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

TOP STORIES

: Crisis Pushes Chinese Shippers to Red Sea Alternatives, Hired Guns
EV and solar products are particularly susceptible to the disruption, as freight expenses make up ‘a large portion of these products’ cost structures,’ analyst says

: China’s Macro Leverage Ratio Rises to 294.8% Despite Slower Borrowing
China’s overall borrowing has been slowing down with total liabilities expanding only 8.8%, the lowest quarterly grown since 2001

Cover Story: China’s Balancing Act to Keep Its Social Security System Afloat

The government must boost contributions, while addressing calls to reduce the financial burden amid a wobbly economy, the slowest wages growth in 40 years and an aging population

: China’s SPBs Issuance Slows in First Quarter From Pandemic-fueled Spending Spree
Some put the slow pace of SBS issuance down to the unusual 1 trillion yuan sovereign fund bonds issued at the end of 2023 for infrastructure projects

Li Auto Joins Price War with Major Discounts Following Tesla and BYD Cuts

Fierce competition will lead to survival of the fittest which will cultivate internationally competitive Chinese carmakers, says expert

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Caixin Biz Roundup: China Accuses EU of ‘Protectionist’ New-Energy Probes

Apr 17, 2024 04:51 PM

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LATEST NEWS

: Former Provincial Political Advisory Chief Booted From Party on Bribery Allegations
Han Yong, ex-chairman of the CPPCC’s Shaanxi Provincial Committee, engaged in cronyism, illegally accepted gifts and violated the party’s frugality code, CCDI says
Apr 23, 2024 06:33 PM

: Japan Expects Flood of Chinese Tourists Over Labor Day Holiday
Related bookings have more than tripled year-on-year over the past week, according to travel agency data
Apr 23, 2024 06:26 PM

: Charts of the Day: China Wind Turbine Exports Surged 60% in 2023
Local manufacturers shipped more than 3.6 gigawatts abroad as they faced intensifying competition at home
Apr 23, 2024 06:26 PM

: Analysis: Why China Should Kickstart Domestic Demand
Geopolitical tensions and a potential global economic slowdown mean overseas markets may do less to drive growth in future
Apr 23, 2024 04:19 PM

: Surging Solar Demand Buoyed Silver Last Year
Demand from the solar panel industry jumped 64% to more than 193 million troy ounces, while overall global demand slipped for the first time since the onset of the pandemic
Apr 23, 2024 03:57 PM

: Shanghai Composite Index Fell 0.74% on Tuesday
Shenzhen Component Index closed down 0.61%
Apr 23, 2024 03:03 PM

: Daily Tech Roundup: Musk Hints Full Self-Driving Teslas on the Way in China
Tesla’s latest price cuts risk China earnings wipeout, Li Auto joins price war by offering major discounts
Apr 23, 2024 02:58 PM

: UBS Lifts Chinese Stocks to Overweight in Rare Upgrade Call
Swiss bank cites resilient earnings and a growing focus on shareholder returns for its recommendation
Apr 23, 2024 02:51 PM

: Bubble-Tea Maker Chabaidao Slumps 37% in Hong Kong’s Biggest 2024 Debut
The poor trading debut underscores the challenges that the city is facing in reviving investor confidence
Apr 23, 2024 02:35 PM

: Chinese Property Tycoon Faces Payment Demands on Overdue Loans
Chen Hongtian, chairman of Hong Kong-based investment firm Cheung Kei Group, and his wife have received a demand for repayment on five overdue term-loan facilities totaling more than $100 million
Apr 23, 2024 02:03 PM

: CX Daily: China’s Balancing Act to Keep Its Social Security System Afloat
The U.S. Secretary of State will make his second China trip in less than a year. Chinese shippers traveling through the Red Sea are ramping up security measures or seeking alternative routes. Plus, more about the flooding in Guangdong
Apr 23, 2024 08:06 AM

: Shanghai Supermarket Chain Goes Bust As Business Slows
China’s slowing economy is forcing many consumers to cut back while others are turning to e-commerce
Apr 23, 2024 04:51 AM

: Nonbank Payment Providers Get Five Years to Comply With New Rules
Guidelines clarify issues of concern in the industry and detail measures for complying with the new rules
Apr 23, 2024 04:43 AM

: Aramco Seeks Hengli Petrochemical Stake in Push Into China
Saudi oil group sees demand for petrochemicals used in plastics continuing to rise despite the clean energy transition
Apr 23, 2024 04:26 AM

: Tesla’s Latest Price Cuts Risk Wiping Out China Earnings
Disappointing sales are adding to a swelling inventory while Tesla’s stock has fallen 41% this year
Apr 23, 2024 04:21 AM

: Musk Hints Full Self-Driving Teslas Are Right Around the Corner in China
CEO says arrival of the software ‘may be possible very soon,’ without offering a timetable
Apr 22, 2024 08:19 PM

: Authorities Warn Deadly South China Floods May Get Worse
Dire prediction comes as floods have already killed at least four people, forced tens of thousands from their homes
Apr 22, 2024 08:28 PM