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The Latest Breaking News from Caixin Global

Beijing Urges Local Governments to Set Aside Enough to Cover Covid Testing

Finance Ministry’s instruction comes in the wake of a national ruling that requires localities to pay for mass testing out of their own fiscal budgets

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Chongqing Authorities Investigate Fatal Police Shooting

A police statement said the victim had attacked the officer prior to the shooting, as he was ‘dissatisfied’ with his handling of a dispute

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Shanghai Composite Index Rose 1.19% on Tuesday

Shenzhen Component Index closed up 1.92%

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China’s Aviation Regulator Halts Subsidies to Airlines

Flights drop as Covid-relief plan kicks in, raising concerns of carriers sandbagging to collect government payments

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Shanghai Announces Raft of Policies to Resurrect Economy

Government aiming, in particular, to prop up the property market, smaller enterprises, and consumer demand

Caixin Global

Editorial: Gaining the Upper Hand in a Changing Global Economy

Whether it’s about stabilizing macroeconomic fundamentals or dealing with future global competition, China should stick to ‘doing its own thing well’

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China’s Top EV-Maker BYD Revs Up Brazil Expansion

Shenzhen-listed automaker plans to increase its number of franchise dealerships in the South American country to 100 by the end of 2023

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Shanghai Composite Index Rose 0.6% on Monday

Shenzhen Component Index closed up 1.04%

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Kangmei Investors Collect $364 Million in First Class-Action Judgment

Scandal-plagued drugmaker issues fraud compensation payments to 52,000 stockholders under terms of November court ruling

Caixin Global

How Davos Fell Behind the Times

The WEF and other global forums, once a haven for the elite to debate and set the global agenda, are increasingly providing less and less leadership

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China Subsidizes Airlines, Car Purchases to Ease Pain of Crippling Lockdowns

Authorities issue a raft of measures to boost consumer spending and support businesses hit hard by persistent Covid controls

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Beijing Health Officials Probed for Covid Testing Fraud

The trio were responsible for supervising a lab where testing irregularities were found in an investigation launched earlier

Caixin Global

Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed down 0.12%

Caixin Global

Weekly Must-Read: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry

Securities authority says the industry should become more diverse and focus on long-term returns

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Caixin Global

Q&A Site Zhihu Founder Vows to Slash Red Ink as Losses Grow

The company’s net loss widened 89% to $92 million in the first quarter

Caixin Global

Opinion: AI Has a Role to Play in Climate Change, but It May Come at a Cost

By making more accurate predictions and using resources more efficiently, AI can help reduce climate change, but deep learning models also have drawbacks

Caixin Global

Shanghai Composite Index Rose 0.5% on Thursday

Shenzhen Component Index closed up 0.57%

Caixin Global

China’s Premier Puts Greater Emphasis on Growth

Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP

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Caixin Global

Beijing Health Chief Sacked

Yu Luming was placed under investigation by the Communist Party’s graft-buster a month ago

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November Looms Large for U.S.-Listed Chinese Firms Facing Delisting

Nearly 200 firms could be booted from U.S. exchanges if accounting watchdog PCAOB cannot complete its audit investigations into them by that time, an SEC official says

Caixin Global

Fisher: Bullish Vibes Brewing Beneath Covid Woes and Global Pessimism

Plunge into the gap between expectations and reality to catch the bounce

Caixin Global

Shanghai Composite Index Rose 1.19% on Wednesday

Shenzhen Component Index closed up 0.7%

Caixin Global

China’s Foreign Minister to Visit South Pacific Island Nations After Security Pact With Solomon Islands

Wang Yi’s trip will take him to the Solomon Islands, Kiribati, Samoa, Fiji, Tonga, Vanuatu, Papua New Guinea and East Timor

Caixin Global

Beijing Vows to Stamp Out Covid, Transfers Nearly 2,000 People to Neighboring City for Isolation

Chinese Vice Premier Sun Chunlan calls for quicker isolation of the infected and their close contacts as outbreak enters second month

Caixin Global

Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

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