Economy
World / Countries / MNCs
Tech major Apple on Monday said COVID-19 restrictions have temporarily impacted the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou region of China. more
China’s economy badly hit by Covid lockdowns: Reports

Beijing: China's economic indicators are not looking very positive as the country is badly hit by COVID-19 imposed lockdowns which is affecting both businesses and consumers.

COVID-19, power outage hit China's manufacturing sector hard

Beijing: China's manufacturing sector has been hit hard and the outlook remains bleak amid a continuing onslaught of the coronavirus and power shortages caused by record heatwaves.

Confidence in the China market falters amid COVID-19 restrictions, geopolitical tensions: Survey

Washington/Beijing: Optimism about the future business outlook in China has dropped to a record low according to an annual membership survey from the US-China Business Council, an organiz ...

Japanese companies slowly moving out of China amid growing crisis

Beijing: Several Japanese production facilities have started moving out of China as Beijing continues to follow its Zero COVID-19 policy and even the friction on the Taiwan straits height ...

COVID-19: Panic selling grips Chinese tech stocks again amid rising concerns over lockdown

Hong Kong: The relentless sell-off in Chinese technology stocks continued in Hong Kong on Monday amid lockdown imposed in tech hub Shenzhen due to COVID-19 spike.

China facing the tough task of stabilising economy amid COVID-19 pandemic, fast-aging population

Beijing: China is facing the tough task of stabilising employment in 2022 amid the crisis of COVID-19 and a fast-aging population.

COVID-19, aging population disrupting China's attempt to stabilise market in 2022

Beijing: COVID-19 spike and fast aging population have emerged as the new threat for China to fight the task of stabilising employment next year, media reports said.

Chinese small businesses still struggle to recover from COVID-19 massacre

Beijing: China's small businesses are still failing to add to the country's economic recovery as they are struggling to still deal with the damage done to them by COVID-19.