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

: Analysis: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems
A higher budget deficit-to-GDP ratio belies underlying slowdown in spending growth, although analysts say the government may get more bang for its buck

: Xi, Putin Call for ‘Responsible Dialogue’ to End Ukraine Crisis
Russia also said a position paper on the crisis issued by China last month could ‘be taken as the basis’ to settle the conflict that began more than a year ago

Financial regulators stood at the center of last week’s tumultuous suspension of services that provide crucial price information to traders

: Qutoutiao Becomes Yesterday’s News With Nasdaq Delisting
The former high-flying news aggregator app said it won’t appeal its imminent eviction from the stock exchange for failing to meet several listing requirements

Beijing’s Deaths Outrun Births for First Time in Two Decades

The capital’s permanent resident population fell by 0.2% in 2022, government data show

Caixin-Sinica Business Brief: China Resumes Issuing Visas to Foreigners

Mar 21, 2023 04:43 PM

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: Gallery: Sandstorms Shroud North China
Pollution has soared to hazardous levels across the region, leaving residents in a thick haze on Wednesday morning. China’s national observatory renewed a yellow weather alert, the second highest, through Thursday morning for a wide range of areas in the north. This is the third time sand and dust has obscured the Beijing skyline this year, and PM10 levels reached more than 500 micrograms per cubic meter in provincial-level regions including Tianjin, Hebei and Heilongjiang
Mar 22, 2023 07:48 PM

: Tokyo Electron to Build $167 Million Chipmaking Equipment Plant
The planned facility is expected to begin production in 2025 and will boost the Japanese company’s capacity by 50%
Mar 22, 2023 06:40 PM

: EV-Maker Nio ‘Very Confident’ of Hitting Sales Target, CFO Says
Shares of the automaker jumped as much as 8.6% in early Hong Kong trading, taking its advance in the past two days to about 18%
Mar 22, 2023 05:21 PM

: Hong Kong Says Borrowing Cost Surge Driven by Demand for Cash
The overnight cost to borrow in the interbank market soars 2.53 percentage points to 4.14%, the biggest gain in data going back to 2006
Mar 22, 2023 03:21 PM

: Shanghai Composite Index Rose 0.31% on Wednesday
Shenzhen Component Index closed up 0.61%
Mar 22, 2023 03:03 PM

: Citadel Securities Boosts China Presence as Peers Cut Costs
The U.S. firm, backed by billionaire Ken Griffin, plans to build a bigger mainland business as it hires across Asia
Mar 22, 2023 01:56 PM

: Henan Rural Banking Scandal Claims Another Senior Official
Wu Jinpeng, former deputy chief of Henan Rural Credit Union, turns himself in to authorities investigating multibillion-dollar swindle
Mar 22, 2023 03:33 AM

: Caixin Explains: Why Some Credit Suisse Bondholders Got Wiped Out and Shareholders Didn’t
Swiss authorities ranked holders of $17 billion of additional tier 1 bonds behind equity holders in an unusual reversal of payment hierarchy, which U.K. and EU quickly repudiated
Mar 22, 2023 03:29 AM

: U.S. ‘Guardrails’ to Limit Chipmakers’ Operations in China
Strings attached to grants from CHIPS and Science Act will restrict China expansions by TSMC, Samsung and Intel
Mar 22, 2023 03:08 AM

: Google Suspends Pinduoduo After Finding Malware in App Versions
Chinese shopping app parent PDD pushes back against Google warning just as American lawmakers accuse China companies of threatening national security
Mar 22, 2023 03:02 AM

: Tech Insider: XPeng Warns of Plunging Revenue, Taiwan Chip Exports Sputter
Former China chip giant chief charged with corruption, business-software makers suffer sell-off on news of Huawei’s entrance
Mar 21, 2023 09:09 PM

: Just as China Emerges From Covid, Concerns Grow of a Flu Epidemic
Cases jumped 53% in week ending March 12, with H1N1, or swine flu, the dominant strain, forcing the suspension of some elementary school classes in Beijing and Shanghai
Mar 21, 2023 08:56 PM

: Why Empty Containers Piled Up at Chinese Ports
Glut that emerged in recent months was due to a confluence of factors mostly related to the Covid-19 pandemic, head of customs bureau says
Mar 21, 2023 08:50 PM

: China Imports of Australian Coal Surge After Embargo Lifted
Purchases of the dirty fuel jumped 21% to more than 207,000 tons in February as trade tensions between two countries ease
Mar 21, 2023 07:54 PM

: Gallery: Sandstorms Sweep North China
Since March 10, residents across the region have had to endure haze and pollution amid multiple warnings from the weather authority. On Monday, a yellow wall of sand towering around 100 meters tall devoured Zhangye in Northwest China’s Gansu province. In Xinjiang’s Aksu, a sandstorm brought strong gusts that disrupted traffic. Weather China has reported that regions including Shaanxi, Jilin, and Inner Mongolia this week will continue to be affected
Mar 21, 2023 07:49 PM