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Shanghai Man: Crypto recovers, disasters strike, and China’s crackdown moves to other sectors

It was a tumultuous week in China outside the financial world with severe flooding hitting Zhengzhou and typhoon In-Fa lashing into cities around Shanghai. Even worse, a COVID-19 Delta-variant outbreak in Nanjing is now threatening to disrupt the relatively open lifestyle that residents have enjoyed since strict anti-infection measures got the initial outbreak under control in early 2020.

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Could sympathy for debtors help boost consumption in China?

Malaysia’s daily new Covid cases per million people is now one of the highest globally