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The Latest Breaking News from Caixin

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

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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

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

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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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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

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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

Caixin Global

Citadel Securities Bids for Credit Suisse’s China Venture

UBS’sale will face delay as Credit Suisse’s joint-venture buyout is still awaiting approval by Chinese regulators

Caixin Global

China’s Economy Expands at 5.3% in 2023, Caixin Survey Shows

Chinese economy is showing signs of stabilizing after its bumpy ride following the lifting of Covid restrictions and a property slump, say economists

Caixin Global

China Tightens Scrutiny of LGFVs Offshore Borrowings

Regulators are trying to restrict local governments raising finance by selling bonds overseas as higher costs increase their debt repayment risks

Caixin Global

Former Shenzhen Mayor Admits Taking $15 Million in Bribes

Chen Rugui accepted kickbacks over two decades in exchange for favors such as help in securing projects and facilitating business operations

Caixin Global

Heytea Takes Down ‘Hey Buddha’ Tea Latte After Complaints From Public

Teahouse chain withdraws controversial drink after being summoned to the Shenzhen religious affairs bureau

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