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The Latest Breaking News from Caixin Global

Weekly Must-Read: China’s Road to Economic Recovery Faces Post-Covid Speed Bumps

Policymakers are now squarely focused on reviving the economy. But some analysts warned against ‘excessive optimism’ about when pre-pandemic growth rates will return

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Embattled Sunac Gets Extension on $2.3 Billion of Debt

Developer’s repayment of nine onshore notes and an asset-backed security stretched out by an average of 3.5 years

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China to End Quarantine for Travelers From Hong Kong to the Mainland

Starting Sunday, people arriving from the city will be allowed entry if they have a negative PCR test result from the past 48 hours

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Shanghai Composite Index Rose 1.01% on Thursday

Shenzhen Component Index closed up 2.13%

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BYD Says It Can’t Judge How Many Cars It Will Sell This Year

The Chinese automaker cited uncertainties over supply chains and consumer demand stemming from the Covid-19 pandemic

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Shanghai Composite Index Rose 0.22% on Wednesday

Shenzhen Component Index closed down 0.2%

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Citic Securities Cleared for New Asset Management Unit

Venture paves the way for China’s largest brokerage to join an industry rush tapping into the mutual fund business

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Editorial: Face Up to the Changed World

A more sober mind is needed for a greater initiative

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Out-of-Town Trips Make a New Year’s Comeback in China

About 60% of online travel agency Trip.com’s domestic users journeyed to another province or region during the three-day weekend, up from 40% last year

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Regional Trade Pact RCEP Takes Effect for Indonesia

With the Southeast Asian country on board, the trade deal has entered into force for 14 of the 15 participating countries

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Caixin New Economy Index Falls on Declining Labor Inputs

The contribution of high value-added industries such as biotech came in at 29.7 last month, down 0.3 points from November

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Shanghai Composite Index Rose 0.88% on Tuesday

Shenzhen Component Index closed up 0.92%

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Communist Party Names New Diplomatic Chief to Shape China’s Foreign Policy

Former minister Wang Yi has taken the helm at the party’s Central Foreign Affairs Commission

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Year in Review: China’s Struggle to Contain Covid Hits the Economy Hard

Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023

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China’s Ambassador to the U.S. Named Foreign Minister

Qin Gang replaces Wang Yi, who had served in the position since 2013

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Health care centers from Guangzhou to Shijiazhuang and Beijing are slammed amid surging infections and severe shortages of medical workers

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Kweichow Moutai Sees Earnings Beat for 2022

The Chinese liquor giant predicts a 19.3% increase in net profit for the year, higher than the average analyst forecast of 18.8%

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Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

Xiao Yi, a former political advisor and party chief in Jiangxi, received more than $18 million worth of bribes

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news in one place.

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Shanghai Composite Index Rose 0.51% on Friday

Shenzhen Component Index closed up 0.18%

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Weekly Must-Read: After China’s Covid U-Turn, A ‘Tsunami’ of Infected Strip Bare Pharmacy Shelves

The wave of infections raging across the country has led to a rush on common drugs such as ibuprofen, but supplies remain scant, at least for now

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Cash-Strapped Chinese Developer Sells $1.8 Billion of Assets to State-Owned Rival

China Fortune Land will transfer its shares and creditor rights in four subsidiaries located in the country’s south to China Resources Land

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Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

China Appoints New Taiwan Affairs Office Head

Seasoned diplomat Song Tao’s responsibilities include formulating policies on the island, coordinating related legal affairs, and managing cross-strait business and cultural affairs

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China Drops Covid Curbs on International Flights

Civil aviation regulator confirms government plan to scrap all pandemic limits as of Jan. 8, including quarantines, testing and capacity caps

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China to Drop Outbound Travel Restrictions With End of ‘Zero Covid’

Beijing will resume processing passport applications and issuing Hong Kong visas in January, when it will downgrade Covid-19’s infectious disease classification

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