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☆ Covid Hits China’s Rural Poor: ‘The Impact on the Village Economy Is Huge’
▼ + stars: | 2023-01-30 | by ( Brian Spegele | ) www.wsj.com time to read: 1 min

SHAZHOU, China—For years, thousands of tourists flocked almost daily to this village in China’s southern Hunan province—an early stronghold of the Communist forces during the country’s civil war—to steep themselves in revolutionary history. Pandemic-related travel restrictions and lockdowns over the past 12 months slowed that flow to a trickle. China moved this year to drop the curbs but the wave of Covid infections that followed has caused continued disruptions, Shazhou residents say.

☆ Instant View: China's economy slows sharply in Q4, 2022 growth one of the worst on record
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +10 min

As a result, the Chinese economic growth rate will be below the Chinese government's target of 5% plus." This could weigh on their potential economic growth in the mid-and long-term, and we really need to be paying attention to that." MARCO SUN, CHIEF FINANCIAL MARKET ANALYST, MUFG BANK (CHINA), SHANGHAI"China's Q4 and full-year 2022 GDP growth rates came in higher than expected. Economic growth will have to depend more on productivity growth, which is driven by government policies." IRIS PANG, GREATER CHINA ECONOMIST, ING, HONG KONG"The biggest surprise is the retail sales number, which is really a big beat...

☆ Pelosi knew how to deal with Trump because she raised 5 kids and the ex-president 'was a child,' Schumer said
▼ + stars: | 2022-12-16 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +3 min

Pelosi's experience as a mom helped her deal with Trump, Schumer told CNN. Pelosi said Trump and Schumer 'understood each other' because they're both New Yorkers. And that's what helped her deal with Trump, because he ultimately was a child." During the interview, Schumer sat down with Pelosi for a dinner of Chinese food with CNN's Jamie Gangel. In the CNN interview, Schumer said he and Pelosi were able to get Trump to say that he would take ownership of the shutdown.

[1/4] People wait in line at a coronavirus disease (COVID-19) test centre in Xinyang, China, this still image obtained from social media video released December 15, 2022. China reported 2,157 new symptomatic COVID-19 infections for Dec. 15 compared with 2,000 a day. There is particular concern about China's hinterland in the run up to China's Lunar New Year holiday starting on Jan. 22. The COVID scare in China also led people in Hong Kong, Macau and in some neighbourhoods in Australia to go in search for fever medicines and test kits for family and friends on the mainland. JP Morgan on Friday revised down its expectations for China's 2022 growth to 2.8%, which is well below China's official target of 5.5% and would mark one of China's worst performances in almost half a century.

☆ A train passenger was ordered to pay $475 in damages for reclining his seat without notifying the person behind him
▼ + stars: | 2022-12-03 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +2 min

A student's laptop was damaged after a fellow rail passenger unexpectedly reclined his seat. The student, identified as Wang, successfully sued the passenger, identified as Liu, for about $475. The court ruled that Liu neglected his obligation to tell Wang that he planned to recline his seat. Wang demanded Liu pay him 4,788 yuan to compensate for repair costs, taxis to the repair shop, and disruption to his journey. This week, the Xiangyin County People's Court ordered Liu to pay Wang 3,341 yuan, or about $475.

The flurry of deals comes even as warnings emerge that lithium prices, driven to records by rapid growth in electric vehicles, may peak next year because of a looming supply glut. It also bought majority stakes in the Lakkor Tso Lithium Salar mine in China's Tibet region and the Xiangyuan lithium mine in Hunan province. Zijin has a market capitalisation of about $35 billion and net profit of 15.7 billion yuan ($2.2 billion) last year. Some firms are also working to develop alternative battery materials, which could reduce lithium demand in the long term. Zijin told investors recently it made its mine acquisitions based on lithium carbonate prices of 100,000 yuan a tonne.

☆ Chinese automaker Geely's new energy brand Farizon raises over $300 mln
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

BEIJING/HONG KONG, Oct 26 (Reuters) - Chinese automaker Geely's new energy vehicle subsidiary on Wednesday said its brand Farizon has raised over $300 million from a funding round led by Asian logistics firm Global Logistics Properties' (GLP) investment arm Hidden Hill Capital. The new capital raise, which involves other investors such as Chinese logistics and chemical group Transfar and an investment firm backed by major Chinese investment bank CITIC Securities, came as Geely stepped up its new energy vehicle development. Hangzhou-based Geely Holding Group, owner of Zhejiang Geely New Energy Commercial Vehicle Group which sells Farizon, is known globally with its investments in Volvo Cars and Mercedes-Benz. Farizon will use much of the funding "for research & development and ecosystem development, in order to further consolidate its market-leading position in new energy commercial vehicles," Zhejiang Geely New Energy Commercial Vehicle Group said in a statement. Geely New Energy Commercial Vehicle did not disclose Farizon's valuation in the statement.

DEBT STRESSTreasury bond quotas could be increased, so that some of them could be transferred to local governments to ease their fiscal stress, said Luo Zhiheng, chief macroeconomic analyst at Yuekai Securities. Combined with some maturing debts of local government financing vehicles (LGFVs) - investment companies that build infrastructure projects - this year and the next will be most stressful for local governments, he said. According to financial media outlet Yicai, local governments' revenue from fines and confiscations jumped 10.4% in January-July year-on-year. The fiscal stress is cutting into some households' income, a red flag for consumption and broader growth. As there is no way out, they have had to ask the local government fiscal department for money."

☆ Best Chinese food: 32 must-try dishes
▼ + stars: | 2022-10-13 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +20 min

Dan dan noodlesIt’s nearly impossible to dislike China’s soul-comforting dan dan mian, or dan dan noodles. Dan dan noodles are named after the way they were originally sold more than 100 years ago – on a dan dan, a carrying pole, by street hawkers. Some think dan dan noodles should contain a dry mix of noodles, made with minced meat, chopped scallions, spices, crushed peanuts and various sauces. Others disagree, preferring dan dan noodles in a hot, spicy, salty and nutty broth albeit with similar ingredients. Similar to Hainanese chicken rice, the Wenchang version is often served with yellow chicken fat rice and chicken soup.

Persons: –, It’s, Dan, mian, jiao, you’ve, Ding Baozeng, Ding Gongbao, Ding, Hanyuan, cai, hei, Jian bing, jian bing, bing guozi, Chen, chow, Su Dongpo, China’s, zhu, Shui zhu, zhu niu, Bao Bao, bao, jian bao, Rou jia, xin, cheung, yun cheung, Laap cheung, Yun cheung, Congee, Chaozhou Organizations: CNN, Adobe, Adobe Stock Locations: China, Peking, Nanjing, Beijing, Govan, –, Sichuan, Hunan, Shandong province, Fujian, Hainan, Malaysia, Pidu, It’s, Tianjin, Chen, Shunde district, Shaanxi, Fuding county, Ningbo

☆ Explozie spectaculoasă a unui pod din China (VIDEO)
▼ + stars: | 2020-12-29 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Printr-o explozie controlată, a fost distrus un pod nefuncţional din provincia chineză Hunan. New China TV a difuzat momentul exploziei pe Twitter. Construcția, cu o lungime de 250 de metri și o lăţime de 10 metri, a fost evaluată ca una nesigură din cauza numeroaselor reparații. Ca urmare a exploziei, bucăți din pod au fost aruncate la zeci de metri distanţă, iar mijlocul acestuia s-a scufundat în întregime în apă. Un nou pod peste râu a fost construit în apropiere şi deja este dat în exploatare.

Organizations: New Locations: chineză Hunan, New China

Chinezii din provinciile Hunan, Jiangxi (centru) şi Zhejiang (est) sunt afectaţi de aceste restricţii atât acasă, cât și la muncă, potrivit presei şi autorităţilor locale. Lifturile, oprite pentru economie de curentLa începutul lunii decembrie, provincia Hunan a decretat stingerea, timp de mai multe ore pe zi, a iluminatului clădirilor şi a limitat încălzirea în locurile de divertisment. În provincia Zhejiang, uzinele au primit ordinul de a opri producţia, iar sistemul public de iluminat a fost oprit pe perioada nopţii pentru a reduce emisiile, susţin mass media şi internauţii. Obiectivele de mediu ale ChineiAceste incidente ilustrează provocările cu care se confruntă o China în plină dezvoltare, constrânsă să realizeze un echilibru între nevoile populaţiei sale şi angajamentele în materie de mediu. Însă tensiunile dintre China şi Australia au declanşat îngrijorări pe pieţele de materii prime, ceea ce a dus la creşterea preţului cărbunelui în China”, susţine Yan Qin, analist la Refinitiv.

Persons: Lauri, Autorităţile, Celsius, susţine Yan Locations: Hunan, Jiangxi, Helsinki, Zhejiang, China, Chinei, Beijing, Canberra, Australia

☆ Vince Reffet, supranumit "omul zburător", a murit în timpul unui antrenament la Dubai
▼ + stars: | 2020-11-18 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Vince Reffet, supranumit "omul zburător", protagonistul unor reuşite spectaculoase alături de Fred Fugen, partenerul său din echipa "Soul Flyers" de zbor în costum cu aripi sau cu mini reactoare, a murit marţi într-un accident produs în timpul unui antrenament, a anunţat un purtător de cuvânt al Jetman Dubai, citat de AFP și agerpres.ro. "Cu o tristeţe de neimaginat anunţăm decesul pilotului Jetman Vincent (Vince) Reffet, care a decedat în această dimineaţă, la 17 noiembrie, în timpul antrenamentelor din Dubai", a declarat pentru AFP purtătorul de cuvânt al Jetman Dubai, Abdullah bin Habtoor. "Vince a fost un atlet talentat şi un membru mult iubit şi respectat al echipei noastre. Pentru a realiza acest lucru, Vince Reffet a fost echipat cu o aripă din fibră de carbon propulsată de patru mini-motoare cu reacţie. "Este ceva unic, suntem trei în lume (...) Tot ceea ce facem este ceva nou", a declarat cu entuziasm Vince Reffet într-un interviu acordat AFP în octombrie.

Persons: Vince Reffet, Fred Fugen, agerpres.ro, Jetman Vincent, Vince, Abdullah bin Habtoor, Jetman, Ahmed Al Shehhi Locations: Dubai, AFP, Hunan, Chinei

☆ (foto) În China a fost inaugurat un pod de sticlă. Priveliștea înspăimântă turiștii
▼ + stars: | 2015-09-26 | by ( Onixmedia Srl | ) diez.md time to read: 1 min

Primul pod suspendat din sticlă din China, aflat la 180 de metri deasupra solului și având o lungime de 300 de metri, a fost deschis pentru public pe 24 septembrie, în parcul geologic Shiniuzhai din provincia Hunan. Anterior, podul a fost confecționat din lemn, care fusese înlocuit parțial cu unul de sticlă în 2014. Acum, panourile au o grosime de 24 de milimetri și ar fi de 25 de ori mai trainice decât o sticlă tradițională. Cei care reușeau să traverseze pasarela din lemn erau considerați curajoși. Acum, fiind din sticlă, podul este deja numit un „pod-erou”.

Persons: Veronica Organizations: Veronica Railean Locations: China, Hunan .

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