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

: Exclusive: Lessons From the Chinese Silk Road Fund’s Eight-Year Journey Along the Belt and Road
Wang Yanzhi, president of the SRF, charts the milestones of the fund’s investment journey in more than 60 countries and regions

: China Allows Cities to Further Cut Mortgage Rates Amid Housing Slump
Top financial authorities up the ante after 650 policy moves this year fail to move the needle for the plummeting $2.4 trillion industry

Domestic traders have already been stocking up on crude oil in anticipation of new quotas, analysts say

: China’s Factory Activity Contracts Further Amid Ongoing Covid Controls, Caixin PMI Shows
September’s manufacturing PMI reading fell to 48.1 from 49.5 the previous month, the second consecutive contraction

BYD Launches Three Electric Vehicles in Europe

Chinese EV maker is set to take on European powerhouses VW, BMW and Mercedes-Benz as well as American giant Tesla

Caixin China Biz Roundup: China Warns Not to Bet Against the Yuan

Sep 29, 2022 10:44 PM

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: Gallery: China’s Homegrown Jet Is Ready for Takeoff
China has certified the C919, its single-aisle commercial passenger plane, to carry 156 to 168 passengers. Work on the aircraft, developed by domestic engineers, began in 2008, with the prototype completed in 2015. The C919 has a range of 4,075 to 5,555 kilometers. Chinese aircraft manufacturer Comac has received 815 orders for the aircraft from 28 clients. The plane is expected to be put into commercial use beginning next year
Sep 30, 2022 04:52 PM

: Former Shanghai Chief Prosecutor Booted From Communist Party for Graft
Zhang Bencai interfered with judicial activities and accepted ‘large amounts’ of money and valuables as bribes, China’s anti-corruption watchdog found
Sep 30, 2022 03:38 PM

: China Ramps Up Housing Support but Analysts Say It’s Not Enough
Eligible cities will be able to maintain, lower or remove the minimum interest rates set for loans that go toward primary-home purchases
Sep 30, 2022 03:05 PM

: Shanghai Composite Index Fell 0.55% on Friday
Shenzhen Component Index closed down 1.29%
Sep 30, 2022 03:03 PM

: China on Alert With Yuan at the Mercy of Overseas Traders
The currency traded in Shanghai is matching a record run of monthly losses set during the height of the U.S.-China trade war four years ago
Sep 30, 2022 03:02 PM

: China Junk Dollar Bonds Extend Record String of Quarterly Losses
The developer-dominated market for such debt has lost 9.5% since the start of July, a Bloomberg index shows
Sep 30, 2022 02:58 PM

: BlackRock, Allianz Join $300 Million Funding in Indonesia’s Traveloka
The Jakarta-based online travel startup says it struck a deal for financing with investors that also include the Indonesia Investment Authority
Sep 30, 2022 02:54 PM

: Weekly Must-Read: Has China’s Monetary Policy Reached Its Limit?
Structural changes in the economy and weak demand for credit are limiting the effectiveness of interest rate cuts and other monetary policy tools
Sep 30, 2022 11:00 AM

: CX Daily: Lessons From The Chinese Silk Road Fund’s Eight-Year Journey Along The Belt And Road
Xi and Japan’s Kishida discuss the future of bilateral relations. A gas explosion at a restaurant in Changchun leaves at least 17 dead
Sep 30, 2022 09:57 AM

: China Issues Type Certification to Homegrown C919 Jetliner
Photos on social media show ceremony clearing Comac to start delivering new plane to customers after 14 years of development
Sep 30, 2022 04:54 AM

: China Vows to Speed Up Delayed Housing With Special Loans
Central bank may expand program as it rolls out city-specific policies intended to address the year-long real estate debacle
Sep 30, 2022 04:39 AM

: Philippines to Deport 40,000 Chinese in Shutting Down 175 Online Casinos
Crackdown on lucrative industry triggered by reports of murders, kidnappings, extortion and other crimes involving Chinese workers, justice ministry says
Sep 30, 2022 03:38 AM

: Caixin China Biz Roundup: China Warns Not to Bet Against the Yuan
Central bank says speculators will lose money in the long term; Beijing’s big ambitions for hydrogen-fueled cars; and Anxin gets cleared to resume its core trust business
Sep 29, 2022 10:44 PM

: Restaurant Blaze Kills 17 in Northeastern China
The incident at a tech zone in the city of Changchun has been blamed on a leaking liquefied natural gas tank and blocked fire escapes
Sep 29, 2022 09:54 PM

: Photo Essay: Pioneering Chinese Lawyer Teaches Law to the Deaf
Tang Shuai uses sign-language in online videos and live broadcasts to educate the hearing-impaired, while cultivating multilingual interpreters with knowledge of the legal system
Sep 29, 2022 09:52 PM