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The Latest Breaking News from Caixin Global

China and Nauru Formally Resume Diplomatic Relations

Foreign ministers of the two countries sign a joint communique marking the resumption of ties, agreeing to exchange ambassadors ‘as soon as possible’

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China to Cut Banks’ Reserve Requirements Amid Flagging Recovery

PBOC Governor Pan Gongsheng says the reduction of 50 basis points will take effect Feb. 5

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Shanghai Composite Index Rose 1.8% on Wednesday

Shenzhen Component Index closed up 1.0%

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Landslide Kills at Least 20 in Southwest China

Another 24 people remained missing as of Tuesday afternoon following the disaster in Yunnan province

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Extreme Weather Took Toll on North China’s Grain Output in 2023

Production fell by 2.4% in Henan last year due largely to a nonstop week of rain, while severe flooding caused a 1.4% drop in Hebei

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Shanghai Composite Index Rose 0.53% on Tuesday

Shenzhen Component Index closed up 1.38%

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Huawei Plans Nokia JV Buyout With Local Consortium

The tech giant is teaming up with two SOEs and a Chinese private equity investor to give the Finnish firm its exit

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Former Provincial Vice Governor Stung in Graft Probe

Su Zengtian, also an ex-vice chairman of Fujian province’s top legislative body, is suspected of ‘serious violations of discipline and law’

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Shanghai Composite Index Fell 2.68% on Monday

Shenzhen Component Index closed down 3.5%

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CATL to Supply EV Startup With New Fast-Charging Battery

The Shenxing cell can charge to a range of 400 kilometers in 10 minutes and deliver over 700 kilometers on a full charge

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Shanghai Composite Index Fell 0.47% on Friday

Shenzhen Component Index closed down 0.68%

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Weekly Must-Read: China’s 2023 GDP Growth Recovers to 5.2%, Beating Target

Although the economy rebounded last year, statistics chief warns of headwinds in 2024

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Shanghai State Media Veteran Tried for Accepting Millions in Bribes

Cheng Feng, former deputy manager of Shanghai United Media Group, stands accused of taking $5.4 million in exchange for assistance with garnering investment funding and winning project bids

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Shanghai Composite Index Rose 0.43% on Thursday

Shenzhen Component Index closed up 1.0%

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news in one place.

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Caixin Global

BYD to Debut in Indonesian Car Market

The Chinese EV-maker, which already sells vehicles in more than 70 countries, has been trying to further expand its global footprint with exports surging 334.2% last year

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China Willing to Import More ‘Marketable’ EU Products, Premier Says

The gesture is part of an effort to establish a more balanced trade relationship with the bloc, Li Qiang says

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Shanghai Composite Index Fell 2.09% on Wednesday

Shenzhen Component Index closed down 2.58%

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Shanghai Composite Index Rose 0.27% on Tuesday

Shenzhen Component Index closed up 0.31%

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news in one place.

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Caixin Global

Tencent-ByteDance Ceasefire Holds With Honor of Kings Deal

The agreement will allow the popular battle arena game to be streamed on Douyin in the wake of a longrunning tussle over copyrights

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Beijing ‘Welcomes’ Nauru Decision to Cut Diplomatic Ties With Taiwan

The Pacific Island nation is seeking to reestablish official relations with Beijing, switching diplomatic recognition from Taipei following the recent election

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Shanghai Composite Index Rose 0.15% on Monday

Shenzhen Component Index closed down 0.36%

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China Names New Climate Envoy

Liu Zhenmin, a career diplomat, is replacing special envoy Xie Zhenhua, who is stepping down ‘due to health reasons’

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China Premier to Speak at 2024 World Economic Forum

Li Qiang is scheduled to visit Europe next week to deliver a special address at the event in Davos, and pay official visits to host Switzerland and Ireland

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Shanghai Composite Index Fell 0.16% on Friday

Shenzhen Component Index closed down 0.64%

Caixin Global

Citadel Securities Bids for Credit Suisse’s China Venture

UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators

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