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

TOP STORIES

: Exclusive: Embattled Huarong to Sell Multibillion-Dollar Assets as Rescue Plan Gets Underway
China’s biggest bad-debt manager is offloading non-core assets as it struggles to repay its own mountain of loans

: Exclusive: Banks Prepare to Lower Deposit Rates as Rate Cap Reform Takes Effect
Change to how lenders calculate the ceiling on deposit rates comes as Beijing hopes to reduce their funding costs

Maker of Dr. Martens Boots Sues Chinese Fast Fashion Upstart Shein

British footwear giant AirWair accuses the export-only clothing platform of ripping off its designs for the workers’-boot-turned-luxury-footwear

: Chinese Brands Top Euro 2020 Sponsorship
Hisense, Alipay, Vivo and TikTok aim to raise their visibility in Europe by backing the pandemic-delayed European soccer tournament

Debt-Riddled Inter Milan-Owner to Raise Cash by Selling Staff Apartments

Amid increasingly desperate plans to raise money, the Chinese retailing giant Suning turfs employees out of purpose-built apartments to sell the properties

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More Headlines

Trending in China: Wanda Tycoon’s Son Accused of Harassing a Woman for Four YearsJun 17, 2021 07:21 AM
Used Gadget Specialist Aihuishou Aims for $261 Million IPOJun 15, 2021 08:10 PM
Retail Giant Suning’s Founder Has Shares Frozen Amid Cash CrunchJun 15, 2021 05:32 PM
ByteDance Seeks to Monetize Its Recommendation Tech With Launch of Volcano EngineJun 11, 2021 08:09 PM
Alibaba Developing Self-Driving Trucks With Logistics Arm CainiaoJun 11, 2021 07:22 PM

LATEST NEWS

: Nidec Revs Up Development of Electric Vehicle Motors With Chinese Research Center
Japanese company to boost workforce to meet China demand for new-energy cars
Jun 17, 2021 04:30 PM

: Laos to Sell Vietnam Its Wind Power With Mitsubishi’s Help
Cross-border power-sharing is expected to increase in Southeast Asia
Jun 17, 2021 04:25 PM

: Shanghai Composite Index Rose 0.21% on Thursday
Shenzhen Component Index closed up 1.23%
Jun 17, 2021 03:03 PM

: China Launches First Manned Mission to New Space Station
The Shenzhou-12 spacecraft takes off Thursday morning, carrying three astronauts into orbit to crew the Tiangong station
Jun 17, 2021 10:48 AM

: CX Daily: Embattled Huarong to Sell Multibillion-Dollar Assets as Rescue Plan Gets Underway
The owner of Dr. Martens sues Chinese fast-fashion unicorn Shein. China plans to launch three astronauts into space Thursday
Jun 17, 2021 09:20 AM

: Energy Insider: Henan Halts 20 Million Tons of Mining Capacity for Safety Fixes; Guangdong Power Retailers Suffer Huge Losses
Shenzhen to set up carbon emissions fund; Baoneng’s NEV unit gets a $1.9 billion investment; Sinochem-ChemChina combination proceeds
Jun 17, 2021 07:31 AM

: Blackstone Offers $3.05 Billion for Majority of Soho China
Chinese office developer became a takeover target in 2020 as rents fell, setting up American private equity giant to expand its bet on Asia real estate
Jun 17, 2021 07:24 AM

: China Sets Up Department to Supervise Tutoring Industry
Education Ministry unit will supervise training content, tutor qualifications and fees for a sector that’s been implicated in illegal activities
Jun 17, 2021 06:59 AM

: Liaoning Banking Regulator Kicked Out of Communist Party
Liu Wenyi of CBIRC’s provincial branch accepted an ‘extremely large’ amount of bribes and should face serious consequences, graft busters say
Jun 17, 2021 05:18 AM

: Air China Johannesburg Flight Suspended Over Covid Delta Cases
June 10 flight to Shenzhen carried 32 passengers who tested positive for wildly transmissible coronavirus variant first detected in India
Jun 17, 2021 03:48 AM

: Chinese Lithium Producer to Invest in Mali Mine
A unit of Ganfeng Lithium plans to spend $130 million to acquire 50% of an entity created to hold the rights to exploit spodumene at the project
Jun 16, 2021 08:16 PM

: Chart of the Day: Hong Kong’s New Virtual Banks Bled Cash Last Year
Big spending, high deposit rates to attract customers, plus the pandemic, saw the eight lenders rack up $309 million in losses
Jun 16, 2021 07:56 PM

: China Economic Data Disappoints as Consumer Spending Lags
Industrial output rose 8.8% in May from a year earlier, below the 9.2% forecast by economists in a Bloomberg survey
Jun 16, 2021 07:46 PM

: China-Backed Overseas Coal Projects Scuttled at Growing Rate
A number of Chinese coal projects overseas have been canceled since 2017 due to public opposition and diminishing competitiveness, new environmental research shows
Jun 16, 2021 07:42 PM

: U.S. Supermarket Cashier Shot Dead, Covid-19 Spreading Faster Than Vaccine Distribution, India Lifts New Delhi Lockdown
The 10 international stories popular on Chinese social media include the eldest daughter of the King of the Netherlands giving up her right to an annual income, and U.S. travel ban on dogs
Jun 16, 2021 07:33 PM