Caixin

In Depth: Huawei Eyes ‘Not Made in America’ Chip Supply Chain as Stockpiles Dwindle

Insiders tell Caixin embattled telecom giant is working to develop domestic sources for 28-nanometer chips that can power its less-advanced devices as U.S. sanctions threaten its existence

China’s Next Five-Year Plan Downplays Rapid GDP Growth, Emphasizes Tech Independence

An outline of the plan highlights the role that the ‘dual circulation’ strategy will play in policymaking through 2025

Huawei Loses Smartphone Crown as U.S. Sanctions Bite

Shipments of the company’s core product plunged 22% in the third quarter, as hometown rival Xiaomi moved the other way with a 42% surge, new data show

Man Wrongfully Imprisoned for 27 Years Wins Record-Breaking Compensation

Zhang Yuhuan said he was disappointed with his $739,000 payout, but would accept it

Oct 30, 2020 08:12 PM

Sinopec Swings Back Into Profit After Pipeline Spin-Off

Oil giant books third quarter gain of nearly $7 billion, but core business remains unprofitable

Oct 30, 2020 07:46 PM

Regulator’s Latest Target: Loans Backed by Life Insurance Policies

Concerns are growing that short-term credit is being used for speculation in property and stocks

Oct 30, 2020 07:42 PM

Coal Transport Profit Sank by a Quarter This Year, Rail Freight Group Says

Operator of China’s busiest coal transport line suffers as economy shifts to cleaner energy

Oct 30, 2020 07:38 PM

Former Disciplinary Official to Head Party’s Ideology Think Tank

Jiang Jinquan has extensive experience in party organizational and disciplinary affairs

Oct 30, 2020 07:20 PM

Caixin China Biz Roundup: UMC Pleads Guilty to Stealing Trade Secrets from U.S. Company

In today’s episode: As part of a plea deal, Taiwanese contract chipmaker UMC will pay a $60 million fine; Hangzhou could become China’s first city to introduce a ban on facial recognition in residential areas; and how Hong Kong-owned companies operating in the Greater Bay area may be able to choose the jurisdiction they resolve disputes in

Oct 30, 2020 06:27 PM

Gallery: Tibetan Palace Gets Annual Facelift

The 1,300-year-old Potala Palace in Lhasa, capital of the Tibet autonomous region, began its annual facelift Monday. Some 70 workers and hundreds of volunteers joined hands to protect the ancient complex from the elements

Oct 30, 2020 04:50 PM

China Investors See U.S.-China Feud Continuing Past Election

A Democratic victory would likely result in a toning down of anti-China rhetoric, fund managers say, but the view of Beijing as a strategic rival will remain

Oct 30, 2020 02:52 PM

Record Planeloads of Live Hogs Flown Into China to Boost Herds

Some 15,346 live swine worth $32 million arrived by air in the first nine months of the year, customs data show

Oct 30, 2020 02:45 PM

Troubled Private Tutor Yousheng Loses Lifeline Amid Escalating Crisis

Jewelry maker Jinzhou Cihang bails out of $74.4 million white-knight takeover as Beijing-based education company faces massive demands for refunds

Oct 30, 2020 05:17 AM
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