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

: Update: China’s First-Quarter GDP Growth Beats Expectations at 5.3%
While strong exports and manufacturing investment buoy the economy, weak domestic demand and an ailing property market hold growth back

: China Home Prices Continue to Fall Amid Sluggish Sales in March
New and existing homes see prices fall month-on-month despite the easing of purchase restrictions and mortgage rules

Cai Songsong and two other defendants appeared in court on March 27 over trading a listed company’s stock for personal gains, sources tell Caixin

: Has Alibaba Lost Its Appetite for an Ele.me Sale?
Selling food delivery platform would send an efficient delivery team to its competitor, warns market analyst

Feitian Moutai Price Drop Triggers Billion-Dollar Selloff in Liquor Stocks

Falling price of China’s ‘national liquor’ hits share prices but analysts are confident time will raise spirits

Apr 16, 2024 04:15 PM

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: China Regains the Travel Bug as Air and Rail Trips Soar
Passenger numbers hit record highs for airlines and trains as travel demand rebounds after Covid
Apr 17, 2024 05:48 AM

: Shanghai Plans $276 Billion Funding Support for Innovative Tech Firms
Loan guarantee program aims to assist private business in supporting the development of new ‘productive forces’
Apr 17, 2024 05:39 AM

: China’s Weak Beef Market Poses Risks for Chief Supplier Brazil
The outsized exposure to China has taken a toll on meatpackers’ earnings
Apr 17, 2024 05:25 AM

: Dongfeng Considers Making 100,000 Cars a Year in Italy
China carmaker in talks with Rome about possible sites as Fiat-maker Stellantis talks of job cuts
Apr 17, 2024 05:16 AM

: Charts of the Day: China On Track to Become World’s Largest Luxury Market
Sales of personal luxury goods rebounded to $69 billion last year and may double by 2030 to account for 25% of the global market
Apr 16, 2024 07:54 PM

: Baby Platform’s War of Words With Ex-CFO Sparks a Second Police Probe
Xu Chong says seven people linked to Hong Kong-listed BabyTree slandered him with allegations of embezzlement
Apr 16, 2024 08:53 PM

: Gallery: Chinese Duo Brawl for UFC Women’s Gold
Zhang Weili and Yan Xiaonan went head-to-head in Las Vegas Saturday for the 2024 UFC 300 women’s strawweight title. After five grueling rounds, Zhang defended her gold belt in what was the first ever ‘China Derby’ UFC title fight. The former kung fu champion first won the golden belt in 2019. She lost it in 2021 but regained the title the following year. Zhang made her Ultimate Fighting Championship debut in 2018
Apr 16, 2024 08:12 PM

: China Sports Regulator to Get Tough on Those Who Don’t Play Fair
GAS will stiffen punishments for throwing matches, fixing competitions and other misconduct in new rules set to take effect July 1
Apr 16, 2024 07:52 PM

: China’s AI Model Developers Face Watershed Moment, Lenovo Executive Says
Vice President Song Chunyu predicts number of companies building large language models will nosedive this year as the industry consolidates
Apr 16, 2024 07:45 PM

: More Overseas Buyers Turn Out for Canton Fair in Strong Sign for Exports
China’s biggest trade fair drew more than 60,000 purchasers from abroad on its opening day
Apr 16, 2024 07:25 PM

: China’s EVs Exports Have Enriched Global Supply, Eased Inflationary Pressure, Xi Tells Scholz
Chinese president tells German chancellor their countries should ‘stay vigilant against rising protectionism’
Apr 16, 2024 07:22 PM

: Daily Tech Roundup: Li Auto Dispels Rumors of Exclusive Uzbekistan Sales Network, Clamp Down on Russia Exports
Chinese audio app Ximalaya revives Hong Kong IPO, Apple’s iPhone shipments plunge 10% as Android rivals rise
Apr 16, 2024 06:42 PM

: China Loosens Grip on Yuan by Weakening Fix Amid Dollar Strength
The PBOC broke out of a holding pattern for the managed currency with a 7.1028 per dollar fixing of the daily reference rate, implying flexibility for it to depreciate
Apr 16, 2024 05:03 PM

: Property Developer Times China Receives Winding-Up Petition in Hong Kong
Local lender Hang Seng Bank made the request in connection with financial obligations totaling about $266 million
Apr 16, 2024 04:26 PM

: Caixin Biz Roundup: EU Ramps Up Pressure on China’s Green Tech
Dutch and Indian buyers snap up Chinese solar panels, China rises in ranking of favored foreign investment destinations
Apr 16, 2024 04:15 PM

: CATL’s First Quarter Profit Climbs as Battery Dominance Pays Dividends
The Chinese firm saw net income climb 7% to around $1.5 billion, while revenue slipped 10% to some $80 billion
Apr 16, 2024 04:10 PM

: Ex-Top Legislature Official in Inner Mongolia Hit With Corruption Probe
Du Zi, former deputy chief of the regional legislature’s standing committee, is under investigation for violating party discipline and law
Apr 16, 2024 03:58 PM