China bach

The coronavirus pandemic could cost China the equivalent of 2.7 per cent of its gross domestic product this year, although the economy may still grow by over 8 per cent, according to a new study by Chinese and American researchers. The industrial and processing sectors are likely to bear the brunt of the impact, with coal, ore, metal, electricity, gas and food producers expected to see the value of their output fall by between 2.8 and 5.4 per cent, said the team from the Chinese Academy of Sciences’ Centre for Forecasting Science and the University of Kansas. Sectors and companies that were closely linked to the global economy would be the worst affected, the researchers said in a peer-reviewed paper published in China Economic Review on Saturday. They forecast the total cost of the pandemic to China in 2021 at between 1.2 and 2.7 per cent of GDP. Based on the value of its economy in 2020 – 101.6 trillion yuan (S$21 trillion) – that would represent between 1.2 trillion and 2.7 … [Read more...] about Coronavirus could cost China $556b in 2021, but its economy is still expected to grow

BEIJING: China's men's soccer team have completed their quarantine after returning from Dubai last month and will go back to their respective clubs, the team said on Monday. The team ended their two-week medical quarantine after all players tested negative for COVID-19, the Xinhua news agency reported. The 25-man squad has been in self-isolation in a hotel in Sanya since their March 23 return from their training camp in Dubai. "Our Team had COVID-19 tests right upon arrival in Sanya, and the results were all negative," Team China said in a social media post. "We had coronavirus tests again on Sunday before the end of the 14-day quarantine, which showed the same results. "All the players will return back to their clubs," it added. China postponed all domestic games in January and banned the entry of foreigners in the country last month in a blow to hopes that a start to the new Chinese Super League (CSL) season was on the horizon. Several CSL teams, without their … [Read more...] about China players join clubs after completing quarantine

NEW YORK: Since Chinese officials disclosed the outbreak of a mysterious pneumonia-like illness to international health officials on New Year’s Eve, at least 430,000 people have arrived in the United States on direct flights from China, including nearly 40,000 in the two months after President Trump imposed restrictions on such travel, according to an analysis of data collected in both countries. The bulk of the passengers, who were of multiple nationalities, arrived in January, at airports in Los Angeles, San Francisco, New York, Chicago, Seattle, Newark and Detroit. Thousands of them flew directly from Wuhan, the center of the coronavirus outbreak, as American public health officials were only beginning to assess the risks to the United States. Flights continued this past week, the data show, with passengers traveling from Beijing to Los Angeles, San Francisco and New York, under rules that exempt Americans and some others from the clampdown that took effect on Feb 2. In all, … [Read more...] about 430,000 people have travelled from China to US since coronavirus surfaced

HONG KONG: Three decades ago Liaoning FC were the standard bearers of Chinese football, sweeping aside all before them domestically and across Asia, but their 67-year history may soon be consigned to the scrap-heap as financial woes threaten to bring them down. Six league titles in seven years, plus two Asian Club Championship final appearances, marked Liaoning out as one of the region's top outfits but recent times have not been as kind. Liaoning have dropped down to China's second tier and now stand on the cusp of closure as financial issues start to affect the game outside the Chinese Super League, the top flight of the country's professional pyramid. Headline-grabbing transfer fees and mammoth salaries have lured some of the sport's biggest names to China in recent seasons, even as authorities have sought to curb extravagance. Regulations have continually been updated in a drive to stop clubs spending beyond their means and encourage owners to invest in development rather … [Read more...] about China’s once-dominant Liaoning face closure as players go unpaid

BEIJING: Mainland China reported 30 new coronavirus cases on Saturday (Apr 4), up from 19 a day earlier as the number of cases involving travellers from abroad as well as local transmissions increased, highlighting the difficulty in stamping out the outbreak. The National Health Commission said in a statement on Sunday that 25 of the latest cases involved people who had entered from abroad, compared with 18 such cases a day earlier. Five new locally transmitted infections were also reported on Saturday, all in the southern coastal province of Guangdong, up from a day earlier. The mainland has now reported a total of 81,669 cases, while the death toll has risen by three to 3,329. READ: China mourns thousands who died in country's coronavirus epidemic Though daily infections have fallen dramatically from the height of the epidemic in February, when hundreds of new cases were reported daily, Beijing remains unable to completely halt new infections despite imposing some of the … [Read more...] about China sees rise in new COVID-19 cases