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The Latest Breaking News from Caixin Global

Xi Talks Up Importance of Sci-Tech Innovation for Military

China’s president also emphasized the need for coordinating military preparations at sea, advancing the construction of space systems and building a cyberspace defense system

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Weekly Must-Read: Nobel Laureate Economists Suggest China Tap Ordinary People’s Innovation

Michael Spence and Edmund Phelps say growth hinges on pivot from foreign trade to domestic demand

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Dubai Free Trade Zone Attracts 25% More Chinese Companies

Dubai Multi Commodities Centre hosted 852 Chinese companies at the end of 2023, lured by policies designed to attract foreign investment

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Shanghai Composite Index Rose 0.61% on Friday

Shenzhen Component Index closed up 1.1%

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Steel Mills in Yunnan Cut Production as Industry Bleeds Losses

Coordinated reduction in steel production comes as the industry is being squeezed by sluggish demand from the real estate sector

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China Adds Six More European Countries to Visa-Free List on Trial Basis

Ordinary passport holders from Switzerland, Ireland, Hungary, Austria, Belgium and Luxembourg will be able to stay for up to 15 days without a visa

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Huawei Smart Car Tech to Power JAC Platform for Luxury EVs

The state-owed automaker plans to produce a multipurpose vehicle on the platform

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Shanghai Composite Index Fell 0.41% on Thursday

Shenzhen Component Index closed down 1.37%

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There Is Room for Easing Bank Reserve Ratio, PBOC Governor Says

A weakening dollar will allow China to loosen its monetary policy without causing more capital flight, says Pan Gongsheng

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Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.22%

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Faraday Future Sues Former Executive Over Alleged Trade Secret Infringement

California EV startup founded by disgraced tech founder Jia Yueting is seeking monetary damage over infringements related to its sole model, the FF91 SUV

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Shanghai Composite Index Rose 0.28% on Tuesday

Shenzhen Component Index closed down 0.23%

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For Cars, Geely Still Can’t Break With the Conventional, Chairman Says

Vehicles that run on fossil fuels will remain the preferred choice for most new buyers in the foreseeable future despite the rising popularity of EVs, Li Shufu says

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Shanghai Composite Index Rose 0.41% on Monday

Shenzhen Component Index finished nearly flat

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China Slashes Payment Barriers for Foreign Visitors

PBOC tells mobile payment services to increase the single transaction limit for foreign users to $5,000 from $1,000 to help revitalize tourism

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More Chinese Companies to Join FTSE Global All Cap Index

Stocks include chip designer Vanchip Tianjin Technology, biotech company MGI Tech, and brokerage Capital Securities

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Shanghai Composite Index Rose 0.39% on Friday

Shenzhen Component Index closed up 1.12%

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‘Boundless Greed’ Leads to Former Shanxi Deputy Party Head’s Expulsion

CCDI investigation into Shang Liguang found he traded power for money and sex and now faces criminal charges

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Caixin Global

XPeng, Volkswagen Plan to Launch Two Mid-Size EVs in 2026

The first model will be an SUV, and the automakers will launch a joint sourcing program to reduce component costs

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Shanghai Composite Index Rose 1.94% on Thursday

Shenzhen Component Index closed up 3.13%

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Birthrates have dwindled after decades of strict family planning and the emergence of a highly competitive and expensive environment for raising kids

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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

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Shanghai Composite Index Fell 1.91% on Wednesday

Shenzhen Component Index closed down 2.4%

Caixin Global

German Firms Move to Address China’s Tighter Data Export Rules

Nearly a third of German companies have begun to comply with China’s data regulations despite calls for clarification

Caixin Global

Shanghai Composite Index Rose 1.29% on Tuesday

Shenzhen Component Index closed up 2.24%

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