Short news on China - 7 January 2020
Updated: Jan 7
63 New Coronavirus Infections in Hebei Including 20 Locally-transmitted
The Provincial Health Commission in northern China's Hebei province reported on Wednesday, that Hebei province had 63 new confirmed COVID-19 cases one day before, thereof 20 local transmissions and 43 asymptomatic cases.
In Shijiazhuang, the provincial capital of Hebei 300 km southwest of Beijing, passenger train services have been suspended. In-person school classes will be discontinued and nucleic acid tests for the complete city will be carried out. Both measures take effect on Wednesday as reaction to the new emerged contractions, according to the Provincial Health Commission.
A team from the World Health Organization with mission to investigate the origin of the Coronavirus were stopped from entering China due to unapproved visas, according to the Guardian. Two team members already departed by the time they received the information.
Jane, C. (2021, January 6). Coronavirus: China raises alarm after 63 local infections found in Hebei province on one day. South China Morning Post.
Hua, X. (2021, January 6). Update: China's Hebei reports 14 new locally-transmitted COVID-19 cases. Xinhua.
Hua, X. (2021, January 6). China's Hebei reports 20 new locally-transmitted COVID-19 cases. Xinhua.
Boseley, S. (2021, January 5). China blocks entry to WHO team studying Covid's origins. The Guardian.
NYSE Blowing Hot and Cold on Plan to Delist Chinese Telecom Giants
An Executive Order issued by the White House under Donald Trump on 12 November 2020 meant to put a hold to American investors that planned "Investments that Finance Communist Chinese Military Companies". The delisting efforts were abruptly reversed only five days after the process started.
The presidents Executive Order goes into effect on 11 January 2021 and bans American investors from investing into securities originating from Chinese firms that directly support the People's Republic of China's military, intelligence, and security apparatuses.
The New York Stock Exchange started the delisting process of the three Chinese state-owned and oligopoly-like telecom giants China Mobile Limited, China Unicom (Hong Kong) and China Telecom Corporation Limited on the first day of the year 2021 just to make a sudden about-face only five days later.
Stocks of all three publicly traded telecom companies experienced a bull run and jumped between 5-6%.
Executive Order on Addressing the Threat from Securities Investments that Finance Communist Chinese Military Companies. (2020, 12 November). The White House.
Reuters Staff. (2021, January 1). NYSE starts process of delisting three Chinese telco companies. Reuters.
Zhao, S. & Tu, L. (2021, January 5). NYSE Abruptly Reverses Plan to Delist Three Chinese Telecoms. Bloomberg.