam, Hong, Hong Kong Organizations: Moderna, Union, Associated Press, , Nationwide, Alxa League, Reuters, New York Times, European Union, African Union, African, Johnson, United Nations, Hong Kong International Airport, ., Asia Securities Industry, Financial Markets Association, Hong Locations: Lanzhou, China, Gansu Province, Inner Mongolia, Beijing, Hunan, Hubei, Hainan, Fujian, Dakar, Senegal, Africa, United States, African, Covax, Hong Kong, , Europe, Hong,
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