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The Latest Breaking News from Guangdong

Guangdong Racks Up $22 Billion Bill Funding ‘Zero Covid’

Local governments’ coffers bore the brunt of the spending, which included mass testing and vaccination campaigns

Caixin Global

Younger Chinese are spurning factory jobs that power the economy

Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province.

Reuters

Li Xi gets graft-busting role on China's new Standing Committee

Li Xi, the Communist Party chief of the economic powerhouse Guangdong province, assumed two new titles on Sunday when he was elevated to the elite Politburo Standing Committee and put in charge of the party's influential graft-busting body.

Reuters

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China's 'liberal' Wang Yang seen as possible premier as reshuffle looms

When Wang Yang was Chinese Communist Party boss of economic powerhouse Guangdong province, the man now considered a top contender to be China's next premier displayed a liberal streak that has been less visible since Xi Jinping took power.

Reuters

Sick IPO? Clifford Medical Eyes Listing Despite Huge Reliance on Single Hospital

Key Takeaways: Clifford Medical has filed for a Hong Kong IPO, even though its financials have been volatile in recent years and a single hospital contributes 94% of its revenue The company has a high debt burden due to its need to invest heavily in capital-intensive assets like medical facilities…

Benzinga

Daily PCR tests in China’s Shenzhen as zero-Covid policy continues

While a growing number of countries are dropping regulations for the Covid-19 pandemic, most regions in China are still imposing strict quarantine and testing policies, despite public complaints. In southern Guangdong province, the preventive measures are stringent, and a recent outage of the province’s Covid pass in the industrial city…

France 24

Tropical Storm Ma-on barrels towards Hong Kong, Guangdong province

Several cities in southern China raised their cyclone warning signals on Wednesday, bracing for Tropical Storm Ma-on, which is expected to make landfall along the coast of Guangdong province on Thursday.

Reuters

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12 Bodies Recovered After Crane Sinks in the South China Sea

The floating vessel suffered a direct hit by Typhoon Chaba off the Guangdong coast

Caixin Global

China Lashed by Year’s First Typhoon, Record Rains Forecast

China's first typhoon of the year brought gales and rain to its southern shores on Saturday, as forecasters warned of record rainfall and high disaster risk in provinces including Guangdong, the country's most populous. Typhoon Chaba, the Thai name for the hibiscus flower, was moving northwest at 15 to 20…

Asharq Al-Awsat

China lashed by year's first typhoon, record rains forecast

Reuters

Hundreds of thousands evacuated in China amid heavy rains, floods

Southern China is experiencing its heaviest rainfall since 1961, with downpours causing serious floods and landslides.

Al Jazeera

Hundreds of Thousands Evacuated in China after Heaviest Rains in Decades

The heaviest rainfall in decades has triggered floods and landslides in southern China, forcing the evacuation of hundreds of thousands of people, state media reported. The downpours have dangerously swelled waterways in the low-lying Pearl River basin in recent days, threatening manufacturing, shipping and logistics operations at a time when…

Asharq Al-Awsat

World’s longest glass-bottom bridge opens in Vietnam

New bridge beats China’s 526m-long structure in the Huangchuan Three Gorges area of Guangdong, which opened in September 2020

The Independent UK

CNOOC Kicks Off Subscription for $5.1 Billion Shanghai IPO

State oil giant selling more than 5% of its equity plans to use proceeds for global project development including fields in Guangdong and Guyana

Caixin Global

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Benzinga

Yum China Stock Slides As COVID-19 Resurgence Disrupts Operations

Yum China Holdings Inc (NYSE:YUMC) said its first-quarter fiscal 2022 operations are significantly impacted by the highly transmissible Omicron variant causing outbreaks across China, including economically important regions of Guangdong, Shanghai, Shandong, and Jilin. The company noted quarter-to-date case counts for 2022 have surpassed that of the full year 2021. Yum China's same-store…

Asharq Al-Awsat

China Seeing New Surge in COVID Cases Despite ‘Zero Tolerance'

China is seeing a new surge in COVID-19 cases across the vast country, despite its draconian “zero tolerance” approach to dealing with outbreaks. The mainland on Monday reported 214 new cases of infection over the previous 24 hours, with the most, 69, in the southern province of Guangdong bordering on…

Caixin Global

Guangdong Power Rationing Totaled 66 Days in 2021

Amid worst electricity shortage in a decade, the maximum load for the province’s power grid surged to record highs seven times

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