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

TOP STORIES

: Exclusive: Idle Cranes, Unfinished Buildings Are All That’s Left in China’s Former Field of Chip Dreams
The $19.8 billion project was meant to churn out cutting-edge microchips, but quickly fell apart due to lack of funds and inexperience

: In Beijing and Washington, Leaders Signal a Growing Tech Arms Race
Both nations signal growing focus on technological independence, as Biden administration gives little sign of gentler approach

Weekend Long Read: Paul Samuelson Saw China’s Inequality Problem Coming

In 1998, the late economist, who won the Nobel Prize in 1970, talked about difficulties in economic studies and application and warned about two major problems China would encounter

: Opinion: Takeaways from China’s 2021 Government Work Report
The first annual report has a lot to tell us about what this year has in store in terms of economic restructuring, fiscal and monetary policy, as well as foreign trade and investment

How China’s Digital Yuan Plans Could Bring Bitcoin’s Rally Unstuck

Central banks’ power to issue virtual money and proscribe rivals is a major risk for the crypto sector

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: Real-Time Tech News From Caixin Global
More Headlines

News App Qutoutiao Narrows Losses Despite Revenue DropMar 05, 2021 06:10 PM
Could ByteDance Develop a Clubhouse-Style App for China?Mar 05, 2021 04:12 PM
South Korean EV Battery-Maker’s Misconduct ‘Extraordinary’ Says U.S. Trade AgencyMar 05, 2021 01:56 PM
Xiaomi Breaks Into Top Three Smartphone Brands in Latin America for First Time as Huawei FallsMar 05, 2021 12:55 PM
Trip.com Reports Quarterly Profit Despite Revenue DeclineMar 04, 2021 05:33 PM

LATEST NEWS

: China Stories: Why Vaccines Won’t Soon End the Covid-19 Pandemic
Humanity faces a rugged battle to make enough vaccine quickly enough, distribute it worldwide and get it into billions of people’s arms
Mar 07, 2021 05:00 PM

: China Drops Animal Testing Requirement for Most Imported Cosmetics
Change could be a boon for ‘cruelty free’ and vegan skincare companies eyeing China’s $65 billion beauty market
Mar 06, 2021 07:14 PM

: Another State-Backed Coal Firm Misses Bond Payments as Regulator Pledges ‘Zero Tolerance’
Jizhong Energy Group Co. Ltd. missed part of its payments on two bonds that came due this week
Mar 06, 2021 06:02 PM

: U.S. to Extend Tariff Exclusion on China Virus Supplies 6 Months
Biden administration extends Trump exclusions to its tariffs on Chinese products, which were enacted to help fight pandemic
Mar 06, 2021 05:38 PM

: China Stories: Hundreds of Chinese Patients Died in ‘Redundant’ Trials of Proven Drugs
Study shows 100,000 patients went untreated in placebo trials of heart disease drugs that overwhelming evidence already showed were safe and effective
Mar 06, 2021 05:00 PM

: New U.S. Commerce Secretary Pledges to Use ‘Entity List’ to ‘Full Effect’
Gina Raimondo lays out tough stance, calling Chinese telecom companies a ‘threat’ and China’s behavior ‘anti-competitive’ and ‘coercive’
Mar 06, 2021 06:20 AM

: Two Sessions 2021: China Targets Tech Self-Reliance With Massive Research Spend
New 5-year plan sets out goals for increasing R&D spending, high-value patents and digital-economy contributions to GDP
Mar 06, 2021 05:53 AM

: China Bond Yields Turn Negative in Burst of Friday Trading
Shenzhen Stock Exchange imposes restrictions on participants who drove prices of China Development Bank bonds straight up
Mar 06, 2021 02:44 AM

: Two Sessions 2021: Highlights of Premier’s Government Work Report
GDP growth target set at ‘over 6%’ as government seeks to create millions of new urban jobs and keep prices ‘generally stable’
Mar 05, 2021 09:17 PM

: Two Sessions Digest: What Are Attendees Asking for the Government to Do?
Caixin’s rundown of the business and finance proposals being made by those heading to China’s top political meetings
Mar 05, 2021 09:10 PM

: Despite Pledge to Change After Rider’s Death, It’s Business as Usual at Lalamove
Logistics startup said it would boost its app’s safety features and improve driver screening. A Caixin investigation found evidence of neither
Mar 05, 2021 08:43 PM

: Massive Merger Will Make Little-Known Cement-Maker a National Giant
Tianshan Cement plans to acquire controlling stakes in four peers in a $15.2 billion deal that would make it China’s largest listed producer by capacity
Mar 05, 2021 08:26 PM

: U.K.’s Appeal to Chinese Students Grows as U.S. and Australia Lose Luster
Applications are up 21% this year to 25,000, as the country lures Chinese students with new work visa rules and charter flights
Mar 05, 2021 08:06 PM

: Caixin China Biz Roundup: Hong Kong Man’s Sudden Death Not Linked to Sinovac Vaccine, Experts Say
In today’s episode: 63 year-old died two days after receiving the shot; ride-hailing van scandal sparks concerns about the safety of women passengers; and China sets a GDP growth target of more than 6% for 2021
Mar 05, 2021 07:21 PM

: China’s Demand for Fuel Accelerates Amid Swift Factory Rebound, More Traffic
Gasoline and diesel consumption has extended its run above pre-Covid-19 levels this year as more people took to their cars to avoid being infected and continued to travel locally
Mar 05, 2021 04:28 PM