State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, two people with knowledge of the matter said, reports Reuters. Sihuan is attractive to China Resources (Holdings) Co Ltd, they said, due to sharp growth for […]
Category: Health Care
We always like to be contrarian when possible, and in light of that, we would dare to predict that the lockdown in Shanghai is likely to ease next week, and there will be progress in terms of control of the situation in the rest of China. This is a gamble, but it would appear from […]
A meeting of China’s top leadership has reiterated the country’s commitment to reaching its target of zero Covid-19 cases. The meeting of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee was chaired by Xi Jinping, general secretary of the CPC Central Committee, reports Xinhua. The country is […]
European business leaders in China have stated that the current zero-Covid policy in place in the country is putting foreign investment at risk, as strict lockdown measures pushed the Chinese services sector to its weakest level of activity in more than two years, reports the Financial Times. Twice as many European businesses are weighing a […]
The politburo held a meeting on Thursday and issued a very clear statement on the pandemic, indicating absolutely no flexibility whatsoever with regard to the “dynamic zero” policy. The core reasons given are a low vaccination rate among older people nationwide and inadequate medical facilities in much of the country. And while that is true, […]