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Search resuls for: "Beijing CNN —"


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☆ China’s shrinking imports, slower exports growth darken economic outlook
  + stars: | 2023-05-09 | by ( ) edition.cnn.com   time to read: +4 min
Economists in a Reuters poll had predicted no growth in imports and an 8.0% increase in exports. Other recent data also showed South Korean exports to China, a leading indicator of China’s imports, were down 26.5% in April, continuing 10 consecutive months of decline. China’s coal imports fell in April from a 15-month high in the prior month, snapping back as demand weakens in Asian giant. Imports of copper, a proxy for global growth, and natural gas were also down in the same period. “The global economy is deteriorating and will weaken China’s manufacturing sector,” said Iris Pang, chief China economist at ING.
☆ US bank run victims were bailed out in 3 days. In China, many have been waiting a year
  + stars: | 2023-04-21 | by ( Selina Wang | ) edition.cnn.com   time to read: +9 min
CNN is not revealing the identities of the bank victims in order to protect their safety. Bank victims protest in Henan in July 2022. Experts say small banks in other parts of China could face the same crisis, as the world’s second largest economy faces a longer term structural slowdown. Some Chinese bank victims even say they’re living in fear of violent reprisals. CNN interviews bank victims in China.
☆ Jack Ma makes rare public appearance in China
  + stars: | 2023-03-27 | by ( Michelle Toh Mengchen Zhang | Michelle Toh | Mengchen Zhang | ) edition.cnn.com   time to read: +4 min
Hong Kong/Beijing CNN —Jack Ma, the billionaire founder of Alibaba (BABA) and once one of China’s most prominent entrepreneurs, has made a rare public appearance in the country. Ma visited the city of Hangzhou and was seen meeting with students and teachers at the Alibaba-funded Yungu School. That intervention by regulators followed a speech from Ma in which he criticized China’s banks and financial regulators. In a statement to CNN about the trip, the Jack Ma Foundation said the Alibaba founder “travels very often in China and overseas.”“Mr. He paid a visit to Hangzhou Yungu School today and had a chat with teachers there on education,” a spokesperson said.
☆ TikTok is owned by a Chinese company. So why doesn’t it exist there?
  + stars: | 2023-03-24 | by ( Jessie Yeung Selina Wang | Jessie Yeung | Selina Wang | ) edition.cnn.com   time to read: +7 min
Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. Like TikTok, it’s a short-form video app. Then in 2017, the privately-owned tech company bought a US-based video startup and released TikTok as the overseas version of Douyin. The download page for the TikTok app displayed on an Apple iPhone. Besides TikTok, there’s also shopping app Temu, fast fashion retailer Shein and video editing app CapCut, which is also owned by ByteDance.
☆ China's zero-Covid easing: Cases explode in Beijing leaving streets empty and daily life disrupted
  + stars: | 2022-12-14 | by ( Simone Mccarthy Selina Wang Cheng Cheng Wayne Chang | Simone Mccarthy | Selina Wang | ) edition.cnn.com   time to read: +8 min
But for a place that until earlier this month assiduously tracked every case, there is now no clear data on the extent of the virus’ spread. Customers queue at a pharmacy in Beijing, China, on Tuesday, December 13. Authorities on Wednesday morning reported 2,249 symptomatic Covid cases nationally for the previous day, 20% of which were detected in the capital. A closed Covid testing booth in Beijing, China, on Tuesday, December 13. Chinese state media has since warned people the preserved fruit is not a Covid remedy nor a substitute for medicine.
☆ China's zero-Covid: Country braces for impact as virus 'spreads rapidly'
  + stars: | 2022-12-12 | by ( Simone Mccarthy Selina Wang Wayne Chang | Simone Mccarthy | Selina Wang | ) edition.cnn.com   time to read: +8 min
Changes continued Monday as authorities announced a deactivation of the “mobile itinerary card” health tracking function planned for the following day. But as the scrapping of parts of the zero-Covid infrastructure come apace, there are questions about how the country’s health system will handle a mass outbreak. Throughout the weekend, some businesses were closed in Beijing, and city streets were largely deserted, as residents either fell ill or feared catching the virus. Covid was “spreading rapidly” driven by highly transmissible Omicron variants in China, a top Covid-19 expert, Zhong Nanshan, said in an interview published by state media Saturday. Authorities recorded 8,626 Covid-19 cases across China on Sunday, down from the previous day’s count of 10,597 and from the high of more than 40,000 daily cases late last month.
☆ Protests erupt across China in unprecedented challenge to Xi Jinping’s zero-Covid policy
  + stars: | 2022-11-26 | by ( Cnn'S Beijing Bureau Nectar Gan | Cnn'S Beijing Bureau | Nectar Gan | ) edition.cnn.com   time to read: +12 min
In Beijing, hundreds of mostly young people demonstrated in the commercial heart of the city well into the small hours of Monday. Freedom of expression, freedom of the press, freedom of arts, freedom of movement, personal freedoms. A security guard tries to cover a protest slogan against zero-Covid on the campus of Peking University in Beijing. “Open your eyes and look at the world, dynamic zero-Covid is a lie,” the protest slogan at Peking University read. At Tsinghua University, another elite university in Beijing, hundreds of students gathered on a square to protest against zero-Covid and censorship.
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