Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Cover Story: China Formally Enlists ‘Miracle’ Drug in Fight Against Ballooning Obesity Rate
New guidelines from a leading medical advisory body incorporating blockbuster medications such as Ozempic into more traditional weight loss treatments could change the lives of millions and bolster already soaring sales for drugmakers

: China’s Auto Insurers Must Keep Pace With Driverless Tech, White Paper Says
As more advanced driver assistance systems hit the roads, new software and network security pose liability challenges, said Taiping Reinsurance and the China Asia Pacific Reinsurance Research Center

In Depth: China’s Booming Nuclear Sector Lobbies for Green Vouchers to Ensure Profits

As pace of new reactor approvals soars, power market reform could put profits out of reach without government help, insiders say

: China’s Manufacturing Returns to Modest Growth, Caixin PMI Shows
Despite returning to expansionary territory in August, the index recorded the second-lowest level this year, with exports shrinking for the first time in eight months

Exports Prop Up Profits of Chinese Excavator-Makers Amid Domestic Sales Slump

Top construction machinery makers Sany Heavy and Zoomlion saw overseas shipments outpace China sales in first half as ongoing property downturn continues to drag

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Caixin Biz Roundup: Record-High Net FDI Withdrawals From China

Aug 22, 2024 12:59 PM

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LATEST NEWS

: China Factory Activity Extends Slide as Headwinds Mount
China’s $17 trillion economy has been struggling as a prolonged property downturn weighs on consumers and businesses, as trade tensions with the U.S. and Europe increase
Aug 31, 2024 07:33 PM

: Chinese EV Makers Suffer Setback in Europe as Tariffs Start
Chinese automakers registered fewer electric cars across Europe in July, as new tariffs amplified the impact of a broader slump in EV sales
Aug 31, 2024 07:15 PM

: Hunt for Fed-Pivot Winners Sparks a Rush to Indonesia, Malaysia
Global investors are boosting exposure on bets the two markets will benefit more than their developing-nation peers as the Federal Reserve looks set to embark on monetary easing
Aug 31, 2024 07:06 PM

: Weekend Long Read: Can India Become the World’s Next Manufacturing Powerhouse?
To replicate China’s rise, India must rapidly accelerate production growth and increase its share of global exports
Aug 31, 2024 10:00 AM

: Chinese Solar Firms Bleed Losses Amid Worsening Glut and Falling Prices
Cloudy outlook for solar industry as brutal price war pushes companies into the red
Aug 31, 2024 04:26 AM

: China Expands Role of State Bank-Backed Equity Investors to Aid Tech and Innovation
Beijing pilot program will allow AICs to expand into venture capital investment to boost tech sector
Aug 31, 2024 04:20 AM

: Alibaba Wins Beijing’s Approval, Ending Years-Long Scrutiny
China’s antitrust watchdog praises Alibaba’s efforts in curbing its monopolistic behavior
Aug 31, 2024 02:46 AM

: Chinese EV Maker BYD to Buy Out Its German Distributor Hedin
Deal allows BYD to sell cars directly to dealers, giving it more leeway on pricing and availability
Aug 31, 2024 02:41 AM

: Chinese Court Drops Charges Against Man Who Bought Endangered Parrot Online
The case highlights the difficulties authorities in China face as they try to protect wildlife while regulating the markets for wild animals including those of artificial breeding
Aug 30, 2024 08:14 PM

: Former ICBC Senior Vice President Prosecuted on Bribery Charges
International banking veteran Zhang Hongli has been prosecuted for allegedly taking substantial bribes
Aug 30, 2024 07:56 PM

: Top Stories of the Month: What’s Behind China’s Spending Slump
Dwindling confidence among consumers, businesses, local governments and other organizations is weighing on a focal point of the country's efforts to revive its slowing economic growth
Aug 30, 2024 07:34 PM

: Chinese Football Association’s Ex-Party Chief Pleads Guilty to Bribery
Du Zhaocai’s plea comes a week after a former chairman of the Chinese Super League was jailed for corruption
Aug 30, 2024 06:27 PM

: Tokyo Inflation, Output Recovery Suggest BOJ Will Raise Rates Again
Tokyo’s core consumer-price index, excluding volatile fresh food, increased by 2.4% on-year in August
Aug 30, 2024 06:16 PM

: China Life Profit Rises as Stock Market Recovery Lifts Investment Returns
Net income in the first half climbed 11% to $5.4 billion as an improvement in the nation's equity market bolstered the value of their investments
Aug 30, 2024 04:18 PM

: U.S. Lawmakers Accuse CATL of Aiding Chinese Military
Two lawmakers have called on the defense department to add the electric-vehicle battery maker to a list of companies with alleged ties to China’s military
Aug 30, 2024 03:57 PM

: China’s Yuan Erases 2024 Losses Amid Broad Dollar Weakness
The currency rose as much as 0.5% to 7.0905 per dollar on Thursday, a level unseen since December
Aug 30, 2024 03:30 PM