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The Latest Breaking News from Caixin Global

China’s Top Diplomat Calls for Military Caution, Economic Cooperation With Japan

Foreign Minister Qin Gang expressed the need for sensitivity over issues related to Taiwan and disputed islands in the East China Sea

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Shanghai Composite Index Fell 0.68% on Friday

Shenzhen Component Index closed down 0.63%

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Weekly Must-Read: The Vision of Singapore’s Next Prime Minister

Lawrence Wong sees himself as a ‘servant leader,’ he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’

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Beijing to Fully Reopen Border Between Mainland and Hong Kong, Macao

Covid test requirements and quotas will be scrapped starting Feb. 6 for travel to and from the two special administrative regions

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China’s January Auto Sales Plunge 45%

End of government subsidies in December and week-long Lunar New Year holiday drag on sales

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China’s January New-Home Prices Drop Again as Buyers Wait and See

Declines drag into a seventh straight month despite the end of pandemic restrictions and a series of measures to bolster the real estate market

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Caixin New Economy Index Slips for Second Straight Month

The NEI fell 1.4 points to 28.3 in January as labor, capital and tech inputs declined

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Opinion: To Capitalize on Reopening, China Needs to Rebuild Foreign Investor Confidence

International companies will need to be convinced the country presents not just growth potential but a predictable enough environment to invest in for the long term

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Shanghai Composite Index Ended Nearly Flat on Thursday

Shenzhen Component Index closed down 0.22%

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Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

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China’s New Home Sales Get Off to a Weak Start in 2023

The 100 largest Chinese developers sold $52.5 billion worth of new properties in January, down 32.5% from a year earlier

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China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022

Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds

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Wang Tao: Economic Activity Gains Ground During Holiday, but Nowhere Near Pre-Covid Levels

High-frequency data around the Lunar New Year improved over 2022, but some indicators remain well below where they were before the pandemic

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China Warns Incoming Czech Leader Over Call with Taiwan’s Tsai

A Foreign Ministry spokesperson says President-elect Petr Pavel’s call was a violation of the ‘One China’ principle

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Shanghai Composite Index Rose 0.9% on Wednesday

Shenzhen Component Index closed up 1.31%

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Global Central Banks Increase Gold Buying to Highest in 55 Years

Demand for gold worldwide rose 18% last year to 4,741 tons amid soaring inflation and increased geopolitical risk

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Editorial: The Urgent Need for Global Cooperation

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

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Shanghai Composite Index Fell 0.42% on Tuesday

Shenzhen Component Index closed down 0.8%

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Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

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iFlytek Jumps by Daily Limit as AI Arouses Investor Interest

The tech company stock rises 10% despite warning its 2022 profit fell by an estimated 60% to 70%

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Shanghai Composite Index Rose 0.14% on Monday

Shenzhen Component Index closed up 0.98%

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U.S. Seeks ‘Guardrails’ in China Talks to Avoid Conflict, State Department Says

U.S. Secretary of State Antony Blinken to discuss nuclear weapon stockpiles and climate change in visit early next month

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Five Chinese Nationals Killed in Northern California Shooting

Seven people died in the attack in Half Moon Bay, which happened just days after a deadly shooting in Los Angeles

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Covid Deaths Fall Nearly 80% From January Peak, China CDC Says

The number of critically ill patients from the virus drops 72% from its daily peak earlier this month

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At Least One Chinese National Among Victims in Lunar New Year U.S. Shooting

The deadly Saturday attack at a dance club in Monterey Park is followed by yet another mass shooting in California on Monday where victims are reportedly ‘Chinese farmworkers’

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