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

TOP STORIES

: In Depth: The March of Chinese Robots Into Domestic Factories
After doubling their market share over five years, automated industrial machines are set to make further inroads in China thanks to demand from the electronics industry and for factory upgrades

: Wanda Unit Seeking Hong Kong IPO Asked to Explain Its Business
China’s securities regulator asks Zhuhai Wanda for information on its transactions with shareholders and its safeguards against financial misconduct

In Depth: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions

World leader CATL and its peers face policy headwinds in the West that could benefit South Korean, Japanese rivals

: Beijing Reports Two Monkeypox Cases
The capital is the second city on the Chinese mainland to confirm at least one infection of the disease among humans

Wrongfully Convicted Man Seeks $2.9 Million in State Compensation

Xie Zhehai, who was sentenced to life in prison in 1996 for the murder of a 22-year-old woman, was exonerated in November 2022 due to a lack of evidence

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Caixin-Sinica Business Brief: China’s First Homegrown Jet Sets Sights on Airbus and Boeing

Jun 03, 2023 05:34 PM

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LATEST NEWS

: Gallery: China’s ‘Gaokao’ Exam Season Hits Fever Pitch
Across the country, anxious parents wait outside exam venues while their children take part in one of the most critical exams in China’s education system. The national college entrance examination, better known as ‘gaokao,’ got underway Wednesday. This year, the number of candidates set a new record at 12.91 million. Education authorities have set up 7,726 examination sites with 345,000 testing rooms nationwide to meet the demand
Jun 07, 2023 07:32 PM

: Indonesia Could Hit Net-Zero Target Five Years Ahead of Schedule, Minister Says
The major coal exporter could reach its goal by 2055 if it receives financial and technolog-ical support
Jun 07, 2023 06:35 PM

: China Expresses ‘Grave Concerns’ Over Ukraine Dam Collapse
Top Chinese envoy to the U.N. urges all parties in the conflict to abide by international law and to do their utmost to protect civilians and civilian infrastructure
Jun 07, 2023 05:29 PM

: Apple Vision Pro Release Raises Hopes at Sony, Other Asian Suppliers
Parts-makers stand to benefit if the pricey headset catches on in a market that has disappinted for years
Jun 07, 2023 05:13 PM

: Gallery: Ukraine Dam Breach Rocks Russia-Held Territory
Thousands of residents are being evacuated from their homes after the Nova Kakhovka dam collapsed Tuesday in the Russian-occupied Kherson region. Russia and Ukraine are blaming each other for the destruction. The crucial dam, which formed the country’s largest reservoir, supplied water to large areas of the southeast and the Crimean Peninsula. The U.N. said there is no immediate nuclear safety risk to the Zaporizhzhia nuclear power plant, which lies upstream and relies on the reservoir for cooling water
Jun 07, 2023 05:08 PM

: Shanghai Composite Index Rose 0.08% on Wednesday
Shenzhen Component Index closed down 0.6%
Jun 07, 2023 03:03 PM

: CX Daily: U.S. Tensions Could Sap Chinese EV-Battery Makers’ Global Ambitions
Senior China and U.S. officials meet in Beijing to discuss mending frayed relations
Jun 07, 2023 09:34 AM

: Tobacco Graft Crackdown Nets Another Retired Executive
Wu Yi, former deputy general manager of China Tobacco Yunnan, comes under investigation four days after former colleague Zhu Shaoming
Jun 07, 2023 05:22 AM

: Fosun Pharma Secures $54 Million of IFC Loans for West Africa Plant
Côte d’Ivoire factory will produce anti-malaria and anti-bacterial drugs to improve public health across the region, World Bank unit says
Jun 07, 2023 05:08 AM

: More Chinese Developers Are About to Be Kicked Off Stock Markets
A dozen property companies are at risk of delisting, which would slam the door on an important funding channel
Jun 07, 2023 04:59 AM

: China’s Greater Bay Technology Claims EV Battery Breakthrough
Startup unveils its Phoenix cell made with superconducting materials which addresses loss of power and range in cold weather
Jun 07, 2023 04:55 AM

: Junshi Biosciences Aims to Raise $4.77 Million From International Share Sale
Money-losing Chinese cancer drug maker plans offering of global depositary receipts to be listed on Swiss exchange as it raises cash for R&D
Jun 07, 2023 03:14 AM

: Venture-Capital Firm Sequoia to Separate China Business as Political Tensions Rise
The Silicon Valley company will split into three independent partnerships with different brands
Jun 06, 2023 09:27 PM

: Opinion: Why China’s Bank Deposit Rates Should Fall
The rapid increase in financial institutions’ deposit-loan gap, which grew to a staggering $6.8 trillion at the end of April, is a sign that residents are saving too much in an economy that could benefit from more spending
Jun 06, 2023 08:29 PM

: Registrations for Private Fund Managers Nosedive After New Rules Take Effect
Two companies got registered in May, down from 139 the previous month, as new Chinese regulations went into force
Jun 06, 2023 07:35 PM