In Depth: Why China’s Electricity Market Overhaul Is Failing

Six-year-old plan to use competition in restructuring power distribution founders on state grid foot-dragging and profit squeeze caused by too-high prices

Beijing Sends Another Signal That Property Tax Reform Is on the Agenda

Gaggle of departments hold seminar to discuss plans for housing levy with local governments, some of whom have long been wary of such reform

Tesla’s China Woes Linger as Sales Slide in April

The 27% plunge off March’s record high comes as the automaker wrestles with PR calamities and heightened official scrutiny

Xiaomi in Talks to Stay Off U.S. Defense Department Blacklist

Court document shows smartphone-maker and U.S. Defense Department are negotiating to undo the move that would have banned Americans from investing in Xiaomi 

Official Handling of Student’s Death Sparks Public Outcry in China

Mother of 17-year-old victim rejects ruling of suicide and pleads for greater transparency as Weibo hashtag on the topic receives over 1 billion views

May 12, 2021 08:11 PM

Chinese Online Dating App Soul Seeks to Raise $100 Million in U.S. IPO

Tencent-backed operator Soulgate Inc. is betting investors will buy into app’s growth potential even amid ballooning losses

May 12, 2021 07:27 PM

Trending in China: Stories of Young Survivors on 13th Anniversary of Wenchuan Earthquake

Chinese social media users get a look at where some of the children who survived the devastating quake ended up

May 12, 2021 07:22 PM

Shanghai, South Korean Bourses Move to Let Investors Trade in Each Other’s ETFs

Shanghai and South Korea’s stock exchanges sign agreement that also aims to promote cooperation on indexes and bond markets

May 12, 2021 07:06 PM

Caixin China Biz Roundup: Safari Park Caught in a ‘Cat-Astrophe’

Five detained after hiding escape of three leopards from Hangzhou zoo; new census reveals that China’s population has surpassed 1.4 billion; and Taiwan and Singapore ramp up Covid-19 restrictions amid new virus cases

May 12, 2021 07:00 PM

Tensions Hurt U.S. Firms at Local Level in China, AmCham Says

Both nations should reduce their ‘unhelpful rhetoric’ and reopen lines of communication, American business group recommends in new white paper

May 12, 2021 06:13 PM

Trending in China: Weibo Turns On E-Bike Riders After Battery Explodes in Elevator

Fire left two people hospitalized with life threatening burns, and social media users wondering who was most to blame

May 12, 2021 06:09 PM

Gallery: China’s Schools Mark National Disaster Prevention Day

Students across the country carried out emergency drills on Tuesday to mark the 13th National Disaster Prevention and Reduction Day, which falls on Wednesday. Established in 2009, following the Wenchuan earthquake in Southwest China’s Sichuan province the year before, the day aims to raise public awareness about disaster prevention

May 12, 2021 05:50 PM

Duty-Free Giants Hand Out Free Flight Tickets to Lure Customers

Operators offer destination-less travel in an attempt to salvage sales hit by Covid-induced restrictions

May 12, 2021 04:39 PM

China’s Sinovac Shot Found Highly Effective in Real World Study

Indonesian data adds to signs out of Brazil that the Sinovac shot is more effective than it proved in the testing phase

May 12, 2021 04:07 PM

China Bond Defaults Racing to 100 Billion Yuan and It’s Only May

Chinese corporations are defaulting on local bonds at the fastest pace on record as policymakers eschew bailouts to force the country’s credit markets into maturity

May 12, 2021 03:37 PM

Shanghai Composite Index Rose 0.61% on Wednesday

Shenzhen Component Index closed up 0.7%

May 12, 2021 03:03 PM

CX Daily: Why China’s Electricity Market Overhaul Is Failing

China's population growth slows, official data shows. Amazon cracks down on fake reviews and removes Chinese products

May 12, 2021 09:02 AM

Exclusive: Industrial Bank Gets New Chairman After 20 Months

Lu Jiajin, a former China Construction Bank vice president, tapped to fill vacancy left by 2019 retirement of Gao Jianping

May 12, 2021 07:59 AM

TikTok Begins Testing In-App Shopping to Challenge Facebook

ByteDance video unit moves to tap into $1.7 trillion Chinese e-commerce arena, aiming to generate $185 billion by next year

May 12, 2021 07:51 AM
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