News • China.Table

The rivalry between the United States and China could thwart an important World Trade Organization (WTO) agreement on the manufacture of COVID-19 vaccines. WTO members are currently trying to loosen intellectual property rules for COVID-19 vaccines. Developing countries would be the main beneficiaries of such an agreement. But the highest US trade official made clear […] continue reading →

Shanghai authorities have announced a relaxation of the Covid lockdown for June 1. At a press conference on Monday, Deputy Mayor Zong Ming announced plans to replace strict measures with “normal virus control” next month. Infection numbers in the city have been on the decline recently. The lockdown has been severely restricting the lives of […] continue reading →

The economic fallout from China’s Covid Lockdowns is becoming clearer: real estate sales plunged in April by the steepest rate in 16 years; the manufacturing sector is cutting back production; retail sales are declining; and investment is weaker than expected. Meanwhile, the unemployment rate rose to its highest level in more than two years. The […] continue reading →

China’s monthly chip production has fallen dramatically – to its lowest level since 2020, with integrated circuit output dropping 12.1 percent year-on-year to 25.9 billion units in April. This was announced by the National Bureau of Statistics in Beijing on Monday. The decline in chip production has far-reaching consequences: Industrial sectors that rely on chips […] continue reading →

Covid-stricken Shanghai shows first signs of opening. On Monday, following a six-week lockdown, the first stores were allowed to reopen. Among them are shopping malls, hair salons, and stores for daily necessities. This was announced by Vice Mayor Chen Tong on Sunday at the regular press conference of the disease control committee. He said the […] continue reading →

China will not host the Asian Football Championships next year. Citing the Covid pandemic, the country has canceled the staging of the Asia Cup, the Asian Football Confederation (AFC) announced Saturday. “Following extensive discussions with the Chinese Football Association (CFA), the AFC has been officially informed by the CFA that it would not be able […] continue reading →

On Friday, US President Joe Biden signed a bill to help Taiwan regain its lost observer status at the World Health Assembly (WHA). The House of Representatives had passed the bill in late April without dissenting votes. The Republican and Democratic lawmakers who introduced it praised the president for his “support for Taiwan’s engagement”. Taiwan […] continue reading →

China expects a record number of university graduates and wants to promote their recruitment by companies. Smaller companies hiring such candidates are to be provided with subsidies, according to the State Council. Graduates who set up a start-up will receive tax breaks and better loan conditions. In addition, free business and office space will be […] continue reading →

The German government looks with concern at the consequences of China’s zero-Covid policy. “If China continues to be affected by lockdowns, new supply bottlenecks and a slowdown in world trade are possible,” according to the monthly report of the Ministry of Economics published on Friday. The forecast for German foreign trade in the coming months […] continue reading →