India looks set to be the economic standout in the year ahead, with the central bank forecasting 6% growth for the next fiscal year starting in March.
Smartphone giant is the latest tech firm to lay off workers, as sales and revenue have taken a hit in recent months as China battled Covid outbreaks
There is worry about the threat of a huge number of deaths, while the US voiced concern about virus mutations and the economic impacts, both at home and abroad
Stocks in China suffered their biggest fall in seven weeks, while Hong Kong, Tokyo, Sydney and most of Southeast Asia also declined. Indian markets, however, enjoyed a small rise.
The leader manufacturer of chips for automobiles has shut its plant in Beijing after workers caught Covid last week
China's rocky exit from zero-Covid has forced banks and financiers to dust off plans devised to cope with the health crisis, injecting greater of unpredictability into markets
Health officials are concerned about rural areas, which are likely to see the return of many family members next month, but have had little exposure to the virus since the pandemic erupted
There are fears of severe health impacts and major economic disruption as Beijing and other cities are experiencing huge waves of Covid cases
China is likely to roll out a fourth Covid shot – or second booster – this week for elderly citizens aged 60 and above, plus high-risk groups with serious underlying disease, the Global Times says.
The Chinese capital has been hit hard by a Covid outbreak after its dramatic U-turn on testing and quarantine rules, but the government is urging people not to worry
Firms using a range of strategies to try to keep operations running while Covid spreads at a rapid pace through some Chinese cities
Analysts say China is ill-prepared for a fresh wave of infections, with little exposure to a disease kept largely in check until now