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Brief Health Care

China at risk of 1mn COVID deaths

One million Chinese people are at risk of dying from COVID-19 during the coming winter months if the country’s leader Xi Jinping pursues his pivot to remove strict pandemic controls, new modelling shows, reports the Financial Times. In a stunning reversal after protests against Xi’s zero-COVID policy, Chinese officials have over the past week started dismantling the […]

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Brief Health Care

Some cities easing COVID restrictions

Chinese cities accelerated the loosening of zero-COVID restrictions over the weekend, building expectations that Beijing could ditch the pandemic policy that has kept the country isolated for nearly three years and battered the economy, reports the Financial Times. Several Chinese cities have eased controls, even as COVID continues to circulate. China reported 31,824 infections on Sunday for […]

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Brief Health Care

Fosun makes first pharma stake purchase since liquidity crisis

Shanghai Fosun Pharmaceutical Group Co.’s Indian unit Gland Pharma will invest $220 million in acquiring privately held French pharmaceutical company Cenexi and pouring a shareholder loan into the operation as it seeks to expand its presence in Europe, reports Caixin. This is the first asset purchase by the drugmaking arm of conglomerate Fosun International since […]

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Brief Health Care

Covid-19 cases reach record levels in China

China’s new Covid-19 cases hit a record high, testing the government’s push to contain the virus with more-targeted virus controls and avoid damaging the economy, reports The Wall Street Journal. Almost 30,000 locally transmitted infections were recorded for Wednesday, surpassing the previous record in April, when Shanghai’s two-month lockdown severely hurt China’s economy and snarled […]

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Brief Health Care Manufacturing

Foxconn issues apology for pay-related “technical error”

Foxconn said on Thursday a pay-related “technical error” occurred when hiring new recruits at a COVID-hit iPhone factory in China and apologised to workers after the company was rocked by fresh labour unrest, reports Reuters. Men smashed surveillance cameras and clashed with security personnel as hundreds of workers protested at the world’s biggest iPhone plant […]