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

TOP STORIES

: In Depth: Why Chinese Companies Hesitate to Hedge Forex Risk
The central government has been trying to get more foreign-trade firms to protect themselves in the face of this year’s swings in the yuan exchange rate, but companies have reasons to be reluctant

: Local Governments’ Covid-19 Testing Bills Pile Up, Corporate Earnings Show
Accounts receivable at China’s major testing service providers surged in the first half of 2022, squeezing liquidity at some firms

Caixin Explains: Washington’s Drive to Hobble Chinese Chipmaking

A new law that could force chipmakers to choose between the U.S. and China is just the latest effort to keep the Asian giant from moving up the semiconductor supply chain

: China’s Manufacturing Activity Shrinks as Power Cuts Bite, Caixin PMI Shows
The country’s manufacturing sector contracted in August as sporadic Covid-19 outbreaks and power cuts caused by a record heat wave weighed on factory operations

China’s Local Governments Sell Assets as Fiscal Income Slumps

Covid lockdowns, a slowing economy, the property market collapse and tax cuts hurt revenue and force authorities to raise funds in other ways

A-Share Database >>

Caixin China Biz Roundup: China’s Covid Rules Are U.S. Companies’ Biggest Headache

Aug 31, 2022 06:18 PM

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LATEST NEWS

: Nvidia Declines on Warning That China Restriction May Hurt Sales
Shares of the chip designer drop as much as 5.1% in extended trading following the disclosure that some products will require U.S. government approval to be sold to Chinese customers
Sep 01, 2022 01:48 PM

: CX Daily: Why Chinese Companies Hesitate to Hedge Forex Risk
China’s cabinet sends teams headed by minister-level officials to 10 provinces to supervise implementation of measures to bolster the economy
Sep 01, 2022 08:43 AM

: Sany Profit Falls 73.85% as Demand for Construction Gear Dries Up
Covid shutdowns and the real estate disaster wipe out market for excavators and other equipment, slamming competitors and component suppliers
Sep 01, 2022 04:24 AM

: China-Traded Companies Book $470 Billion of First Half Profit
Gain of 3.19% in net income beats expectations, led by businesses in oil and gas, batteries and new energy
Sep 01, 2022 04:09 AM

: Russia’s Top Gold Producer Sells $670 Million of Bonds in Yuan
PJSC Polyus becomes the second Russian company to borrow in yuan as businesses seek dollar alternatives in the face of Western sanctions
Sep 01, 2022 03:57 AM

: China Provides the Big Deals as IPOs Slump Globally
First-time share sales in Asia Pacific total $14.9 billion in August as Hong Kong and mainland offerings account for all but two of the $100 million IPOs
Sep 01, 2022 02:45 AM

: NetEase Acquires France’s Quantic Dream in Gaming Expansion
Chinese gaming giant steps up international expansion in the face of economic and regulatory headwinds at home
Sep 01, 2022 02:13 AM

: Gallery: Gorbachev’s Legacy
Mikhail Gorbachev, the last leader of the Soviet Union, passed away at the age of 91 in Moscow on Tuesday. Born in 1931, Gorbachev became general secretary of the Communist Party in 1985, and was best known for ending the Cold War and allowing the reunification of Germany. In 1990, he won the Nobel Peace Prize for his role “in the radical changes that have taken place in East-West relations”
Aug 31, 2022 08:16 PM

: China’s Big Brand Baijiu-Makers Have a Toast-Worthy First Half
Shanghai-listed Kweichow Moutai’s net profit rose more than 20%, while fellow first-tier distiller Wuliangye reported a jump of over 14%
Aug 31, 2022 07:52 PM

: Baidu Swings Back to Profit Even as Revenue Slips
China’s top search engine reported a $527 million profit for the second quarter
Aug 31, 2022 07:47 PM

: Graft Busters Tackle Education Official in Charge of Promoting Youth Soccer
Wang Dengfeng had been responsible for promoting the sport in Chinese schools from 2015, when central and regional governments began investing billions in venues and schools
Aug 31, 2022 07:10 PM

: Opinion: Evergrande Offshore Bondholders Must Think Carefully About Their Own Exposure
Bondholders ought to take into account the recent rulings of the Hong Kong court to determine the merits of their claim, specifically compared to their envisioned recovery under a traditional restructuring
Aug 31, 2022 07:06 PM

: Caixin China Biz Roundup: China’s Covid Rules Are U.S. Companies’ Biggest Headache
New survey highlights how Beijing’s virus policy impacts foreign businesses; mainland tourists can now get BioNtech's mRNA Covid jab in Macao; and the latest plan to revive the economy
Aug 31, 2022 06:18 PM

: Mikhail Gorbachev, Soviet Leader Who Ended Cold War, Dies at 91
The former president’s attempts to shake up his country’s political and economic system led to the collapse of the Communist superpower
Aug 31, 2022 06:13 PM