The Latest Breaking News from Caixin Global

Pandemic-fighting measures cause first contraction in two years, city reports as officials push for resumption of production by local businesses

The high-frequency testing push came after two suburban districts reported no new positive cases, a sign that the city’s outbreak might be on a downward trend

State Council vows to bolster energy security as coal is still king and accounts for 60% of China’s electricity generation

Remote western region follows central government order responding to omicron emergency even though it hasn’t recorded a case in 810 days

E-House fails to repay a $298 million bond due Monday after getting caught up in the financial troubles of several developers

Ping An Annuity Insurance is seeking $1.6 billion from its parent, as it aims to further develop a business central to China’s plans to change how people save for retirement

Volume of vehicles of the nation’s expressways plunges 40%, including a 65% drop in the Yangtze River Delta region around Shanghai

While the controversial China Initiative targeted mainly academics and researchers of Chinese descent for alleged espionage, the nascent Nation-State Threat Strategy significantly expands its enforcement scope to broader economic and ideological interests

Shenzhen Component Index closed down 2.07%