The news this week revolved around the three pillars of the year—virus, economy and Ukraine—with creeping developments on all three. The virus started to impact on Beijing, raising the specter of the capital experiencing the same lockdowns and dislocation that Shanghai has experienced over the past five weeks. This is a serious challenge to the […]
Category: Health Care
The purchase of a German medical device maker by a Chinese company has been stopped by the German government due to public safety concerns, reports Reuters. Beijing-based Aeonmed Group, which also makes medical devices, is prevented from purchasing Heyer Medical AG based on a government assessment that the takeover posed dangers to public safety. The […]
Chinese on-demand delivery giant Meituan has temporarily closed its Beijing community group-buying service, with speculation that it could be related to the city’s recent Covid-19 cases, reports Caixin. “From April 26, the pickup station of your choice will halt services temporarily, to ensure optimal user experience,” Meituan said in a notification published Monday both on […]
China announced mandatory Covid testing in Beijing’s Chaoyang district alongside lockdowns of several areas of the city as the country tries to prevent another situation like the one currently taking place in Shanghai, which has been in lockdown for weeks, reports Bloomberg. Worries that the country’s strict Covid Zero policies, which rely on lockdowns and […]
The key event of the week from a macro perspective was a speech by the Chinese leader Xi Jinping at the Boao conference in Hainan on Thursday in which he proposed a Global Security Initiative. It is sort of strange that he did it by video when he was just in Hainan himself a couple […]