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The Latest Breaking News from Caixin Global

Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed up 0.32%

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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

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read the most diverse news in one place.

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

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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

Caixin Global

China Calls India Border Situation ‘Generally Stable’

Following clash along disputed Himalayan frontier, the two sides disengaged and are in communication, China says

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Longfor Gets $101 Million of Offshore Loans From Bank of China

Real estate developer becomes the first to tap into a measure intended to help cash-strapped property companies roll over foreign debt

Caixin Global

China Allows Online Sales of Pfizer Covid Pill Paxlovid

Patients can buy the antiviral drug after presenting a positive test result

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China to Set Rules for Creating 'Deepfakes'

Platforms that offer face-changing video tech will have to inform users that they must get permission from people whose faces and voices are being altered

Caixin Global

Shanghai Composite Index Fell 0.09% on Tuesday

Shenzhen Component Index closed down 0.66%

Caixin Global

China and Saudi Arabia Agree on $50 Billion of Deals

Saudi investment minister puts a value on a raft of accords signed last week during President Xi Jinping’s state visit, Bloomberg reports

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Editorial: China Needs to Build Up Medical Capacity to Tackle Covid

With the latest round of easing, authorities face the challenge of preventing shortages and stabilizing economic growth, while also optimizing virus control measures

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Shanghai Universities Let Students Head Home Early Amid Covid Spike

Students can apply to study remotely for the remainder of the term, as higher education institutions try to lessen the burden from potential infections

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news in one place.

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Caixin Global

Shanghai Composite Index Fell 0.87% on Monday

Shenzhen Component Index closed down 0.89%

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Douyin Accused of Foul Play Over World Cup 4K Streaming Rights

Court orders ByteDance’s popular short video app to remove ads promoting its 4K live streaming after a China Mobile subsidiary complained

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Xi Says Saudi Arabia is a Foreign Relations Priority as Beijing and Riyadh Elevate Ties

The development of relations with Saudi Arabia is a priority in China’s overall foreign relations, in particular its diplomacy in the Middle East, Xi said during talks with Saudi Crown Prince Mohammed bin Salman

Caixin Global

China Travel Demand Spikes on Latest Covid Easing Plan

Tourism firms’ stocks popped and online searches for air and train tickets surged, after Beijing announced it was lifting testing requirements for cross-regional travel

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news in one place.

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Caixin Global

Excavator Sales Rebound Offers Glimmer of Hope for China Recovery

Deliveries of the construction equipment, an important gauge of economic activity, rose 2.7% in November, breaking a 10-month losing streak

Caixin Global

Opinion: Is the World on the Brink of an Entirely New Era?

If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold

Caixin Global

Shanghai Composite Index Rose 0.3% on Friday

Shenzhen Component Index closed up 0.98%

Caixin Global

Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?

Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country

Caixin Global

Hong Kong Eases Covid Quarantine Rules Amid Surging Cases

Authorities cut isolation period to five days from seven as most infections are diagnosed by the fifth day, based on recent data

Caixin Global

China’s Local Governments Set Out Plans to Meet 2030 Peak Carbon Goal

Some 14 provincial-level regions have released detailed action plans, with the Southwestern province of Guizhou and North China’s Inner Mongolia autonomous region among the latest to make announcements

Caixin Global

British Businesses Prepare for Rising Covid Infections as China Scales Back Controls

An annual survey by the British Chamber of Commerce in China shows a pessimistic outlook, with Chair Julian MacCormac saying it’s too early to predict the impact of ‘zero-Covid’ relaxation efforts

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