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The Latest Breaking News from Caixin

Volkswagen considering German plant closures and job cuts; UK factories report fastest growth in over two years – as it happened

German carmaker VW may make historic German plant closures in cost-cutting drive

The Guardian - UK

China’s 30,000 Local Financial Entities Face Tougher Scrutiny

Regulatory bodies call for the elimination of these institutions that do not comply with the rules

Caixin Global

XPeng’s Flying Car Unit Secures $150 Million Fresh Funding to Start Mass Production

Money raised will be used for R&D and to start production of the flying cars by the end of 2025, says founder

Caixin Global

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Veteran Financial Regulator Charged With Bribery

An Qingsong is accused of peddling his influence and causing severe disruption in the capital markets

Caixin Global

China Commerce Ministry Official Set to Become Vice Finance Minister, Sources Say

Guo Tingting is expected to fill the position to be left by Zhu Zhongming, who was named deputy chief of Shanghai’s Communist Party committee last week

Caixin Global

Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.59%

Caixin Global

Shanghai Composite Index Rose 1.26% on Tuesday

Shenzhen Component Index closed up 1.68%

Caixin Global

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Surveys show Chinese economy growing but at modest pace

Surveys of Chinese factory managers show a mixed outlook for the world's No. 2 economy, with growth steady but not picking up much steam

The Independent UK

Weekly Must-Read: China Mulls Tax System Overhaul to Ease Record Local Government Debt

Proposed reforms would shift revenue from the central government and relieve localities of some expenses

Caixin Global

Weekly Must-Read: How the EU’s New Tariff Hikes Will Affect China-Made EVs

The bloc formally notified carmakers including BYD, Geely Auto and SAIC Motor that they will be subject to additional duties of up to 38.1% from July 4

Caixin Global

CATL’s Productivity Campaign Draws Criticism Over Grueling Work Hours

EV battery titan has launched a 100-day campaign to boost productivity, leading to some employees having to work from 8 a.m. to 9 p.m., six days a week, source says

Caixin Global

Weekly Must-Read: Why Biden’s Tariffs Increases Won’t Cause China Much More Pain

Caixin Global

Boss of New China Asset Management Disappears, Sources Say

Zhang Chi has likely been detained by graft-busters

Caixin Global

Shanghai Composite Index Fell 0.88% on Friday

Shenzhen Component Index closed down 1.23%

Caixin Global

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Caixin Global

Weekly Must-Read: China Set to Ease Controls on Genetic Resources to Plug Biotech Innovation Gap

The National Health Commission is spearheading the reform, Caixin has learned, in response to complaints that overly tough restrictions are choking innovation, particularly in the biotech and pharmaceutical sectors

Caixin Global

Shanghai Composite Index Rose 0.54% on Monday

Shenzhen Component Index closed up 0.43%

Caixin Global

SAIC Motor Rebuts Claim It Held Back Info From EU Investigators

The Chinese automaker said it fully cooperated and provided all necessary information in accordance with WTO and EU rules

Caixin Global

Huawei Moves CEO of Terminal Business to Chairman Role

Chinese tech giant names Richard Yu, who has already served as CEO of the business arm that includes smartphones and smart car solutions for 10 years

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Caixin Global

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

Caixin Global

Weekly Must-Read: Why China’s Project Whitelists Can’t Cure Real Estate Slump

Although the lists are helping many developers secure financing to finish their projects, there may not be enough demand for new homes to soak up the extra supply, bankers warn

Caixin Global

Japan Expects Flood of Chinese Tourists Over Labor Day Holiday

Caixin Global

Weekly Must-Read: Alibaba Renews Strategy Reset to Revive Growth Momentum

Jack Ma tells employees ‘we must reform for the future’

Top News

China's Factory Activity Expands Rapidly, Caixin PMI Reports

China's manufacturing sector sees significant growth with increased factory activity and new orders, driving optimism for future prospects.

Caixin Global

Progress has been slow as many authorities experience difficulties in refinancing the borrowings of their financing vehicles and banks worry about potential bad debts

Caixin Global

Chinese Hospital Association Removes Missing Vice President

Fang Laiying, a retired senior health official from Beijing, was booted by the CHA after nearly 10 months out of the public eye

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