Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Four Things to Know About Chinese Policy Banks’ Extra $120 Billion for Infrastructure
China is pinning its hopes on an old playbook — government-led infrastructure investment — to lift its economy out of the doldrums

: 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

China Scales Back Its Target for Renewable Energy Through 2025

: Boss Zhipin, Full Truck Alliance Resume New User Registrations
Recruitment app and truck-booking provider report clearing year-long cybersecurity review in sweeping regulatory crackdown

Tianqi Lithium Rolls Out $1.98 Billion Hong Kong Share Sale

Offering will be the biggest of the year in HK as the Chengdu-based company moves to pay off debt from SQM deal, expand capacity and built up working capital

A-Share Database >>

Caixin China Biz Roundup: China Cuts Quarantine Stays for Inbound Travelers

Jun 29, 2022 05:56 PM

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LATEST NEWS

: 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