The Latest Breaking News from Caixin Global

Top Stories of the Month: China’s Effort to Move Mountain of ‘Hidden Debt’ Faces Uphill Climb

Local governments’ invisible debt could be as high as almost $10 trillion, double Japan’s GDP, posing a risk of destabilizing the banking and financial sector

Caixin Global · May 30, 2023

Morgan Stanley Gets Nod to Open China Futures Business

The unit will be the second wholly foreign-owned company operating in a market that generated a turnover of $80 trillion last year

Caixin Global · May 30, 2023

Former Senior Provincial Legislator Ensnared in Graft Probe

Ex-deputy director of Northwest China’s Shaanxi province Li Jinzhu has been placed under investigation by the country’s top graft watchdog

Caixin Global · May 30, 2023

China Plans First Crewed Moon Landing by 2030

The country also aims to master short-term habitation and human-machine exploration on the lunar surface by the same date, China Manned Space Engineering Office says

Caixin Global · May 29, 2023

Shanghai Composite Index Rose 0.28% on Monday

Shenzhen Component Index closed down 0.8%

Caixin Global · May 29, 2023

China Battery Maker CALB Rescinds Job Offers to Hundreds of Fresh Graduates, Sources Say

The move comes amid belt tightening due to shifting market demand in the electric vehicle market

Caixin Global · May 27, 2023

China to Ease Requirements for Small-Scale Wind Power

Projects will be able to skip lengthy approval process as authorities substitute a simpler registration system to spur renewable energy

Caixin Global · May 26, 2023

China, U.S. Commerce Chiefs Hold ‘Constructive’ Talks on Trade Amid Growing Tensions

Wang Wentao expressed concerns about U.S. semiconductor policy and export controls, while his American counterpart Gina Raimondo flagged China’s recent actions against U.S. companies operating in the country

Caixin Global · May 26, 2023

Beijing Dismisses Western Intelligence Allegations of Chinese Hacking

Foreign ministry calls the report, released by Microsoft and members of the U.S.-led Five Eyes intelligence alliance, ‘extremely unprofessional’ and part of a ‘collective disinformation campaign’

Caixin Global · May 26, 2023

Shanghai Composite Index Rose 0.35% on Friday

Shenzhen Component Index closed up 0.12%

Caixin Global · May 26, 2023