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

: In Depth: Chinese Education Firms Learn Tough Lessons Overseas
As they expand, tutoring firms are finding it hard to localize offerings across markets and retain staff abroad

: China’s Youth Struggle to Find Work Despite Drop in Jobless Rate
Beijing earmarks $9.3 billion to boost employment as joblessness among educated workers continues to cause concern

Investment in new reactors grew in 2023 to more than $13 billion, a recent report shows

: Alibaba Doubles Down Overseas for New Growth Drive
AIDC, responsible for global businesses, is considered Alibaba’s most promising segment, despite stiff competition from fast-rising upstarts

Hytera Communications Resume Global Sales After U.S. Court Lifts Ban

Chinese walkie-talkie manufacturer says it will work closely with global partners to resume normal business

Apr 17, 2024 04:51 PM

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: Energy Insider: Nuclear Power Investment Balloons, China ‘Extends Dominance’ in Clean-Tech Supply Chains
Coal reserve system to be set up by 2027, Chengdu to roll out incentives for commercial hydrogen vehicles, IEA official calls for more policy attention on carbon capture tech
Apr 18, 2024 06:51 PM

: In Depth: Why China’s Project Whitelists Can’t Cure Real Estate Slump
Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn
Apr 18, 2024 06:47 PM

: China Looks to Employ Big Data to Tackle Persistent Misconduct in Soccer
General Administration of Sport proposes working with ‘internationally renowned’ sports data firms to monitor soccer matches in real time
Apr 18, 2024 06:27 PM

: Charts of the Day: Chinese Coffee Startup Cotti Brews Up a Price War With Luckin
Cotti Coffee had 6,570 stores on the Chinese mainland as of March, up from just six in October 2022 when it was launched by Luckin’s disgraced co-founders
Apr 18, 2024 05:41 PM

: Huawei Unveils New Phone Lineup to Ramp Up the Pressure on Apple
The Pura 70 smartphone series starts at around $760, and scales all the way to $1,380, matching the price tag on some iPhone 15 models
Apr 18, 2024 05:24 PM

: Gallery: Koreans Grieve Sewol Ferry Victims
Ten years after the vessel sank in South Korea, killing more than 300 people, families of the victims gathered to mourn the deceased. On April 16, 2014, the ferry began taking on water while carrying 476 people from the port of Incheon to Jeju Island. It capsized and sank on live TV, stunning the nation. Among the dead or missing were 250 high school students. Investigations determined that the ship had been modified illegally and that it was overloaded on the day it sank, Reuters reported
Apr 18, 2024 04:06 PM

: Daily Tech Roundup: Alibaba Doubles Down Overseas, VW Debuts China EV Software
China still ASML’s top market despite U.S. chip tool restrictions, China’s nuclear power investment hits record high
Apr 18, 2024 03:12 PM

: Shanghai Composite Index Rose 0.09% on Thursday
Shenzhen Component Index closed down 0.05%
Apr 18, 2024 03:03 PM

: Ashmore Breaks With Consensus With Big Bet on China Over India
U.K.-based asset manager, previously overweight on India, has booked profits as many companies reached valuations that ‘ultimately don’t look sustainable’
Apr 18, 2024 02:13 PM

: Rich Chinese Tourists Drive Luxury Demand in Japan on Weak Yen
LVMH, the world’s largest luxury group, saw Chinese demand grow 10% in the first quarter, if those shopping outside the country are included
Apr 18, 2024 01:19 PM

: Yuan Keeps Climbing in Global Payment Rankings as Euro Slips, SWIFT Says
The portion of transactions involving the Chinese currency rose to 4.7% in March, while its European counterpart dipped below 22%
Apr 18, 2024 12:42 PM

: CX Daily: Chinese Education Firms Learn Tough Lessons Overseas
China’s home prices continue to fall amid sluggish sales. China should do more to drive adoption of carbon capture tech, IEA’s energy technology chief says
Apr 18, 2024 10:57 AM

: U.S. Steel ‘Guaranteed’ to Stay U.S. Owned, Biden Tells Steelworkers
President Joe Biden called for higher tariffs on Chinese steel and aluminum as he sought to woo union workers ahead of November’s election
Apr 18, 2024 05:46 AM

: U.S. Trade Probe on Chinese Shipbuilding ‘a Mistake,’ Ministry Says
America can’t blame China for its own industrial problems, says Chinese Commerce Ministry statement
Apr 18, 2024 05:26 AM

: VW Unveils Electric Vehicle Software Specifically Designed for China
German carmaker looks to the long term to rebuild its China market
Apr 18, 2024 05:03 AM

: China Is Still ASML’s Top Market Despite U.S. Chip Tool Restrictions
Beijing steps up chipmaking efforts as U.S. block on exports of key equipment kicks in
Apr 18, 2024 04:59 AM

: Exclusive: China Should Do More to Drive Adoption of Carbon Capture Tech, IEA Official Says
The technology can help reduce the emissions of China’s heavy industries such steel and cement, Timur Gül tells Caixin
Apr 17, 2024 07:21 PM