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China’s Economy Grows Still-Weak 4.8% in January-March | Business News

[ad_1] By JOE McDONALD, AP Business Writer BEIJING (AP) — China’s economic growth edged up to a still-weak 4.8% over a year earlier in the first three months of 2022 as a wave of coronavirus outbreaks led to shutdowns of industrial cities. Growth crept up from the previous quarter’s 4% following a slump triggered by …

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Shanghai Residents Question Human Cost of China’s COVID Quarantines | World News

[ad_1] (Clarifies outbreak is the worst since Wuhan) SHANGHAI (Reuters) -Lu, 99, was a long-time resident at Shanghai’s Donghai Elderly Care hospital, her loved ones secure that she was getting round-the-clock care at the city’s largest such centre. That was before COVID-19 struck China’s biggest city last month, the country’s worst outbreak since the virus …

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Philippines’ Duterte, China’s Xi Call for to Restraint in South China Sea | World News

[ad_1] MANILA (Reuters) – Philippines’ Rodrigo Duterte and Chinese President Xi Jinping stressed the need to exercise restraint to maintain peace in the South China Sea, Manila’s presidential office said on Saturday. The two leaders held an hour-long telephone summit on Friday, discussing a broad range of topics including concerns over the Ukraine crisis and …

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China’s Xi Strongly Backs Afghanistan at Regional Conference | World News

[ad_1] BEIJING (AP) — Chinese leader Xi Jinping on Thursday issued strong backing for Afghanistan at a regional conference, while making no mention of human rights abuses by the country’s Taliban leaders. Xi pledged China’s support in a message to a gathering of representatives from Afghanistan, China, Russia, Pakistan, Iran, Tajikistan, Turkmenistan and Uzbekistan in …

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Biden to Call China’s Xi to Discuss Economic Competition | Political News

[ad_1] President Joe Biden will speak Friday with Chinese President Xi Jinping to discuss ongoing economic competition between the two countries and Russia’s war against Ukraine. White House press secretary Jen Psaki announced the upcoming phone call in a Thursday statement that said it’s “part of our ongoing efforts to maintain open lines of communication” …

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Oil Tumbles to $100 a Barrel on Ukraine Negotiations, China’s COVID Spike | Economy

[ad_1] The rollercoaster ride of oil prices continued Wednesday – and this time the direction is down. The price of a barrel of oil was trading below $100 for both American West Texas Intermediate crude and the international benchmark Brent. Those were both well below last week, when oil averaged around $115-$125 a barrel and …

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Premier Li Offers China’s Help for ‘Grave’ Ukraine Situation | World News

[ad_1] BEIJING (AP) — China’s premier on Friday called the situation in Ukraine “grave” and offered Beijing’s help in playing a “positive role” for peace while continuing to refuse to criticize Russia. Li Keqiang told reporters at an annual news conference that “we support and encourage all efforts that are conducive to a peaceful settlement …

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China’s Xi Calls for ‘Maximum Restraint’ in Ukraine | World News

[ad_1] BEIJING (Reuters) – Chinese President Xi Jinping on Tuesday described the situation in Ukraine as worrying and called for “maximum restraint,” saying the priority should be preventing the situation there from spinning out of control, Chinese state media reported. Xi, speaking at a virtual meeting with French President Emmanuel Macron and German Chancellor Olaf …

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China’s Exports, Imports Gain in January-February | Business News

[ad_1] BEIJING (AP) — China’s exports rose by double digits in January-February in a sign global demand is reviving while imports also gained despite a downturn in the world’s second-largest economy. Exports grew by 16.3% over a year earlier to $544.7 billion in the two-month period, customs data showed Monday. Imports advanced 15.5% to $428.7 …

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