Caixin

Covid Lockdowns Set to Snap China’s Car Sales Winning Streak

Deliveries to auto dealerships fell 8% in the first 20 days of November with disruptions to logistics networks also weighing

Meituan Posts Surprise Profit Soon After Tencent Announces Exit

The tech giant said it will give away almost all its 20% stake, after the food delivery platform spent seven straight quarters in the red

Caixin Biz Roundup: China’s Covid Caseload Hits Six-Month High
Nov 24, 2022 07:35 PM
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Former State-owned Assets Administration Chief Named Party Leader of Liaoning

Hao Peng, 62, becomes the third straight Communist Party secretary of the province with a background in military enterprises

Nov 29, 2022 03:40 AM

Apple to Lose 6 Million iPhone Pros From Turmoil at China Plant

Ongoing disruptions at ‘iPhone City’ in Zhengzhou may prompt Apple to accelerate diversification of production base outside China

Nov 29, 2022 03:29 AM

Opinion: China’s Lagging Tax Receipts a Worry, but 2023 Looks More Promising

The fiscal situation is expected to stay in a ‘tight balance’ due to a potential short-term rebound in land sales and as the impact of VAT refunds on government revenue fades

Nov 28, 2022 08:41 PM

Gallery: Living Behind Barriers

Thousands of residents in Guangzhou are living in fenced-off communities as the southern Chinese metropolis reported more than 136,000 infections from Oct. 22 to Sunday. The local government has relaxed Covid-19 testing, sparing some home-bound residents in seven districts from the requirement

Nov 28, 2022 08:29 PM

Editorial: China Law Against Unfair Competition Should Have Lofty Goals

Ideally, this latest draft revision should go beyond regulating businesses and also set rules for how the law is enforced

Nov 28, 2022 08:16 PM

Guangzhou Spares Home-Bound From Mass Covid Testing

The new rule applies to the elderly, students taking classes online, and people working remotely

Nov 28, 2022 08:06 PM

Chipmaker Gets Go Ahead for $1.7 Billion Shanghai IPO

Semiconductor Manufacturing Electronics is the latest firm seeking to raise funds as China accelerates microchip self-sufficiency drive

Nov 28, 2022 07:57 PM

Foxconn Offers $1,800 Bonus to Workers Who Stay in iPhone City

Apple’s manufacturing partner is hoping to entice workers to stay after a month of dealing with Covid curbs and disruptions that culminated in unrest

Nov 28, 2022 07:43 PM

Tesla Recalls Thousands of Cars in China Due to Software and Seat Belt Issues

The EV-maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3s, the country’s market regulator says

Nov 28, 2022 06:58 PM

Cash-Strapped Evergrande Offloads Vacant HQ Plot for $1 Billion

The defaulted property giant had intended to build its Shenzhen headquarters on the 10,000-square-meter plot, which has been sitting idle since September 2021

Nov 28, 2022 06:28 PM

Gallery: Shanghai Marathon Back on Track

The race kicked off Sunday after a two-year suspension due to the pandemic. Around 18,000 runners participated in the event, which has been held annually since 1996. Before this year’s marathon, all the runners had to stay in the city for seven days and pass a Covid test for three consecutive days

Nov 28, 2022 06:11 PM

China Green Bulletin: How China’s ESG Policy Is Progressing

COP27 closes with a breakthrough funding agreement, China’s Sinopec signs 27-year LNG deal with Qatar

Nov 28, 2022 05:26 PM

Northwest Region Appoints Youngest Provincial Leader in China

Shaanxi’s governor Zhao Yide has been chosen as the province’s new party secretary

Nov 28, 2022 03:58 PM

Shanghai Composite Index Fell 0.75% on Monday

Shenzhen Component Index closed down 0.69%

Nov 28, 2022 03:03 PM

U.S. Bans Huawei, ZTE Telecom Equipment on Data-Security Risk

Federal Communications Commission also banned connected-camera providers Hikvision Digital and Dahua Technology

Nov 26, 2022 07:44 PM
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