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The Latest Breaking News from Caixin

China's planned national digital health code system raises concerns over state surveillance

Beijing plans to develop an integrated online health platform featuring the digital health records of every resident, sparking concerns about intensified state surveillance.

ABC News

Caixin Media Hits Paid Readership Milestone

Subscribers topped 900,000 in October, cementing the company’s position as the world’s largest subscription-based news outlet outside the U.K. and the U.S., Publisher Hu Shuli announces

Caixin Global

Weekly Must-Read: Will Europe Pour More Money Into China?

As dramatic geopolitical changes alter the calculus, foreign investment from Europe more than doubles this year after three years of decline

Caixin Global

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Embattled Online Grocery Missfresh Faces Debt Claims in 1,400 Lawsuits

Former employers and suppliers demand $115 million, and the company has only 55 employees left, according to belated 2021 annual report

Caixin Global

Weekly Must-Read: Battle Begins for China’s Private Pension Funds

Institutions are rushing to bring investment products to market in wake of government plan to grow the underdeveloped sector

Caixin Global

Weekly Must-Read: Yuan Gets More International Love as Dollar Rivalry Grows

China and its trading partners are doing more business in yuan, Belt and Road investment is increasingly being funded in the Chinese currency, and ‘dim sum’ bond sales are booming

Caixin Global

Investment in China’s New Economy Sectors Shrinks, Caixin Index Shows

The contribution of high value-added industries such as biotechnology to the country’s total economic inputs slipped in October

Caixin Global

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Shanghai district orders mass COVID-19 testing, lockdown

China's largest city of Shanghai is ordering mass testing on all 1.3 million residents of its downtown Yangpu district and confining them to their homes at least until results are known

The Independent UK

Asian stocks sink on German inflation, British tax cuts

Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened

The Independent UK

China quarantine bus crash prompts outcry over 'zero COVID'

A nighttime bus crash that killed 27 people in southwest China this week has set off a storm of anger online over the harshness of the country’s strict COVID-19 policies

The Independent UK

China's Sichuan extends power curbs until Aug.25 as heatwave drags on

China's scorched southwestern regions extended curbs on power consumption on Monday as they deal with dwindling hydropower output and surging household electricity demand during a long drought and heatwave.

Reuters

Protest in China over frozen bank accounts ends in violence

Authorities say some customers will start getting their money back after angry crowd in Henan was broken up by heavy-handed security guards

The Guardian - UK

Kaisa Group in Debt Restructuring With Citic Bank, Sources Say

Defaulted Chinese developer taps long-term creditor Citic for bailout linked to properties and gets new funds to complete underlying projects

Caixin Global

Asian shares mostly lower after pessimistic 'tankan' survey

Asian benchmarks are lower, echoing a decline on Wall Street, after a quarterly report by Japan’s central bank rekindled worries about the world’s third largest economy

The Independent UK

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Caixin Global

Weekly Must-Read: How Bad Is China’s Manufacturing Exodus?

While disruptions from pandemic controls threaten to add impetus to the outflow, China retains tremendous advantages over India and Southeast Asia

Caixin Global

Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property

Chinese entrepreneurs, professionals and their families are moving to the Southeast Asian country in droves

Caixin Global

Weekly Must-Read: Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property

Chinese entrepreneurs, professionals and their families are moving to the Southeast Asian country in droves

Caixin Global

Ex-Deputy of Anbang Takeover Task Force Falls Under Graft Probe

Investigators could be potentially looking into Fu Fei’s role in the takeover of financial conglomerate Anbang, sources say

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Caixin Global

Opinion: Why an External Investigation Will Better Root Out Gang Crime in Tangshan

Designating public security officials from another city to look into the brutal attack on women in the northern Chinese city could prevent local interference

Caixin Global

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

Caixin Global

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

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

Caixin Global

Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

Caixin Global

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

Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

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