Category: China

Fire Kills 10 in China’s Xinjiang, Raising Questions About Lockdown

The New York Times – Business:
A fire in a residential high-rise in Urumqi, where many residents have been under lockdown, set off public anger and questions about China’s zero-Covid policy.
China Is Finally Trying to Fix Its Housing Crisis

The New York Times – Business:
After a year on the sidelines, Beijing this week took steps to get hundreds of billions of dollars into the hands of the country’s flailing real estate developers.
iPhone Factory Protest Challenges China’s ‘Zero Covid’ Rules

The New York Times – Business:
Protests are rising as China enacts more lockdowns and quarantines, with no end in sight. The defiance is a test of Xi Jinping’s authoritarian leadership.
China’s Grandparents Are Done Babysitting and Ready to Go Viral

The New York Times – Business:
Rapping grannies, crooning 70-year-olds and gamers in their 80s are challenging traditional Chinese views about aging and what it means to have a long and happy life.
Outbreaks Test China’s Efforts to Limit the Cost of ‘Zero Covid’

The New York Times – Business:
China wants to fine-tune its stringent pandemic restrictions to reduce the disruption to daily life caused by lockdowns. But officials are still taking few chances.
Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The New York Times – Business:
The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.
Chinese Government Steps In to Help Apple

The New York Times – Business:
The government has sought out military veterans and Communist Party members to try to help an Apple supplier address a labor shortage at a major factory.
World of Warcraft and Other Blizzard Games to Be Pulled From China

The New York Times – Business:
Blizzard Entertainment is suspending most of its gaming services in China after failing to renew a licensing deal with NetEase, a Chinese gaming partner.
U.S. and China Restart Climate Talks

The New York Times – Business:
Discussions about combating climate change between the world’s two largest economies — and two biggest emitters of greenhouse gases — had been frozen since August.
Yellen Calls for ‘Stabilizing’ U.S. Relations With China Ahead of G20

The New York Times – Business:
The Treasury secretary said in an interview that the United States was not trying to “paralyze China’s economy and stop its development.”
China Adjusts Some Pandemic Policies, While Sticking to ‘Zero Covid’

The New York Times – Business:
Investors cheered the changes, although officials emphasized that measures “must not be relaxed.”
Price of Diesel, Which Powers the Economy, Is Still Climbing

The New York Times – Business:
Russia’s invasion of Ukraine is one reason that the fuel is scarce. Another is a series of yearslong, intertwined events that cover the globe.