Caixin

Charts of the Day: China Looms Large in Laos Debt Crisis

The Southeast Asian country’s public and publicly guaranteed borrowings have surged since 2019, reaching 88% of its GDP last year, which was much higher than its regional peers, according to the World Bank

In Depth: Local and National Interests Clash in China’s New Green Power Market

The system has at times suffered from opaque pricing, obstacles to interregional trading, and confusion about the corresponding mechanism for obtaining carbon credits

Caixin China Biz Roundup: China Cuts Quarantine Stays for Inbound Travelers
Jun 29, 2022 05:56 PM
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Top Stories of the Month: China’s Efforts to Prop Up Property Market Fall Short

Government efforts to stimulate the sector have fallen short, forcing localities to turn to stronger measures

Jun 30, 2022 09:30 AM

CX Daily: Four Things to Know About Chinese Policy Banks’ Extra $120 Billion for Infrastructure

Hong Kong and the Chinese mainland will launch the ETF Connect program July 4. Nio denies claims of inflating its revenue and profit

Jun 30, 2022 09:12 AM

Analysis: The Balancing Act Behind China’s New Covid Control Plan

Public health policymakers making adjustments for evolving virus slash quarantine requirements while retaining ‘zero-Covid’ strategy

Jun 30, 2022 07:40 AM

Chinese Electric Vehicle Maker Li Auto to Sell $2 Billion of New Shares

‘At-the-market’ offering in U.S. will raise funds for EV technologies, new-model design and replenishing working capital

Jun 30, 2022 06:10 AM

China’s Central Bank Emphasizes Jobs and Controlling Inflation

PBOC research shows rising pessimism as Covid lockdowns push up unemployment and discourage consumer spending

Jun 30, 2022 03:41 AM

Wealthy Provinces Slash Civil Servant Pay Amid Budget Crunches

Economic disruptions from pandemic controls whack tax revenues, forcing governments to cut bonuses and lower compensation by 20%–30%

Jun 30, 2022 03:30 AM

Chinese Oil Giant Brings Forward Its Key Carbon Deadlines

CNOOC aims to top out greenhouse gas emissions by 2028 and hit net-zero by 2050 in acceleration of climate goals

Jun 30, 2022 03:22 AM

Gallery: Dine-in Services Resume in Shanghai

Restaurants in Shanghai reopened their doors to diners on Tuesday after being closed for more than three months during the city’s strict lockdown. The return of dine-in services brings some relief to restaurant owners, who have had to survive off takeout business since March. Shanghai started to lift its Covid restrictions on June 1

Jun 29, 2022 09:07 PM

Nio Denies Claims of Dodgy Accounting as Stock Tumbles

The electric-vehicle maker’s shares slid more than 11% on Wednesday after a report from short-seller Grizzly Research claimed sales to a related company juiced its numbers

Jun 29, 2022 08:56 PM

Chinese Travel Industry Stocks Take Off After Quarantine Rule Change

Shares of Trip.com and other big names in Chinese tourism rise by 10% or more over the last two days after the government cut the amount of time inbound travelers need to spend in isolation

Jun 29, 2022 08:23 PM

China’s Property Market Has Bottomed Out, Top Developer Says

Vanke’s chairman says pre-owned home sales are rebounding as a result of cities relaxing restrictions on property purchases

Jun 29, 2022 08:19 PM

Globalwafers to Move Into U.S. With New Plant

The facility will produce up to 1.2 million 12-inch silicon wafers per month, with production set to begin in 2025

Jun 29, 2022 07:51 PM

Gallery: Donations Keep Shanghai Stylist Afloat

A hairstylist and his business partner received 50,000 yuan ($7,461) from their grateful customers after the citywide lockdown killed their business. The 24-year-old, who goes by Martin, has lived in Shanghai for eight years and cut the hair of many international customers. From his rural beginnings, Martin learned to speak fluent English and built his customer base to more than 3,000, more than 90% from abroad. Caixin documented his daily life in photos, learning how the Shanghai Covid outbreak affected him and his friends from afar

Jun 29, 2022 07:48 PM

Former Apple Camera-Module Supplier Removed From U.S. Trade Blacklist

Ofilm’s share price surged on Wednesday after its subsidiary was dropped from the U.S. Entity List

Jun 29, 2022 06:58 PM

China Rail Borrowing Shows Sign of Fiscal Push, Beige Book Says

One in five transport firms issued bonds in the three months through June, while some 22% took out a loan, the highest percentage for both metrics since early 2021

Jun 29, 2022 06:54 PM
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