Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Chinese Image Providers Shut Down for ‘Illegal’ Work With Foreign News
Shanghai Court Freezes Assets of Wanda Group Founder’s Son Wang Sicong
Xiaomi Budget Brand Redmi Releases Cheaper Than Expected 5G Smartphone
LATEST
Hillhouse-Backed Genor Plans $200 Million Hong Kong IPO
GitHub Looks to Open Subsidiary in China
5G Handsets Grow As Proportion Of China’s Sluggish Smartphone Market
China Executes Man Who Killed 3 Fearing Wife’s Forced Abortion Under One-Child Policy
Agriculture Insurance Companies Take A Hit From African Swine Fever
Tencent-Backed News App Denies Explosive Fraud Allegations From U.S. Due-Diligence Firm
Defying Sentiment, WeWork’s China Rival Files for New York IPO
Electric Car Maker Nio Cuts 141 Jobs at North American Headquarters
Huawei Wins Telefonica Deal to Help Build German 5G Network
China Unveils First 3D Images From Newest Earth Observation Satellite
Tesla to Raise Prices in China Again, Sources Say
Didi Considered Safest Ride-Hailing Platform Despite Murders, Survey Shows
Risks and Benefits of China’s Private Sector Bailout
Xiaomi Budget Brand Redmi Releases Cheaper Than Expected 5G Smartphone
Major Chinese Freight Line Sees Shipments Fall 8% Amid Slumping Coal Demand
Sales of Chinese-Made Excavators Slow Amid Cooling Infrastructure Investment
BAIC Slump Persists With Bleak November NEV Figures
Shanghai Court Freezes Assets of Wanda Group Founder’s Son Wang Sicong
ByteDance Eyes Another TikTok-Like Success With New Music App
Chinese Cellphone Maker Oppo Expands Smart Hardware Offerings
Hong Kong-Listed Rare Earth Stock Surges 120% After Xi Visit

By Zhao Runhua / May 21, 2019 02:05 PM / Business & Tech

Photo: IC Photo

Photo: IC Photo

As U.S.-China trade tensions continue, markets are becoming more sensitive to policy signals.

This time, the industry surrounding rare earths – which produces materials used in phones, electric car batteries and LED devices – is in the spotlight.

The stock price of China Rare Earth, a Hong Kong-listed rare earths company specializing in mining and production, has surged roughly 120% at the time of this post.

The surge happened after President Xi Jinping’s Monday visit to a rare earths enterprise in Jiangxi province, which was widely covered by Chinese media including the state-run Xinhua News Agency.

Many industry watchers believe the visit signals China's intention to further support the industry to hedge risks brought about by the trade war.

Rare earths companies listed on the Chinese mainland are also showing strong performances.

Related: China Became Net Importer of Rare Earths in 2018
Share this article
Open WeChat and scan the QR code