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The Latest Breaking News from Caixin Global

China’s Baowu Retains Global Steelmaking Crown

The state-owned goliath’s output grew 4.35% last year even as the country produced less steel overall, industry data show

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Opinion: China's Central Bank Digital Currency Could Revolutionize Global Trade

The digital yuan will play a key role in reducing dollar dependence and give countries another payment option for trade

Caixin Global

Shanghai Composite Index Fell 0.76% on Thursday

Shenzhen Component Index closed down 1.85%

Caixin Global

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China Ramps Up Regulation of Covid Test Agents

Top drug regulator warns of suspensions, recalls and penalties for bad actors as central government cracks down on fraud and other violations

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Shanghai Heightens Covid Restrictions After a Spike in Cases Sparks Concern

The city reimposes lockdowns on some residential neighborhoods after determining the virus is once again spreading outside quarantined areas

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Ling Huawei: Missions of International Organizations and Roles of China

What expectations should China have for international organizations? At present, the views of Chinese people from various backgrounds seem inconsistent, and include long-term misunderstandings, writes Caixin managing editor Ling Huawei

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Shanghai Composite Index Rose 0.68% on Wednesday

Shenzhen Component Index closed up 0.82%

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China to Sell $3.46 Billion of Treasury Bonds in Hong Kong

Borrowings will top last year’s total and mark the 14th straight year for the Finance Ministry to raise funds in Hong Kong

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Bank of China Joins Four Global Institutions in Green Banking Initiative

Cornerstone banks also include Citigroup, Credit Agricole, HSBC and Standard Chartered in project led by Hong Kong Monetary Authority and International Finance Corporation

Caixin Global

Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index finished nearly flat

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Elliott Associates Sues LME for $456 Million in Nickel Debacle

HKEX’s London Metal Exchange wrongfully canceled trades in March price spike, American vulture fund alleges in U.K. lawsuit

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Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

Caixin Global

Shanghai Composite Index Rose 1.28% on Monday

Shenzhen Component Index closed up 2.66%

Caixin Global

Train Derailment in Southwest China Kills Driver, Injures Eight

Remaining 136 passengers evacuated after train hit a mudslide causing two cars to leave the tracks

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Weekly Must-Read: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays

National Healthcare Security Administration says local medical insurance funds shouldn’t be used for large-scale programs

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Former Sanya Party Chief Sentenced to Death

Tong Daochi is convicted of insider trading and taking $43 million of bribes and is also sentenced to a fine and confiscation of all personal property

Caixin Global

Zhang Mei: Will Inbound Travel Return to China?

China’s international brand images is important to the travel industry, and that’s not something money can buy

Caixin Global

Caixin New Economy Index Drops on Shrinking Capital Investment

The share of 10 high value-added industries in China’s total economic inputs came in at 28.5% in May, slightly lower than the reading in April

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China Pushes Ahead With Plan to Cut Reliance on Iron Ore Imports

Government aims to accelerate construction of domestic projects to slash imports over next decades

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As Lockdown Lifts, Shanghai Swarmed With Termites

Annual efforts to eradicate the property-damaging pests were disrupted by measures to control the city’s Covid-19 outbreak

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China Eases Package Tour Restrictions to Aid Battered Industry

Groups will only be barred from traveling to specific cities with cases, rather than whole regions

Caixin Global

Shanghai Composite Index Fell 0.13% on Wednesday

Shenzhen Component Index closed up 0.21%

Caixin Global

Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

Caixin Global

Xi Vows That China ‘Will Always Be a Good Friend’ of Pacific Island Countries

Chinese president makes comment in written address to China-Pacific foreign ministers following U.S. President Joe Biden’s Asia tour

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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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