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’s Covid Response Calibration
As omicron variants spur China’s worst flare-ups since 2020, policymakers move to tweak the largely successful Zero-Covid strategy

: Update: Plane Carrying 132 People Crashes in South China
China Eastern Airlines flight goes down in Teng county in the Guangxi Zhuang autonomous region. The number of casualties remains unknown

Executives From Luxury Villa Developer Hauled In by Authorities

Vice President Huang Xi and Vice President Lin Wenhua of the Fujian province-based company have been taken for questioning

: China’s Cabinet Vows Stronger Support for Economy
State Council promises tax rebates and prudent monetary policy in continuation of government actions to stabilize capital markets and bolster growth following stock market sell-off

In Depth: Chinese Stocks’ Wild Ride

As the war in Ukraine has fueled market volatility and measures to contain Covid-19 outbreaks across China have disrupted the economy, investors remain on edge

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LATEST NEWS

: Pinduoduo Sales Miss Estimates Amid China Slowdown
Chinese e-commerce giant disappoints investors for a third straight quarter as online consumption slows and competition intensifies
Mar 22, 2022 04:39 AM

: Former Supreme People’s Court Vice President Under Investigation
Shen Deyong, high-profile legal influencer and CPPCC standing committee member, taken away by Communist Party’s top anti-graft watchdog
Mar 22, 2022 04:22 AM

: China’s Imports From Lithuania Collapse Amid Diplomatic Spat
Tensions escalate after opening of Taiwan office in the Baltic nation’s capital and push by Lithuania for EU help in lodging a WTO complaint
Mar 22, 2022 04:12 AM

: Trending in China: Parody Offers Outlet for Pandemic Angst
Netizens are looking to classic literature and popular works of culture for some respite from the frustrations of tough Covid-19 restrictions
Mar 21, 2022 08:58 PM

: Gallery: War Wreaks More Havoc on Ukraine
Rubble lies scattered across the floors of Ukrainian homes as the war continues. Russian shelling of Kyiv on Sunday destroyed buildings including a shopping mall. In Kharkiv, more than 600 buildings have been destroyed. Many people are still trapped in the besieged port city of Mariupol. According to the U.N., the war has forced more than 10 million people to abandon their homes in Ukraine
Mar 21, 2022 08:43 PM

: UCloud Pins Hopes on AI Surveillance to Get Out of the Red
Company launches products that can keep an eye out for bad parking, naughty school kids and factory fires
Mar 21, 2022 08:26 PM

: Editorial: Three Principles Should Guide China’s Economic Future
Measures that fail to adhere to the principles of market orientation, the rule of law, and internationalization ought to be either reformed or scrapped
Mar 21, 2022 08:07 PM

: China Warns of ‘Unimaginable’ Fallout if Ukraine-Like Crisis Happened in Asia
Vice Foreign Minister Le Yucheng says that region could be pushed into ‘an abyss’ resulting from Washington’s Indo-Pacific strategy that is ‘as dangerous as the NATO strategy of eastward expansion in Europe’
Mar 21, 2022 07:32 PM

: Gallery: The Plight of the World’s Forests
March 21 marks the International Day of Forests, designated a U.N. awareness day in 2012. To mark the occasion, Caixin compiled a series of photos of forests that are disappearing due to natural disasters and human-driven activities
Mar 21, 2022 07:02 PM

: Caixin China Biz Roundup: War and Peace — Biden-Xi Meeting Tackles Ukraine Crisis
Leaders hold first meeting since Russia-Ukraine war erupts; the low vaccine rate among the elderly; and China reports first Covid deaths in over a year
Mar 21, 2022 07:00 PM

: Private Equity Giant Hillhouse Quashes Loss Speculation as Stocks Plunge
Firm says its dollar funds’ total position in U.S. shares only amounted to $6 billion, so rumored $30 billion loss would be ‘impossible’
Mar 21, 2022 06:52 PM

: South China Province Plans to Set Up International Carbon Trading Center
The holiday destination city of Sanya, Hainan, has been selected as a potential site for exchange, slated to open in the second half of this year
Mar 21, 2022 05:02 PM

: Shanghai Disney Resort Closes Temporarily as Covid Cases Reach Record
The city has implemented mass mandated testing and reported 17 confirmed local infections and 492 asymptomatic cases as of Saturday, a local health official says
Mar 21, 2022 03:40 PM

: China Huarong Returns to Profit in 2021 After State Bailout
The state-owned bad-debt manager roiled Asian credit markets last year as it failed to release its annual report on time, eventually revealing a massive loss for 2020
Mar 21, 2022 03:36 PM