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

TOP STORIES

: In Depth: Where Do Fake Covid Drugs Come From?
Amid a pandemic buying frenzy and surging black market prices, Chinese distributors point fingers at manufacturers of generic drugs in India

: IMF Raises China’s 2023 Growth Forecast to 5.2% as Economy Reopens
The fund revises up its projection from October’s 4.4% on the back of a faster-than-expected recovery

Cover Story: The Vision of Singapore’s Next Prime Minister

Lawrence Wong sees himself as a ‘servant leader,’, he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’

: China Watchdog Seeks Indictments for Senior Grain Officials in Corruption Dragnet
The former deputy general manager of state stockpiler Sinograin is among 10 officials referred to prosecutors for allegedly pocketing millions of yuan in bribes

XPeng Flying Car Unit Wins Approval for Manned Testing

The firm’s X2 electric vertical take-off and landing vehicle has secured a special permit allowing it to conduct tests before getting an airworthiness certificate

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China Stories: Strict Rules at Home Push Chinese Metaverse Entrepreneurs, Investors Overseas

Jan 27, 2023 04:56 PM

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LATEST NEWS

: Editorial: The Urgent Need for Global Cooperation
In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change
Jan 31, 2023 08:18 PM

: Tech Insider: JD.com Suffers Southeast Asia Setback, IFlytek’s Stock Surges
CATL plans $3.5 billion battery recovery project, China’s 2022 smartphone sales plumb 10-year low
Jan 31, 2023 07:45 PM

: Gallery: Curtains for Famous Hong Kong Fabric Market
After more than 40 years, Hong Kong’s iconic fabric market in Sham Shui Po closed on Tuesday to make way for public housing. The Yen Chow Street Temporary Hawker Bazaar, commonly known as Pang Jia, was built in 1978 and was once home to more than 190 textile stalls. As one of the oldest blue-collar neighborhoods in Hong Kong, Sham Shui Po’s streets, restaurants and old buildings boast a rich history behind the stalls
Jan 31, 2023 07:36 PM

: Samsung’s Fourth-Quarter Earnings Plummet Amid Global Chip Downturn
South Korean tech giant reports operating profit drop of 69% to $3.5 billion in its worst quarterly showing since 2014
Jan 31, 2023 06:45 PM

: Gallery: Deadly Mosque Bombing in Pakistan
Dozens have been killed in a suicide bombing at a mosque inside the police headquarters in Peshawar, Pakistan. Local media reported 93 dead and 221 injured as of Tuesday afternoon. The bombing occurred on Monday afternoon while more than 300 worshippers had gathered. A member of the Islamist organization Tehreek-e-Taliban Pakistan initially claimed responsibility for the attack, but that was later contradicted by a spokesperson who denied the group was involved
Jan 31, 2023 06:22 PM

: Shanghai Composite Index Fell 0.42% on Tuesday
Shenzhen Component Index closed down 0.8%
Jan 31, 2023 03:03 PM

: China’s Economic Activity Rebounds After Reopening
The official manufacturing PMI rose to 50.1 in January, while the non-manufacturing gauge jumped to 54.4
Jan 31, 2023 02:17 PM

: Guinea Gets Chinese Boost to Unlock Simandou Iron Ore Deposit
Rio Tinto, China Baowu Steel and an investment consortium will restart development at the site in the West African country in March
Jan 31, 2023 02:10 PM

: China Tells Dutch It Wants Open Supply Chains Amid U.S. Chip Curbs
The call between Foreign Minister Qin Gang and his Dutch counterpart comes as the Biden administration reportedly secured an agreement with the Netherlands and Japan to restrict exports of some advanced chipmaking machinery to China
Jan 31, 2023 02:05 PM

: CX Daily: The Vision Of Singapore’s Next Prime Minister
Most Chinese provinces make expanding household spending a priority. The country’s civil aviation industry plunges deeper into the red
Jan 31, 2023 09:31 AM

: JD.com Closes E-Commerce Businesses in Indonesia and Thailand
Chinese internet giant refocuses on supply-chain management and warehousing as Southeast Asia market grows hotly competitive
Jan 31, 2023 04:57 AM

: Novartis Eyes Market Potential Outside Biggest Chinese Cities
Swiss drug giant focuses on tier two and three cities for future growth, Chief Commercial Officer Marie-France Tschudin tells Caixin
Jan 31, 2023 04:36 AM

: China Finds No New Covid Variants Amid Massive New Year Migration
Virus circulating during holiday consists of older omicron strains, China CDC reports based on thousands of samples
Jan 31, 2023 04:15 AM

: Hong Kong Wealth Fund Posts Record $26 Billion Loss in 2022
Exchange Fund, which backs the Hong Kong dollar, was hurt by a sell-off in stocks and bonds as interest rates rose
Jan 31, 2023 04:04 AM

: China’s 2022 Smartphone Sales Plunge to Lowest Level in a Decade
Covid outbreaks slowed demand, but so did increased market penetration and lack of product innovation, market researchers say
Jan 31, 2023 03:43 AM