China

China's foreign trade up 7.9 percent in first four months

BEIJING, May 9 (Xinhua) -- China's total imports and exports expanded 7.9 percent year on year to 12.58 trillion yuan in the first four months of 2022, official data showed Monday.

In U.S. dollar terms, total foreign trade came in at 1.98 trillion U.S. dollars in the period, up 10.1 percent year on year, according to the General Administration of Customs.

Exports grew 10.3 percent year on year to 6.97 trillion yuan, while imports rose 5 percent to 5.61 trillion yuan in the January-April period, leading to a trade surplus of 1.36 trillion yuan, the data showed.

Shanghai tightens lockdown despite falling COVID cases

BEIJING (AP) — Authorities in Shanghai have again tightened anti-virus restrictions, just as the city was emerging from a month of strict lockdown due to a COVID-19 outbreak.

Notices issued in several districts said residents were ordered to stay home and are barred from receiving nonessential deliveries as part of a “quiet period” lasting at least until Wednesday. The tightened measures could be extended depending on the results of mass testing, the notices said.

China prepares to launch Tianzhou-4 cargo spacecraft

WENCHANG, Hainan,May 7 (Xinhua/APP): The combination of the Tianzhou-4 cargo spacecraft and a Long March-7 Y5 carrier rocket has been transferred to the launching area of the Wenchang Spacecraft Launch Site, the China Manned Space Agency (CMSA) said Saturday.

The CMSA said the Tianzhou-4 cargo spacecraft will be launched in the near future at an appropriate time.

The facilities and equipment at the launch site are in good condition, and various pre-launch function checks and joint tests will be carried out as planned, the CMSA added.

Beijing loyalist John Lee elected as Hong Kong’s next leader

HONG KONG (AP) — John Lee was elected as Hong Kong’s next leader Sunday, after winning over 99% of votes cast by a largely pro-Beijing election committee.

Lee received 1,416 votes in the chief executive election, far exceeding the 751 votes he needed to win and the highest support ever for the city’s top leadership position. The Election Committee’s nearly 1,500 members cast their votes in a secret ballot Sunday morning.

Asian Games postponed amid COVID surge

Beijing, May 6 (PTI) The 2022 Asian Games, which were scheduled to take place in Hangzhou in September, were on Friday postponed amid a surge in COVID-19 cases in China.

According to state-run CGTN TV, the Olympic Council of Asia has postponed the 19th edition of the multi-sports Games, the second biggest sporting event after the Olympics in size.

The Games were scheduled to take place from September 10-25 in the capital of Zhejiang province, about 175 kilometres southwest of Shanghai.

Pakistan export to China up nearly 17 percent in first quarter

BEIJING, May 6 (APP): Pakistan's export to China crossed $ 1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per General Administration of Customs of the People Republic of China (GACC).

According to data from GACC, in the first three months of this year, China's exports to Pakistan also increased 28.69 percent amounting to $6.058 billion as compared with the previous year which was $ 4.70 billion.

As Beijing outbreak persists, China hits back at 'zero COVID' doubters

BEIJING/SHANGHAI, May 6 (Reuters) - Residents of Beijing fretted over anti-virus restrictions curbing their movement while also worrying about the dozens of new COVID-19 cases reported daily, as China's leaders threatened action against critics of their zero-tolerance COVID policy.

Incurring a heavy economic cost and facing rare bursts of public criticism on its tightly-controlled internet, China is increasingly isolating itself from a world in which COVID restrictions are becoming a thing of the past.

Asian stocks follow Wall St down as rate hike worries grow

BEIJING (AP) — Asian stocks followed Wall Street lower Friday as fears spread that U.S. interest rate hikes to fight inflation might stall economic growth.

Shanghai, Hong Kong, Seoul and Sydney declined. Tokyo edged higher as trading resumed after a holiday.

Wall Street’s benchmark S&P 500 index plunged 3.6% on Thursday for its biggest one-day loss in two years as optimism that drove the previous day’s rally evaporated.

53 dead in China building collapse, search for trapped ends

BEIJING (AP) — A building collapse one week ago in central China killed 53 people, state media reported Friday as the search of the large pile of debris ended after rescuers found 10 survivors.

Authorities said at a news conference that all the missing had been accounted for as of 3 a.m., state broadcaster CCTV said in an online post.

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