China is preparing to ease coronavirus restrictions after a week of protests

Sources: China allows home quarantine, cuts mass testing A senior official says the severity of the virus is weakening The shift comes after a series of demonstrations Biggest public challenge show in years HONG KONG/BEIJING (Reuters) – China is set to announce an easing of COVID-19 quarantine protocols in the coming days and a cut … Read more

Coronavirus protests escalated in Guangzhou as China’s lockdown anger boiled over

SHANGHAI/BEIJING (Reuters) – People in Guangzhou, China’s manufacturing hub, clashed with white riot police wearing hazmat protective gear on Tuesday night, videos on social media showed, as frustration with strict COVID-19 rules boiled over. 19 three years later. epidemic. Clashes in the southern city constituted an escalation of protests In the commercial center of Shanghai, … Read more

Investors hope Beijing will lift COVID restrictions faster as protests dampen markets

Dozens of universities, demonstrators show civil disobedience There was no sign of new protests in Beijing and Shanghai on Monday Chinese bonds and stocks suffered huge outflows in 2023 LONDON (Reuters) – Rare protests spreading across China over Beijing’s anti-coronavirus policy may have unleashed a new wave of political uncertainty, but could also hasten the … Read more

The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Canada launches new Indo-Pacific strategy, focused on ‘disruptive’ China

OTTAWA (Reuters) – Canada on Sunday launched its long-awaited Indo-Pacific strategy, pledging more resources to deal with a “troubled” China as it works with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined spending of C$2.3 billion ($1.7 billion), including to bolster Canada’s military presence and cyber security in the … Read more

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

Exclusive: Tesla considering exporting electric vehicles from Shanghai to the US and Canada

SHANGHAI (Reuters) – Two people familiar with Tesla’s plan told Reuters that Tesla has considered plans to export electric cars made in China to the United States and Canada, a move that would connect its largest factory to North America. Its biggest market. Tesla has assessed whether its Model 3 and Model Y electric cars … Read more