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: Weekend Long Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall
For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

: Zhongzhi-Linked Trust Company Fails to Pay Out Maturing Products
Two customers of Zhongrong International Trust fear they may not be able to recoup tens of millions spent on the products

In Depth: How a Regional Low-Speed Carmaker’s Big EV Dreams Crashed

After an underwhelming transition to conventional EVs and a restructuring bid, the production lines at Weifang-based Levdeo lie still

: Caixin Explains: The Financial Woes Behind Country Garden’s Missed Bond Payments
The developer says it expects a net loss as high as $7.6 billion in the first half of this year, raising further concerns among investors about its liquidity

Did China’s Youth Jobless Rate Really Hit 46.5%?

Staggeringly high figure goes beyond conventional international definitions of youth unemployment as it includes those who are not in school or looking for work

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Caixin Biz Roundup: Record Low Foreign Investment in China

Aug 12, 2023 08:09 PM

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LATEST NEWS

: Caixin Biz Roundup: Record Low Foreign Investment in China
Beijing relaxes business visa rules, and Huawei rolls out new electric car with Chery Auto
Aug 12, 2023 08:09 PM

: Two China Lithium Mines Attract Skyhigh Bids for Exploration Rights
Bids for the five-year rights to explore the mines in Sichuan province spiral hundreds of times the starting price
Aug 12, 2023 06:54 PM

: Chinese Automakers Motor Into Indonesia for New Growth
Great Wall Motor and Hozon Auto make debuts at Indonesia International Motor Show this week and push to set up local factories
Aug 12, 2023 04:25 AM

: Hong Kong, Mainland Stock Connect Expands to Include Block Trades
Accord will ease large deals in further expansion of programs enabling investors in Hong Kong and on the mainland mutual access to China’s bourses
Aug 12, 2023 04:18 AM

: Huawei’s Sales Grow Again as New Businesses Mitigate U.S. Sanctions
Cloud services and resurgent smartphone unit power 4.8% revenue jump for the second quarter
Aug 12, 2023 04:06 AM

: China Loans Plunge to 14-Year Low, Adding to Deflation Risk
New loans in July total $48 billion, less than half as much as expected, extending a string of negative economic data
Aug 12, 2023 04:01 AM

: JuneYao Group to Offload Remaining Stake in China Eastern
The parent of Juneyao Airlines plans to exit the state-owned carrier within six months, marking an end to a cross-shareholding partnership aimed at boosting Shanghai as a global aviation hub
Aug 11, 2023 09:44 PM

: Falsifying Carbon Emissions Data Is Now a Crime in China
Those found to have knowingly falsified greenhouse emissions tests or issued fake report verifications can now be sentenced to up to 10 years in prison
Aug 11, 2023 09:05 PM

: Tech Insider: Regional Automaker’s Dashed EV Dreams, Alibaba’s Comeback
E-commerce giants rush to roll out ‘full-service’ model for merchants, TSMC to build $11 billion German plant with fellow chipmakers
Aug 11, 2023 08:59 PM

: Charts of the Day: China’s Year of Tech Layoffs
Six of China’s 10 biggest tech firms cut their staff by around 4% to 10% last year, standing in contrast the previous year’s hiring binges
Aug 11, 2023 08:50 PM

: Southeast Asia Is Looking Mighty Fine to China’s Data Center Firms
Chinese operators riding the boom in demand for AI computing power are expanding in the region, says executive at GDS, which recently opened its first site in Malaysia
Aug 11, 2023 08:01 PM

: Gallery: Staging the Classics
The city of Langfang in Hebei province has opened a new classical literature-themed theater district that has 12 stages. The Unique Dream of Red Mansion Drama Fantasy City is the brainchild of film director Wang Chaoge in collaboration with architect Wang Ge. It was inspired by Cao Xueqin’s epic novel “A Dream of Red Mansion,” which chronicles the rise and fall of a noble family in the 18th century. The site is currently showcasing 12 plays that explore stories from various time periods connected to the book
Aug 11, 2023 07:43 PM

: Caixin Biz Roundup: China Tops Japan as World’s No. 1 Auto Exporter
Mazda to expand EV lineup amid weak sales in China, and Luckin Coffee beats Starbucks for first time on its home turf
Aug 11, 2023 07:23 PM

: Singapore Cuts Economic Growth Forecast on Weak Trade Outlook
The 2023 projection was narrowed to a range of 0.5% to 1.5% from 0.5% to 2.5% previously, according to the city-state’s Ministry of Trade and Industry
Aug 11, 2023 04:52 PM

: China Allows Group Tours to U.S., U.K. in Test for Travel Demand
Beijing also removes ban on group tours to Australia, South Korea and Japan
Aug 11, 2023 04:33 PM