china

Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan, one of the banks said on Monday. The default comes after Luckin, a major rival to Starbucks …

A medical worker in a protective suit inspects a CT scan image in a ward at the Wuhan Red Cross Hospital in Wuhan, Hubei Province, China, February 24, 2020.  Wuhan doctor Ai Fen, who expressed early concerns about the coronavirus to the media, has disappeared and is believed detained by Chinese authorities. Fen, the head …

World Health Organization director Tedros Adhanom Ghebreyesus attends a news conference on the outbreak of the COVID-19 coronavirus in Geneva, Switzerland, March 16, 2020. Senator Martha McSally on Thursday called on the director of the World Health Organization to step down, saying the organization covered up the extent of the spread of the coronavirus, which …

Michael J. Ryan, Executive Director of the WHO Health Emergencies Programme, attends a news conference on the coronavirus in Geneva, Switzerland, February 24, 2020. Dr. Michael Ryan, executive director of the World Health Organization’s Health Emergencies Program, defended China on Thursday against accusations that the country has underreported cases and deaths from the Wuhan coronavirus …

N95 respiration masks  Health care manufacturer 3M has resisted pressure from the White House to import about 10 million N95 respirator masks from the company’s hub in Singapore originally destined for Asian countries, in part due to concern for health care workers in those countries, the Financial Times reported on Friday. While 3M agreed to import …

China’s manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed Tuesday, but an industry group warned the economy has yet to fully recover. The ruling Communist Party is trying to revive the world’s second-largest economy after declaring victory over the coronavirus even as the US and …

The city at the center of China’s virus outbreak was reopening for business Monday after authorities lifted more of the controls that locked downs tens of millions of people for two months. “I want to revenge shop,” one excited customer declared as she traversed one of Wuhan’s major shopping streets, Customers were still scarce, though, …

President Trump tweeted early Friday morning that he had “a very good” phone call about coronavirus with Chinese President Xi Jinping, signaling a more conciliatory tone between the two countries despite heightened tensions arising from competing accusations of culpability for the onset of the virus. “China has been through much & has developed a strong …

A traveler from Australia is tested for coronavirus after arriving in Shanghai, China, March 21, 2020. China is temporarily closing its borders to all foreigners in an attempt to prevent the resurgence of coronavirus, the Ministry of Foreign Affairs announced Thursday. “The suspension is a temporary measure that China is compelled to take in light …

After two months of being shut down due to the rapid spread of coronavirus, Chinese officials announced Thursday that they are planning to reopen 205 cinemas on Saturday. The teeming metropolis of more than 24 million people is one of the first major cities to reopen multiplexes to the public after many of the outlying …