While most American cities are opening up and lifting COVID-19 restrictions, one of the biggest cities in the world has been shut back down. Shanghai, China's most populous city with some 25 million inhabitants, was largely at a standstill on Friday as China battles its worst wave of coronavirus infections since the start of the pandemic.
Read more at:
China extends Shanghai coronavirus lockdown as frustration mounts over strict "zero-COVID" policy - CBS News
Showing posts with label Shanghai. Show all posts
Showing posts with label Shanghai. Show all posts
4/2/22
3/28/22
China - corona virus outbreak:Shanghai Covid: China announces largest city-wide lockdown
China has announced its biggest city-wide lockdown since the Covid outbreak began more than two years ago.
The city of Shanghai will be locked down in two stages over nine days while authorities carry out Covid-19 testing.
The important financial hub has battled a new wave of infections for nearly a month, although case numbers are not high by some international standards.
Read more at: Shanghai Covid: China announces largest city-wide lockdown - BBC News
The city of Shanghai will be locked down in two stages over nine days while authorities carry out Covid-19 testing.
The important financial hub has battled a new wave of infections for nearly a month, although case numbers are not high by some international standards.
Read more at: Shanghai Covid: China announces largest city-wide lockdown - BBC News
7/10/15
Global Economy: China's Casino Moment - by Holger Schmieding
First boom, now bust: The Chinese equity market may soon serve as a standard case of what can go wrong in the financial sphere.
But seen from afar, do we have to worry? Not much, at least not about China. The Chinese equity market does not have much to do with the real economy. It plays no major role in financing Chinese investment.
China’s equity market is also not a leading indicator for the country’s business cycle. It follows its own dynamics driven by liquidity, regulation and the usual panics and manias to which young financial markets are even more prone than established ones.
The 150% surge which the Shanghai Composite Index registered from mid-2014 to its peak on June 12, 2015 did not lead to a major surge in business investment and Chinese GDP growth.
The fact that the market erased roughly half of these gains until yesterday will not herald a major decline in Chinese investment. However, there will be some impact on corners of the private sector — especially on consumption of luxury goods.
Read more: China's Casino Moment - The Globalist
But seen from afar, do we have to worry? Not much, at least not about China. The Chinese equity market does not have much to do with the real economy. It plays no major role in financing Chinese investment.
China’s equity market is also not a leading indicator for the country’s business cycle. It follows its own dynamics driven by liquidity, regulation and the usual panics and manias to which young financial markets are even more prone than established ones.
The 150% surge which the Shanghai Composite Index registered from mid-2014 to its peak on June 12, 2015 did not lead to a major surge in business investment and Chinese GDP growth.
The fact that the market erased roughly half of these gains until yesterday will not herald a major decline in Chinese investment. However, there will be some impact on corners of the private sector — especially on consumption of luxury goods.
Read more: China's Casino Moment - The Globalist
2/24/13
Cyber Crime: China says U.S. hacking accusations lack technical proof
Accusations by a U.S. computer security company that a secretive Chinese military unit is likely behind a series of hacking attacks are scientifically flawed and hence unreliable, China’s Defence Ministry said on Wednesday.
The statement came after the White House said overnight that the Obama administration has repeatedly taken up its concerns about cyber-theft at the highest levels of the Chinese government, including with Chinese military officials.
The security company, Mandiant, identified the People’s Liberation Army’s Shanghai-based Unit 61398 as the most likely driving force behind the hacking. Mandiant said it believed the unit had carried out “sustained” attacks on a wide range of industries.The security company, Mandiant, identified the People’s Liberation Army’s Shanghai-based Unit 61398 as the most likely driving force behind the hacking. Mandiant said it believed the unit had carried out “sustained” attacks on a wide range of industries.
China says U.S. hacking accusations lack technical proof - The Globe and Mail
The statement came after the White House said overnight that the Obama administration has repeatedly taken up its concerns about cyber-theft at the highest levels of the Chinese government, including with Chinese military officials.
The security company, Mandiant, identified the People’s Liberation Army’s Shanghai-based Unit 61398 as the most likely driving force behind the hacking. Mandiant said it believed the unit had carried out “sustained” attacks on a wide range of industries.The security company, Mandiant, identified the People’s Liberation Army’s Shanghai-based Unit 61398 as the most likely driving force behind the hacking. Mandiant said it believed the unit had carried out “sustained” attacks on a wide range of industries.
China says U.S. hacking accusations lack technical proof - The Globe and Mail
Subscribe to:
Posts (Atom)