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Search resuls for: "Gavekal Dragonomics"


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☆ Analysis: China's great reopening may come too late for many businesses
  + stars: | 2022-11-22 | by ( Casey Hall Sophie Yu | Casey Hall | Sophie Yu | ) www.reuters.com   time to read: +5 min
[1/2] Camden Hauge, who owns the Egg cafe, poses in her cafe in central Shanghai, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, November 16, 2022. Their Lost Plate company, which has been hosting food tours in several Chinese cities since 2015, will instead veer to Southeast Asia. With COVID outbreaks getting worse, it is unlikely that China's economy can shift into a higher gear in the near term. Local authorities in some Chinese cities eased restrictions, while others tightened. At its core, the problem reflects authorities' failure to prioritise the interests of consumers, who are often the punching bag in China's investment-driven economy.
☆ Hong Kong eyes return to global financial map with summit amid talent crunch, geo-tension
  + stars: | 2022-10-31 | by ( Scott Murdoch Kane Wu Selena Li | Scott Murdoch | Kane Wu | ) www.reuters.com   time to read: +4 min
HONG KONG, Oct 31 (Reuters) - Hong Kong aims to restore its reputation as a global financial hub by playing host to a bevy of top Wall Street executives this week, defying critics who say a talent crunch and geopolitical tension will hobble its ambition. Alongside the main theme of "navigating through uncertainty", the summit is widely expected to focus on whether Hong Kong can remain a global financial centre after almost three years of border controls and pandemic restrictions. COVID-19 CONTROLSThe two-day summit, organised by the Hong Kong Monetary Authority (HKMA) - the de-facto central bank - has suffered at least two marquee participants dropping out after contracting COVID-19. Those who make it will look for reassurances of the city returning to pre-pandemic normalcy, making it easier for them to move talent to Hong Kong. Reporting by Scott Murdoch in Sydney and Kane Wu and Selena Li in Hong Kong; Editing by Sumeet Chatterjee and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
☆ China's Q4 GDP hits early speed bump as COVID stifles economy
  + stars: | 2022-10-25 | by ( Ryan Woo | Ellen Zhang | Bernard Orr | ) www.reuters.com   time to read: +4 min
FILE PHOTO: A health worker wears a protective suit near a testing booth as outbreaks of coronavirus disease (COVID-19) continue in Beijing, China, Oct. 23, 2022. An index measuring road freight transport turnover tumbled 26.2% on Oct. 21 from a year prior versus a 23.7% drop a week earlier, according to Nomura. New local infections fell 24% to 6,096 during Oct. 18-24 from a week earlier. Zhengzhou’s metro traffic slumped 79% from Oct. 11 to Oct. 15, according to the latest available data. Metro traffic in Guangzhou dropped 8.8% during Oct. 18-24 from the previous week, Reuters calculations based on data released by local metro operators showed.
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