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☆ Chinese Exports Fall at Steepest Pace in More Than Two Years
▼ + stars: | 2022-12-07 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how the country’s pandemic restrictions and waning global demand for goods is throttling China’s economy. Outbound shipments from China plunged 8.7% year-over-year last month, the biggest dip since February 2020, when a nationwide lockdown ground economic activities to a halt. Economists polled by The Wall Street Journal had forecast a 2% drop.

☆ Behind Chinese Covid Protests, Economic Worries Simmer Among Youth
▼ + stars: | 2022-11-29 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—The protests that swept through Chinese cities over the weekend were mainly about unhappiness over Beijing’s strict Covid-control measures, but they also reflected another source of tension Beijing is nervous about: growing economic frustration among China’s younger generation. The rare public displays of discontent, which included protests on university campuses, came as authorities have struggled to put a floor under the economy, which is on track to expand at the slowest pace in more than four decades this year, apart from 2020, the year when Covid-19 first made an impact.

☆ China’s Economy Faces Challenges Despite Latest Moves to Stimulate Growth
▼ + stars: | 2022-11-27 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—China’s recent steps to adjust Covid-19 controls and revive activity in the beaten-down property market stirred hopes that Chinese leader Xi Jinping is putting fresh emphasis on measures to support the economy, potentially leading to a strong rebound in growth next year. But economists warn the moves so far haven’t amounted to a broad shift in Mr. Xi’s policies, and the messaging out of the recent Communist Party Congress only reinforced that the Chinese leader planned to stick to his goals of achieving economic self-sufficiency and “common prosperity”—even at the cost of lower growth rates.

☆ Pop star Kris Wu sentenced to 13 years of jail for rape in China
▼ + stars: | 2022-11-25 | by ( Hannah Lee | Kriti Gandhi | ) www.nbcnews.com time to read: +1 min

A court in Beijing on Friday, sentenced Chinese-born Canadian musician Kris Wu to over 13 years for crimes including rape. Chaoyang district court found Wu, also known as Wu Yifan, guilty of raping three women in November and December 2020, according to the court’s official Weibo account. Wu was also found guilty of “group licentiousness,” which is when three or more people are gathered together to to engage in sexual promiscuity. Being charged for group licentiousness can result in a jail sentence of up to five years. Some also said that they were “witnessing history” as Kris Wu is the first idol in China to be imprisoned for as long as 13 years.

☆ Tesla to Recall About 80,000 Cars in China
▼ + stars: | 2022-11-25 | by ( Yifan Wang | Selina Cheng | ) www.wsj.com time to read: 1 min

Tesla Inc. is recalling about 80,000 cars in China because of software and seat-belt issues, the country’s market regulator said Friday. The State Administration for Market Regulation said Tesla, the second largest electric-car maker in China by sales, has filed its recall plan.

☆ Pop Star Kris Wu Is Sentenced to 13 Years in Prison in China for Rape
▼ + stars: | 2022-11-25 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

Pop singer and actor Kris Wu, who is also known as Wu Yifan, has previously denied the allegations. He is pictured at a music awards ceremony in Toronto in 2018. China sentenced Chinese-born Canadian pop star and actor Kris Wu to 13 years in prison after finding him guilty of rape and one other sex crime, closing the book on one of the most high-profile cases to emerge from the country’s embattled #MeToo movement. A court in the Chinese capital of Beijing said in a statement Friday evening that Mr. Wu, one of the country’s most recognizable celebrities, raped three women who were too intoxicated to resist in late 2020.

☆ China sentences Canadian pop star Kris Wu to 13 years for rape
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 25 (Reuters) - A Beijing court on Friday sentenced Chinese-born Canadian pop star Kris Wu to 13 years in jail after finding him guilty of crimes including rape. The court in Beijing's Chaoyang District said investigations showed that from November to December 2020, the man also known as Wu Yifan raped three women. The court also said Wu would be deported, although lawyers in China have said deportations typically take place after a defendant serves their sentence. Officials from the Canadian embassy in Beijing attended the sentencing, according to state media. The Canadian embassy did not immediately respond to a Reuters request for comment.

☆ JD.com Cuts Executive Pay as China’s Tech Firms Tighten Belts
▼ + stars: | 2022-11-22 | by ( Raffaele Huang | Yifan Wang | ) www.wsj.com time to read: 1 min

SINGAPORE–Chinese e-commerce giant JD.com Inc. told staff that it will cut executive salaries to improve employee benefits and ease financial pressure, as tech companies grapple with a weaker economy. Beijing-based JD.com will reduce the compensations of some 2,000 senior managers by 10%-20% from next year, with steeper cuts for higher-level executives, according to a letter Richard Liu , the billionaire founder of the company, sent to staff on Tuesday and seen by The Wall Street Journal. Mr. Liu in the letter apologized for cutting their pay and promised to restore it if JD.com could return to fast growth in the coming two years.

☆ China Consumer Spending Slumps Under Covid and Property Restrictions
▼ + stars: | 2022-11-20 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer. Retail sales unexpectedly dropped last month and are expected to continue to struggle as Chinese authorities launch wide-ranging lockdowns to contain the latest fastest-spreading Covid outbreaks, and as easing measures do little to reverse a worsening property market meltdown.

☆ China’s Economy Takes a Deeper Hit as Retail Sales Turn Negative
▼ + stars: | 2022-11-15 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—China’s economy sank into a deeper funk last month as the weight of strict zero-Covid measures, a real-estate downturn and sinking export demand underscored the difficulties of rekindling growth amid tighter government regulations and a worsening global economy. New data released Tuesday showed economic activity cooling across the board in October. Retail sales contracted unexpectedly for the first time in five months as factory output growth slowed and a pullback in real-estate investment accelerated.

For much of the past year, China’s economy has been reeling under Xi Jinping’s dual campaigns to rein in soaring property prices and to stamp out any traces of Covid-19 within the country’s borders. Now, as he moves to loosen pandemic restrictions, China’s leader, Mr. Xi, is signaling a reversal of his real-estate crackdown, too, a tacit acknowledgment of the economic pain and public frustration that the two policies have engendered.

☆ China’s Factory Slowdown Worse Than Expected Under Weight of Covid Policies
▼ + stars: | 2022-10-31 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. The official purchasing managers index for manufacturing fell to 49.2 from 50.1 in September, the National Bureau of Statistics said Monday. The result fell short of the 49.7 median forecast of economists polled by The Wall Street Journal, underscoring the vulnerability of China’s economy to its pandemic-control policies. A reading below 50 indicates contraction in activities.

☆ An American Helped Build a Business Inside China. Clients Want Him to Leave.
▼ + stars: | 2022-10-29 | by ( Jason Douglas | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling tools and kitchen products elsewhere. Yet “there’s nothing like China,” he added. “We’ve built this supply chain for 30 years to work like a Swiss clock. There’s just nothing like it.”

☆ China’s Xi Jinping, Secure in Power, Faces Deepening Economic Challenges
▼ + stars: | 2022-10-24 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-xi-jinping-secure-in-power-faces-deepening-economic-challenges-11666622999

☆ China’s New Slate of Top Leaders Stirs Concern Over Economy
▼ + stars: | 2022-10-23 | by ( Keith Zhai | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

Li Qiang, expected to become China’s next premier, is seen as business friendly by some businesspeople, who voiced optimism about the impact he could have on the economy. SINGAPORE—The new slate of China’s top leaders, packed with allies of Xi Jinping, has some economists fearing a further erosion of checks on the power of a Chinese leader who has overseen the biggest expansion of state control over the economy in decades. On Sunday, China unveiled the leaders who will sit on the country’s most powerful decision-making body, the Politburo Standing Committee. All six men who took the stage with Xi Jinping are seen as loyalists of the Chinese leader.

☆ China’s Economy Grew 3.9% in the Third Quarter
▼ + stars: | 2022-10-23 | by ( Jason Douglas | Stella Yifan Xie | ) www.wsj.com time to read: 1 min

SINGAPORE—China’s economy grew more strongly than expected in the third quarter as the country bounced back modestly from crippling Covid lockdowns in the spring, though challenges remain as leader Xi Jinping consolidates control of the political apparatus for another five years. China’s gross domestic product grew by 3.9% for the three months ended Sept. 30 from a year earlier, China’s National Bureau of Statistics said Monday in a data release that was unexpectedly delayed as Communist Party leaders gathered for a key meeting in Beijing.

☆ China’s Economic Data Gets Harder to Find as Growth Slows
▼ + stars: | 2022-10-18 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—The world is eager for clues about the health of China’s economy as the country endures its worst prolonged slowdown in years. But getting a clear picture has only grown more difficult, as data becomes harder to obtain and unflattering analysis vanishes. On Monday, China’s National Bureau of Statistics abruptly canceled the release of quarterly gross domestic product data just hours before it was set to be published, without providing a reason or setting a new date. Days earlier, the country’s customs agency simply didn’t release monthly official trade data, offering no explanation.

☆ China Abruptly Delays GDP Release During Communist Party Conference
▼ + stars: | 2022-10-17 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

A press conference being held Monday on the sidelines of the Communist Party’s 20th National Congress in Beijing. HONG KONG—China abruptly delayed the publication of its third-quarter gross domestic product data on Monday, a day before it was set to be released, an unusual move as the country’s ruling Communist Party stages a key political gathering this week. The GDP figure, as well as a series of other major economic indicators including retail sales, property sales and fixed-asset investment, originally slated to be released on Tuesday, were marked as “delayed” on the website of China’s National Bureau of Statistics Monday afternoon.

☆ China’s Covid-19 Lockdowns Deal Another Blow to Consumer Spending
▼ + stars: | 2022-10-10 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

HONG KONG—A renewed wave of pandemic-related lockdowns in major Chinese cities is hampering hopes for a recovery in consumer spending, showing how difficult it is for Beijing to rekindle growth without loosening Covid-19 restrictions. Official data released in recent days showed consumer spending falling sharply during the seven-day National Day holiday when compared with a year earlier, while a private survey of services activity fell into contraction in September.

☆ Clasamentul WTA - Simona Halep se menţine pe locul 2; Iga Swiatek a urcat pe 17
▼ + stars: | 2020-10-12 | by ( ) tvrmoldova.md time to read: +3 min

Americanca Sofia Kenin, finalistă la Paris, a urcat două poziţii şi se află pe patru, la doar 20 de puncte de Osaka. În ierarhia WTA Race, care contabilizează rezultatele din anul în curs, Kenin a urcat pe primul loc, făcând rocada cu Osaka, în timp ce Simona Halep rămâne pe locul al treilea. Swiatek a urcat 46 de locuri şi e a cincea. Simona Halep 7.2553 (3). Simona Halep 2.7704 (4).

Persons: Românca Simona Halep, Roland Garros, Naomi, Sofia, Patricia Ţig, Irina Begu, Sorana Cîrstea, Ana Bogdan, Irina Bara, Raluca Olaru, Monica Niculescu, Andreea Mitu, Kenin, Simona, Swiatek, Ashleigh, Simona Halep, Elina, Karolina Pliskova, Bianca Andreescu, Petra Kvitova, Kiki, Serena Williams, Iga, Patricia Maria, Irina, Sorana, Ana Bogdan 805, Mihaela, Elena, Gabriela, Laura Ioana, Alexandra, Nicoleta Dascălu, Barbora, Kristina Mladenovic, Timea, Arina, Elise Mertens, Katerina Siniakova, Yifan, Gabriela Dabrowski, Garbine, Elena Rîbakina, Ana Bogdan 409 Organizations: Agerpres, WTA Race, WTA Locations: Australia, Halep, Naomi Osaka, Paris, Osaka, România, Japonia, SUA, Ucraina, Cehia, Canada, Olanda, Polonia, Hsieh, Taiwan, Franţa, Ungaria, Belarus, Belgia, China, Azarenka, Spania, Kazahstan

☆ Simona Halep şi-a consolidat poziţia a doua în clasamentul WTA după titlul cucerit la Roma
▼ + stars: | 2020-09-22 | by ( ) tvrmoldova.md time to read: +3 min

Românca Simona Halep şi-a consolidat poziţia a doua în clasamentul mondial al jucătoarelor profesioniste de tenis (WTA), dat publicităţii luni, după ce a câştigat titlul în turneul Premier 5 de la Roma, potrivit Agerpres. La dublu, Raluca Olaru a urcat 15 poziţii şi se află pe 40, în urma finalei de la Roma. În ierarhia WTA Race la simplu, pentru Turneul Campioanelor, Simona Halep a urcat de pe cinci pe trei, fiind devansată de Naomi Osaka şi Sofia Kenin, cele două campioane de Mare Şlem de anul acesta. Simona Halep (România) 7.2553 (3). Simona Halep 2.5304 (3).

Persons: Românca Simona Halep, Roland Garros, Patricia Ţig, Irina, Sorana, Ana Bogdan, Irina Bara, Raluca Olaru, Simona Halep, Naomi, Ashleigh, Karolina Pliskova, Elina, Sofia, Bianca Andreescu, Kiki, Serena Williams, Belinda, Patricia Maria, Ana Bogdan 755, Mihaela, Monica Niculescu, Elena, Gabriela, Laura Ioana, Nicoleta Dascălu, Alexandra, Barbora, Kristina Mladenovic, Timea, Arina, Elise Mertens, Yifan, Gabriela Dabrowski, Katerina Siniakova, Andreea Mitu 756, Garbine, Petra Kvitova, Jennifer Brady, Elena Rîbakina, Ana Bogdan 339 Organizations: Agerpres, Halep, Turneul Locations: Roma, - Mer, Naomi Osaka, Sofia, Australia, România, Japonia, Cehia, Ucraina, SUA, Canada, Olanda, Hsieh, Taiwan, Franţa, Ungaria, Belarus, Belgia, China, Azarenka, Spania, Kazahstan

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