China anti-virus curbs spur fears of global economic impact

Philippines News News

China anti-virus curbs spur fears of global economic impact
Philippines Latest News,Philippines Headlines
  • 📰 CP24
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 67%

More than 253,000 coronavirus cases have been found in China in the past three weeks and the daily average is rising, the government said Tuesday, adding to pressure on officials who are trying to reduce economic damage by easing controls that confine millions of people to their homes.

The ruling Communist Party promised earlier this month to reduce disruptions from its “zero- COVID” strategy by making controls more flexible. But the latest wave of outbreaks is challenging that, prompting major cities including Beijing to close off populous districts, shut stores and offices and ordered factories to isolate their workforces from outside contact.

On Tuesday, the government reported 28,127 cases found over the past 24 hours, including 25,902 with no symptoms. Almost one-third, or 9,022, were in Guangdong province, the heartland of export-oriented manufacturing adjacent to Hong Kong. China is the world’s biggest trader and the top market for its Asian neighbors. Weakness in consumer or factory demand can hurt global producers of oil and other raw materials, computer chips and other industrial components, food and consumer goods. Restrictions that hamper activity at Chinese ports can disrupt global trade.

Economic growth rebounded to 3.9% over a year earlier in the three months ending in September, up from the first half’s 2.2%. But activity already was starting to fall back. Businesspeople and economists see the changes in anti-virus controls as a step toward lifting controls that isolate China from the rest of the world. But they say “zero COVID” might stay in place until as late as the second half of next year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CP24 /  🏆 30. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada doesn’t understand the Indo-PacificCanada doesn’t understand the Indo-PacificFREDERICTON, N.B.—Last week, Prime Minister Justin Trudeau and Global Affairs Minister Mélanie Joly were in the Asia Pacific, attending regional multilateral institutional meetings related to the Association of Southeast Asian Nations (ASEAN), the G20 and Asia-Pacific Economic Cooperation (APEC). When she returns, Joly has promised to finally release Canada’s policy on the “Indo-Pacific.” However, recent speeches by Joly, Minister of Finance Chrystia Freeland, and Minister of Innovation, Science and Industry François-Philippe Champagne foreshadow that policy, and indicate that Canada has chosen to make China an adversary. This decision illustrates how little independence Canadian policymakers feel they have from the United States. But it also illustrates how little Canada understands the Indo-Pacific region. Canada aligns with the U.S. insofar as both countries portray China as a “disruptive” influence which must be contained. This objective is opposed by most Asian states. In 2019, ASEAN issued its “ASEAN Outlook on the Indo-Pacific,” in which it emphasizes the Asia Pacific as a region of co-operation and mutual benefit. Southeast Asia is not anti-Chinese. Indeed, regional states are telling Australia that it is going too far in its hostility to China. Southeast Asian states are wary of China’s size and power. They are concerned by China’s excessive claims in the South China Sea. They want the U.S. to balance China. However, they understand that China will always be their neighbour. Wariness of China does not mean they see it as a “threat.” They do not want to take sides in any competition between the two superpowers. America’s increasingly aggressive and provocative attacks on China seem designed to force a confrontation. America’s ideological rhetoric—which Canada has adopted—is alienating regional states. Freeland’s recent speech at the Brookings Institution in New York rejected the liberal international economic order. According to her, this order had failed to
Read more »

Canadian dollar hits 11-day low as COVID-19 curbs in China clip sentimentCanadian dollar hits 11-day low as COVID-19 curbs in China clip sentimentLoonie at 74.46 U.S. cents
Read more »

China COVID-19 cases and lockdown spur fears of global economic impactChina COVID-19 cases and lockdown spur fears of global economic impactMore than 253,000 coronavirus cases have been found in China in the past three weeks and the daily average is rising, the government said Tuesday, adding to pressure on officials who are trying to reduce economic damage by easing controls that confine millions of people to their homes.
Read more »

Could your pension plan be funding human-rights abuses in China?Could your pension plan be funding human-rights abuses in China?Multiple Canadian pensions plans have invested in firms complicit in Xinjiang abuses, alleges report by Hong Kong Watch and expert in forced labour.
Read more »

China announces 1st COVID-19 death in almost 6 monthsChina announces 1st COVID-19 death in almost 6 monthsChina on Sunday announced its first new death from COVID-19 in nearly half a year as strict new measures are imposed in Beijing and across the country to ward against new outbreaks.
Read more »



Render Time: 2025-03-12 18:29:12