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

TOP STORIES

: Weekend Long Read: How to Get China’s Super Savers to Spend More
The growing tendency to sock money away in banks poses a challenge to the economic recovery

: Chinese Official Rebuffs Pentagon Chief’s Criticisms at Security Summit
Lloyd Austin’s comments about Taiwan at the Shangri-La Dialogue ignored the facts and distorted the truth, Chinese lieutenant general Jing Jianfeng says

Chinese Computer Maker Says Its Chip was Made With ‘Support’ From Intel

Powerleader Computer System came under fire after industry experts revealed its new processor unit was seemingly identical to a product made by the U.S. giant

: In Depth: Huawei’s Auto Ambitions Hobbled by Weak Sales, Unclear Strategy
The two main models of its intelligent driving systems are ‘mutually exclusive’ in nature, industry insider says

In Depth: Brand-Name Drugs Feel the Squeeze in China’s Generic-Heavy Market

Multinational pharmaceutical firms are changing strategies and selling business lines, as a government bulk-buying program favors cheaper, local products

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Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing

Jun 03, 2023 05:34 PM

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LATEST NEWS

: Top U.S. Treasury Official Meets China Ambassador
The meeting between Xie Feng and Jay Shambaugh, the department’s undersecretary for international affairs, was part of ‘ongoing efforts to maintain open lines of communication’
Jun 03, 2023 06:37 PM

: Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing
Beijing-based ChatGPT rival files for Hong Kong IPO, China moves ahead with Shanghai international reinsurance market plan
Jun 03, 2023 05:34 PM

: Tobacco Corruption Probe Ensnares Retired Top Yunnan Executive
Zhu Shaoming, former head of China Tobacco’s biggest provincial unit, comes under investigation by graft busters
Jun 03, 2023 04:27 AM

: Another China Development Bank Ex-Official Comes Under Probe
Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals
Jun 03, 2023 04:11 AM

: Syngenta’s $9.4 Billion IPO Picks Up Steam in Shanghai
Year’s biggest share sale starts clicking along after the ChemChina unit abandoned its STAR Market plan
Jun 03, 2023 03:54 AM

: Evergrande Unit Faces 1,426 Lawsuits Involving $49 Billion
Hengda Real Estate Group discloses the legal logjam in a filing to the Hong Kong stock exchange
Jun 03, 2023 03:45 AM

: China Is Set to Extend EV Tax Incentives Amid Slowing Sales Growth
State Council says it will continue and ‘optimize’ purchase tax exemptions to help bolster the post-pandemic recovery
Jun 03, 2023 03:34 AM

: Caixin China New Economy Index Rises on Surge in Venture Capital Levels
The gauge that tracks the size of high value-added industries such as biotech rose to 30.1 in May
Jun 02, 2023 08:43 PM

: Tech Insider: AI Startup Mobvoi Files for IPO, Musk on ‘Decoupling’
Netherlands steps up chip spat with probe into Nowi deal, Alibaba embeds ChatGPT-like AI into two apps
Jun 02, 2023 08:27 PM

: Nvidia’s CEO Plans Trip to Meet China Executives Despite U.S. Curbs
Jensen Huang plans to travel to the mainland for the first time in years in June, sources say, with his company emerging as a critical player in AI
Jun 02, 2023 08:18 PM

: Gallery: Pests on the Plateau
Plateau pikas, small hare-like animals native to the Qinghai-Tibet Plateau, have been targeted for their proclivity to eat the grass out from under the region’s livestock. Locals have tried using traps to control their population. However, the excessive use of bait disrupted the natural predator-prey balance, leading to a surge in the mammal’s population and further degradation of the grasslands. Scientists and local authorities are now grappling with how to prevent their numbers from growing while preserving the area’s ecological balance
Jun 02, 2023 08:14 PM

: Chinese Minors Suspected of Aiding Telecom, Online Fraudsters Surge Twentyfold
The number of juveniles suspected of ‘aiding criminal activities on information networks’ jumped to nearly 5,500 last year as a government crackdown rolls on
Jun 02, 2023 08:06 PM

: Warburg Pincus Takes Stake in Shanghai Mutual Fund Manager
U.S. private equity giant buys 23.3% holding in Lombarda China Fund Management as foreign asset managers pile into $3.8 trillion market
Jun 02, 2023 07:54 PM

: China and Singapore’s Military Top Brass to Establish Direct Hotline
Defense Minister Li Shangfu and his Singaporean counterpart Ng Eng Hen also agreed to take bilateral defense relations ‘to a new level'
Jun 02, 2023 07:54 PM

: Gallery: Elon’s Whirlwind China Visit
Tesla CEO Elon Musk left Shanghai on Thursday morning after spending just over 40 hours in the country. After arriving in Beijing on Tuesday, the billionaire met with top Chinese officials, including the foreign minister and a vice premier. He also visited the automaker’s Shanghai factory and its battery supplier, Contemporary Amperex Technology. The trip marked his first to China since 2020
Jun 02, 2023 07:16 PM