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

TOP STORIES

: In Depth: How Young Money Is Changing Hong Kong’s Art Market
Millennial Asian collectors and their tastes are on the move

: China’s Booming Data and 5G Sectors Have a Dirty Secret
It’s an addiction to fossil fuels, Greenpeace finds, predicting that power used by data centers and 5G stations will soar 289% by 2035

China to Build Data Center Clusters Nationwide to Plug Shortage

Hubs to be centered in major metropolitan areas as well as energy-rich western regions to ensure reliable access to cloud computing and data storage services

: Southern China Faces Power Shortages and Factory Cutbacks
Hot weather, lower rivers and industrial recovery result in more demand for electricity than generators can supply, adding new pressure on the economy

Chart of The Day: China’s Fintech Players Await Their Fate

Financial units of tech giants including JD.com, ByteDance and Meituan have loaded up on financial licenses, putting them at risk of an enforced shakeup

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Trending in China: The Elephant Caravan Captivating China and Worrying ExpertsMay 28, 2021 08:10 PM
Livestreaming Remains Joyy’s Biggest Source of RevenueMay 28, 2021 07:27 PM
Smart-Appliance Maker Viomi Reports Surging First-Quarter Profit and Revenue GrowthMay 28, 2021 07:21 PM
How Are Automakers Responding to China’s New Car Data Protection Rules?May 28, 2021 07:18 PM
Trending in China: Two Deaths Spark Condemnation of Keeping Tigers in CaptivityMay 27, 2021 07:15 PM

LATEST NEWS

: Energy Insider: China National Nuclear and CATL Set Up Joint Venture; Guangdong Cranks Up Urban Natural Gas Coverage
National Energy Administration looks into rising solar module prices; Sinopec opens its first gas storage unit in Northeast China; Sichuan Energy Industry Investment’s chief sacked for bribery
May 29, 2021 06:34 AM

: Get Vaccinated in Hong Kong, Win a $1.4 Million Apartment
Amid widespread vaccine reluctance, developers plan a drawing for those who’ve taken a Covid-19 inoculation as government shuns cash incentives
May 29, 2021 06:06 AM

: Former CSRC Inspection Leader Faces Prosecution for Corruption
Mao Bihua, who allegedly collected a ‘huge amount’ of bribes including Moutai and $1.2 million of gold, becomes third fallen securities commission enforcement official
May 29, 2021 05:44 AM

: Shanghai Doctor Accused of Malpractice Hit With Fine and Suspension
Lu Wei handed a six-month suspension and 30,000 yuan fine for failure to fill medical records according to rules and not fully informing patients about their treatment
May 28, 2021 08:32 PM

: The 10 Hottest International Stories China Is Reading – May 28
A mass shooting in San Jose, Xiaomi’s off the U.S. sanctions list, and Russian fish egg fertilizer
May 28, 2021 08:20 PM

: The 10 Domestic Stories Chinese Readers Can't Stop Following – May 28
21 runners killed during mountain race in northwestern province of Gansu; Indian variant of Covid-19 found in Guangzhou; Beijing willing to arrange for vaccines to be sent to Taiwan
May 28, 2021 08:15 PM

: Swiss Re Sells Entire Stake in New China Life for $257.5 Million
World’s second-largest reinsurance company divests stake after reporting losses of $878 million last year
May 28, 2021 08:00 PM

: Trending in China: The Elephant Caravan Captivating China and Worrying Experts
While the parade of pachyderms is causing a stir on social media, observers are concerned their northward route is taking them into urban areas
May 28, 2021 07:34 PM

: Chinese Operator of Australia’s Darwin Port Rejects Security Concerns
Landbridge executive insists 99-year lease is 'purely commercial' after Canberra launches review
May 28, 2021 07:09 PM

: Lenovo CEO Says World Chip Shortage Will Last Well Into 2022
PC-maker’s Yang Yuanqing also rebuffs idea the company could start making cars
May 28, 2021 07:07 PM

: Weekend Long Read: How to Break the Deadlock Over China’s Local Debt
The central government wants to usher in a market- and law-based default process, but local authorities don’t want it in their backyards
May 29, 2021 09:30 AM

: China Connects 15.8% More Offshore Wind Capacity to National Grid
Offshore installations' capacity topped 10.4 GW as of the end of April, government data show
May 28, 2021 06:57 PM

: Appliance-Maker Gree’s Planned Share Buyback Could Set Record
With a top-end estimate of 15 billion yuan, the move could set a new high in the A-share market
May 28, 2021 05:55 PM

: Caixin China Biz Roundup: Grocer Misconduct
Alibaba-backed community group buying platform gets fined for uncompetitive practices; U.S. and China trade officials hold their first phone call under the Biden presidency; and the yuan surges to a three-year high against the dollar
May 28, 2021 05:54 PM

: Flooding Forecast for China’s Seven Major River Basins This Year
The waters of 97 small and midsize rivers have already exceeded warning levels ahead of the start of flood season, which usually begins in June
May 28, 2021 05:39 PM