China’s supply chains must be stabilised amid COVID-19 outbreaks, with local governments helping key companies get back to work, the official Xinhua news agency quoted Vice Premier Liu He as saying. Growing COVID-19 flare-ups are snarling China’s logistics chains, clogging highways and ports, stranding workers and shutting countless factories. The disruptions are already spilling over […]
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China said on Friday that it will help hundreds of companies in key sectors to resume production in locked-down Shanghai, the commercial capital at the centre of the country’s latest COVID-19 outbreak, as businesses warn of the growing economic toll of restrictions. The announcement comes as a growing number of business leaders and analysts warn […]
Three Chinese astronauts returned to earth on Saturday after 183 days in space, state television reported, completing the country’s longest crewed space mission to date. The astronauts landed nine hours after they left a key module of China’s first space station. While in orbit, the Shenzhou-13 mission astronauts took manual control in the Tianhe living […]
Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng, said on Thursday. Growing lockdowns to stop the spread of COVID-19 in China are clogging highways and ports and shutting countless […]
Shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China’s COVID-19 lockdowns persist, analysts said, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. China’s race to stop the spread of COVID-19 has jammed highways and ports, stranded workers and left […]
The Chinese Communist Party’s anti-corruption watchdog was among the agencies involved in a recent inquiry into links between billionaire Jack Ma’s Ant Group and state-owned Chinese companies, Bloomberg News reported on Wednesday. The Central Commission for Discipline Inspection (CCDI) was seeking to understand the influence of Ma’s fintech empire and the extent of its transactions […]
Around 30 Taiwanese companies, many making electronics parts, said on Wednesday that government COVID-19 control measures in eastern China had led them to suspend production until at least next week, as disruption from the measures spreads. China has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to […]
Chinese battery giant Contemporary Amperex Technology has implemented a so-called “closed-loop management” system at its main factory to keep production going as the country battles an Omicron wave of the coronavirus. The southern Chinese city of Ningde, where CATL is headquartered, has tightened prevention and control efforts because of a spate of COVID-19 cases, the […]
Dozens of Chinese firms have built software that uses artificial intelligence to sort data collected on residents, amid high demand from authorities seeking to upgrade their surveillance tools, a Reuters review of government documents shows. According to more than 50 publicly available documents examined by Reuters, dozens of entities in China have over the past […]
Apple Inc is exploring new suppliers for memory chips used in its iPhones, including a potentially first Chinese supplier, after a key Japanese partner had an output disruption, Bloomberg News reported on Wednesday, citing sources. Japan-based Kioxia Holdings Corp — a key supplier of flash memory chips to Apple — had reported a contamination last […]