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

TOP STORIES

: Four Things to Know About Tesla’s Advanced Self-Driving Tech in China
Elon Musk’s surprise trip to China has led to speculation that the visit will lay the groundwork for the launch of the automaker’s Full Self-Driving system in the country

: Overseas Investment Through China’s Stock Connect Nearly Doubles 2023’s Total
Around $4.6 billion of net purchases were made on Friday and Monday alone

Cover Story: How Do the West’s Concerns About China’s Overcapacity Stack Up?

Visits this month by top U.S. and EU policymakers illustrate the conundrum they face as they seek support from Beijing on issues like market access and climate change, while scolding it on others like subsidies

: ByteDance Fired 61 Employees Amid Internal Graft Crackdown
Three staff members have been arrested and another is under criminal investigation

Japan’s Semiconductor Export Controls Disrupt Global Supply Chain, Ministry Says

Japan’s extended restrictions on chipmaking tool exports labeled ‘erroneous practices’ by China ministry

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Caixin Biz Roundup: China on Track to Become World’s Largest Luxury Market

Apr 26, 2024 07:26 PM

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LATEST NEWS

: China Manufacturing Expands at Fastest Pace in 14 Months, Caixin PMI Shows
New export orders grow at the quickest clip since November 2020, showing the sector’s continued momentum after upbeat first-quarter GDP growth
Apr 30, 2024 09:45 AM

: CX Daily: How Do the West’s Concerns About China’s Overcapacity Stack Up?
Overseas investment through China’s Stock Connect nearly doubles 2023’s total. The country offers subsidies for new EV and low-emission gasoline vehicle trade-ins
Apr 30, 2024 07:54 AM

: Flying Car Startup Volant Completes $13 Million Funding Round
The funds will be used for flight testing and to accelerate the airworthiness certification process, the company said
Apr 30, 2024 05:16 AM

: Builder CIFI Proposes Debt Terms With as Much as 85% Haircut
Developer’s proposal is to reduce debt to $4 billion while asking bondholders to swap existing debt for new notes
Apr 30, 2024 04:44 AM

: China’s Mega Banks Post Rare Profit Drops on Margin Squeeze
Banks’ first quarter profits shrink due to weak loan growth, tighter margins and lower fee income
Apr 30, 2024 04:31 AM

: Chart of the Day: AI Startups Lead China’s Unicorn Herd
Of the country’s 369 unicorns, 52 are in AI, with integrated circuits and pharmaceuticals not far behind
Apr 29, 2024 07:38 PM

: Chinese Airlines Cut Labor Day Holiday Fares as Travelers Favor Rail
Following the pandemic more Chinese are opting for shorter-distance trips amid pervasive low consumer confidence, recent data show
Apr 29, 2024 08:53 PM

: How TikTok Lost the War in Washington
Combination of coordinated efforts by its critics and missteps by the company led to the law forcing a sale or ban of the popular app
Apr 29, 2024 08:03 PM

: Raise Retirement Age, Give Central Government More Control to Avoid Pension Deficits, Ex-Finance Minister Says
China’s fragmented pension system is struggling to keep up with the pace of a rapidly graying population, while a low birth rate has complicated the issue
Apr 29, 2024 07:46 PM

: Commentary: At Beijing Auto Show, CEOs Take the Car War Online
Top car executives have increasingly turned to social media to drum up interest in their vehicles — sometimes at their peril
Apr 29, 2024 06:52 PM

: Opinion: To Make the Most of Special-Purpose Bonds, Greater Focus on Performance Is Needed
The effectiveness of using special-purpose bonds is a comprehensive test that challenges fiscal discipline and governance capabilities and is crucial to the integrity of China’s high-quality economic development
Apr 29, 2024 06:49 PM

: Chengdu Relaxes Homebuying Rule to Revive Sales
City will no longer review whether home buyers are qualified to purchase real estate
Apr 29, 2024 03:28 PM

: Shanghai Composite Index Rose 0.79% on Monday
Shenzhen Component Index closed up 2.22%
Apr 29, 2024 03:03 PM

: Chinese Bonds Dodge Global Debt Sell-Off as Yield Gap Widens
China’s benchmark 10-year yield has dropped about 23 basis points this year, while similar-maturity U.S. Treasury yields have jumped 78 basis points
Apr 29, 2024 02:15 PM

: Musk Makes Surprise China Visit in Search of Tesla Revenue Boost
EV-maker’s CEO met with officials including Premier Li Qiang to discuss rolling out its Full Self-Driving system
Apr 29, 2024 02:11 PM

: BYD Shares Face Earnings Test as China’s EV Price War Heats Up
Automaker is expected to report its lowest sales growth in four years, as well as a narrower profit margin
Apr 29, 2024 01:54 PM