Caixin

Embattled Shimao Gears Up Asset Sales for Debt Relief

Property developer puts up 34 projects for sale, valuing 15 of them at $6.65 billion amid a debt-triggered surge in dealmaking

Cover Story: Beijing Gears Up for Winter Olympics Amid Omicron Threat

China creates stringent ‘closed loop’ system to isolate competitors and staff from Covid-19 as it demonstrates green technology and builds up winter sports

Chinese Provinces Cut 2022 Growth Targets Amid Headwinds

Only Gansu and Inner Mongolia project faster or unchanged growth as the pandemic and the plunging real estate market weigh on prospects

Jan 25, 2022 06:25 AM

Beijing Tests Shoppers Who Buy Fever Drugs to Root Out Covid

Officials impose increasingly stringent requirements to contain flare-ups of delta and omicron variants in run-up to Olympics

Jan 25, 2022 06:13 AM

Lithium Sets Another Record as Battery Metal Extends 400% Gain

Chinese electric-vehicle registrations soar to almost 400,000 in December as EV revolution arrives in full force

Jan 25, 2022 06:06 AM

Xiaohongshu Fined After Reports It Failed to Police Sexually Suggestive Content That Included Minors

State-owned broadcaster said ‘sensitive parts’ of minors’ bodies were shown in videos on the social media platform

Jan 24, 2022 08:34 PM

Kuaishou Users Sell Far More in 2021 Than in Previous Two Years

E-commerce transactions on the money-losing short-video app last year amounted to a GMV of 650 billion yuan

Jan 24, 2022 08:30 PM

China Needs to Remake Its Energy System to Meet Climate Goals, Group Says

A carbon tax, improved carbon market and greater tech innovation will be key, ASEAN+3 Macroeconomic Research Office says

Jan 24, 2022 08:27 PM

As Electric Car Subsidies Dry Up, BYD Hikes Its Prices

The Shenzhen-listed EV- and battery-maker is asking buyers to pay up to 7,000 yuan more per vehicle

Jan 24, 2022 08:16 PM

Editorial: China’s Demographic Trend Can’t Be Reversed, but Can Be Managed

High costs, coupled with poor supporting policies and insufficient public services, have made young people more hesitant to have children. These ‘pain points’ demand a prompt solution

Jan 24, 2022 08:00 PM

China Mobile Parent to Boost Stake in Listed Unit for Up to $789 Million

The proposed increase demonstrates confidence in the wireless carrier’s future development and long-term investment value, China Mobile Communications says

Jan 24, 2022 06:50 PM

Caixin China Biz Roundup: Zhengzhou Flooding Probe Finds ‘Serious Misconduct’

Probe reveals local officials “deliberately obstructed” the reporting of the deaths and disappearances of over 100 people; how the falling number of women of childbearing age intensified the birthrate slump; and the latest efforts to protect gig economy workers

Jan 24, 2022 06:17 PM

More Than Six Dozen Covid-19 Cases Found Among Beijing Olympics Early Arrivals

The cases were identified upon entry at the airport and within the Games ‘closed loop’ system

Jan 24, 2022 05:18 PM

Gallery: Street Life Returns as Xi’an Eases Covid Curbs

The government of Xi’an on Monday downgraded the status of two parts of the city to low-risk for the transmission of Covid-19, clearing the last of the recent Covid hot spot’s medium- or high-risk areas. In mid-January, the capital of Northwest China’s Shaanxi province began easing movement restrictions in certain locations, leading to the resumption of public transportation and reopening of places of business

Jan 24, 2022 04:06 PM

SoftBank to Expand Vision Fund Staff for More Japan Investment

Founder Masayoshi Son wants his team in Japan to expand beyond its current size of four members

Jan 24, 2022 04:02 PM

IPhone Assembler Foxconn Expects ‘Unprecedented’ First Quarter

Shares in the world’s largest contract manufacturer of electronics climbed as much as 1.5% in Taipei

Jan 24, 2022 03:59 PM

China Builder Yuzhou to Miss Bond Payments After Debt Exchange

The company earlier this month offered to swap the notes for new debt, and investors exchanged most of their holdings

Jan 24, 2022 03:58 PM
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