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CHINA’S MEGA BANKS are ramping up their recruitment of fresh graduates as a record number enter the labor market, joining other state-owned firms in boosting employment even as lenders deal with plunging earnings and ballooning bad debt.
The recovery in China’s consumption is moving in two different directions, with the wealthier shopping for luxury goods and taking holidays to the beach, while poorer households continue to cut back.
Evidence shows that food is an unlikely route of transmitting the coronavirus across borders, but contaminated items continue to grab the spotlight, deepening the uncertainty over whether the $220-billion cold chain industry could be implicated in the spread of COVID-19.
Consumers in the Chinese city of Shenzhen have been urged to exercise caution when buying imported frozen food after a surface sample of chicken wings from Brazil tested positive for coronavirus, according to a statement from the local government.
Google says it has deleted more than 2,500 YouTube channels tied to China as part of its effort to weed out disinformation on the...
NEW DELHI — India has banned some mobile apps of Chinese companies such as Xiaomi Corp. and Baidu Inc., three sources told Reuters on...
TAIPEI — US Secretary of Health and Human Services Alex Azar will visit Taiwan in coming days, his office said on Tuesday, making the highest-level visit by a US official in four decades - a move likely to anger China, which claims the island as its own.
RIO DE JANEIRO — Chinese drug company Sinopharm and Parana state have agreed to launch the fourth major COVID-19 vaccine trial in Brazil and will seek regulatory approval in the next two weeks, the Brazilian partners said on Wednesday.
BEIJING reported one new coronavirus case on Tuesday, its first in 21 days, reflecting the fragility of the Chinese capital’s success at stamping out infections earlier this month.
CHENGDU, China — China said it had taken over the premises of the US consulate in the southwestern city of Chengdu on Monday after ordering the facility be shut in retaliation for being ousted from the Chinese consulate in Houston, Texas.
SHANGHAI - A new British policy allowing Hong Kong residents to claim British citizenship is a violation of international law and interferes with China’s internal affairs, China’s embassy in London said on Thursday.
WASHINGTON — President Donald Trump on Tuesday ordered an end to Hong Kong’s (HK)special status under US law to punish China for what he called “oppressive actions” against the former British colony.
Social media-fueled rumors about banks collapsing are popping up at an unprecedented frequency in China, forcing regulators and even the police to step in to calm depositors.
Three months after China started to emerge from its coronavirus restrictions, its army of shoppers that help power the global economy are still nervous of travel, reticent to spend, and forming habits that may change the face of consumption permanently.
THREE MONTHS after it reopened its economy, Wuhan’s uneven recovery offers a glimpse of the hard road back to normality for cities after containing the coronavirus.
Jeff Meng, a 25-year-old watch lover from a well-heeled Guangdong family, had 160,000 yuan ($22,800) burning a hole in his pocket. He could not find the Rolex Daytona watch he wanted, dubbed “panda” for its black-and-white face, anywhere in China.
BEIJING reported zero new coronavirus cases for the first time in 26 days, a sign the resurgence that ignited fears of a second wave in China looks to have been brought under control for now.
BEIJING — Authorities in a city in the Chinese region of Inner Mongolia issued a warning on Sunday, one day after a hospital reported a case of suspected bubonic plague.
NEW DELHI — Social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters.
Weeks of torrential rain in southern China have left millions of people without homes and caused billions of yuan in economic losses, with environmental groups warning the extreme floods are likely to become more common.
India banned ByteDance Ltd.’s viral short-video service TikTok and 58 other Chinese apps, citing threats to its sovereignty and security as relations between the world’s two largest populations worsened.
Apple Inc. will start removing thousands of mobile games lacking government approval from its App Store in China next month, closing a loophole that the likes of Rockstar Games have relied on for years.
IN THE BATTLE to keep millions of China’s smaller businesses afloat, banks are counting on being allowed another round of exceptions for borrowers falling behind on payments.
THE Philippine military on Thursday accused China of pointing a radar gun at one of its navy ships that prompted the government of President Rodrigo R. Duterte to protest the aggression.
Travel and trade have not only expedited our lives, but also the diseases threatening them. We are collectively more vulnerable than ever to the societal and economic impacts of outbreaks by infectious diseases. We break down the numbers behind outbreaks like SARS, MERS, and Covid-19.
CHINA’S financial regulators will allow the nation’s lenders to delay recognizing bad loans from smaller businesses reeling from the deadly coronavirus outbreak, giving temporary reprieve to trillions of yuan of debt.
CHINA’S BANKING regulator is considering setting up new regional bad-debt managers to help clean up risks after the failure of thousands of peer-to-peer (P2P) lending platforms, according to people with knowledge of the matter.
SHANGHAI/TOKYO — China cut the benchmark lending rate on Thursday, as widely expected, as the authorities move to lower financing costs for businesses and support an economy jolted by a severe coronavirus outbreak.
THE Philippine military will boost defense ties with allies in the region including China, Japan and Australia after President Rodrigo R. Duterte ended a military agreement with the US on the deployment of troops for war games, its new chief said on Wednesday.
BEIJING/SHANGHAI — Chinese theaters and film studios are protesting a deal by Huanxi Media Group to premiere its new movie Lost in Russia on Bytedance’s online platforms, with some saying it was “trampling” and “destroying” China’s cinema industry.
CHINA’S biggest week of the year for movie-goers is packed with at least 12 new releases — all in the local language — a sign that Hollywood studios are headed for another challenging year in their No. 1 overseas market.
CHINA’S CONSUMER inflation steadied in December while factory price declines moderated, leaving room for monetary easing to cement a recent stabilization in economic growth.
CHINA PLEDGED to step up measures to shore up its troubled banks and small businesses while continuing a crackdown on shadow banking and property speculation, in a difficult balancing act that risks exacerbating a build up in bad debt at its traditional lenders.
TWO CONTAINERS of pork and other meat products estimated to be worth P3.5 million, misdeclared as food seasoning and tomato paste, were seized at the Port of Manila.
SHANGHAI — China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.