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The Latest Breaking News from Caixin Global

Shanghai Ups Citywide Testing Regime in Effort to Become Covid-Free

The high-frequency testing push came after two suburban districts reported no new positive cases, a sign that the city’s outbreak might be on a downward trend

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Shanghai Composite Index Rose 0.23% on Friday

Shenzhen Component Index closed down 0.29%

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Weekly Must-Read: The Disrupted Lifelines of the Shanghai Outbreak

How the city’s Covid flare-up is throwing a wrench into the gears of China’s business engine as 25 million residents struggle to meet basic needs

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Opinion: The Doomsday Scenario of U.S.-China Financial Decoupling

Policy actions that sever linkages will result in great costs to both nations, driving Chinese firms to access global capital via alternative investment channels

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Shanghai Composite Index Fell 2.26% on Thursday

Shenzhen Component Index closed down 2.7%

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China to Add 300 Million Tons of Coal Capacity This Year

State Council vows to bolster energy security as coal is still king and accounts for 60% of China’s electricity generation

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Virus-Free Tibet Builds Two Makeshift Covid-19 Hospitals

Remote western region follows central government order responding to omicron emergency even though it hasn’t recorded a case in 810 days

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China’s Real Estate Woes Push Property Services Firm to Default on Dollar Bond

E-House fails to repay a $298 million bond due Monday after getting caught up in the financial troubles of several developers

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Ping An Unit Looks to Beef Up Private Pension Business With Fresh Funds, Sources Say

Ping An Annuity Insurance is seeking $1.6 billion from its parent, as it aims to further develop a business central to China’s plans to change how people save for retirement

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China’s Covid Controls Take a Heavy Toll on Highway Traffic

Volume of vehicles of the nation’s expressways plunges 40%, including a 65% drop in the Yangtze River Delta region around Shanghai

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The U.S. Isn't Going to Slacken Scrutiny After Ending the ‘China Initiative’

While the controversial China Initiative targeted mainly academics and researchers of Chinese descent for alleged espionage, the nascent Nation-State Threat Strategy significantly expands its enforcement scope to broader economic and ideological interests

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Shanghai Composite Index Fell 1.35% on Wednesday

Shenzhen Component Index closed down 2.07%

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China and Solomon Islands Sign Security Pact

Accord aims to assure social stability in South Pacific nation, China’s Foreign Ministry says, though U.S. fears it could lead to a Chinese military base there

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Central SOEs Post Slower Growth in First Quarter

Revenues and profits cool amid the Covid flare-ups and the war in Ukraine, offering a snapshot of the headwinds facing China’s economy.

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Opinion: China Is Still Investible, but Skills Needed to Succeed Have Changed

Investing in the country requires paying close attention to policymakers’ long-term vision, so deciphering their signals is now crucial

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Fisher: Uncertainty Is Sky-High, So Buy Stocks Before It Fades

The first-quarter fog will lift this year, catalyzing Chinese stocks’ long-awaited rebound

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Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.5%

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Top Automaker SAIC Moves to Resume Production in Shanghai

Preparations after three weeks of Covid lockdowns focus on ensuring personnel and supply chains with virus-control measures

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Editorial: Enabling the Establishment of a Unified Domestic Market

Allowing the market to play a decisive role in resource allocation and give better play to the role of the government is key to establishing an effective market and a responsive government

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China Eastern Puts Boeing Model From March Crash Back in the Sky

Airline says it has gradually resumed flying its fleet of nearly 90 737-800s with the exception of those bought around the same time as the crashed jetliner

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Shanghai Composite Index Fell 0.49% on Monday

Shenzhen Component Index closed up 0.37%

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China Likely to Offer Further Aid to Logistics Sector, Vice Finance Minister Says

Liao Min says he expects more supportive policies to be announced to aid in recovery of the Covid-hit industry

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Weekly Must-Read: China Slashes Quarantines for Travelers in Covid Control Trial

International arrivals will face 10 days of isolation instead of 14 in four-week test involving Shanghai, Guangzhou and six other cities

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Xi’an in Partial Lockdown to Fight Covid Flare-Up

Semiconductor manufacturing hub in northwestern China tells its 13 million people to stay home from Saturday to Tuesday

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PBOC Cuts Chinese Banks’ Reserve Requirement, Releasing $83 Billion

Central bank slashes RRR by 25 basis points, aiming to help reduce businesses’ borrowing costs

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