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Shanghai has released more than 11,000 recovered Covid-19 patients as infection numbers continued to climb. Wu Qianyu, a senior official with the city’s public health commission, said on Sunday (April 10) that the patients would be put under home quarantine and no further controls should be imposed on them. “Relevant authorities in the areas they live in have to be...
COVID-19 is continuing to subside throughout the world with cases in the past week down to slightly above 1 million a day and deaths under 3,400 though
CX Daily: The Fall Of China’s Last Bitcoin Mining Haven An ethnic Tibetan woman in Sichuan province’s Heishui county carries components of cryptocurrency mining machines that were sent from the Xinjiang Uyghur autonomous region on May 2. Photo: Ding Gang/Caixin Bitcoin / For the past year and a half, the loud whirring of tens of thousands of high-power computers filled a cavernous warehouse round-the-clock, making a stark contrast with the hushed forests of the Ngawa Tibetan and Qiang autonomous prefecture in Southwest China’s Sichuan province. This computational arsenal belonged to a ...
Xpeng’s US$1.98 billion credit line from state-owned banks suggests China is throwing weight behind leading electric vehicle firms Daniel Ren ren.wei@scmp.com © SCMP An Xpeng factory in Guangdong province. The credit line suggests China is ramping up support for leading EV players. Photo: Iris Ouyang Guangdong-based Xpeng Motors has been granted a 12.8 billion yuan (US$1.98 billion) credit line by Chinese state-owned banks. The company, one of three Chinese electric vehicle (EV) start-ups viewed as potential rivals to Tesla, said that it had secured credit from five lende...