CX Daily: What’s Behind China’s Growing Problem With Child Depression
China urges insurers to expedite claims from families of crash victims. Jilin province starts treating Covid patients with Paxlovid
Parents and their kids crowd into the child psychiatry clinic at Peking University Sixth Hospital on Nov. 8. Photo: Fan Qiaojia/Caixin
Depression /
In Depth: What’s behind China’s growing problem with child depression
Cao Qingjiu and his colleagues at Peking University Sixth Hospital see working overtime as the norm. As one of the fewer than 500 psychiatrists in China who focus on children and adolescents, he has a heavy caseload of depressed young people. They account for 70% of the department’s outpatients, he told Caixin.
Not only have case numbers climbed, especially since the pandemic, but children are being hospitalized in growing numbers.
On one day in late January, nine of the 14 children Cao saw had such severe depressive symptoms that they were unable to attend school. And in the hospital, some adolescents over age 13 had to be admitted to the adult unit because the pediatric ward was full.
Crash /
Chinese airline industry reels after Guangxi crash
Chinese airlines’ stock prices fell Tuesday morning after a China Eastern Airlines Corp. Ltd. passenger flight mysteriously crashed the day before and the potential grounding of more than 1,000 Boeing jets further dimmed the outlook for the beleaguered sector.
In Hong Kong, China Eastern shares fell 5.82% to HK$2.59 ($0.33), and Air China Ltd. declined by 1.25% and China Southern Airlines Co. Ltd. by 0.45%.
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FINANCE & ECONOMY
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Economy /
China’s cabinet vows stronger support for economy
China’s cabinet pledged tax rebates to businesses to shore up economic stability and called for targeted measures to boost confidence in capital markets.
Nearly 1 trillion yuan ($157 billion) of tax rebates will be directed to small and micro enterprises and individual business owners, the State Council said Monday at a meeting chaired by Premier Li Keqiang. An additional 1.2 trillion yuan in transfer payments will be allocated to support community-level efforts to implement tax rebates and tax and fee cuts and to ensure employment, according to the meeting.
Covid-19 /
Pfizer Covid drug deployed in virus-hit Chinese province for the first time
Northeast China’s Jilin province has started treating Covid patients with Pfizer Inc.’s new Covid-19 pill, Paxlovid, the first time that the oral Covid-19 drug has been used on the Chinese mainland, as it battles an omicron outbreak that has already surpassed 20,000 cases.
A batch of 10,000 packs of the imported antiviral drug reached the provincial capital Changchun Sunday night, 60% of which were distributed to hospitals across the province for clinical treatment, Zhang Li, vice head of the provincial health commission, told a Tuesday press conference.
Quick hits /
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BUSINESS & TECH
Zijin Mining Group’s booth at an expo in East China’s Fujian province in 2015. Photo: VCG
Gold mine /
Papua New Guinea gold mine set to reopen after foreign owners agree to lower stakes
The largest Chinese-backed gold mine in Papua New Guinea (PNG) is expected to reopen this year, two years after getting mothballed in the wake of a local government takeover, now that Zijin Mining Group Co. Ltd. and its foreign partner agreed to give up half their stake in the project.
A binding “reboot agreement” signed by Zijin, the company’s Canadian joint venture partner, and the PNG government went into effect in early February, the Chinese company said in its annual earnings report (link in Chinese) published Friday.
Corruption /
Former Supreme People’s Court vice president under investigation
A former vice president of China’s Supreme People’s Court is under investigation on suspicion of serious violation of law and discipline, according to China’s top anti-graft watchdog, the Communist Party’s Central Commission for Discipline Inspection.
Shen Deyong was taken away by authorities Thursday, following two of his former secretaries who were taken away in the past two weeks, several people close to the matter told Caixin.
Quick hits /
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Tech Insider /
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GALLERY
Plane wreckage found scattered in Guangxi hills