Wednesday, June 29, 2022
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China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

China's exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export.Si Wei | Visual China Group | Getty ImagesBEIJING — Chinese businesses ranging from services to

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China cuts quarantine time for international travelers in big step toward easing Covid controls

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations.Leo Ramirez | Afp | Getty ImagesBEIJING — China cut the quarantine

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China’s property troubles have pushed one debt indicator above levels seen in the financial crisis

Fixed asset investment data for the first five months of 2022 showed real estate investment declined at a greater scale than it did during the first four months of the year. Pictured here on May 16 is a development in Huai'an City in Jiangsu province in east China.CFOTO |

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China’s economic numbers come in better than expected, but ‘difficulties and challenges’ remain

New energy vehicles, which include hybrid and battery-powered cars, have seen sales surge in China despite a slump in the overall car market. Pictured here is an unnamed new energy vehicle factory in Jiangsu province on June 13, 2022.Wan Shanchao | Visual China Group | Getty ImagesBEIJING — China

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Most factories in Shanghai resume work as Covid controls ease, ministry says

German automaker Volkswagen is one of state-owned automaker SAIC's foreign partners in China. Pictured here on June 7, 2022, is the joint venture's factory in Shanghai.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Factories in two of China's Covid-hit economic hubs have mostly resumed work as the impact of

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Chinese automakers want to bring assisted driving to the masses

Jidu, Baidu's electric car venture alongside Geely, revealed its first concept car on June 8, 2022.BaiduBEIJING — As Chinese companies race for a slice of the world's largest car market, they're betting heavily on assisted driving technology.China sold nearly 21.5 million passenger cars last year. That's roughly the equivalent

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Self-driving car companies’ first step to making money isn’t robotaxis

A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou.Southern Metropolis Daily | Visual China Group | Getty ImagesBEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to

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Why China will likely recover more slowly from the latest Covid shock

As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district on May 21, 2022, is a line outside a shopping mall.Xu Kaikia | Visual China Group | Getty ImagesBEIJING —

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Watch IMF chief Kristalina Georgieva and Citigroup CEO Jane Fraser discuss the global economy

[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.]Spiraling food and energy prices are squeezing households around the world, while central banks are tightening monetary policy to rein in inflation, exerting further pressure

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