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Cover Story: The Global Tech Selloff Tests the Economics Behind AI Boom

Anthropic’s IPO filing offers investors a potential valuation benchmark as debt strains, price wars and a cooling Chinese listing market expose the costs of the AI investment race

Photo: VCG

FCC Votes to Ban Chinese Labs From Testing Electronics for U.S. Market

New rules will strip accreditation from labs in countries without mutual recognition agreements, forcing manufacturers to test U.S.-bound devices elsewhere from December 2028

Analysis: China’s Banks Are Flush With Cash but Short of Good Loans

Policy is steering credit toward favored sectors such as technology, as weak loan demand and cheaper bond financing leave banks competing for fewer attractive borrowers

Fu Chengyu

Former Sinopec Chairman Fu Chengyu Under Investigation

China’s anti-corruption authorities announced the probe more than 11 years after his retirement; Caixin sources say it may concern sales-business reforms

Chinese Inverter Makers Reassess U.S. Business as Restrictions Tighten

Sungrow expects its U.S. business to shrink over time as Washington tightens supply-chain rules, while analysts warn of higher costs for buyers

INSIGHT
Sep 11, 2026 03:46 PM
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File photo: Rao Yi (left) and Steve Mao

Cell Press Says Probe Found No Evidence of Cancer Cell Editor Bribery

An outside investigation found no evidence supporting Chinese scientist Rao Yi’s claims that Steve Mao solicited payments; Rao maintains his accusation

Nov 02, 2026 03:53 PM
Photo: IC Photo

China Shifts Main Policy Rate to Overnight Reverse Repo Rate

PBOC formalizes move toward shorter-term rate targeting as overnight funding costs hover around 1.25%

Nov 02, 2026 03:46 PM
A CATL battery on display at an exhibition. Photo: VCG

Xiaomi Diversifies Battery Supply Chain With Sunwoda Deal

The tech giant plans to buy a 5.34% stake in the battery company, reflecting broader efforts by some EV upstarts to reduce heavy reliance on CATL

Nov 02, 2026 03:40 PM
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China’s Manufacturing Activity Returns to Contraction

Weak domestic demand and fading overseas orders weigh on economic activity

Nov 02, 2026 02:43 PM
Subsidies can ease the cost of raising children, but a family-friendly society depends on policies that work throughout everyday life.

Opinion: A Graying China Needs More Than Baby Bonuses

Subsidies can ease the cost of raising children, but a family-friendly society depends on policies that work throughout everyday life

Nov 02, 2026 01:09 PM
Photo: VCG

China Auto Industry Profits Plunge 68%

Rising costs and sluggish demand squeezed margins across the sector in September, with major carmakers including SAIC Motor and Changan Auto reporting falling vehicle sales

Nov 02, 2026 12:32 PM
Graphics: Zhao Lingjun/Caixin

China Issues 18-Point Plan to Protect Workers From AI Job Losses

State Council guidelines call for job-risk assessments of high-impact AI projects and urge employers to give affected workers advance notice and help finding new jobs

Nov 02, 2026 12:07 PM
Chinese President Xi Jinping holds a meeting with German President Frank-Walter Steinmeier in Beijing on the afternoon of Oct. 30, 2026. Photo: Xinhua

China Urges Germany to Reject Protectionism, Deepen Ties

Xi and Steinmeier back expanded cooperation in AI and green industries amid growing trade friction between Beijing and Brussels

Nov 02, 2026 11:47 AM
Xie Weijiang delivers a speech before taking office. Photo: Hunan Daily

Former Power Executive Xie Weijiang Takes Charge of Hunan Government

Xie succeeds former State Grid chairman Mao Weiming as Hunan becomes the latest province to change its government leadership this year

Nov 02, 2026 11:02 AM
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CX Daily: China’s Banks Are Flush With Cash but Short of Good Loans

Policy is steering credit toward favored sectors, as weak loan demand and cheaper bond financing leave banks competing for borrowers

Nov 02, 2026 09:00 AM
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Weekend Long Read: Yasuo Fukuda’s Final Testament ― a Japan That Never Goes to War Again

The former prime minister devoted his final years to keeping dialogue with China alive. His most enduring legacy was an insistence that diplomacy come before conflict

Oct 31, 2026 09:00 AM
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Profile: Liao Min’s Path From Banking Regulator to IMF Nominee

China’s vice finance minister brings experience in U.S. trade talks, sovereign debt restructuring and fiscal policy to his proposed role at the fund

Oct 31, 2026 04:20 AM
China’s electric two-wheeler sales at home fell 4.8% to 48.4 million units in the first three quarters. Photo: VCG

China’s Electric Two-Wheeler Exports Jump 38% on Latin America, Africa Demand

Exports reached $7.3 billion in the first nine months of 2026, offering manufacturers a source of growth as domestic sales declined

Oct 31, 2026 12:32 AM
A production scene inside a company in Nanjing, Jiangsu province, on Sept. 28, 2026. Photo: VCG

Chinese Steelmakers’ Profits Fall 27.4% as Demand Weakens

Demand fell faster than production in the first nine months of 2026, lifting inventories and pushing steel prices to a decade low for the period

Oct 30, 2026 11:47 PM

The Week Ahead (Nov. 2-8): U.S. Midterm Elections Take Center Stage

The ninth China International Import Expo will kick off in Shanghai, and the Standing Committee of the National People’s Congress will hold a session to review several draft laws

Oct 30, 2026 11:19 PM
PAG agreed to acquire 5.5 billion Evergrande Property Services shares from China Evergrande and its wholly owned vehicle, CEG Holdings. Photo: VCG

PAG to Buy 51% of Evergrande Property Services for HK$4 Billion

The sale of a controlling stake in Evergrande Property Services would raise funds for offshore creditors and separate the unit from its defaulted parent

Oct 30, 2026 11:03 PM



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