The Latest Breaking News from Caixin Global

Sinopec Expects 2021 Net Profit More Than Doubled to Up to $11.5 Billion

As China’s economy improved, the state-owned oil giant profited from rising crude prices and growing demand for oil products

Caixin Global · Jan 28, 2022

Chinese Military Prepared to Deal With Any External Provocations During Beijing Games, Official Says

Ministry of National Defense spokesperson made the remarks in response to a media query about U.S. Navy drills conducted near China

Caixin Global · Jan 28, 2022

IMF: A Disrupted Global Recovery

Global growth will come in at 4.4% this year, 0.5 percentage point lower than previously forecast, mainly because of downgrades for the U.S. and China

Caixin Global · Jan 28, 2022

China’s Banking Regulator Plans ‘Traffic Lights’ for Financial Sector

CBIRC’s 2022 goals include curbing the use of funds by banks and insurance companies for ‘blind overleveraging,’ financial monopolies and unfair competition

Caixin Global · Jan 26, 2022

Baidu, Geely EV Venture Raises $400 Million of Fresh Funding

Jidu Auto partnership to pour the funding into R&D and mass production of its first self-driving auto

Caixin Global · Jan 26, 2022

Former Party Boss of Alibaba’s Home Town Expelled Over Business Ties

Zhou Jiangyong, once in charge of the internet hub of Hangzhou, has been removed from official duties for ‘supporting the disorderly expansion of capital’

Caixin Global · Jan 26, 2022

Beijing Urges Integration of Shenzhen, Hong Kong, Macao Insurance Markets

Regulators have been working to develop a connect program in a bid to solve problems in cross-border services

Caixin Global · Jan 26, 2022

Ministry Warns China’s Export Growth Faces ‘Unprecedented Difficulties’

While momentum might be lost, the country will focus on improving the quality of foreign trade this year, while maintaining growth in a ‘reasonable range,’ Ministry of Commerce official says

Caixin Global · Jan 26, 2022

Opinion: China’s Factories Are Still Indispensable to the U.S.

Demand for Chinese goods will remain strong in 2022 due to weak manufacturing recovery, inflationary pressure, and continuing economic uncertainty in the U.S. due to fresh Covid outbreaks

Caixin Global · Jan 26, 2022

Shanghai Composite Index Rose 0.66% on Wednesday

Shenzhen Component Index closed up 0.7%

Caixin Global · Jan 26, 2022