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

: Weekend Long Read: How Factory Offshoring Will Impact China’s Exports
The structure of Chinese exports is likely to shift over the long term, with growth of low-end product exports slowing, while that of high-tech goods could speed up

: 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

: Hong Kong-Mainland ETF Connect May Start in Two Months
Beijing and Hong Kong securities regulators agree on plan to carry out exchange-traded fund link proposed in December

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

Caixin China Biz Roundup: Covid Tests for the Dead

May 27, 2022 05:48 PM

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: Kangmei Investors Collect $364 Million in First Class-Action Judgment
Scandal-plagued drugmaker issues fraud compensation payments to 52,000 stockholders under terms of November court ruling
May 28, 2022 04:12 AM

: Greenland Holdings Rocks Bond Market With Payment Delay Plan
State-backed Chinese builder among the industry’s highest-rated borrowers asks to delay $488 million bond payment due June 25 by a year
May 28, 2022 04:02 AM

: China Opens Bond Exchange Market to Overseas Investors
Central bank and securities regulator move to lure capital inflows following record sell-off of Chinese holdings by foreign investors
May 28, 2022 03:48 AM

: 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
May 27, 2022 09:00 PM

: Tech Insider: Baidu Boosts Robotaxi Team, Alibaba’s Widening Losses
TikTok launches livestream subscription program, Xiaomi strikes deal with Huawei’s former camera partner
May 27, 2022 08:54 PM

: 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