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.
Category: China
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China’s Looming ‘Tsunami’ of Covid Cases Will Test Its Hospitals
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
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 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.
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
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
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 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
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 labor market showed continued resilience. President Biden signed legislation averting a rail strike. And a near-total embargo on Russian oil takes effect.
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After Fanning Covid Fears, China Must Now Try to Allay Them
Beijing had long warned that the only effective response was testing, quarantine and lockdowns. As it shifts policy, it must change how it portrays the risks.