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The Latest Breaking News from Caixin Global

China’s Ambassador to the U.S. Named Foreign Minister

Qin Gang replaces Wang Yi, who had served in the position since 2013

Caixin Global

Top Stories of the Month: Covid Chaos at China’s Hospitals as Stringent Control Policy Eases

Health care centers from Guangzhou to Shijiazhuang and Beijing are slammed amid surging infections and severe shortages of medical workers

Caixin Global

Kweichow Moutai Sees Earnings Beat for 2022

The Chinese liquor giant predicts a 19.3% increase in net profit for the year, higher than the average analyst forecast of 18.8%

Caixin Global

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Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

Xiao Yi, a former political advisor and party chief in Jiangxi, received more than $18 million worth of bribes

Caixin Global

Shanghai Composite Index Rose 0.51% on Friday

Shenzhen Component Index closed up 0.18%

Caixin Global

Weekly Must-Read: After China’s Covid U-Turn, A ‘Tsunami’ of Infected Strip Bare Pharmacy Shelves

The wave of infections raging across the country has led to a rush on common drugs such as ibuprofen, but supplies remain scant, at least for now

Caixin Global

Cash-Strapped Chinese Developer Sells $1.8 Billion of Assets to State-Owned Rival

China Fortune Land will transfer its shares and creditor rights in four subsidiaries located in the country’s south to China Resources Land

Caixin Global

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Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

China Appoints New Taiwan Affairs Office Head

Seasoned diplomat Song Tao’s responsibilities include formulating policies on the island, coordinating related legal affairs, and managing cross-strait business and cultural affairs

Caixin Global

China Drops Covid Curbs on International Flights

Civil aviation regulator confirms government plan to scrap all pandemic limits as of Jan. 8, including quarantines, testing and capacity caps

Caixin Global

China to Drop Outbound Travel Restrictions With End of ‘Zero Covid’

Beijing will resume processing passport applications and issuing Hong Kong visas in January, when it will downgrade Covid-19’s infectious disease classification

Caixin Global

Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.86%

Caixin Global

Over 20 Chinese Developers Plan Share Sales as Ban Ends

Seven companies including Risesun Real Estate Development publish preliminary offer details

Caixin Global

China Scraps Covid Curbs on Ports, Foreign Ship Crews

Restrictions will end Jan. 8 as country abandons its `zero-covid’ strategy

Caixin Global

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.98% on Tuesday

Shenzhen Component Index closed up 1.16%

Caixin Global

Editorial: Private Enterprise Matters to China’s Reform Drive

Firms in the private sector have contributed more than 50% of the country’s tax revenue, 60% of GDP and 70% of technological innovation

Caixin Global

Shanghai Composite Index Rose 0.65% on Monday

Shenzhen Component Index closed up 1.19%

Caixin Global

Two Former Executives of P2P Lending Platform Sentenced to 20 Years in Prison

Tuandai.com’s former chairman and former general manager also fined $13.2 million as court sentences 47 people convicted in fundraising fraud

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news in one place.

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Caixin Global

Tech Insider: Xiaomi President to Step Down, TuSimple Plans to Cut Staff by 25%

Hackers threaten to blackmail Nio, EV-maker launches urban-navigation system in Shanghai

Caixin Global

Opinion: Why China’s Covid Health Codes Should Be Abandoned

Three experts weigh in on why authorities ought to scrap the once ubiquitous code and whether the underlying technology can be harnessed for other uses

Caixin Global

Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.25%

Caixin Global

Weekly Must-Read: Why China’s Exports Are in the Doldrums

Demand has fallen off in recent months in the country’s three biggest markets, though the reasons vary by region

Caixin Global

TuSimple Slashes Workforce 25% in Sweeping Restructuring

Driverless truck startup will focus on R&D and on providing self-driving technologies to other transport companies

Caixin Global

Silicon Wafer Prices Fall as China Solar Supply Glut Looms

The average prices of two key types of the solar panel component each dropped by 10% or more in the past week

Caixin Global

Shanghai Composite Index Fell 0.46% on Thursday

Shenzhen Component Index closed down 0.33%

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