.... Factories also laid off workers, at the same pace as July. Meishan terminal at China's Ningbo port

A major terminal at Ningbo-Zhoushan, the world’s third-busiest port, was closed Wednesday after a worker tested positive for the Delta variant of the coronavirus.... The neighboring Long Beach port also has been posting record container volumes. Advertisement China‘s partial port closures come as the peak shipping season gets started, with retailers stocking up for back-to-school and holiday shopping.... Strong consumer demand for imported goods has been driving the record traffic — and contai

BEIJING( Reuters)-China's factory activity expanded at a slower pace in August, while the services sector slumped into contraction, as coronavirus-related restrictions and high raw material prices pressure businesses in the world's second largest economy. The official manufacturing Purchasing Manager's Index( PMI) was 50.1 in August from 50.4 in July, data from the National Bureau of Statistics( NBS) showed on Tuesday. The 50-point mark separates growth from contraction.... Analysts polled by R

— China Daily/ ANN....

BEIJING: Asia’s renewed surge in Covid-19 infections is compounding supply-chain blockages across the world’s biggest source of manufactured goods. After weathering earlier pandemic waves better than other regions, the fast-spreading Delta variant has thrown into turmoil factories and ports in countries that were once among the most successful containing the virus. The snarls in Asia – where the United Nations estimates around 42% of global exports are sourced – risk twisting their way through g

“ Most of the markets have been fortunate in managing COVID well so far.... But as COVID continues to spread, this lucky streak is likely to end for many locations.” BusinessDisneyland has a new annual pass program.... Here’s everything you need to know The new Disneyland Magic Key annual pass program, on sale starting Aug....

A year ago, business was humming for Liang Jiawei, a property salesman in Zhanjiang, a coastal city in southern China.He could sell three apartments in a day without much arm-twisting.... Liang said that he sold only five apartments in April.... May was even worse.“ Prices have come down, but enthusiasm for buying houses still hasn’t returned, ” Mr....