Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has persevered in China through three years of severe COVID-19 restrictions. But as excitement mounts in global financial markets that the world’s second-largest economy can finally emerge from lockdown next year, the two are packing their bags. “I … Read more

China’s COVID lowers the exact broader business cost of Yum and electric vehicle maker Nio

SHANGHAI, Nov 2 (Reuters) – Chinese electric vehicle maker NIO has suspended production at its factories in the eastern city of Hefei as rising COVID-19 cases and China’s heavy-handed response to outbreaks weigh on increasingly burdensome on manufacturing and the economy. The impact was also felt in the central city of Zhengzhou, where the industrial … Read more