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China’s banks hire thousands in latest rescue mission

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.

Beach holidays for some in China, belt tightening for others

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.

Mystery grows over virus spread via contaminated food packaging

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.

China says frozen chicken wings from Brazil test positive for virus

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 pulls 2,500 China-linked YouTube channels over disinformation

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...

India widens China app ban to cover more from Xiaomi, Baidu

NEW DELHI — India has banned some mobile apps of Chinese companies such as Xiaomi Corp. and Baidu Inc., three sources told Reuters on...

US health chief to visit Taiwan, likely angering China

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.

China’s Sinopharm to test potential COVID-19 vaccine in Brazil

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.

US warns vs planting mystery seeds from China

US FEDERAL AGENCIES are investigating suspicious and unsolicited packages of seeds that have been arriving at addresses across America and appear to come from China.

China’s northeast cluster spreads to Beijing as resurgence grows

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.

China takes control of the US consulate in Chengdu

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.

China June pork imports jump 128.4% year-on-year

BEIJING (Reuters) - China imported 400,000 tonnes of pork in June, customs data showed on Thursday, up 128.4% from the same month a year earlier, as a months-long buying spree continued as importers try to help plug a domestic shortage.

China launches independent mission to Mars

WENCHANG, China — China successfully launched an unmanned probe to Mars on Thursday in its first independent mission to another planet, a bid for global leadership in space and a display of its technological prowess and ambition.

China says UK citizenship pathway for HK residents violates int’l law

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.

COVID-19, China policy may dent Duterte rating

PRESIDENT Rodrigo R. Duterte’s popularity may get dented for the first time by his pro-China policy combined with his government’s response to the coronavirus pandemic, according to a political analyst.

Trump ends HK special status, cites ‘oppressive’ China actions

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.

A spate of bank runs breaks out in China, fueled by...

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.

The virus is still sapping China’s $6 trillion power to consume

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.

Wuhan shows world how economies may recover after the virus

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.

The virus has trapped $111 billion of luxury spending in China

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 brings virus resurgence under control with targeted plan

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.

City in China’s Inner Mongolia warns after suspected bubonic plague case

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.

TikTok distances from Beijing in response to India app ban

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.

China’s worsening floods highlight extreme weather threat

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.

China passes HK security law

HONG KONG/BEIJING — China’s parliament passed national security legislation for Hong Kong on Tuesday, setting the stage for the most radical changes to the former British colony’s way of life since it returned to Chinese rule almost exactly 23 years ago.

India bans TikTok and 58 other Chinese apps citing security concerns

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.

Global coronavirus cases approach 10 million

BEIJING — Global coronavirus cases neared 10 million on Sunday according to a Reuters tally, marking a major milestone in the spread of the...

Apple will remove thousands of unlicensed iPhone games in China

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.

China considering further relief as deadline for $211-billion debt nears

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.

Philippines accuses Beijing of pointing naval radar gun at sea

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.

Leadership in the time of COVID-19

Since the virus that causes COVID-19 popped up in Wuhan, China in December 2019, the number of cases around the globe has surpassed the...

China donates 2,000 novel coronavirus test kits

THE Chinese government has donated 2,000 “high-tech fast test kits” to the Philippines to help it fight a novel coronavirus outbreak that has killed at least 12 people and sickened 128 more.

By the numbers: the economic impact of outbreaks like Covid-19

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 gives relief to shield trillions of yuan in bad debt

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 weighs setting up bad-debt managers for failed P2P lenders

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.

China cuts benchmark rate as virus shock affects economy

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.

Duterte to boost China, Japan ties post-VFA

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.

China’s theaters, studios protest against deal to stream movie online for...

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 blockbuster lineup signals tough year for Hollywood

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 steadying inflation leaves door open for monetary easing

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 vows to ‘win’ battle against financial risks

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.

P3.5M pork, meat products from China seized at Manila Port

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.

BoC seizes misdeclared stainless bars from China

THE BUREAU of Customs (BoC) seized on Tuesday two containers of misdeclared stainless angle bars from China, with the value still to be assessed.

China unexpectedly keeps LPR lending benchmark unchanged

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.

Taylor Swift album hits 1 million in China

AMERICAN singer-songwriter Taylor Swift may be more popular in China than the US, going by the first-week sales of her latest music.