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In Depth: China Targets Payments Problem to Win Over Foreigners

Beijing has also added over a dozen more countries to its visa-free list recently, as it tries to clear the hurdles preventing a revival of inbound tourism

Police Investigate Zhongzhi Case Suspects’ Illegal Gains to Recoup Investor Losses

Beijing authorities have taken ‘criminal coercive measures,’ which include arrest, detention or residential surveillance, against the suspects

Cover Story: China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole

The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies

Mar 15, 2024 04:53 PM
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Commentary: Two Ways to Lift China Real Estate Out of Its Slump

Government purchasing of unfinished homes and an insurance program on pre-sale properties could help stop the flagging sector from further dragging on the economy

Mar 19, 2024 07:49 PM

CATL Says ‘Skateboard Chassis’ Offers EV-Makers Huge R&D Savings

The Chinese battery giant’s platform integrates batteries, electric motors, motor controllers and other key components under one structure, and can be used as the basis for new car models

Mar 19, 2024 07:35 PM

Gallery: North Korea Raises Profile of Kim’s Daughter

North Korean leader Kim Jong Un and his daughter Kim Ju Ae inspected military training at an undisclosed location, and attended the opening ceremony of the Gangdong Comprehensive Greenhouse in Pyongyang on Friday. The Korean Central News Agency reported on Monday that ‘great leaders visited the Gangdong Complex with party, government and military officials,’ in what was the first mention of Kim Ju Ae as a ‘leader’ in North Korean media

Mar 19, 2024 07:15 PM

Evergrande Accused of Falsifying Revenue by $78 Billion

The developer’s main onshore unit Hengda Real Estate boosted its 2019 and 2020 income by recognizing sales in advance, according to China’s securities regulator

Mar 19, 2024 06:38 PM

Japan Scraps Negative Rates in Sweeping Policy Overhaul

Bank of Japan guides overnight lending rates to 0%-0.1%, raising its benchmark for the first time in 17 years

Mar 19, 2024 05:56 PM

Shanghai Composite Index Fell 0.72% on Tuesday

Shenzhen Component Index closed down 0.58%

Mar 19, 2024 03:03 PM

Daily Tech Roundup: Alibaba Signals Possible Sale of Grocery Unit

Huawei smart car boss predicts unit will turn a profit in 2024, GAC partners with air taxi developer on flying car factory

Mar 19, 2024 02:41 PM

Longi Layoffs Speed Shift in Solar Production Away From China

The world’s largest solar manufacturer plans to cut about 5% of its workforce, which once numbered as many as 80,000 people

Mar 19, 2024 02:22 PM

China’s Top Diplomat Wang Yi to Meet With Australian Business Leaders

Foreign minister will attend a ‘private roundtable’ in Canberra with leaders from the resources, financial and legal services sectors

Mar 19, 2024 02:14 PM

CX Daily: China’s Challenge To Fill The Multibillion-Dollar Insurance Blackhole

China issues stringent rules to tighten listing controls and tackle financial fraud. Huawei’s smart car boss predicts the unit will turn a profit this year. Plus, a former president of a top Beijing hospital is taken away by corruption investigators.

Mar 19, 2024 11:31 AM

Evergrande’s Hui Banned From China Markets for Inflating Results

China Evergrande founder fined $6.5 million and banned for life from trading for fraudulent behavior

Mar 19, 2024 03:44 AM

EU Considers Joining U.S. in Reviewing Risks From Chinese Legacy Chips

EU and U.S. fear Chinese investment will allow its companies to dominate supply of legacy chips

Mar 19, 2024 03:38 AM

Alibaba Shakes Up Freshippo Leadership, Signaling Potential Sale

New CEO’s appointment raises speculation that Alibaba is preparing to sell off its grocery arm Freshippo

Mar 19, 2024 03:25 AM

Hong Kong Has Twice as Many Single-Family Offices as Singapore, Survey Reveals

Hong Kong’s more flexible tax policies make it a formidable competitor in private wealth management, says Deloitte

Mar 19, 2024 03:17 AM

Huawei Smart Car Boss Predicts Unit Will Turn a Profit This Year

The unit should be able to ‘turn around and achieve benign positive growth’ with strong sales of its premium models in the cards, Chairman Yu Chengdong says

Mar 18, 2024 08:45 PM

Editorial: Curbing Cyber Violence: Enhancing the Online Business Environment

Online violence severely undermines the rights and interests of citizens and companies, and must be resolutely governed in accordance with the law

Mar 18, 2024 08:22 PM

WeChat Pay Operator Approved to Raise Registered Capital to 15.3 Billion Yuan

With the increase, Tenpay’s registered capital will be more than 15 times higher than the current 1 billion yuan

Mar 18, 2024 08:15 PM



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