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Chinese liquor and e-cigarette shares fall amid state ‘vice industry’ crackdown

Investors fear sectors may be next target after Beijing’s crackdown on digital gaming and tech companiesChina’s liquor and e-cigarette companies have emerged as the latest market casualty in Beijing’s crackdown on “vice industries” after reports from state media that suggest they could be the next targets for stricter regulation.Shares in e-cigarette...

‘Bad faith’ US prosecutors misled Canada in Huawei case, court hears in final arguments

Lawyers for Meng Wanzhou, whose detention has thrown US-China feud into focus, urge judge to throw out extradition requestLawyers for Meng Wanzhou say American prosecutors acted in “bad faith” and abused the Canadian justice system when they pursued the Huawei chief financial officer, in final arguments of the telecoms executive’s closely watched extradition...

With Delta variant spreading is China ‘zero tolerance’ approach over?

Now it’s clear the virus is not going away debate about what approach the country should adopt next is emergingCoronavirus – latest updatesSee all our coronavirus coverageAs the highly transmissible Delta variant continues to spread across at least 17 provinces, China is facing a new dilemma: is its once-successful “zero tolerance” approach to containing...

Chinese services activity accelerates, but Delta variant concerns remain – business live

The latest coverage of the world economy, financial markets, and business. 8.37am BST More passengers took to the skies with Ryanair in July. 8.24am BST Concerns about the Delta variant don’t appear to be weighing on Asian stock markets today, which have been moving towards one-week highs. After a hesitant start to trading in Asia, stocks had bounced...

China shuts down transport routes as it battles worst Covid outbreak in months

Every province has advised residents not to leave as flights are cancelled and Beijing suspends more than a dozen rail linesCoronavirus – latest updatesSee all our coronavirus coverageChina has dramatically tightened travel restrictions as it seeks to control the country’s worst outbreak in months, with hundreds of Delta variant cases linked to airport...

Coronavirus live news: China sees most local cases since January; Biden rolls out more Covid aid

Teenagers in UK could be given green light for vaccine; US moratorium on evictions; Sydney man in his 20s dies from virusUS Covid hospitalisations rise as doctors say patients are unvaccinatedNicola Sturgeon expects jab to be recommended for over-16sNew York to require vaccination for indoor dining and eventsHopes UK vaccine trial in pregnant women...

Tencent curbs on gaming time will shock markets but please many parents

China’s regulators are on the march again but moves to restrict children’s access may be welcomed by manyChina’s Tencent tightens games controls for childrenChina’s regulators are on the march again, pushing one of the country’s most valuable technology companies, Tencent, into announcing fresh curbs designed to limit the time children spend playing...

Future BP dividend hikes will test investor commitment to its green plan

If the price of oil rises further, the firm’s move away from oil and gas output will fuel doubtsBP raises dividend and unveils share buybackIt’s hard to keep up with oil companies’ dividend policies. One minute they’re slashing payments to shareholders in the face of a pandemic that, supposedly, had permanently lowered the outlook for oil prices. The...

China’s crackdown on tutoring leaves parents with new problems

Public largely sceptical about effectiveness of move last month aimed at reducing pressure in hyper-competitive education fieldIn 2018, Ms Hu spent a third of her annual income sending her child to summer school in Shanghai. In the following year, the cost went up. Still, she and her partner paid the fees, such is the competitiveness in Chinese children’s...

China’s Tencent tightens games controls for children after state media attack

Article called online gaming ‘spiritual opium’ in what many fear is latest target of regulatory interferenceTencent, the Chinese tech giant, has announced it will curb the time children spend playing its flagship computer game after its shares were sent into a tailspin by state media attacks againstthe gaming industry for peddling “spiritual opium”.In...

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