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

: Q&A: What’s in Store for China’s Economy After the Pandemic
Yang Weimin, a former senior economic official, discusses the 2021 economic outlook, unwinding the country’s stimulus policies, and expanding consumer spending

: Hangzhou Joins Shanghai in Further Tightening Housing Restrictions
Eastern city of 10.6 million imposes restrictions on auctions of court-seized properties as giant Chinese metropolises fight speculation amid surging prices

Economic recovery, technological self-reliance and carbon neutrality are all likely to be high on the government’s agenda

: Tip Sheet: Key Facts to Know About China’s Vaccine Race
The scramble to crank out enough shots to inoculate more than 1 billion Chinese involves multiple companies pursuing different strategies and building massive factories

Kweichow Moutai’s Home Base Aims to Double Liquor Industry

Five-year plan for Guizhou province calls for ramping up baijiu output and taking more local makers of fiery national drink public

: Hog Disease Outbreak in China Triggers Surge in U.S. Prices
Prices have risen more than 25% this year, making hogs one of the top-performing commodities.
Mar 04, 2021 06:38 AM

: China’s Vaccination Total Hits 52 Million Doses
While accelerating domestic inoculations, China has exported or donated home-grown Covid-19 vaccines to 97 countries
Mar 04, 2021 05:56 AM

: China Fines Tech Superstars’ Group-Buying Platforms for ‘Deceptive Pricing’
Market regulator gives maximum 1.5 million yuan penalty to platforms backed or run by Alibaba, Pinduoduo, Meituan, Didi Chuxing and Tencent
Mar 03, 2021 08:48 PM

: Shaanxi’s New ‘Super Large’ Coal Mine Ticks Another Regulatory Box
The 10-million-ton mine in coal-rich province had to purchase capacity from others around the country to start operations
Mar 03, 2021 08:26 PM

: Two Sessions 2021: Lawmaker Calls for Old Criminal Offenses to Be Wiped From Public Record
While the motion is highly unlikely to result in the law being changed, it may animate a long-running public debate on criminal rehabilitation
Mar 03, 2021 08:02 PM

: Two Sessions 2021: Confiscated Criminal Cash Should Go to Central Government, Top China Lawyer Says
Proposal seeks to eradicate selective ‘prosecution for profit’ by local law enforcement authorities that undermines public confidence in the judiciary
Mar 03, 2021 07:53 PM

: Geely Urges Scrapping of Costly Ban on Rail Transport of Electric Vehicle Batteries
CEO Li Shufu makes plea to government as China’s EV makers look to boost overland exports to booming European market
Mar 03, 2021 07:45 PM

: Rise in Capital Inputs Pushes Up Caixin New Economy Index
Reading came in at 28.2 last month, up from 27.3 in January
Mar 03, 2021 07:27 PM

: Police Find No Evidence Woman Who Fatally Fell From Lalamove Van Was Attacked
In a case that made headlines in China last month, police found the 23-year-old woman had argued with the driver, but nothing more
Mar 03, 2021 07:19 PM

: Caixin-Sinica Business Brief: Pinduoduo Grapples with PR Disaster
Plus, reigning champions of China’s premier soccer league cease operations; ‘total victory’ declared in the government’s mission to eradicate poverty; and expansion in the manufacturing sector continues to slow
Mar 03, 2021 06:51 PM

: Caixin China Biz Roundup: Pace of China’s Covid Vaccine Rollout is Concerning, Warns Expert
In today’s episode: Zhang Wenhong urges the country to speed up administering the jab to its population to achieve herd immunity; the northern province of Inner Mongolia takes aim against the energy-guzzling cryptocurrency mining industry; and why are so many Chinese lawmakers missing this year’s big annual political gathering?
Mar 03, 2021 06:37 PM

: Wang Tao: What Economic Agenda Will the Two Sessions Set?
China’s top legislature will likely push for further reform and opening and highlight technology innovation and greener development as future goals
Mar 03, 2021 06:09 PM

: Caixin ESG Biweekly: China’s Growing Support for Green Finance and Pollution Controls
China-EU high-level climate talks; State Council’s pollution permit system; and the plan for peak carbon emissions
Mar 03, 2021 04:53 PM

: Gallery: China’s Lunar Legacy
One hundred grams of lunar soil brought back by China’s Chang’e 5 lunar probe is now on display at the National Museum of China in Beijing. Besides the soil samples, the exhibition, which opened Saturday, also features about 40 objects related to the country’s years-long lunar exploration program, along with photos and videos. On Dec. 17, the lunar probe retrieved nearly 2 kilograms of samples from the moon
Mar 03, 2021 04:30 PM

: UBS Seeks to Raise Stake in China Joint Venture to 67%
The Swiss bank plans to snap up another 16% of the firm, boosting its control to 67%, people familiar with the matter said
Mar 03, 2021 01:50 PM