Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis […]
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to “health reasons”, after state-backed media reported he had been taken away by authorities. The company also warned on Monday of a net loss of approximately 45 billion yuan ($6.2 billion) last year. Chinese outlet the Economic Reporter this month cited sources […]
‘Don’t rule out’ COVID-19 lab leak theory, Chinese scientist says
The possibility COVID-19 could have leaked from a Chinese lab should not be ruled out, a former top Chinese government scientist has said. Professor George Gao, the former head of China’s Centre for Disease Control (CDC), told the BBC Radio 4 podcast Fever: The Hunt for COVID’s Origin: “You can always suspect anything. That’s science. […]
