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The Latest Breaking News from Caixin Global

Out-of-Town Trips Make a New Year’s Comeback in China

About 60% of online travel agency Trip.com’s domestic users journeyed to another province or region during the three-day weekend, up from 40% last year

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Regional Trade Pact RCEP Takes Effect for Indonesia

With the Southeast Asian country on board, the trade deal has entered into force for 14 of the 15 participating countries

Caixin Global

Caixin New Economy Index Falls on Declining Labor Inputs

The contribution of high value-added industries such as biotech came in at 29.7 last month, down 0.3 points from November

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Shanghai Composite Index Rose 0.88% on Tuesday

Shenzhen Component Index closed up 0.92%

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Communist Party Names New Diplomatic Chief to Shape China’s Foreign Policy

Former minister Wang Yi has taken the helm at the party’s Central Foreign Affairs Commission

Caixin Global

Year in Review: China’s Struggle to Contain Covid Hits the Economy Hard

Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023

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

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

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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

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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%

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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%

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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

Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 0.13%

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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%

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news in one place.

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Over 20 Chinese Developers Plan Share Sales as Ban Ends

Seven companies including Risesun Real Estate Development publish preliminary offer details

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China Scraps Covid Curbs on Ports, Foreign Ship Crews

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

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

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

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