The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets.
Category: China
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The Week in Business: Labor Actions Sweep Britain
The New York Times – Business: -
China’s Youths, Stung by Years of Covid Rules, Fear Grim Job Future
The New York Times – Business:A sluggish economy continues to leave many young people unemployed, with few job prospects or hopes to tap into the rising incomes their parents enjoyed during boom times.
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China’s Looming ‘Tsunami’ of Covid Cases Will Test Its Hospitals
The New York Times – Business:To conserve resources for the severely ill, the government is urging residents not to seek help unless necessary. But the pivot has left many confused and anxious.
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Beijing Braces for Covid Surge After China Lifts Pandemic Curbs
The New York Times – Business:Residents in the capital city buy up at-home tests and fever medication following the government’s decision to ease its “zero Covid” policy.
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‘I Will Keep Fighting’: China’s Protesters Say It’s Bigger Than Covid
The New York Times – Business:The restrictions that drove people into the streets last month are being rolled back. But many of those who demonstrated say they want more.
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How Will China Turn Its Economy Back On? The World Is About to Find Out.
The New York Times – Business:Strict “zero Covid” curbs have been smothering growth. After easing them, Beijing faces the twin challenges of rising caseloads and wary consumers.
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In China, Luxury Shopping Faces Ongoing Headwinds
The New York Times – Business:China’s zero-Covid policy has weighed heavily on the high-end market in 2022. In the wake of recent protests, is a recovery in sight?
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At the DealBook Summit, Untangling the Now — and the Future
The New York Times – Business:In challenging times, choosing the direction of a company can be a lot like shifting pieces of a puzzle — with sometimes staggering consequences.
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China’s ‘Zero Covid’ Policy Changes, Explained
The New York Times – Business:The Chinese government ordered officials to cut back on mass testing and hair-trigger regional lockdowns, in a pivot from stringent pandemic rules.
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China Eases ‘Zero Covid’ Restrictions in Victory for Protesters
The New York Times – Business:Beijing’s costly policy of lockdowns has pummeled the world’s second-largest economy and set off mass public protests that were a rare challenge to China’s leader, Xi Jinping.
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The Week in Business: Upheaval in China
The New York Times – Business:The labor market showed continued resilience. President Biden signed legislation averting a rail strike. And a near-total embargo on Russian oil takes effect.