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The Latest Breaking News from Caixin Global

Weekly Must-Read: China’s Record-Breaking Unemployment Rates Amid Covid Lockdowns

Surveyed urban unemployment rate came in at 6.1% in April, while the figure for 16- to 24-year-olds hit the highest ever recorded

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Opinion: Three Ways China-West Economic Ties Could Play Out Post-Pandemic

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

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Chinese Banking Watchdog Says It’s Looking Into Rural Lenders Who Froze Online Services

The police have started an investigation into one shareholder of the village banks on suspicion it raised public funds illegally

Caixin Global

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China’s Imports of Natural Gas Fall Amid Sluggish Domestic Demand

Importers are less willing to place spot trade orders this year due to high energy prices and the impact of the pandemic, customs administration says

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Shanghai Composite Index Rose 0.36% on Thursday

Shenzhen Component Index closed up 0.37%

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Chinese President Xi Jinping Pledges to Open Door Wider to World

On 70th anniversary of international trade council, leader vows cooperation on vaccine research and development and on global public health

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China Loosens Covid Testing Rules for Travelers From U.S.

Passengers only need to take nucleic acid tests closer to departure date, no longer require antibody test results

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Shanghai Composite Index Fell 0.25% on Wednesday

Shenzhen Component Index closed down 0.2%

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JD.com Quarterly Growth at Eight-Year Low Amid Virus Restrictions

E-commerce giant’s revenue beats estimates despite nationwide consumption slump amid lockdowns and snarled logistics

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China Detects New Omicron Subvariant Considered More Infectious

The mutation of Covid-19, which has already appeared in the U.S. and Hong Kong, can be up to 27% more infectious than its predecessor on the Chinese mainland, reports say

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Shanghai Says It Has Stopped Community Spread of Covid

The milestone fulfills a key condition for completely lifting a weeks-long lockdown that has sparked public anger, battered business

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Shanghai Composite Index Rose 0.65% on Tuesday

Shenzhen Component Index closed up 1.23%

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North Korea Reports ‘Fever Cases’ in Almost 5% of Population

Without calling cases ‘Covid,’ isolated country says there were 392,920 new infections and eight deaths in 24 hours ended Sunday

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Parcel Deliveries Continue Dropping as Virus Restrictions Persist

Shanghai’s 90% plunge leads China slump as nationwide more than 1 billion fewer packages were distributed in April than in March

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Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

Stabilizing trading companies’ business operations, and building more secure industry and supply chains are issues of paramount importance

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Two Carriers to Resume Domestics Flights Out of Shanghai This Week

Juneyao and Spring Airlines will restart passenger services to the cities of Kunming and Longyan

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Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.6%

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China Pulls Out of Hosting 2023 Asian Cup Due to Covid

Shock announcement comes after Beijing postponed the 2022 Asian Games as lockdowns continue to restrict the movements of hundreds of millions of people across the country

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Former Moutai Chairman Gao Weidong Under Anti-Graft Probe

Currently head of the Guizhou province Coal Geology Bureau, Gao joins a parade of corrupt state-owned liquor giant executives and local government officials

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Opinion: China-U.S. AI Rivalry Doesn’t Have to Be a Zero-Sum Game

There are many areas where the two countries can work together for mutual benefit, such as fighting climate change and averting terrorist attacks

Caixin Global

China’s Biggest Research Database Faces Antitrust Investigation

CNKI is being probed for anticompetitive behavior, the market regulator says

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Shanghai Composite Index Rose 0.96% on Friday

Shenzhen Component Index closed up 0.59%

Caixin Global

Weekly Must-Read: Why China’s Seniors Hesitate to Get Vaccinated

The government has been trying to get shots specifically into the arms of people over 60 for more than a year, yet the vaccination rate of this most vulnerable group has remained consistently low

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Parcel Delivery Services in Shanghai Make Slow Comeback

Volume reaches 1 million packages daily — a sixth of normal capacity — as authorities clear more services to resume after month of Covid lockdowns

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China Says It Will ‘Strictly Restrict’ People From Entering or Leaving the Country

National Immigration Administration promises to limit ‘unnecessary outbound activities’ of Chinese citizens, without elaborating

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