Hong Kong Stocks Sink 4 Percent as China’s Economy Scares Investors

China’s No. 2 leader, Li Qiang, traveled to Switzerland with a message for the titans of the business world gathered for the World Economic Forum. “Choosing the Chinese market is not a risk, but an opportunity,” Mr. Li, China’s premier, told an audience in Davos, Switzerland on Tuesday. But there’s a different sentiment about China playing out in the stock market and it’s not so optimistic. The worries over China’s economy have been visible for months in Hong Kong, where stocks plunged 14 percent last year. The new year hasn’t…

Cathay Pacific Struggles With Aftermath of Covid, and China Crackdown

Few major airlines in the world were hit by the Covid pandemic as hard as Cathay Pacific, the flagship carrier of Hong Kong, or have labored so mightily to recover from it. Its business was decimated by some of the industry’s most expansive flight bans and quarantine requirements. And the pandemic wasn’t the start of Cathay’s troubles. In 2019, when Hong Kong was convulsed by pro-democracy protests, Cathay Pacific was caught in the crossfire with Beijing. Flights were canceled or delayed by airport sit-ins involving thousands of demonstrators, among them…

As Covid Infections Rise, China Rejects a Return to Lockdowns

In December, China abruptly abandoned its draconian “Zero Covid” policies, battered by a surge of infections and rising public anger against lockdowns. Half a year on, Covid cases again are on the rise, but this time the nation appears to be determined to press on with normal life as the government focuses on reigniting economic growth. Though other countries have long settled into such a pattern, it is a shift for China. Until late last year, its national leadership was still ready to lock down whole neighborhoods and districts, even…

China Celebrates Lunar New Year After ‘Zero Covid’ With Caution

Sheng Chun had not visited his parents in their mountain village in southern China for more than three years because China’s “zero Covid” restrictions made travel difficult. Then the country abandoned its stringent pandemic rules, and he decided to take a long-anticipated road trip. With his son and wife, Mr. Sheng, 43, embarked on a two-week journey from Beijing that would cover more than 1,000 miles, through cultural spots like a Ming dynasty village and temples, then finally home for the Lunar New Year. He hoped to later drive his…

China Returns to Davos With Clear Message: We’re Open for Business

DAVOS, Switzerland — China ventured back on to the global stage Tuesday, sending a delegation to the World Economic Forum to assure foreign investors that after three years in which the pandemic cut off their country from the world, life was back to normal. But the Chinese faced a wary audience at the annual event, attesting to both the dramatically changed geopolitical landscape after Russia’s war on Ukraine, as well as two data points that highlighted a worrisome shift in China’s own fortunes. Hours before a senior Chinese official, Liu…

China Reports Nearly 60,000 Covid Deaths Since Lifting Restrictions

China said on Saturday that it had recorded nearly 60,000 fatalities from the coronavirus in the month since the country lifted its strict “zero Covid” policy and accelerated an outbreak that is believed to have infected millions of people. It was the first time China had disclosed a significant amount of Covid-related deaths since the pandemic began. Until Saturday, it had reported a total of only 5,241 Covid-related deaths since the start of the pandemic. China has faced mounting criticism from other countries and from the World Health Organization for…

E.U. Urges Nations to Require Negative Covid Tests for Travelers From China

BRUSSELS — The European Union on Wednesday “strongly encouraged” its 27 member nations to require a negative Covid-19 test for travelers boarding flights from China to the region, amid a surge in coronavirus cases in the country and Beijing’s lifting of its draconian travel restrictions. The bloc’s recommendation, an attempt at a unified policy, came after three major European tourist destinations — France, Italy and Spain — as well as Britain, introduced testing and other requirements for travelers from China. The E.U. move would bring back a tough pandemic-era measure…

China Denounces Covid Testing Rules Imposed on Its Travelers

The Chinese government on Tuesday denounced Covid testing requirements imposed by other countries on travelers arriving from China as unscientific or “excessive,” and threatened to take countermeasures. As China prepares to open its borders later this week, allowing its citizens to travel abroad for the first time since the pandemic began, countries like Canada, the United States, France, Spain, Japan and the United Kingdom have moved to restrict travelers arriving from the country. The countries have cited concerns about a surge in Covid-19 infections in China, the potential risk of…

China to Drop Covid Quarantine for Incoming Travelers

China on Monday announced that travelers from overseas would no longer be required to enter quarantine upon arrival, in one of the country’s most significant steps toward reopening since the coronavirus pandemic began. From Jan. 8, incoming travelers will be required to show only a negative polymerase chain reaction, or P.C.R., test within 48 hours before departure, China’s National Health Commission said. Limitations on the number of incoming flights will also be eased. The travel restrictions had isolated the world’s most populous country for nearly three years. Foreigners were essentially…

From Zero Covid to No Plan: Behind China’s Pandemic U-Turn

The southwestern city of Chongqing was the latest frontline of Xi Jinping’s “zero Covid” war, until it came to epitomize China’s potentially devastating about-face that has cracked the Communist Party’s edifice of absolute control. The city last month was enduring one of the biggest outbreaks cropping up across China, when the national leader, Mr. Xi, ordered officials to continue mass testing, lockdowns and quarantines. Chen Min’er, the Chongqing party secretary, devoutly complied, closing off neighborhoods and ordering the instant construction of a quarantine hospital designed to hold up to 21,000…