Caixin

Yancoal Australia Swings to Loss in 2020 Amid China-Australia Tensions

Company’s shares in Sydney fall nearly 7% after announcing plan to diversify to new markets ‘in response to difficult market conditions, partly attributable to the geopolitical challenges’ between the two countries

Top Beijing SOE Executive Surrenders in Graft Probe

Hou Zibo, chairman of Beijing Xianglong Asset Management, worked with Wang Dong who went to prison for 11 years for taking bribes

State Comes to the Rescue of Former Retail Superstar Suning

Two state-owned investment entities from the southern boomtown of Shenzhen will pay $2.3 billion for a combined 23% of the struggling company

Chinese Chip Sales Lag Global Market With 12.4% Increase Last Month

Semiconductor sales worldwide jump 13.2% to $40 billion in January

Mar 02, 2021 06:54 PM

Caixin China Biz Roundup: New Strain of African Swine Fever Spreading in China, Research Says

In today’s episode: how a mutation of the virus could make complicate the country’s fight against the disease; Jiangsu Football Club could be heading for collapse after losing support from a major sponsor; and tech titan Tencent increases its bet on Canadian coffee chain Tim Hortons

Mar 02, 2021 06:14 PM

Two Sessions: Dozen Disgraced Lawmakers Will Miss Legislative Meeting

Since last May, 12 National People’s Congress deputies have been caught up in corruption allegations

Mar 02, 2021 06:11 PM

Gallery: Golden Globe Glory

Chinese director Zhao Ting, who also goes by Chloé Zhao, won this year’s Golden Globe for her film “Nomadland,” becoming the first Asian woman ever to win the award for best director. The film, which tells the story of a woman leaving home to travel across the American West and live as a modern-day nomad, also took home the top award — best dramatic motion picture

Mar 02, 2021 04:57 PM

He Yafei: Global Unity Needed to Face Unprecedented Challenges

Humanity won’t be able to overcome the difficulties posed by the confluence of traditional and nontraditional security threats like the pandemic and climate change

Mar 02, 2021 04:27 PM

France’s Huawei Ban Begins to Kick In With Purge in Urban Areas

Country is seeking to strike a middle ground that would allow Huawei to remain a supplier while keeping it out of the more integral parts of its wireless infrastructure

Mar 02, 2021 03:03 PM

China Still Has ‘Major Concerns’ About Boeing’s 737 Max

Once issues have been fully addressed, country will conduct a final review of the aircraft, aviation regulator says

Mar 02, 2021 03:00 PM

HSBC Banker Knew About Dealings With Iran, Meng Wanzhou’s Lawyers Argue

Huawei executive’s meeting with the banker is a key event in the U.S. case against her

Mar 02, 2021 02:51 PM

Foxconn-Backed TV-Maker Vizio Files a Second Time for IPO

The company, which did not release details about the share sale, had net income of $102 million on revenue of more than $2 billion last year

Mar 02, 2021 01:51 PM

CX Daily: Chinese Soccer Champion Ceases Operations as Beleaguered Sponsor Pulls Support

Chinese financial institutions are required to have "living wills." Plus, the U.S. moves to delist China’s largest offshore oil producer

Mar 02, 2021 09:29 AM

China’s Nio Misses Profit Forecast Even as Vehicles Sales Grow

As of January, Nio had delivered 82,866 electric cars in China since its first model came to market in June 2018

Mar 02, 2021 08:45 AM

China Eastern Places 1st Formal Order for Homegrown C919 Jetliner

COMAC’s competitor to A320 and Boeing 737 moves a step closer to commercial deployment as regulators consider final approval

Mar 02, 2021 07:24 AM

Hang Seng Index to Expand Members to 80 in Biggest Makeover

Hong Kong market benchmark initiates sweeping overhaul as it embraces new economy dominated by tech giants

Mar 02, 2021 07:16 AM

China Seeks to Avoid More Bank Bailouts With ‘Living Will’ Requirement

Draft rules would require certain financial institutions to come up with a plan in case they ever find themselves on life support

Mar 01, 2021 08:42 PM

Editorial: The Key to Energy Transition Lies in Rationalizing the Price Mechanism

Building a cleaner system requires government action, but the role of the market also needs to be brought into play

Mar 01, 2021 08:37 PM
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