Caixin

In Depth: China’s State-Backed Hydrogen Vehicle Industry Struggles to Find Its Feet

Questions remain about the sustainability of subsidies, overdependence on government support, and weak private sector demand for the pricey vehicles

Fosun Close to Getting $2.11 Billion Loan Amid Cash Crunch

Lending syndicate including ICBC and China Minsheng Bank may start releasing credit next month to bail out troubled conglomerate, banking sources say

The U.S. Dollar Juggernaut Is Undermining China’s Exports and Imports

The seemingly unstoppable rise of the greenback is piling pressure on Chinese traders due to higher exchange rate costs, industry insiders say

Caixin China Biz Roundup: Philippines Gambling Cleanup Could See 40,000 Chinese Workers Deported
Sep 30, 2022 10:41 PM
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Weekend Long Read: An Economist Explains Why Immigrants Won’t Take Chinese People’s Jobs Away

Along with working, incomers create employment opportunities, which can be a boon for up-and-coming communities, professor Li Jingkui explains

Oct 01, 2022 10:00 AM

Chinese mRNA Covid Shot Wins Approval in Indonesia

Though not authorized in China, vaccination developed by Walvax, Suzhou and the Chinese military will be produced in Indonesia

Oct 01, 2022 04:10 AM

China Offers Rare Tax Rebate to Spur Home Buying in Crisis

Those who upgrade their housing will get a refund of income taxes on profits from selling their old unit through 2023

Oct 01, 2022 04:06 AM

Baowu Steel Lines Up Singapore Partners for Simandou Project

Chinese steel giant’s consortium will develop northern part of the massive Guinea iron ore deposits in addition to Baowu’s participation in the southern portion

Oct 01, 2022 04:06 AM

Caixin China Biz Roundup: Philippines Gambling Cleanup Could See 40,000 Chinese Workers Deported

Southeast Asian nation shuts down 175 gambling websites; domestic factory activity wanes further as Covid restrictions drag on; and Xi and Japan’s Kishida discuss ties

Sep 30, 2022 10:41 PM

Gallery: Beijing Plays Host to Giant Party Animals

A Dutch artist known for his playful and colossal animal installations has brought his first large-scale solo exhibition to China. Hosted by Beijing’s Today Art Museum, ‘Celebrate!’ is a showcase of 25 works by Florentijn Hofman including a new version of the famous yellow rubber duck floating sculpture that appeared in several major cities, as well as an 8-meter-tall floral sparrow warbler installation titled ‘Bird with Party Hat’

Sep 30, 2022 08:33 PM

Vanke’s Property Management Unit Slides Further After Hong Kong Debut Flops

Onewo’s stock tumbled as turmoil in China’s real estate market fuels a sector-wide devaluation

Sep 30, 2022 07:24 PM

China Green Bulletin: Battle Lines Shape Up in NEV Market

European demand for Chinese solar panels soars, central government to extend NEV purchase tax exemption for another year

Sep 30, 2022 06:53 PM

Ex-Provincial Police Chief Expelled Over Charges of Bribery, Sham Marriage

China’s top graft buster says Wang Dawei sought power and wealth, and faked a marriage to conceal his family’s whereabouts

Sep 30, 2022 06:40 PM

Fisher: Don’t Let ‘Lost Decade’ Talk You Out of China Tech

Chinese technology stocks are certainly under pressure in the near-term, but beware of extrapolating that into the future because history shows that such forecasts fail

Sep 30, 2022 05:34 PM

Gallery: China’s Homegrown Jet Is Ready for Takeoff

China has certified the C919, its single-aisle commercial passenger plane, to carry 156 to 168 passengers. Work on the aircraft, developed by domestic engineers, began in 2008, with the prototype completed in 2015. The C919 has a range of 4,075 to 5,555 kilometers. Chinese aircraft manufacturer Comac has received 815 orders for the aircraft from 28 clients. The plane is expected to be put into commercial use next year

Sep 30, 2022 04:52 PM

Former Shanghai Chief Prosecutor Booted From Communist Party for Graft

Zhang Bencai interfered with judicial activities and accepted ‘large amounts’ of money and valuables as bribes, China’s anti-corruption watchdog found

Sep 30, 2022 03:38 PM

China Ramps Up Housing Support but Analysts Say It’s Not Enough

Eligible cities will be able to maintain, lower or remove the minimum interest rates set for loans that go toward primary-home purchases

Sep 30, 2022 03:05 PM

Shanghai Composite Index Fell 0.55% on Friday

Shenzhen Component Index closed down 1.29%

Sep 30, 2022 03:03 PM

China on Alert With Yuan at the Mercy of Overseas Traders

The currency traded in Shanghai is matching a record run of monthly losses set during the height of the U.S.-China trade war four years ago

Sep 30, 2022 03:02 PM
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