Caixin

China Relaxes Restrictions on Overseas Loans so Developers Can Repay Dollar Bonds

The practice was basically halted to prevent capital flight, but now it is hoped international branches of domestic lenders can help struggling property firms, sources say

Foxconn’s Sales Plunge Amid Zhengzhou iPhone Factory Disruption

November revenue drops nearly 30% from October as workers flee Covid outbreak, forcing the plant to jack up wages and offer bounties to lure people back

Shanghai, Hangzhou Join Ranks of Chinese Regions Easing Covid Rules

The two major business hubs, alongside multiple cities, have followed Beijing and Guangzhou in relaxing testing requirements and other virus control measures

China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
Dec 06, 2022 03:28 PM
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Malaysia’s East Coast Rail Link Project to Continue Under Anwar

Construction has already started on the $11.5 billion railway, with 12 tunnel breakthroughs completed along on the 655-kilometer line

Dec 06, 2022 04:11 PM

Beijing Scraps Covid Test Requirement for Public Places

Residents can enter areas including office buildings, supermarkets and residential communities without a negative result, but the government denied rumors of a complete end to testing

Dec 06, 2022 04:05 PM

China’s Local Credit Market Weakens Further on Fund Outflows

The country’s bond market has been hit by shifting investor sentiment on inflation, with Beijing potentially nearing the end of monetary easing that had pushed yields lower this year

Dec 06, 2022 03:36 PM

China Stories: The Rural Hardship Behind the Mine Murders That Shocked China

Caixin reporter Wang Heyan shares her interviews with victims’ families about the hardscrabble reality of rural life in Northwest China

Dec 06, 2022 03:28 PM

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed up 0.67%

Dec 06, 2022 03:03 PM

CX Daily: China’s ‘Zero-Covid’ Looks Done. So, What To Expect Next?

More regions in China ease coronavirus testing requirements. The country’s services activity contracts for a third straight month, Caixin PMI shows

Dec 06, 2022 09:47 AM

Former HKEX CEO Charles Li to Launch Micro Connect Exchange in Macau

New financial assets platform will offer global investors access to China’s micro and small businesses, which will benefit from more financing

Dec 06, 2022 04:35 AM

BYD Has Tesla In Its Sights After a Year of Runaway Growth

Warren Buffet-backed EV giant moves into higher-profit luxury vehicles but still lacks a clear digital DNA, industry analysts say

Dec 06, 2022 04:18 AM

Shein to Spend $15 Million on Factories After Labor Abuse Findings

Chinese fast-fashion giant slashes orders from two suppliers after probes find excessive working hours and allegations of illegal penalties

Dec 06, 2022 04:15 AM

Gallery: Jiang Zemin’s Life in Pictures

The former president’s remains were cremated Monday at Babaoshan Revolutionary Cemetery in Beijing. Born in 1926 in East China’s Jiangsu province, Jiang joined the Chinese Communist Party in 1946 and served as the paramount leader of China from 1989 to 2002. As leader, Jiang paved the way for China’s economic miracle and its growing global status. His memorial service will be held Tuesday

Dec 05, 2022 08:11 PM

Gallery: Taikonauts Touch Down

Three taikonauts, China’s name for astronauts, landed in Inner Mongolia on Sunday night, returning in the Shenzhou-14 spacecraft after six months aboard the Tiangong space station. The crew, which took off on June 5, conducted five rendezvous and dockings, performed three spacewalks and gave online science lectures from the space station

Dec 05, 2022 07:33 PM

Shanghai Composite Index Rose 1.76% on Monday

Shenzhen Component Index closed up 0.92%

Dec 05, 2022 03:03 PM

Huawei Pushes Smartwatches in Japan as U.S. Sanctions Bite

The wearables can be made without cutting-edge chips subject to restrictions that are used in its smartphones

Dec 05, 2022 01:58 PM

China Stocks Climb, Yuan Rises Past Key Level on Reopening Shift

The currency broke the closely watched 7-per-dollar level, while a Hong Kong index of mainland stocks rallied as much as 4%

Dec 05, 2022 01:09 PM

Oil Jumps as China Loosens Curbs and OPEC+ Keeps Output Steady

U.S. benchmark crude price climbs above $81 a barrel, building on last week’s nearly 5% gain

Dec 05, 2022 01:03 PM
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