The Latest Breaking News from Caixin Global

Luckin Coffee Turns First Annual Profit

The Starbucks challenger reported an operating profit of 1.16 billion yuan for 2022, coming off a loss of 539 million yuan the previous year

Caixin Global · Mar 3, 2023

Caixin China New Economy Index Expands on Surge in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech rose 1.2 points to 29.5 in February

Caixin Global · Mar 3, 2023

NPC Preview: Supporting Growth as the Top Priority

We expect the meeting to set the GDP growth target at ‘around 5%’ with supportive macro policies, including a higher headline fiscal deficit, small increase of new special local government bond quota and more property policy easing, the bank’s chief China economist Wang Tao says

Caixin Global · Mar 3, 2023

Huawei Spinoff Honor Takes on Apple in Europe

Chinese smartphone giant gears up to compete in the premium segment with its Magic5 series of devices

Caixin Global · Mar 1, 2023

China’s Richest Woman Takes Father’s Seat at Head of Country Garden’s Board

Yang Huiyan has been appointed chairperson of one of China’s largest property developers, succeeding the company’s retiring founder, Yeung Kwok Keung

Caixin Global · Mar 1, 2023

Shanghai Composite Index Rose 1.0% on Wednesday

Shenzhen Component Index closed up 1.11%

Caixin Global · Mar 1, 2023

China Eases Requirement of Negative Preflight Covid Tests for Some Countries

Travelers from nations including New Zealand, South Africa, Malaysia and Cambodia will still have to show a negative rapid antigen test result

Caixin Global · Feb 28, 2023

U.S. Approved 70% of China-Related Export License Applications in 2022

Agencies processed 40,000 requests with the goal of preventing advanced technology from falling into the hands of the Chinese military, according to the Department of Commerce

Caixin Global · Feb 28, 2023

China Threatens Retaliation After U.S. Sanctions Chinese Firms With Alleged Russia Ties

The foreign ministry also rejected Washington’s claims that Beijing is considering providing Russia with weapons, calling it ‘disinformation’

Caixin Global · Feb 28, 2023

Shanghai Composite Index Rose 0.66% on Tuesday

Shenzhen Component Index closed up 0.7%

Caixin Global · Feb 28, 2023