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

TOP STORIES

: North Korea Reports Nearly 2 Million ‘Fever Cases’ in One Week
Deaths reach 63 as 7.7% of the population is sickened in a reclusive nation that rejected Covid vaccines as World Health Organization voices concern

: Covid Helps Cut Tencent’s Profits in Half
Revenue grew by the smallest amount since the internet giant’s 2004 listing

In Depth: Localities Push Ahead With Personal Bankruptcy Pilots as National Efforts Stall

China has yet to create a nationwide legal framework for helping individuals escape insolvency, but local governments are making headway on their own pilot initiatives, even as they face obstacles

: Weekly Must-Read: China’s Record-Breaking Unemployment Rates Amid Covid Lockdowns
Surveyed urban unemployment rate came in at 6.1% in April, while the figure for 16- to 24-year-olds hit the highest ever recorded

Shanghai Prepares to Partially Reopen Starting Sunday

Metal barriers begin coming down as authorities resume public transit operations after a month and a half of Covid-related lockdowns

A-Share Database >>

LATEST NEWS

: Canada Bans Huawei, ZTE From 5G, Ending Years-Long Impasse
Wireless network companies that have already installed gear from the two Chinese telecommunications firms will have to remove it by the end of 2027
May 20, 2022 12:55 PM

: CX Daily: China Eases Covid-19 Test Rules for Air Travelers From More Countries
Xi pledges to open China’s door wider to the outside world. Global investors continue to dump yuan bonds
May 20, 2022 08:41 AM

: Xiaomi Logs First Revenue Drop as Covid, War Hurt Demand
Chinese smartphone giant loses global market share to Samsung and Apple with waning consumer confidence at home
May 20, 2022 06:18 AM

: Hong Kong’s Jobless Rate Surged to 5.4% During Covid Wave
Unemployment topped expectations and was the highest since June 2021 as the underemployment rate also jumped
May 20, 2022 04:13 AM

: Global Investors Continue to Dump Yuan Bonds as Treasurys, Dollar Rise
Chinese interbank bonds saw a combined outflow of more than 301 billion yuan in the past three months as yield premium vanished
May 19, 2022 09:00 PM

: Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic
An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector
May 19, 2022 07:24 PM

: China Eases Covid-19 Test Rules for Air Travelers From More Countries
The requirements were updated to reflect the ‘current pandemic situation,’ the embassies say
May 19, 2022 07:10 PM

: China’s Covid Pill Works Against Omicron, Trial Shows
Drug developed by Shanghai Junshi Biosciences and the Chinese Academy of Sciences shows good results in safety, tolerability and effectiveness in reducing viral shedding
May 19, 2022 06:56 PM

: Chinese Banking Watchdog Says It’s Looking Into Rural Lenders Who Froze Online Services
The police have started an investigation into one shareholder of the village banks on suspicion it raised public funds illegally
May 19, 2022 06:45 PM

: Gallery: India’s Brutal Heatwave
The South Asian country is facing a devastating heatwave that has also sparked a power crisis. In parts of the north, temperatures hit a record 49.2 degrees Celsius, scorching fields. The electricity supply also fell short of demand due in part to low coal stocks. The government banned private exports of wheat on May 13, which raised global concerns about a food shortage as the country is the world’s second-largest producer
May 19, 2022 06:30 PM

: Gallery: Rail Routes Resume From Shanghai
More trains are now running out of Shanghai since the city met a key goal in stemming the Covid-19 outbreak that has put it in lockdown for nearly two months. Eight new services were added Wednesday. As a precaution, rail travelers have to take both antigen and nucleic acid tests before entering any of the city’s train stations
May 19, 2022 05:53 PM

: China’s Imports of Natural Gas Fall Amid Sluggish Domestic Demand
Importers are less willing to place spot trade orders this year due to high energy prices and the impact of the pandemic, customs administration says
May 19, 2022 04:25 PM

: Asia to Ramp Up Gasoline Exports to U.S. as Sky-High Prices Beckon
Pump prices have now risen above $4 a gallon in every states for the first time ever as the summer driving season approaches
May 19, 2022 04:17 PM

: Singapore Air’s Second-Half Loss Narrows as Travel Picks Up
The airline reported losing $90 million for the October-March period, down from $579 million a year earlier
May 19, 2022 04:08 PM