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

TOP STORIES

: In Depth: Why China’s Bond Traders Got Cut Off From the Data They Needed
Financial regulators stood at the center of last week’s tumultuous suspension of services that provide crucial price information to traders

: Construction Restarts at Chinese-Backed Simandou Iron Ore Mine
Work on the West African mine, said to hold the world’s largest untapped deposit of high-grade iron ore, resumed after Guinean officials were finally able to get shareholders to move forward

Cover Story: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight

Fears of a repeat of the global financial crisis sparks reevaluation of the overall health of the U.S. banking system and prudence of rapid rate hikes

: Just as China Emerges From Covid, Concerns Grow of a Flu Epidemic
Cases jumped 53% in week ending March 12, with H1N1, or swine flu, the dominant strain, forcing the suspension of some elementary school classes in Beijing and Shanghai

Why Empty Containers Piled Up at Chinese Ports

Glut that emerged in recent months was due to a confluence of factors mostly related to the Covid-19 pandemic, head of customs bureau says

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Caixin-Sinica Business Brief: China Resumes Issuing Visas to Foreigners

Mar 21, 2023 04:43 PM

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LATEST NEWS

: Tech Insider: XPeng Warns of Plunging Revenue, Taiwan Chip Exports Sputter
Former China chip giant chief charged with corruption, business-software makers suffer sell-off on news of Huawei’s entrance
Mar 21, 2023 09:09 PM

: China Imports of Australian Coal Surge After Embargo Lifted
Purchases of the dirty fuel jumped 21% to more than 207,000 tons in February as trade tensions between two countries ease
Mar 21, 2023 07:54 PM

: Gallery: Sandstorms Sweep North China
Since March 10, residents across the region have had to endure haze and pollution amid multiple warnings from the weather authority. On Monday, a yellow wall of sand towering around 100 meters tall devoured Zhangye in Northwest China’s Gansu province. In Xinjiang’s Aksu, a sandstorm brought strong gusts that disrupted traffic. Weather China has reported that regions including Shaanxi, Jilin, and Inner Mongolia this week will continue to be affected
Mar 21, 2023 07:49 PM

: Former Google China Chief Joins ChatGPT Mania With New AI Venture
Kai-Fu Lee dubbed the startup Project AI 2.0, which is the seventh company incubated by his early-stage VC firm
Mar 21, 2023 07:46 PM

: First Harvest of Chinese Durians to Hit the Market in June
Agriculture specialists on the southern island province of Hainan have been cultivating the tropical fruit for the past four years
Mar 21, 2023 06:15 PM

: Asia’s Gaming Stocks Spike as China Approves More Foreign Titles
Bilibili jumped more than 9% in early Hong Kong trading, while in South Korea Devsisters and Nexon Games scored double-digit gains amid Beijing’s easing grip on the video game industry
Mar 21, 2023 06:13 PM

: Gallery: Xi Lands in Moscow
President Xi Jinping began a three-day state visit to Russia on Monday. The country’s Deputy Prime Minister Dmitry Chernyshenko greeted Xi at Moscow’s Vnukovo Airport with a welcome ceremony. China’s leader met his counterpart President Vladimir Putin later that day at the Kremlin. The pair will hold formal talks to discuss the future of the strategic partnership between the two countries
Mar 21, 2023 04:49 PM

: Caixin-Sinica Business Brief: China Resumes Issuing Visas to Foreigners
Legislature reshuffles central government’s top brass, Chinese solar wafer giant to build multimillion-dollar factory in U.S., and scandal-rocked chip investment ‘big fund’ gets new boss
Mar 21, 2023 04:43 PM

: Hong Kong Opens Doors to Billionaires in Family Office Push
Canadian business mogul Paul Desmarais III, Yahoo co-founder Jerry Yang and Sequoia Capital China’s Neil Shen are among those set to attend the Wealth for Good summit on March 24
Mar 21, 2023 04:42 PM

: China Overnight Funding Rate Soars Ahead of Reserve Requirement Cut
An indicator of interbank funding costs climbs to the highest level since February 2021
Mar 21, 2023 04:12 PM

: Shanghai Composite Index Rose 0.64% on Tuesday
Shenzhen Component Index closed up 1.6%
Mar 21, 2023 03:03 PM

: CX Daily: 2008 Redux? SVB Collapse Raises Questions About Banking Oversight
Beijing welcomes Ma Ying-jeou’s visit to the Chinese mainland. A unit of China Cosco will invest in a new container terminal in Egypt
Mar 21, 2023 10:01 AM

: Former Chief of Chip Giant Unigroup Charged With Corruption
Zhao Weiguo, arrested in July, treated the state-owned enterprise as his personal fiefdom and handed out goodies to friends and relatives, graft busters say
Mar 21, 2023 05:02 AM

: A Year Later, China Still Tries to Explain Plane's Nosedive
Aviation authorities cite ‘complexity and rarity’ of disaster in update on probe of flight MU5735
Mar 21, 2023 04:28 AM

: Xi Meets Putin in First State Visit Since Russia-Ukraine War
In three-day trip, Chinese president is expected to discuss proposals for resolving the war while further developing links with Russia
Mar 21, 2023 04:08 AM