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The Latest Breaking News from Caixin

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

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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

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Boss of New China Asset Management Disappears, Sources Say

Zhang Chi has likely been detained by graft-busters

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Shanghai Composite Index Fell 0.88% on Friday

Shenzhen Component Index closed down 1.23%

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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%

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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

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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 Top Stories of the Month: China’s Mammoth Effort to Help Foreigners Spend, Spend, Spend

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

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Japan Expects Flood of Chinese Tourists Over Labor Day Holiday

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

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

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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.

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

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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

Caixin Global

Smaller Chinese Banks Trim Deposit Rates to Protect Profit Margins

One Guangdong province-based bank lowers rate on five-year time deposits to 2.5% from 2.7% as expectations grow for a continued decline in loan rates

Caixin Global

China Expands Emissions Trading Scheme to Include Aluminum Industry

The sector’s inclusion is ‘imminent,’ Caixin has learned, and comes as policymakers push ahead to add more heavy emitters to the market

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Weekly Must-Read: Why China’s Efforts to Resolve Hidden Government Debt Could Fall Short

At worst, measures could further inflame the problem, promoting more off-the-books borrowing and increasing risks to economic and financial stability in the world’s second-largest economy

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China's Services Growth Softens In February, Caixin PMI Shows

China's services sector experienced a growth slowdown in February, impacting economic outlook. Factors like rising costs and pandemic challenges contribute...

Caixin Global

China’s In Vitro Test Makers Seek Growth Overseas as Domestic Demand Dwindles

Profits have fallen for the diagnostic device manufacturers as a period of pandemic-driven sales comes to an end

Caixin Global

Ex-Taiping Life Boss Booted From Party for Alleged Graft

Zhang Ke, former general manager of the state-owned insurance giant, exploited his power for others in exchange for ‘huge sums’ of money, top graft buster says

Caixin Global

Weekly Must-Read: China’s Local Governments Paid Record $174 Billion in Bond Interest Last Year

Total is up nearly 10% from 2022, with outstanding debt climbing by 16% last year

Caixin Global

Rocket-Maker Says Rumored Explosion in Shanghai Was Routine Blast Test

Three employees of LandSpace Technology were injured at an industrial park in Songjiang district, the Chinese startup tells Caixin

Caixin Global

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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