Cover Story: China Set to Ease Controls on Genetic Resources to Plug Biotech Innovation Gap
The National Health Commission is spearheading the reform, Caixin has learned, in response to complaints that overly tough restrictions are choking innovation, particularly in the biotech and pharmaceutical sectors
Inter Milan Faces Financial Jeopardy if Owner Suning Fails to Repay Nearly $380 Million
The Chinese retailer had pledged its majority stake in the Italian soccer team as collateral for a loan from Oaktree Capital Management
China Hands Out $14 Million in Vouchers to Bolster Tourism
More than 6,300 measures for travelers have been created for a monthlong effort in May to spur spending
Beijing to Pilot Shared Electric Bikes in Southeast Suburb
The shared electric bikes must meet new national standards and Beijing regulations, including registration and smart helmets
China’s Fiscal Revenue and Land Sales Continue to Fall as Property Slump Grinds On
China’s national fiscal revenue fell 3.7% in April while government expenditure accelerated, Ministry of Finance data shows
CX Daily: China set to ease controls on genetic resources to plug biotech innovation gap
Xi offers his condolences after lran’s President dies in a helicopter crash. China’s minister of agriculture is probed for corruption. Plus, Suning risks losing control of Inter Milan.
May 21, 2024 10:23 AM
Li Auto Sales Disappoint Amid Tepid Demand for Pure Electric Car
Li Auto’s first quarter profits fail to meet analysts’ forecasts as sales of its MEGA van disappoint and competition hots up
May 21, 2024 04:05 AM
Audi and SAIC Deepen Ties to Launch Electric Car Lineup in China
Automakers join forces to develop Advanced Digitized Platform and to launch three battery-electric models
May 21, 2024 04:03 AM
Troubled EV-Maker HiPhi Plans to Resume Production in Months Following Deal With U.S. Auto Firm
The Chinese luxury EV brand is set to get up to $1 billion in initial investment following a production halt in February
May 20, 2024 06:28 PM
Gallery: South China Pounded by Record Rainfall
Powerful rainstorms battered the Guangxi region over the weekend, with some areas, including the capital Nanning, receiving exceptionally heavy precipitation that led to roads flooding. The town of Longmengang in the port city of Qinzhou broke its 24-hour cumulative rainfall record, as well as the region’s historical record for hourly rainfall
May 20, 2024 08:07 PM
Minsheng Bank Chooses Shanghai Branch Chief to Chair Wealth Management Unit
Cong Jun is expected to take over the chairman position at CMBC Wealth Management from Ouyang Yong, who has reached retirement age
May 20, 2024 07:43 PM
Chinese Banks Greenlight $129 Billion Loans for Whitelisted Property Projects
Top regulator says that lenders’ financing to developers has shown a stable increase
May 20, 2024 07:34 PM
Xi Offers His Condolences After lran’s President Dies in Helicopter Crash
President Ebrahim Raisi was returning from an event on the border with Azerbaijan when his craft went down amid dense fog
May 20, 2024 06:21 PM
Opinion: China’s Real Estate Industry Needs to Explore New Business Models
Finding a replacement for a model that depends on high debt, high leverage, and high turnover will require the government and the sector to figure out how to reduce inventories
May 20, 2024 06:11 PM
Shanghai Composite Index Rose 0.54% on Monday
Shenzhen Component Index closed up 0.43%
May 20, 2024 03:03 PM
China’s EV-Makers Taking Longer to Pay Bills Amid Rising Stress
Automotive upstart Nio and XPeng took weeks longer on average to clear their receipts payable in 2023, as compared with two years earlier
May 20, 2024 02:51 PM
Daily Tech Roundup: EV Battery Startups Spearhead Race for Solid-State, TikTok Parent Seeks to Fast-Track Suit Against U.S.
GAC’s electric car brand teams up with CATL on battery-swapping business, Hong Kong officially launches digital yuan payments pilot
May 20, 2024 02:31 PM
Overseas Buyers Snap Up China Stocks Amid Housing Measures
Traders purchased $1.9 billion of mainland shares via the links with Hong Kong on Friday, the most since a record day in late April
May 20, 2024 02:24 PM
China’s Travelers Are Coming Back in Good News for Trip.com
Company’s shares hit a record in Hong Kong on Friday, rising for a fifth day, and are up 58% this year
May 20, 2024 02:13 PM
Didi’s President Liu Relinquishes Title as Firm Rebuilds
Jean Liu, one of the few high-profile female leaders in China’s tech industry, will remain with the Chinese ride-hailing company as chief people officer, internal memo shows
May 20, 2024 01:49 PM
China’s Minister of Agriculture Investigated For Corruption
Tang Renjian, who was appointed minister in December 2020, is being probed for ‘severe violations of discipline and law’
May 18, 2024 06:58 PM
GAC’s EV Brand Teams Up With CATL on Battery-Swapping Business
Aion will develop EV models with swappable batteries, while CATL will supply battery packs, as carmaker seeks to expand its business amid slumping sales
May 18, 2024 06:31 PM
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