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The Latest Breaking News from Caixin

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

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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’

Caixin Global

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

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

Caixin Global

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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

Caixin Global

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

Caixin Global

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...

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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

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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

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

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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

Caixin Global

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

Caixin Global

Weekly Must-Read: Rethinking China’s Property Market Meltdown

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

Caixin Global

Former China Securities Regulatory Official Expelled From Communist Party for Alleged Bribery

Yang Chunlei became the target of a probe when her husband Cong Lin, former president of investment bank China Renaissance, came under investigation last year

Caixin Global

Chinese Authorities Identify 11 Suspects in Fatal Gym Collapse

This is the second gymnasium collapse in Northeast China’s Heilongjiang province in just over three months, raising concerns about building safety in the region

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