China April property sales post steepest drop since 2006

China April property sales post steepest drop since 2006

An uncompleted building is seen next to the Fourth Ring Road in Beijing, China July 16, 2018. REUTERS/Jason Lee/Files Register now for FREE unlimited access to Reuters.com Register April property investment -10.1% y/y vs -2.4% in March Sales by value -46.6% y/y vs -26.17% y/y in March China mortgage loan rate cut may have limited … Read more

Normal still “far away” in Shanghai despite prized ‘zero COVID’ status

Normal still "far away" in Shanghai despite prized 'zero COVID' status

Shanghai goes three days with no new community infections Only a few signs of a gradual re-opening Amcham warns COVID controls hamper foreign investment SHANGHAI/BEIJING, May 17 (Reuters) – Shanghai achieved on Tuesday the long-awaited milestone of three consecutive days with no new COVID-19 cases outside quarantine zones but most residents will have to put … Read more

China’s economy skids as lockdowns hit factories, retailers

China's economy skids as lockdowns hit factories, retailers

April industrial output unexpectedly falls y/y April retail sales fall faster than expected Nationwide jobless rate highest since Feb 2020 Fixed asset investment growth slower than f’cast BEIJING, May 16 (Reuters) – China’s retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and severely disrupted … Read more

Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai aims to reopen more businesses shut by COVID, Beijing battles on

Shanghai malls, shops to gradually resume in-store operations Some Beijing districts extend work-from-home guidance Shanghai lockdown frustrates, infuriates residents Curbs have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub from Monday after weeks in strict … Read more

North Korea reports more deaths, says taking ‘swift measures’ against COVID outbreak

North Korea reports more deaths, says taking 'swift measures' against COVID outbreak

SEOUL, May 15 (Reuters) – North Korea said on Sunday a total of 42 people had died as the country began its fourth day under a nationwide lockdown aimed at stopping the impoverished country’s first confirmed COVID-19 outbreak. North Korea’s admission on Thursday that it is battling an “explosive” COVID-19 outbreak has raised concerns that … Read more

UAE President and pro-West modernize Khalifa dies

UAE President and pro-West modernize Khalifa dies

Khalifa has rarely been seen in public since 2014 Death not expected to change domestic, foreign policy De facto ruler MBZ expected to be chosen president Biden lauds Khalifa as a true partner of US ABU DHABI, May 13 (Reuters) – United Arab Emirates President Sheikh Khalifa Bin Zayed Al Nahyan, a pro-Western moderniser who … Read more

Kids later than sooner. South Korean women freeze eggs as child-rearing costs surge

Kids later than sooner.  South Korean women freeze eggs as child-rearing costs surge

SEOUL, May 13 (Reuters) – In South Korea, fewer women are having children and those who do are in no rush. The sky-high costs of housing and education make financial security a must. Social mores also dictates the need to be married. Lim Eun-young, a 34-year-old public servant, says she is not ready to start … Read more

Australia says Chinese spy ship’s presence off west coast ‘concerning’

Australia says Chinese spy ship's presence off west coast 'concerning'

SYDNEY, May 13 (Reuters) – A Chinese intelligence ship was tracked off Australia’s west coast within 50 nautical miles of a sensitive defense facility, Australia said on Friday, raising concern amid an election campaign about China’s assertive behavior in the region. Prime Minister Scott Morrison said the Chinese navy vessel was not in Australian territorial … Read more

North Korea reports first COVID-19 death after 350,000 sickened with fever

North Korea reports first COVID-19 death after 350,000 sickened with fever

SEOUL, May 13 (Reuters) – At least one person confirmed to have COVID-19 has died in North Korea and millions of thousands have shown fever symptoms, state media said on Friday, offering hints at the potentially dire scale of country’s first confirmed outbreak of the pandemic. About 187,800 people are being treated in isolation after … Read more

At mercy of zealous residential committees, Shanghai’s locked-down vent frustration

At mercy of zealous residential committees, Shanghai's locked-down vent frustration

SHANGHAI, May 12 (Reuters) – Last week, Elizabeth Liu and her husband were excited about the prospect of leaving their Shanghai residential compound for the first time in over a month. All but one building in the compound had just been reclassified as low risk after 14 days of no COVID cases. “My husband put … Read more