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

TOP STORIES

: Cover Story: The Challenges Ahead for China’s Digital Yuan
In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure

: U.S. Restrictions on Chip Software Exports Could Bite in the Long Term, Analysts Say
Controls on EDAs could make it harder for China to develop the next generation of semiconductors

China’s Youth Unemployment Rate Rises to Another Record

NBS attributes the high jobless rate among workers under the age of 25 to a slow recovery of the service industry and the large cohort of graduates entering the job market this time of year

: Wuling-GM Venture Speeds Into Indonesia With New Electric Car
The first of the low-cost, two-door mini vehicles rolled off the production line last week

Flash Floods in Southwest China Kill Seven as Tourists Ignore Warning

Signs around the Longcao valley rapids near Chengdu warn of the danger of flooding, but hordes made the trip regardless

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Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings

Aug 15, 2022 07:59 PM

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LATEST NEWS

: Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings
More Chinese companies are turning to the Asian financial hub as the threat of U.S. delisting looms; Huawei reverses six-quarter sales slump; and the latest on the Henan banking scandal
Aug 15, 2022 07:59 PM

: Gallery: Yangtze Brought Low by Summer Drought
Heatwaves and sparse rain have left China’s longest river parched, with water volumes along its longest sections in Jiujiang, Nanjing and Wuhan dropping to record lows in July. The river’s basin usually floods at some point in the summer, when its water levels peak in August
Aug 15, 2022 07:53 PM

: Gallery: China Defeats Japan in Volleyball Final
China beat Japan 3-0 in the men’s final of the 2022 Asian Volleyball Confederation Cup to claim the crown for the second time in a decade. The Chinese team went into the final unbeaten throughout the tournament in Nakhon Pathom, Thailand, and maintained a clean sweep over their East Asian neighbor. The Chinese men’s team first became AVC champions in 2012
Aug 15, 2022 07:38 PM

: Editorial: Promoting Greater Fiscal Discipline in Government
Greater government fiscal discipline involves complex redistributions of benefits, but in the end it will improve China’s national governance capability
Aug 15, 2022 06:49 PM

: Shanghai Schools to Reopen After Classes Suspended in March
Kindergartens, primary and secondary schools will reopen in September. Students will have to produce a negative Covid test result every day to attend classes
Aug 15, 2022 03:48 PM

: China’s Stock Connect Program Adds Trading Days in Holiday Fix
The new measure will cut the number of days when trading isn’t allowed by about half
Aug 15, 2022 03:45 PM

: China Shocks With Rate Cut as Data Shows ‘Alarming’ Slowdown
The PBOC lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%
Aug 15, 2022 03:42 PM

: Shanghai Composite Index Ended Nearly Flat on Monday
Shenzhen Component Index closed up 0.33%
Aug 15, 2022 03:03 PM

: China to Allow Insurers to Issue Perpetual Bonds to Replenish Capital
Measure will ease pressure on the industry, life insurers in particular, after the more stringent core-capital standards came into effect earlier this year
Aug 13, 2022 07:16 PM

: Sinopec, U.S.- Listed China Stocks Wobble Amid NYSE Exit Woes
China Life and PetroChina announced plans to de-list their U.S. shares amid an ongoing spat over audits and rising tensions between Beijing and Washington
Aug 13, 2022 06:48 PM

: China Hits ‘Liquidity Trap’ as Low Rates Fail to Spur Bank Loans
Despite banks being flush with cash, weak economic growth and turmoil in the property market means they are reluctant to lend
Aug 13, 2022 06:37 PM

: Weekly Must-Read: Graft Scandal Casts Long Shadow Over China’s Chipmaking Ambitions
Wave of detentions and probes of executives call into question the future of the largest chip investment fund and the domestic industry
Aug 13, 2022 06:01 PM

: Weekend Long Read: What Challenges Await Singapore’s New Leadership
With a clear succession line in place, the country’s fourth-generation leaders led by Lawrence Wong are poised to tackle widening inequality at home and contentious geopolitics marked by China-U.S. tensions in its backyard
Aug 13, 2022 10:00 AM

: Huawei Reverses Six-Quarter Sales Slump as Diversified Businesses Offset Sanctions
Revenues for smartphone giant Huawei rise 1.4% in the second quarter on gains in other its business lines; Revenues still down 5.9% in the first half from year ago
Aug 13, 2022 04:37 AM

: Battery Giants, Hyundai Concerned by U.S. Moves on China Supplies
South Korean EV industry frets over proposed U.S. tax credits aimed at boosting America’s EV production and limiting use of Chinese materials; South Korean trade officials warn U.S. plans may violate international trade rules
Aug 13, 2022 01:14 AM