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Demographic trend could lead to major economic challenges; what led to Evergrande’s liquidity crisis; and Beijing sets price controls on Covid tests
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Plus, omicron reaches Beijing; China’s GDP grew 8.1% in 2021; and Evergrande’s automotive unit produces its first car
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Speculation brews that omicron reached Beijing via cross-border delivery; Hong Kong is set to kill thousands of hamsters amid contagion concerns; and rail trade between China and North Korea resumes.
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General manager of Kweichow Moutai Group's sales company, which was part of a probe into corruption at the liquor maker, is believed to have taken his own life; e-commerce and food delivery sectors blamed for fueling plastic waste; and nine Chinese cities confirm omicron cases
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Capital finds local cases of the new variant three weeks before hosting the Winter Olympics; how the pandemic impacted domestic travel; and GDP grew 8.1% in 2021.
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Didi Global may have to take unprecedented steps to carry out its plan to shift its shares from New York with the challenges ahead mounting.
Read the article by Yue Yue, Wei Yiyang and Han Wei: https://www.caixinglobal.com/2021-12-13/didi-may-blaze-new-trail-in-moving-shares-to-hkex-from-nyse-101816731.html
Narrated by Heather Mowbray.
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International travel restrictions tighten as the country battles omicron and delta outbreaks; private tutors get sneaky as the winter holiday nears; and TSMC plans to spend $40 billion to fight the chip shortage.
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What’s the outlook for the much-hyped blockchain-tracked tokens; study finds that half of migrant workers’ school-aged kids live apart from their parents; and how an Omicron outbreak in China could disrupt global supply chains.
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Fertility fund theory sparks heated online debate; fresh graduates flock to public sector and SOE jobs; and Tianjin cancels flights and trains amid growing Omicron caseload
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Further infections detected in Tianjin and Anyang; human error to blame for most university lab accidents; and the country’s biggest tutoring firm dismisses 60,000 staff.
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