Author Archives: By JOE McDONALD - AP Business Writer

China’s March exports grow despite virus; imported flat | health

By JOE McDONALD – AP Business Writer BEIJING (AP) – China’s exports surged 15.7% in March over a year ago while imports stagnated amid disruptions stemming from coronavirus outbreaks as the ruling Communist Party enforces a “zero-COVID” strategy to protect everyone isolate case. Exports rose to $276.1 billion despite antivirus controls in Shanghai and other… Read More »

China seeks to limit economic hit from Shanghai shutdown | Health

By JOE McDONALD – AP Business Writer BEIJING (AP) — As millions of people queue in Shanghai for coronavirus tests, authorities are promising tax refunds for shopkeepers in the closed metropolis and keeping the world’s busiest port operating to limit disruption to industry and commerce. The suspension of most activity in China’s most populous city… Read More »

China’s Huawei says 2021 sales down, profit up | lifestyles

By JOE McDONALD – AP Business Writer BEIJING (AP) — Chinese telecom equipment maker Huawei said Monday its sales grew 76% in 2021 despite U.S. sanctions. Huawei’s chief financial officer was released by Canadian authorities last year, ending a standoff with Washington over the tech giant’s deals with Iran. The company is caught amid tensions… Read More »