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

TOP STORIES

: Cover Story: Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025
Japanese tourism and exports see gains while fund outflows and higher import costs cause pain

: China Sets Up Fund to Spur Development of Solid-State EV Batteries, Source Says
The move is a sign of policymakers’ eagerness to commercialize the technology and keep Chinese companies at the head of the global race to develop longer-range and safer EV power cells

PwC China in Crisis as Major Clients Terminate Contracts in Wake of Evergrande Scandal

State-owned firms and financial institutions have terminated or decided to terminate audit deals, raising questions about the accounting firm’s future in the country

: China’s Manufacturing Expansion Accelerates for Fourth Straight Month, Caixin PMI Shows
The index ticked up 0.3 points in May to 51.7 on faster production growth

Chart of the Day: Metric of Chinese Banks’ Profitability Hits Lowest Since 2010

Depressed net interest margin helped drag down lenders’ net profit growth to just 0.7% year-on-year in the first quarter

A-Share Database >>

Caixin Biz Roundup: China Faces Shipping Container Shortage, Beijing Woos Foreign Cruises

May 29, 2024 11:17 AM

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LATEST NEWS

: China’s Defense Minister Warns Against Interfering on Taiwan Issue
Chinese military will ‘take resolute actions’ to make sure separatist efforts never succeed on the island, defense chief Dong Jun says at the annual Shangri-La Dialogue
Jun 03, 2024 07:26 PM

: Gallery: China and U.S. Defense Chiefs Meet
The 21st Shangri-La Dialogue kicked off Friday in Singapore, attracting over 550 delegates from more than 40 countries and regions. Chinese Defense Minister Dong Jun attended the summit, his first time there since taking office. On the same day, Dong held talks with U.S. Secretary of Defense Lloyd Austin. It was the first face-to-face dialogue between the defense chiefs of China and the United States since November 2022
Jun 03, 2024 07:19 PM

: China’s Whooping Cough Epidemic Dramatically Worsens
Over 90,000 cases reported in April, equal to the caseload from the last four years combined
Jun 03, 2024 07:00 PM

: Trump Courts Young Voters by Joining TikTok, Which He Tried to Ban
The former U.S. president criticized Joe Biden’s divest-or-ban law, in an attempt to appeal to the many Gen-Z and millennial voters on the platform
Jun 03, 2024 04:27 PM

: EV Sales Defy China Spending Slump as Price Cuts Lure Buyers
Leading manufacturers from BYD to Nio all reported strong sales growth in May
Jun 03, 2024 04:14 PM

: China’s Tourists to Spend Nearly $1 Trillion on Holidays at Home
A backlog in processing visas overseas, and more expensive international flights, have kept Chinese holidaymakers closer to home, flocking to cities for popular local delicacies and smaller crowds
Jun 03, 2024 03:52 PM

: Opinion: How to Better Mobilize Private Investment in the Chip Sector
Facilitating the integration of technology, industry and finance can help foster a more stable and confident market
Jun 03, 2024 03:48 PM

: Shanghai Composite Index Fell 0.27% on Monday
Shenzhen Component Index closed up 0.07%
Jun 03, 2024 03:03 PM

: Chinese Spacecraft Makes Historic Landing on Far Side of Moon
The Chang’e-6 will attempt to be the first to collect samples from the far side of the satellite and transport them back to Earth
Jun 03, 2024 02:40 PM

: ‘Hard-Earned’ Stable Military Ties Should Be ‘Cherished,’ China’s Defense Minister Tells U.S. Counterpart
Dong Jun urges the U.S. to correct its mistakes and adhere to the one-China principle without ‘assisting Taiwan with military means’
Jun 01, 2024 09:46 PM

: Korean Tensions Flare as Pyongyang Floats Trash-Laden Balloons, Launches Missiles
The Kim regime floated hundreds of balloons filled with ‘filth and garbage’ south across the border after leaders from China, Korea and Japan met in Seoul
May 31, 2024 08:03 PM

: Hong Kong Says 11 Crypto Exchanges Are Closer to Getting Permits
Applicants including Crypto.com and Bullish are ‘deemed to be licensed,’ the Securities & Futures Commission’s website showed
Jun 01, 2024 07:19 PM

: China Explains Why It Is ‘Hardly Able’ to Attend Ukraine Peace Summit in Switzerland
Foreign ministry spokesperson Mao Ning cited differences between how meeting has been arranged and China’s principles, saying it ‘will continue to promote talks for peace in our own way’
Jun 01, 2024 05:34 PM

: Weekend Long Read: Dialogue Between Hu Shuli and Joseph Nye on China-U.S. Relations
The former dean of Harvard's Kennedy School of Government discussed the great power competition between the two countries in a discussion at the Caixin Summer Summit with Publisher Hu Shuli
Jun 01, 2024 10:30 AM

: Beijing Dismisses Vice Mayor Investigated for Graft
Gao Peng is the target of graft busters for ‘serious violations of discipline and law’
Jun 01, 2024 04:35 AM

: Evergrande Unit Fined $577 Million for Misconduct
Evergrande’s founder Hui Ka Yan fined $6.5 million and banned for life from participating in securities markets
Jun 01, 2024 04:30 AM

: China Home Sales Slump Eases as Government Support Kicks In
Green shoots apparent as effects of government stimulus package begin to be felt
Jun 01, 2024 03:58 AM