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Tag: MCE

China's economy skids as lockdowns hit factories, retailers

China’s economy skids as lockdowns hit factories, retailers

Posted on May 16, 2022 by mangakiko

April industrial output unexpectedly falls y/y April retail sales falls faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted…

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Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Posted on May 16, 2022 by mangakiko

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict…

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