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The Latest Breaking News from Caixin Global

Chengdu Hotels Shorten Quarantines for New Arrivals

Travelers report being released to home isolation after just two days although local authorities say five-day quarantine policy is still in effect

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China to Boost Supply of Pfizer’s Covid Pill as Demand Soars, Expert Says

The antiviral drug Paxlovid will be gradually made available at all medical institutions and at the community level, says head of the infectious diseases department at Peking University First Hospital

Caixin Global

World Bank Cuts China Growth Forecasts on Property Slump, Reopening Complications

Real GDP growth is expected to slow to 2.7% this year, before rebounding to 4.3% in 2023

Caixin Global

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Expert Confirms Not All Covid Deaths Will Be Included in Official Tally

A patient will make the official count only if their primary cause of death is pneumonia or respiratory failure caused by the virus, says director of Peking University First Hospital’s infectious disease department

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Shanghai Composite Index Fell 0.17% on Wednesday

Shenzhen Component Index closed down 0.34%

Caixin Global

Xiaomi to Slash 10% of Workforce Amid Declining Revenue

Chinese smartphone giant idles 3,500 as inflation and slowing economies depress global and domestic demand, leading to red ink

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China’s Parcel Deliveries Slow to a Crawl as Covid Hamstrings Labor Force

Couriers heading home ahead of the Lunar New Year holiday and a backlog of Double 12 deliveries are also slowing logistics

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‘Avatar’ Sequel Boosts Sluggish Chinese Box Office

‘Avatar: The Way of Water,’ the follow-up to the American sci-fi blockbuster, raked in $65 million after four days, as people headed back to theaters following the relaxation of Covid restrictions

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Shanghai Composite Index Fell 1.07% on Tuesday

Shenzhen Component Index closed down 1.58%

Caixin Global

China’s Former Industry Minister Expelled From Communist Party

Xiao Yaqing, accused of bribery, is demoted and sent into retirement after admitting wrongdoing and giving up all illegal income

Caixin Global

Editorial: As China Shifts From Preventing to Treating Covid, It Needs the Same Fighting Spirit

Providing medical care for infections is a major undertaking that demands proactive cooperation and systematic top-down deployment

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China to Experience Three Waves of Covid Infections, Expert Says

Wu Zunyou, chief epidemiologist at the China CDC, predicts the first wave will run until mid-January, while subsequent ones will result from traveling for the Lunar New Year

Caixin Global

Xinjiang Justice Department Head Turns Himself In to Graft Investigators

Ainiwaer Siyiti, who is also the deputy secretary of the agency’s party committee, is suspected of ‘serious violations of discipline and law,’ a euphemism for corruption

Caixin Global

Shanghai Composite Index Fell 1.92% on Monday

Shenzhen Component Index closed down 1.51%

Caixin Global

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Caixin Global

Wang Tao: Key Takeaways From China’s Central Economic Work Conference

Stabilizing growth is the top priority, with measures to boost the real estate sector and a supportive tone for non-SOEs, foreign investors and online platforms

Caixin Global

Gallery: River Tour of Shanghai

Tourists can see the city while floating down the Suzhou Creek, after two sightseeing cruise routes opened in the financial hub. Each route, which lasts either one hour or 30 minutes, passes by several historic buildings, including the Sihang Warehouse Battle Memorial and the General Post Office Building. The 78-mile…

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Friday

Shenzhen Component Index closed down 0.56%

Caixin Global

Weekly Must-Read: 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

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Caixin Global

China’s November Urban Jobless Rate Jumps to 5.7%

Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market

Caixin Global

Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed up 0.32%

Caixin Global

Abbott to Exit Mainland Chinese Baby Formula Market by 2023

American health-care giant cites shrinking market share amid stiff competition but will expand other businesses including diagnostics, devices and pharmaceuticals

Caixin Global

Guangzhou Closes Most of Its Makeshift Covid Hospitals

The remaining facilities will be upgraded and used primarily for treating Covid patients without severe symptoms, a local medical worker says

Caixin Global

China Launches Second Round of Covid Boosters for High-Risk Groups

Health authorities are recommending that people take a different vaccine from their primary course, a practice several studies have shown provides better protection

Caixin Global

China Stops Reporting Asymptomatic Covid Cases

National Health Commission cites difficulties in accurately counting the total after the country ended mandatory mass testing

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index finished nearly flat

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