Laura He
CNN
Hong Kong
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Past articles by Laura:
People in China are so worried about the economy they’re asking for divine intervention
China’s post-Covid reopening was supposed to be the stimulant that the world needed. But after an early burst of activity, growth in the world’s second largest economy appears to be stalling. → Read More
Ozempic is taking China by storm. Drugmakers are scrambling to boost supplies
Ozempic, originally a medication for treating diabetes, is in high demand worldwide with celebrities and social media users touting it as a miracle drug for weight loss, despite some concerns from medical experts. Now the frenzy is sweeping through China, where being “wafer thin” is a prevailing beauty standard, leading to shortages in the country. → Read More
A barbecue frenzy is gripping China. Can street food revive the economy?
When China was in the midst of a pandemic-induced economic slump in 2020, then Premier Li Keqiang touted the idea of creating jobs by encouraging street vendors to set up shop across the country. That pitch was quickly shot down by close associates of leader Xi Jinping, who characterized the traditional trade as “unhygienic and uncivilized.” → Read More
China is helping to prop up the Russian economy. Here’s how
China, which has declared "no limits" to its friendship with Russia, has thrown the Kremlin an economic lifeline over the past year, tempering the impact of its banishment from the global financial system. → Read More
Alibaba sells remaining stake in top Indian online payment provider Paytm
Chinese e-commerce giant Alibaba has sold its remaining stake in Paytm, India's top digital payment app, as it gradually divests from its Indian investments amid friction between Beijing and New Delhi. → Read More
This Chinese billionaire has lost over 90% of his fortune
The past few years have not been great for the super-rich in China, particularly those who built their fortune in the country's once red-hot property market. → Read More
China posts one of its worst economic performances in decades because of Covid
China's economy expanded by just 3% in 2022, far below the government's own target, marking one of the worst performances in nearly half a century. Growth was impacted heavily by months of widespread Covid lockdowns and a historic downturn in the property market. → Read More
Chinese rocket startup Galactic Energy sends five satellites into space
Galactic Energy, a rocket startup in China, launched five satellites into orbit on Monday, boosting the private company's ambition to become the Chinese rival to SpaceX. → Read More
Alibaba, US-listed Chinese firms make roaring comeback in 2023
Chinese tech giants are witnessing a dream start to the year. → Read More
1 in 5 of China’s urban youth are unemployed. That’s a huge headache for Xi Jinping
The future looked promising for Cherry in May last year, when she secured a prestigious internship at a major software firm, while still studying at a university in Wuhan. The company told her that she could start working for them full time, once she graduates. → Read More
China hits Taiwan with trade restrictions after Pelosi visit
China has suspended some trade with Taiwan in apparent retribution for a visit by the US House Speaker Nancy Pelosi to the self-governing island. → Read More
Heat wave threatens power shortages and higher pork prices in China
A scorching heat wave in China has forced a major manufacturing region to appeal to businesses and households to use less power, while fear of crop failure is sending pork prices soaring. → Read More
Shanghai Disneyland reopens as China relaxes more Covid rules
Shanghai Disneyland will reopen Thursday after a three-month hiatus, as China eases more Covid-related restrictions. → Read More
Port delays are getting worse in Shanghai. That's very bad news for global supply chains
China's strict lockdown in Shanghai is heaping even more pressure on global supply chains. → Read More
China Eastern Airlines grounds 223 Boeing 737-800 aircraft after crash
China Eastern Airlines is grounding dozens of aircraft after a deadly crash earlier this week. → Read More
China pledges 'purification' of the internet ahead of the Beijing Winter Olympics and the Lunar New Year
China's top cybersecurity regulator is vowing to crack down on "illegal" online content as part of a campaign to clean up the internet ahead of the Beijing Winter Olympics and one of the country's most important annual holidays. → Read More
China's economy expanded 8.1% in 2021, but growth is slowing
China's GDP grew at the slowest pace in one and half years in the fourth quarter, as a deepening property crisis, renewed Covid outbreaks, and the government's insistence on strict control measures added to concerns on an already slowing economy. → Read More
Evergrande has defaulted on its debt, Fitch Ratings says
Evergrande, the embattled Chinese property developer, has defaulted on its debt, according to Fitch Ratings. → Read More
US futures and oil plunge as new Covid variant fears slam global markets
Dow futures plunged and oil fell 6% on Friday as the emergence of a new Covid-19 variant rattled global markets. → Read More
Bitcoin falls as China takes aim once again at 'extremely harmful' crypto mining
Chinese authorities are ramping up a crackdown on crypto mining, calling it an "extremely harmful" practice that threatens to jeopardize the country's efforts to reduce carbon emissions. → Read More