Iraq Bulletin

Tag : China


COVID outbreak escalating in Guangzhou, China, as more lockdowns loom

Guangzhou saw its most severe flare-up ever as COVID-19 cases escalated, official data show, as the global manufacturing hub tested its ability to avoid a Shanghai-style citywide lockdown. On Nov. 7, 7,475 locally transmitted infections were reported nationwide, the highest number since May 1, according to China’s health authority. Compared......

COVID curbs and heatwaves hit July industrial profits in China

China’s industrial firms reported a drop in profits in July, reversing previous gains as fresh COVID-19 curbs dragged down demand and squeezed factory margins, while power shortages caused by heatwaves threatened production during the summer. On Saturday, the National Bureau of Statistics reported that profits at China’s industrial firms fell......