Shanghai reported seven more deaths due to COVID-19 as the Chinese financial hub grapples with a record outbreak, taking the total death toll in the country to 4,648 with over 21,400 new cases, most ... ( read original story ...)
China’s rising household debt is shattering dreams of financial freedom, and ‘fears are spreading’
Many Chinese who borrowed millions to invest in property, or who hitched their wagon to a now-curtailed tech firm, are growing increasingly fearful of salary reductions, lay-offs, crackdowns and ... ( read original story ...)
China Merchants Bank Slumps on Surprise Removal of President
China Merchants Bank Co. slumped in Shanghai and Hong Kong markets Tuesday after the surprising departure of its President Tian Huiyu, who spent nearly nine years building the lender into the nation’s ... ( read original story ...)
Shanghai’s COVID-19 lockdown takes economic toll
The strict lockdown in Shanghai is putting immense pressure on the city’s economy — home to China’s financial hub. At the Port of Shanghai, shipment delays are having a major impact on the global ... ( read original story ...)
Shanghai reports 7 more Covid-19 deaths as cases stay elevated
The people who died were aged between 60 and 101 and had severe underlying health conditions. . Read more at straitstimes.com. ( read original story ...)
I live in locked-down Shanghai — here’s what life is like in China’s most modern metropolis
A lockdown of Shanghai is the end result, and absolutely nothing can be allowed to stand in the way of Xi Jinping’s quest to be president for life. ( read original story ...)
HSBC: The Cheapest Bank For Big Gains
HSBC is poised to benefit from the rising interest rate environment across the globe. Read more to find out why we rate HSBC a buy at its current price. ( read original story ...)