China’s rising household debt is shattering dreams of financial freedom, and ‘fears are spreading’

South China Morning Post

By He Huifeng

Salary reductions, lay-offs, lockdowns and regulatory crackdowns are upending the lives of those who were once the envy of Chinas middle class
If coronavirus-induced lockdowns and restrictions drag out for more than two months, some warn that the impact could be unimaginable

#lockdown #salaryreductions #RegulatoryCrackdowns

Continue read on scmp.com

Business / FinanceBy Reuters23 Mar

China's technology emperors have no clothes

Reuters Reuters HONG KONG (Reuters Breakingviews) - In Hans Christian Andersens fable, an emperor is swindled into buying invisible new clothes until a child...

#money #pandemic #alibaba #cybersecurity #lockdown

MarketsBy Afp19h

Asian markets slide, China growth behind target

Hong Kong: Asian stocks opened lower on Monday in cautious trade, as China posted higher-than-expected economic growth but officials still warned of...

#chinagrowth #pandemic #president #dow #energysanctions

Business / FinanceBy Li Yuan31 Mar

Covid, Russia and Economy Put the China Model to the Test

With Chinas prosperity and global standing seemingly at risk, some are wondering aloud whether the country is on the wrong track. A year ago, while many...

#model #pandemic #coronavirus #geopolitical #president

Business / FinanceBy Li Yuan 2 Apr

The China Model is being tested by Covid, Russia and the economy. And its coming up short.

A year ago, while many countries were still reeling from Covid-19, China seemed to be one of the few places prospering through the pandemic. It was also the...

#pandemic #coronavirus #geopolitical #government #president

Business / FinanceBy Daily28 Mar

Oil price falls amid fears of weaker demand in China

Oil prices tumbled nearly $10 yesterday as fears over weaker fuel demand in China grew after financial hub Shanghai was locked down to curb a surge in...

#Oilprice #pandemic #lockdown #coronavirus #policy

EconomyBy Evelyn Cheng 6 Apr

China's long weekend tourism spend plunges to 39.2% of pre-pandemic levels

Key Points Shanghai and other parts of China remained in lockdown or subject to travel restrictions during a long holiday weekend in early April. That sent...

#tourism #revenue #pandemic #investment #logistics

Business / FinanceBy John Liu 1 Apr

Covid Outbreak at Shanghai Hospital Exposes Risks to Chinas Seniors

Coronavirus infections have spread at an elder care facility in Shanghai. Workers said deaths are increasing and resources dwindling. A coronavirus outbreak...

#covidoutbreak #expose #senior #lockdown #business

Business / FinanceBy Amelia Murray13 Apr

Fears for businesses and savers as more firms refuse to accept cheques

When the finance industry announced that cheques would be phased out by 2018 there was uproar. Such was the outpouring of opposition that two years later,...

#cheque #morefirms #saver #fear #pandemic

Markets25 Mar

China doesn't have a Covid exit plan. Two years in, people are fed up and angry

A version of this story appeared in CNN's Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country's rise...

#lockdown #pandemic #health #techhub #latestoutbreak

PoliticsBy Mark O'donnell13 Apr

How China's Zero-COVID Policy Is Taking A Toll On Its Economy

The more contagious omicron strain of COVID-19 is testing China’s zero-tolerance COVID-19 policy and while many signs underscore the strategy’s adverse...

#policy #economy #lockdown #apple #pandemic

MarketsBy The Editorial Board13 Apr

Shanghai's Zero-Covid Lockdown

Were old enough to remember a timetwo years agowhen Chinas aggressive Covid suppression was presented as a model for Western governments. No longer. While...

#businesscapital #newlockdown #localofficials #pandemicrestrictions #suppression

Business / FinanceBy Reuters11 Apr

Shanghai to lift lockdown in some areas despite rise in COVID infections

Adds background, quotes SHANGHAI, April 11 (Reuters) - Authorities in China's financial centre of Shanghai said they would start lifting lockdown in some...

#lockdown #reuters #government #policy #flu

MarketsBy Black Bull Markets13 Apr

How Chinas Zero-COVID Policy Is Taking A Toll On Its Economy

The more contagious omicron strain of COVID-19 tests China’s zero-tolerance COVID-19 policy. While many signs underscore the strategy’s adverse impact on its...

#policy #economy #lockdown #apple #nasdaq

Business / FinanceBy Reuters11 Apr

Shanghai's COVID infections rise as city looks to get moving again

Corrects paragraph 4 to say prevention areas yet to open up, not already open SHANGHAI, April 11 (Reuters) - China's financial centre of Shanghai reported...

#reuters #lockdown #government #policy #flu

Business / FinanceBy Reuters13 Apr

Shanghai vows punishment for COVID lockdown violators as cases hit 25,000

Adds comment from Barclays, paragraphs 9, 11 SHANGHAI, April 13 (Reuters) - The Chinese commercial capital of Shanghai warned on Wednesday that anyone who...

#reuters #security #emergency #logistics #electronics

Business / FinanceBy John Liu29 Mar

Shanghais Lockdown Tests Covid-Zero Policy, and People's Limits

A staggered lockdown on Chinas commercial capital of 26 million people has sent beleaguered residents scrambling and raised fears of broader damage to the...

#policy #economy #split #hong #drug

Business / FinanceBy Reuters13 Apr

Shanghai warns COVID lockdown violators will be punished as cases hit 25,000

SHANGHAI, April 13 (Reuters) - The Chinese city of Shanghai warned on Wednesday that anyone who violates strict COVID-19 lockdown rules will be dealt with...

#reuters #security #emergency #electronics #government

MarketsBy Reuters11 Apr

Shanghai Covid crisis puts China tech on eggshells

Financial elites are confronting a once-unthinkable problem in modern Chinas wealthiest city: widespread food shortages. Officials in Shanghai have called on...

#lockdown #deliveryapps #RegulatoryCrackdowns #millionresidents

MarketsBy Market Pulse11 Apr

China Gloom Hangs Over Asia

Although we have seen some interesting political developments across the world over the weekend, it was China that was weighing on Asian markets this...

#lockdown #economy #geopolitical #brexit #cash

EconomyBy Evelyn Cheng15 Apr

Chinas lockdowns are a greater threat to inflation today than in 2020, Bernstein says

Key Points China's latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said. The world has become...

#greaterthreat #bernstein #pandemic #policy #analysis