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

: In Depth: China’s Silver Screens Lose Their Luster as Pandemic Grinds on
After years of disruption to theater operations and filmmaking, the country’s movie industry is nearing the brink

: China Subsidizes Airlines, Car Purchases to Ease Pain of Crippling Lockdowns
Authorities issue a raft of measures to boost consumer spending and support businesses hit hard by persistent Covid controls

National Healthcare Security Administration says local medical insurance funds shouldn’t be used for large-scale programs

: Bill Gates and Former WHO Chief Call for Action Against Vaccine Fears
Disinformation on Covid vaccines has had a devastating impact during the pandemic, pair tell Caixin event

Tech Insider: Baidu Boosts Robotaxi Team, Alibaba’s Widening Losses

TikTok launches livestream subscription program, Xiaomi strikes deal with Huawei’s former camera partner

Caixin China Biz Roundup: Covid Tests for the Dead

May 27, 2022 05:48 PM

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: Covid Controls Slice Beijing Restaurants’ Income in Half, Survey Shows
Eateries look for new ways to serve customers, including street stalls, with mixed results
May 27, 2022 08:48 PM

: Opinion: How Davos Fell Behind the Times
The WEF and other global forums, once a haven for the elite to debate and set the global agenda, are increasingly providing less and less leadership
May 27, 2022 08:45 PM

: Gallery: Art by the Sea in Senegal
Contemporary art installations are showcased along the seafront of Senegal’s capital of Dakar for the 14th Biennale of Contemporary African Art, one of the largest art events in Africa. The exhibition returned after two years of delays due to Covid-19. Centered on the theme “Forging: Out of the Fire,” this year’s exhibition featured 59 artists from 28 countries, including 24 works by 12 Chinese artists. China was invited as a guest country of honor for the first time in the event’s history
May 27, 2022 08:18 PM

: Beijing Health Officials Probed for Covid Testing Fraud
The trio were responsible for supervising a lab where testing irregularities were found in an investigation launched earlier
May 27, 2022 08:12 PM

: China Green Bulletin: Beijing’s Climate Envoy at Davos
Vice premier emphasizes environmental protection in achieving dual carbon goals, and China to implement rural clean energy projects
May 27, 2022 06:37 PM

: Gallery: Prestigious Dance Troupe Takes Final Bow
With the announcement of the dissolution of modern dance troupe Dynamic Yunnan, Caixin looks back at some of the 7,000 shows that the prestigious group has put on over 19 years. The troupe last disbanded during the SARS outbreak in 2003, and now finds itself in a similar position — unable to perform because shows have been canceled due to the persistent presence of Covid-19 in the country
May 27, 2022 06:21 PM

: Caixin China Biz Roundup: Covid Tests for the Dead
Funeral home gets ridiculed online for demanding negative virus test results from the deceased; logistics companies grapple with lockdowns; and property giants ask for more time to pay back bonds
May 27, 2022 05:48 PM

: Apple to Keep iPhone Production Flat as Market Outlook Darkens
The company is asking suppliers to assemble roughly 220 million of the devices, about the same as 2021
May 27, 2022 05:35 PM

: Shanghai Composite Index Rose 0.23% on Friday
Shenzhen Component Index closed down 0.12%
May 27, 2022 03:03 PM

: China Tech Shares Surge as Sales Beats Boost Sentiment
Hong Kong’s Hang Seng Tech Index gained as much as 4.9%, the most in a week, with Baidu and Alibaba among the top gainers, rallying by at least 13% each
May 27, 2022 01:18 PM

: Weekly Must-Read: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry
Securities authority says the industry should become more diverse and focus on long-term returns
May 27, 2022 11:22 AM

: CX Daily: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays
China’s premier puts greater emphasis on growth. No political labels should be placed on climate cooperation, U.S. climate envoy John Kerry says
May 27, 2022 09:38 AM

: Steel Craters in China as Demand Dries Up Amid Covid Lockdowns
Prices plunge 14% from April highs and stockpiles at steelmakers skyrocket, reflecting the crash in construction as well as weakness in manufacturing
May 27, 2022 05:25 AM

: Alibaba’s Sales Beat Eases Fears of Covid’s Economic Fallout
Quarterly revenue rises a better-than-expected 9%, reassuring investors and driving the shares up 10.3% in New York
May 27, 2022 04:03 AM

: Baidu Sales Rise After AI Push Helps Offset China Slowdown
Search engine giant’s 1% quarterly revenue gain beats estimates as pivot into hard tech like cloud computing and chips starts to show results
May 27, 2022 03:55 AM