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

TOP STORIES

: Analysis: China’s EV Whiz Kids Are Flipping the Script on Joint Ventures
Increasingly, foreign giants are looking to take advantage of Chinese upstarts’ technological know-how

: Chinese Leaders Hints at New Pivot in Tackling Property Downturn
Politburo is to study policies for reducing existing housing stock, while optimizing new housing supply

Politburo Flags Need for ‘Flexible’ Monetary Policy, Risk Resolution

China’s top decision-making body stresses importance of curtailing risks related to the real estate sector, local government debt, and small and midsize financial institutions

: China’s Communist Party to Hold Key Plenary Session in July
Third plenum to concentrate on further deepening reform and advancing Chinese modernization, according to agency reports

Shift in Economy Sees Rural Migrant Workers Seeking Jobs Closer to Home

Downturn in the property sector has seen more rural workers seeking jobs in the service sector in big cities

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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

: Huawei Profit Surges 564% As It Eclipses Apple in China
Smartphone maker reports $2.7 billion profit for the first quarter after new Pura 7 series sells out in two days
May 01, 2024 05:30 AM

: Beijing Further Loosens Home Buying Curbs in Non-Core Areas
Beijing allows families to buy one more house outside the fifth ring to ease pressure of property downturn
May 01, 2024 05:26 AM

: Japan Intervenes After Yen Slides Against the Dollar
Japanese finance ministry official says it is difficult to ignore these violent and abnormal currency movements
May 01, 2024 05:22 AM

: China’s Steel Industry Faces Sharp Drop in Profits Amid Rising Costs and Weak Demand
Revenue for China’s steel industry is falling faster than production costs, with iron ore prices high, sales declining and steel prices continuing to fall
May 01, 2024 04:13 AM

: Two of China’s ‘Big Four’ Banks Pick New Presidents, Sources Say
Positions at ICBC and CCB became vacant earlier this year when their incumbents were promoted to chair the lenders
Apr 30, 2024 07:35 PM

: Analysis: Building Civil Society Connections Key to Defusing Sino-U.S. Tensions
The two sides could build ties by ‘doing nothing’ and letting trust build organically, expert says
Apr 30, 2024 08:51 PM

: ‘Green Hydrogen’ Machine China’s Next Hot Export
Electrolyzers may become the country’s fourth-largest new energy export, Tsinghua University professor says
Apr 30, 2024 08:18 PM

: Foreign Carmakers Give China’s EV Industry Its Due at Beijing Auto Show, Researcher Says
Exhibitors from abroad have been talking up Chinese technology at this year’s event, where in the past they usually just promoted their own vehicles, according to Paul Gong of UBS
Apr 30, 2024 08:01 PM

: Chinese Shipbuilding Giant Seals $6 Billion Deal to Build LNG Carriers for Qatar
A boom in demand for the fuel driven by the Ukraine war is offering Chinese companies a chance to seize market share from South Korean rivals
Apr 30, 2024 07:42 PM

: HSBC CEO Noel Quinn Unexpectedly Steps Down
The bank’s board has begun a formal process to find a successor, and will consider both internal and external candidates, according to a statement
Apr 30, 2024 05:25 PM

: Xi Set to Make European Tour Next Week
President will make state visits to France, Serbia and Hungary, foreign ministry says
Apr 30, 2024 04:16 PM

: Japan’s Factory Output Records Weakest Quarter Since Pandemic
Industrial production rose 3.8% in March from February, as demand picked up after two straight months of declines, beating the consensus forecast
Apr 30, 2024 03:59 PM

: Shanghai Composite Index Fell 0.26% on Tuesday
Shenzhen Component Index closed down 0.9%
Apr 30, 2024 03:03 PM

: Hong Kong Vies With U.S. in Bitcoin ETF Market After Crypto’s Revival
The level of demand for the funds will provide clues on whether the city’s push to become a tightly regulated digital-asset hub is gaining traction
Apr 30, 2024 02:47 PM

: China Cuts Air Pollution After Reimposing Winter Controls
Levels of small airborne particulates fell by 1.6% from October to March, new report shows
Apr 30, 2024 02:15 PM

: Daily Tech Roundup: Tesla’s Advanced Self-Driving Tech in China, AI Startups Lead Unicorn Herd
Flying car startup completes $13 million funding round, Chinese ministry says Japan’s semiconductor export controls disrupt global supply chain
Apr 30, 2024 02:06 PM

: Caixin Top Stories of the Month: China’s Mammoth Effort to Help Foreigners Spend, Spend, Spend
While scanning QR codes is the ubiquitous payment method in China, it’s not available to most foreign visitors, making it a major hassle to even buy a coffee
Apr 30, 2024 11:00 AM