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Fu Chengyu. Photo: VCG

In Profile: The Rise of a State Oil Executive Now Under a Graft Investigation

From studying petroleum engineering in the U.S. to steering two of China’s largest oil companies, Fu Chengyu built his career on market reforms and overseas acquisitions

Global Beauty Giants Regain Momentum in China

Estée Lauder and L’Oréal outpaced China’s broader cosmetics market, while homegrown brand Proya’s underlying sales weakened

INSIGHT
Sep 11, 2026 03:46 PM
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China Finalizes Rules to Overhaul Asset Management Trust Sector

New rules set investment caps and performance fee limits for 25 trillion yuan sector, with firms given until end-2029 to comply

Nov 04, 2026 06:58 PM
The Shenyang Intermediate People’s Court announced the first-instance verdict in the bribery case of Liu Shaoyong on Nov. 3. Photo: CCTV News

Ex-China Eastern Chairman Sentenced to 14 Years for Bribery

Liu Shaoyong was found guilty of accepting more than 67.5 million yuan in illicit payments during his two decades at the helm of two major state-owned airlines

Nov 04, 2026 06:13 PM
File photo: Guo Ningning. Photo: VCG

Fujian Names Former Banker Guo Ningning Acting Governor

The appointment puts Guo on course to become China’s first woman born in the 1970s to hold full provincial rank

Nov 04, 2026 05:19 PM
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China to Accelerate Work on Comprehensive AI Legislation

Economic-planning official says Beijing will also expand rules governing data, computing power and algorithms, with safety standards covering AI’s full life cycle

Nov 04, 2026 12:20 PM
A medical escort explains to an older patient how to collect prescription medication at a traditional Chinese medicine hospital in Beijing. Photo: VCG

China Sets First National Standard for Medical-Escort Services

New requirements limit workers’ duties and put registered organizations at the center of an industry expanding as the population ages

Nov 04, 2026 11:42 AM
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CX Daily: Leapmotor Sees Sales Accelerate, but Profits May Stall in a Saturated Market

Challenges lie ahead for China’s gravity-defying NEV startup as it strives to hit its 1 million vehicle sales target

Nov 04, 2026 09:00 AM
Photo: VCG

China’s Self-Driving Firms Turn to Heavy Trucks for New Growth

Zhuoyu and Pony AI are expanding into highway freight, betting that smart driving technology will help address problems including driver shortages and grueling working conditions

Nov 03, 2026 07:24 PM
Xiao Yuanqi speaks at the Global Financial Leaders’ Investment Summit in Hong Kong on Nov. 3. Photo: Wang Xiaoqing/Caixin

China Regulator Warns AI Investment Boom Crowds Out Traditional Industries

Concentrated capital inflows are raising borrowing costs and debt risks for conventional businesses, Xiao Yuanqi says

Nov 03, 2026 07:00 PM
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Earnings Growth at China-Listed Companies Slows Sharply

Financial-sector profit declines and moderating technology growth weigh on earnings

Nov 03, 2026 04:47 PM
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China to Raise Forex Deposit Reserve Requirement to Curb Yuan’s Rally

PBOC to raise ratio for first time in nearly five years as yuan hits a more-than-four-year high

Nov 03, 2026 04:04 PM
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Book Review: The Outsiders Who Built Apollo

William Cohan’s “Money to Burn” brings back memories of a decade at the firm — and the intellect, grit and unforgiving discipline behind its extraordinary growth

Nov 03, 2026 03:56 PM
At least 25 mid- and senior managers at Sinopec Group have been investigated over the past two years.

Analysis: At Least 25 Sinopec Executives Ensnared in Two-Year Anti-Graft Sweep

The investigations align with multiple rounds of disciplinary inspections by the central government and the state-owned oil giant’s internal party committee

Nov 03, 2026 03:19 PM
Several large vessels under construction at a shipyard in Jiangsu on Oct. 25. Photo: VCG

China Dominates as Global Shipbuilding Orderbook Hits Record

Orders stretch toward 2030 at some yards as tanker demand, aging fleets and geopolitical risks support new vessel construction

Nov 03, 2026 12:55 PM
Photo: VCG

Meituan Unveils New AI Model Trained on Homegrown Chips

Designed to handle long-range agent tasks, LongCat-2.5 aims to help merchants analyze channel profits, detect growth issues and propose strategies for allocating resources

Nov 03, 2026 12:06 PM
Photo: IC Photo

China Prosecutors Detail Data-Sale Networks Linked to Overseas Scams

Data brokers used property listings and sham job ads to supply overseas buyers, exposing citizens to telecom and online scams

Nov 03, 2026 11:14 AM
Guo Yonghang

Former Guangzhou Party Chief Faces Prosecution in Corruption Case

China’s disciplinary watchdog says Guo Yonghang traded official favors for money and valuables and accepted free high-end medical care from business owners

Nov 03, 2026 10:27 AM



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