Businesses that held on through several outbreaks are now trembling as the highflying metropolitan hub struggles with supply chain issues and a relentless approach to the pandemic.
Author: ALEXANDRA STEVENSON
Xi’an Is China’s Biggest Covid Challenge Since Wuhan
Xi’an, a city of 13 million people, has been on lockdown since Dec. 22, the longest in the country since the early days of the outbreak in Wuhan.
China Evergrande Suspends Trading Shares in Hong Kong
The world’s most indebted property developer provided no details on the suspension, but it suggested an announcement “containing inside information” would come soon.
Furor Over Peng Shuai’s #Metoo Accusation Challenges China
The tennis world is outraged over the latest twist in a star player’s complaint of assault and abrupt disappearance from public life.
Hong Kong Exempts Jamie Dimon, JPMorgan’s C.E.O., From Quarantine
The exemption for Jamie Dimon, who was in town to meet with employees and regulators, was “justified to facilitate a short visit” of about 30 hours, a government spokesman said.
This Chinese City Requires 28 Days of Quarantine. Then Another 28.
The restrictions in Shenyang are a stark example of how seriously officials are taking the country’s “zero Covid” approach to the pandemic.
China Urges Families to Stock up on Food for Winter
State-run news media said that the directives were to prepare for emergencies like coronavirus lockdowns as the country pursues its “zero Covid” policy.
China Evergrande Makes Payment to Dodge Default, Media Says
The troubled real estate giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.
China Evergrande’s Shares Are Halted as Doubts Swirl
The property giant, which cited a pending “major transaction,” owes billions. Investors worry that a collapse could hit broader markets.