Wave of Respiratory Infections Sparks Rumors of Covid Health Codes Return

Posts widely circulated on social media claimed the apps were back in use in provinces such as Guangdong and Sichuan, but public health staff told Caixin that isn’t currently the case

In Depth: China-Latin America Ties Deepen Amid Boom in Cross-Border Auto Trade, E-Commerce

Bilateral trade hit a record high of nearly $500 billion in 2022, with Mexico and Brazil the main beneficiaries

Hong Kong Remains Key in Finance, Innovation, City’s Leader Says

Financial hub will play a key role in shaping global ‘megatrends,’ chief executive John Lee says at Saudi-backed summit, as the city continues to strive to boost its attractiveness

Opinion: Yuan’s Recent Strength Signals End to Latest Bout of Depreciation

The weakening of the currency from March 2022 to this past September had a lot more to do with a strong U.S. dollar than sluggishness in the Chinese economy

Dec 06, 2023 09:27 AM

Gallery: Cashmere Craze

In Sangpo, Henan province, workshops have shifted into overdrive producing everything from cashmere scarves and hats to cashmere-lined snow-boots this month as demand ramps up with the onset of winter. The village in central China is one of the biggest producers of cashmere goods in the country. In 2017, it became famous as the home of domestic production for the popular Australian footwear brand UGG. Sangpo, which has a long history of dealing in wool and cashmere goods, ships as many as 60,000 cashmere products every day, generating monthly sales of up to 400 million yuan

Dec 07, 2023 07:37 PM

How China Cleaned Its Filthy Air While India Continues to Choke

Since 2014, Beijing has restricted the number of cars on the road in cities like Beijing and Shanghai, while capacity in iron and steel industries fell and new coal-fired power plants were banned in some areas

Dec 07, 2023 04:26 PM

Shanghai Composite Index Fell 0.09% on Thursday

Shenzhen Component Index closed down 0.14%

Dec 07, 2023 03:03 PM

Italy Tells?China It Will Exit Belt and Road Pact

China’s ambassador to the country had warned of ‘negative consequences’ if Rome 'recklessly decides’ to withdraw?from the investment and trade initiative

Dec 07, 2023 01:24 PM

Asia Hedge Funds Avert China Turmoil With Bets on Japan, AI

About 68% of China-focused funds lost money in the first 10 months, as the euphoria over the end of Covid restrictions gave way to concerns about the property crisis and economic slowdown

Dec 07, 2023 01:20 PM

Analysis: How China Tackles Local Governments’ Hidden Debt While Supporting the Economy

Sustaining the effect of a proactive fiscal policy may require the coordination of policies, funds and projects

Dec 07, 2023 01:02 PM

How Ozempic Maker Novo Nordisk’s Very Danish Capitalism Fueled Its Success, and Its Stumbles

The company’s culture and particular structure have put constraints on it as demand for obesity drugs grows

Dec 07, 2023 12:49 PM

China’s Exports Expand From Covid-Hit Period a Year Earlier

Overseas shipments rose 0.5% in November, beating expectations, but imports showed a surprise drop

Dec 07, 2023 12:37 PM

CX Daily: China-Latin America Ties Deepen Amid Boom in Cross-Border Auto Trade, E-Commerce

China plans to allow its social security fund to buy domestic pension products and futures.

Dec 07, 2023 09:00 AM

Wanda Billionaire Founder Cedes Control of Cinema Business

Property tycoon Wang Jianlin sells controlling stake in Wanda Film movie theater business to ease liquidity strain and stay afloat during property downturn

Dec 07, 2023 05:55 AM

Self-Driving Truck Startup TuSimple Winds Down U.S. Operations

Autonomous trucking company TuSimple cuts U.S. workforce by 75% as it shifts its strategic focus to Asia-Pacific

Dec 07, 2023 05:21 AM

American Express Doubles Down for Majority Stake in China Bank Card Clearing Business

U.S. credit card giant increases investment in Chinese clearing house joint venture to tap into trillions of dollars card transactions

Dec 07, 2023 05:14 AM

China’s First Next-Gen Nuclear Reactor Enters Commercial Operations

China leads the world as first high-temperature gas cooled nuclear reactor goes online. A decade in the making, it heats helium instead of water

Dec 07, 2023 05:04 AM

Moody’s Cuts China Banks Outlook After Sovereign Downgrade

Eight Chinese financial institutions have their outlook cut from stable to negative by Moody’s together with the outlook on Hong Kong and Macao

Dec 07, 2023 05:00 AM

China to Allow Social Security Fund to Buy Domestic Pension Products, Futures

The NSSF can also invest in more types of corporate bonds, according to draft finance ministry regulations

Dec 06, 2023 08:46 PM

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