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

TOP STORIES

: China’s Housing Market Weakens Further Amid Shaken Confidence
July new-home prices decline in 40 major cities while values of existing units drop in 51 as the property market loses more steam

: U.S. Restrictions on Chip Software Exports Could Bite in the Long Term, Analysts Say
Controls on EDAs could make it harder for China to develop the next generation of semiconductors

Cover Story: The Challenges Ahead for China’s Digital Yuan

In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure

: SAIC-Backed Xiangdao Raises $148 Million and Eyes IPO
Fundraising by ride-hailing service brings in autonomous-driving startup Momenta as an investor in a move toward robotaxis

Wuling-GM Venture Speeds Into Indonesia With New Electric Car

The first of the low-cost, two-door mini vehicles rolled off the production line last week

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Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings

Aug 15, 2022 07:59 PM

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LATEST NEWS

: PBOC Sets Weaker Fixing After Yuan Tumbles to Three-Month Low
Analysts expect the gap between U.S. and Chinese interest rates to continue to widen this year as the Fed continues to tighten
Aug 16, 2022 03:11 PM

: Shanghai Composite Index Rose 0.05% on Tuesday
Shenzhen Component Index closed up 0.08%
Aug 16, 2022 03:03 PM

: Beijing Sanctions More Individuals in Taiwan in Response to U.S. Congressional Visits
The sanction list includes seven politicians on the island, including its representative in Washington, Hsiao Bi-khim, who was referred to as one of several ‘stubborn Taiwan independence players’
Aug 16, 2022 01:46 PM

: Oil Extends Losses on Global Slowdown and Chance of More Supply
WTI futures slid toward $88 a barrel after falling around 5% over the previous two sessions
Aug 16, 2022 01:23 PM

: CX Daily: The Challenges Ahead for China’s Digital Yuan
Flash floods in Sichuan province kill seven people. China’s youth unemployment rate rises to another record
Aug 16, 2022 08:35 AM

: China Peeks Behind the Curtain at Alibaba, ByteDance and Tencent
Internet giants give regulators access to prized algorithms for the first time under government disclosure requirements
Aug 16, 2022 03:20 AM

: Hong Kong Watchdog Investigates Evergrande Over Deal Audits
Financial Reporting Council probes accounts and audits of transactions at the company and its property services unit
Aug 16, 2022 02:49 AM

: Caixin China Biz Roundup: Hong Kong ‘Homecoming’ Listings
More Chinese companies are turning to the Asian financial hub as the threat of U.S. delisting looms; Huawei reverses six-quarter sales slump; and the latest on the Henan banking scandal
Aug 15, 2022 07:59 PM

: Gallery: Yangtze Brought Low by Summer Drought
Heatwaves and sparse rain have left China’s longest river parched, with water volumes along its longest sections in Jiujiang, Nanjing and Wuhan dropping to record lows in July. The river’s basin usually floods at some point in the summer, when its water levels peak in August
Aug 15, 2022 07:53 PM

: Flash Floods in Southwest China Kill Seven as Tourists Ignore Warning
Signs around the Longcao valley rapids near Chengdu warn of the danger of flooding, but hordes made the trip regardless
Aug 15, 2022 07:49 PM

: Gallery: China Defeats Japan in Volleyball Final
China beat Japan 3-0 in the men’s final of the 2022 Asian Volleyball Confederation Cup to claim the crown for the second time in a decade. The Chinese team went into the final unbeaten throughout the tournament in Nakhon Pathom, Thailand, and maintained a clean sweep over their East Asian neighbor. The Chinese men’s team first became AVC champions in 2012
Aug 15, 2022 07:38 PM

: China’s Youth Unemployment Rate Rises to Another Record
NBS attributes the high jobless rate among workers under the age of 25 to a slow recovery of the service industry and the large cohort of graduates entering the job market this time of year
Aug 15, 2022 06:55 PM

: Editorial: Promoting Greater Fiscal Discipline in Government
Greater government fiscal discipline involves complex redistributions of benefits, but in the end it will improve China’s national governance capability
Aug 15, 2022 06:49 PM

: Shanghai Schools to Reopen After Classes Suspended in March
Kindergartens, primary and secondary schools will reopen in September. Students will have to produce a negative Covid test result every day to attend classes
Aug 15, 2022 03:48 PM

: China’s Stock Connect Program Adds Trading Days in Holiday Fix
The new measure will cut the number of days when trading isn’t allowed by about half
Aug 15, 2022 03:45 PM