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

: In Depth: Chinese Students Hoping to Study Abroad Return to a Changed World
Candidates from China face more competitive admissions overseas and an altered job market after graduation

: China Plans Regulatory Rating System for Life Insurers to Curb Risks
Companies with the highest rating will have more freedom to develop while those with the lowest will see their operations restricted

After testing the registration-based mechanism in China’s three smaller markets, regulators are now planning to roll it out to the two main boards

: Yangtze Memory Kicks Terminated Workers Out of Apartments
Amid sanctions and semiconductor slump, Chinese state-owned chipmaker cuts 5%–10% of employees and picks a fight with them over subsidized Wuhan housing

China Services Activity Starts Growing Again, Caixin PMI Shows

The independent snapshot of operating conditions in industries such as retail and travel surged to 52.9 in January from 48 the previous month

Caixin China Biz Roundup: Mystery Deepens After Missing Teen’s Body Found Behind School

Feb 01, 2023 06:56 PM

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: Morgan Stanley Wins Control Over China Fund as Competition Heats Up
American bank joins JPMorgan in buying out local partner to expand its footprint in the $3.86 billion Chinese mutual fund industry
Feb 04, 2023 03:40 AM

: China Clashes With IMF Over Property Downturn, Growth Rate
International Monetary Fund says China needs to do more to resolve the real estate crisis and spur growth, earning a sharp rebuke from Beijing
Feb 04, 2023 03:35 AM

: Former CSRC Accounting Head Expelled From Communist Party
Wang Zongcheng found to have accepted bribes from supervision targets in exchange for securities regulatory information
Feb 04, 2023 03:12 AM

: China May Scrap Limit on Municipal Land Sales to Boost Fiscal Revenue, Sources Say
Notice sent to local governments in December failed to mention the annual auction cap on land parcel sales, indicating it might no longer be in effect
Feb 03, 2023 08:53 PM

: Gallery: Dragons, Drums Kick Off Lantern Festival
China marked the lead-up to the annual holiday with traditional festivities including dragon dances, drum performances and lantern shows. Celebrated on the 15th day of the first month of the Chinese lunar calendar, the event marks the end of the Spring Festival and the first full moon of the new year. This year it falls on Sunday
Feb 03, 2023 08:40 PM

: Chartered Flights Show China’s Coastal Labor Shortage Is Getting Serious
Hiring private planes is just one measure provinces like Guangdong and Fujian have taken to get migrant workers back on the job as factories ramp up production with the end of ‘zero Covid’
Feb 03, 2023 08:16 PM

: Tech Insider: AI-Robot Maker UBTech Seeks IPO, U.S. Lawmaker Takes Aim at TikTok
XPeng flying car unit gets approval for manned testing, auto insurer Cheche seeks back-door listing
Feb 03, 2023 08:01 PM

: Gallery: China’s Star Sprints to Gold
Su Bingtian gained his first gold of the season Thursday, winning the men’s 60-meter final with a time of 6.59 seconds at the World Athletics Indoor Tour 2023 Gothenburg Games in Sweden. Su won international recognition in 2021 after setting a new Asian record in the men’s 100-meter sprint at the Tokyo Olympics. In 2019, he clocked 6.42 seconds in the men’s 60-meter final during the IAAF World Indoor Championships, making him one of the all-time top five fastest runners in the event
Feb 03, 2023 07:53 PM

: China’s EV Market Downshifts on Scaled-Back Incentives
Retail sales of electric and hybrid vehicles over the first 27 days of January plunged 43% to 304,000, down 1% from a year earlier, industry data show
Feb 03, 2023 06:41 PM

: Opinion: How China’s Chip Industry Should Respond to the U.S.-Japan-Netherlands Alliance
A recently established partnership between the three countries threatens to cut China’s access to key chipmaking equipment, so Chinese firms must move quickly to secure international cooperation where it can be found
Feb 03, 2023 05:38 PM

: Chinese Lidar Firm Hesai Targets $171 Million IPO
The offering will make the company among the first from China to float in the U.S. this year, heralding a wave of listings riding on the recent market boom
Feb 03, 2023 05:28 PM

: Analysis: How China Can Avoid Long-Term Fallout From a Shrinking Population
The country will need to improve labor productivity and spur technological innovation to make better use of a shrinking workforce, demographers say
Feb 03, 2023 05:10 PM

: Starbucks Slips as China Weakness Hits Results
Coffee chain reports profit and comparable sales numbers that fell short of Wall Street expectations as Chinese stores took a hit from Covid-19
Feb 03, 2023 04:32 PM

: China’s Top Diplomat Calls for Military Caution, Economic Cooperation With Japan
Foreign Minister Qin Gang expressed the need for sensitivity over issues related to Taiwan and disputed islands in the East China Sea
Feb 03, 2023 04:27 PM