http://www.caixinglobal.com/ https://file.caixin.com/en/web/img/logo.jpg The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe. ... Read more]]> Alibaba Cloud is doubling down on globalization with a bold new strategy and 380-billion-yuan ($52.7 billion) investment plan aimed at creating a unified global cloud network and accelerate the international rollout of its AI offerings. ... Read more]]> After four years of behind-the-scenes development, Xiaomi has officially joined the top tier of smartphone chipmakers with the launch of its first in-house 3-nanometer system-on-chip (SoC), the Surge Xuanjie O1, along with its first self-developed 4G baseband chip, the Xuanjie T1. ... Read more]]> China has pledged $500 million over five years to the World Health Organization, stepping in as the largest state donor after the United States’ withdrawal from the United Nations health agency. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> Authorities in Shanghai and Hangzhou have launched separate probes into Shanyuhai into the suspected illegal collection of public deposits. According to an official notice from the West Lake District’s special task force, both cities have taken criminal enforcement actions against company personnel, and local stations have begun registering complaints from investors. ... Read more]]> As Beijing and Washington reached a temporary truce in their trade war last week, Chinese exporters are rushing to ship goods to the U.S. before conditions change again. The scramble has sent freight rates soaring and overbooked cargo slots across major ports. ... Read more]]> The tariff truce between Beijing and Washington is offering some respite for Chinese manufacturers of electric-vehicle (EV) batteries as they contend with weak demand at home and overcapacity. However, the reprieve may not be enough to reverse the slump in prices for the battery metal, which has hit miners and suppliers hard and left many companies who bought stock when costs were high facing losses. ... Read more]]> A cohort of Chinese companies are pouring cash into Brazil, across sectors ranging from beverages and automotive to food delivery and renewable energy. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> The U.S. Food and Drug Administration on Friday approved the first blood test to aid in the diagnosis of Alzheimer’s disease, a move that could simplify and expedite the detection of the neurodegenerative condition. The test, named Lumipulse G, is intended for patients aged 55 and older who are exhibiting symptoms consistent with Alzheimer’s. ... Read more]]> A dash to beat a 90-day tariff reprieve has seen China-to-U.S. shipping routes shift into overdrive, triggering soaring freight rates, overbooked cargo slots and a full-blown export scramble that echoes the chaos of the pandemic-era trade surge. ... Read more]]> China’s economic growth slowed in April on a year-on-year basis, but industrial output and exports exceeded expectations. What does this mixed picture suggest, and what should we anticipate? ... Read more]]> Shares of Contemporary Amperex Technology Co. Ltd. (CATL) jumped more than 16% on their Hong Kong debut Tuesday, after the Chinese battery giant netted HK$35.7 billion ($4.56 billion) from what is reportedly the largest IPO globally so far this year. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> In this week’s Caixin energy wrap, we analyze China’s biggest climate and energy news on policy, industry, projects and more: ... Read more]]> On May 11, U.S. President Donald Trump announced on social media that he plans to slash prescription drug prices by 30% to 80%. ... Read more]]> A breakthrough in China-U.S. trade talks has sparked renewed investor interest in Chinese markets. ... Read more]]> China is poised to overhaul its three-decade-old Prison Law, with draft amendments aimed at enhancing inmate rights, facilitating their rehabilitation and increasing management transparency. ... Read more]]> Acquaintances committed more than 80% of child sexual abuse cases in China in 2024, with online exploitation of minors intensifying and nearly half of preschool children found to have encountered harmful internet content, according to a new report. ... Read more]]> Huawei Technologies Co. Ltd. unveiled its first personal computers Monday in Chengdu, with machines powered by the company’s self-developed chips and HarmonyOS operating system in a direct challenge to the long-standing dominance of Windows-Intel (Wintel) and Apple’s macOS technology. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> China’s enormous mutual fund industry is facing a much-needed reckoning. The China Securities Regulatory Commission (CSRC) recently unveiled an “Action Plan for Promoting High-Quality Development of Public Mutual Funds.” This isn’t just another bureaucratic shuffle; it’s a direct response to mandates from a September Politburo meeting and the guidelines on capital markets’ risk prevention measures issued by the State Council in April last year, both aimed at steadying and improving the nation’s capital markets. ... Read more]]> Liu Mo, an investor from the central Chinese city of Wuhan, was recently contacted by his local tax office. After actively trading U.S. stocks through platforms such as Futu and Tiger Brokers in recent years, he received a text message, a tax app alert and a follow-up phone call this month, urging him to review whether he had reported his overseas income dating back to 2021. ... Read more]]> After 40 days of escalating trade tensions driven by U.S. President Donald Trump’s sweeping campaign of “reciprocal tariffs”, the world’s two largest economies agreed to a temporary ceasefire in Geneva on May 12, offering a fragile reprieve in a mounting global trade war. ... Read more]]> On a sunny May afternoon, a crowd of journalists, politicians and business figures gathered in the historic Hong Kong Foreign Correspondents’ Club. ... Read more]]> General Motors China Inc. is to restructure its Durant Guild imported car unit, the automaker announced Thursday. The decision comes as China continues to impose high tariffs on U.S.-made traditional vehicles despite a surprise de-escalation in the trade war between the world’s two largest economies. ... Read more]]> Lei Jun, CEO of Xiaomi Corp., addressed employees in an internal video leaked Friday, responding for the first time to the fatal SU7 accident that killed three people in March. In the video he pledged to make Xiaomi’s cars the safest in their class. ... Read more]]> The Chinese mainland is experiencing a renewed moderate rise in Covid-19 infections, but large-scale outbreaks remain unlikely, according to the China Center for Disease Control and Prevention. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> Cai Wensheng, co-founder of Chinese photo editing app Meitu Inc., and his wife have reportedly spent HK$1.1billion ($141 million) on Hong Kong property, snapping up a commercial tower and a luxury residence during the market downturn. ... Read more]]> The recent bilateral economic and trade talks in Geneva between the U.S. and China yielded substantive progress, a welcome development for a world economy starved of good news. The high-level meeting between Chinese Vice Premier He Lifeng, leading the Chinese delegation, and his U.S. counterparts, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, culminated in a series of important understandings, formalized in a joint statement. This represents a crucial step toward resolving differences through equal dialogue, taking into account mutual concerns and developmental interests, and lays a foundation for bridging further divides. As a Commerce Ministry spokesperson affirmed on May 15, “Next, both sides will maintain communication on their respective economic and trade concerns based on the consensus reached in Geneva.” The outlook is promising. ... Read more]]> Brazilian President Luiz Inácio Lula da Silva, concluding a state visit to China, declared that “trying to establish unilateralism now, trying to dismantle the cohesion that multilateralism enabled in trade matters is, at the very least, a mistake being made,” and that Beijing and Brasília align their interests in defending multilateralism. ... Read more]]> The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe. ... Read more]]> China’s polysilicon producers are cutting output to historically low levels, with average operating rates dropping below 40%, as a prolonged supply glut and plunging prices push the solar supply chain into its deepest downturn in years. ... Read more]]> State-owned enterprises (SOEs) backed by local authorities have emerged as a critical engine powering China’s fixed asset investment. ... Read more]]> JD.com Inc. saw losses deepen in its “new businesses” segment in the first quarter, amid the e-commerce giant’s costly push into China’s highly competitive food delivery sector. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> Tencent Holdings Ltd. is deploying the high-performance chips it stockpiled in response to the U.S.’ sweeping tech export controls on its revenue-generating businesses, President Martin Lau said, in a sign the Chinese internet behemoth is making a bigger bet on artificial intelligence (AI) to drive growth. ... Read more]]> April 2, 2025, will go down in history — but likely not in the way U.S. President Donald Trump had hoped. ... Read more]]> After two years of breakneck growth, China’s car exports to Russia are reversing sharply, with first-quarter shipments in 2025 falling 44% year-on-year, reflecting growing pressure from Moscow’s tightening trade policies and rising geopolitical risks. ... Read more]]> Chinese rare earth magnet producers are gradually resuming overseas shipments under a new export license regime, after Beijing tightened controls on mid-to-heavy rare earth exports in April — sending shockwaves through global supply chains and driving up prices in Europe and the United States. ... Read more]]> A Chinese court has handed down a suspended death sentence on Zhao Weiguo, the former chairman of once high-flying chipmaking conglomerate Tsinghua Unigroup Co. Ltd., after he was convicted of corruption and embezzlement. ... Read more]]> The U.S. government is attempting to limit the use of Huawei Technologies Co. Ltd.’s advanced computing chips worldwide, introducing a new restriction as part of a years-long effort to curb the Chinese tech giant’s ambitions in the industry. ... Read more]]> In this week’s Caixin energy wrap, we analyze China’s biggest climate and energy news on policy, industry, projects and more: ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> Uncertainty over the outlook for China’s exports amid the tariff war with the U.S. has prompted the Chinese government to step up support for two trade credit insurance programs as part of its strategy to help exporters weather the shock. ... Read more]]> In a major step toward easing China-U.S. trade tensions, senior officials from Beijing and Washington jointly announced Monday that most of the additional tariffs they had imposed on each other would be suspended for 90 days or removed, while negotiations continue to resolve a string of economic and trade issues between the two countries. ... Read more]]> The United States has slashed tariffs on small parcels from China, cutting ad valorem duties from 120% to 54% and canceling a planned increase in fixed charges per package. The move has led to cautious optimism among Chinese cross-border sellers, though structural constraints on direct shipping models such as Temu’s remain unresolved. ... Read more]]> Idle ships are starting to dock, truckers are back on the road and freight forwarders are scrambling to meet demand as transpacific shipping rebounds after a surprise tariff rollback between the United States and China. ... Read more]]> Chinese markets and industries showed swift reactions Tuesday following a breakthrough in the protracted trade standoff between China and the United States. The two sides jointly announced an agreement to temporarily reduce tariffs, offering a 90-day pause for negotiations over broader structural issues. ... Read more]]> China and the United States reached a temporary truce in their escalating trade dispute after talks in Switzerland led to their agreeing to suspend most of the retaliatory tariffs for 90 days. ... Read more]]> Contemporary Amperex Technology Co. Ltd. (CATL), the world’s largest maker of batteries for electric vehicles (EVs) and energy storage systems, will collaborate with Changan Mazda Automobile Co. Ltd. to develop EVs using CATL’s integrated skateboard chassis technology. The partnership marks the battery giant's first such deal with a foreign auto brand. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> Chinese buyers are in no hurry to resume U.S. agricultural and energy imports as tariffs of more than 20% remain even after the two countries reached an agreement to step back from an escalating trade war. ... Read more]]> Chinese lithium battery exporters welcomed the move by the U.S. to roll back punitive tariffs, potentially reviving shipments to one of the industry’s most important markets. ... Read more]]> Hong Kong is experiencing a significant resurgence of Covid-19 infections, with particular concern over its impact on children. ... Read more]]> Chinese exporters are cautiously resuming shipments to the United States after a surprise tariff rollback by Washington and Beijing but remain wary of policy swings. Numerous companies are waiting for customs confirmation before dispatching goods and are speeding up efforts to diversify into domestic and Southeast Asian markets. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> China and the U.S. have agreed to suspend most of the punitive goods tariffs they had imposed on each other for 90 days, while they continue negotiations to resolve bilateral economic and trade disputes, according to a joint statement released by the two sides on Monday. ... Read more]]> China and the European Union could team up to promote the green transition in other countries, as a way to continue collaborating while the political landscape is making it hard for them to work together on each other’s home turf, said Erik Berglöf, chief economist of the Asian Infrastructure Investment Bank (AIIB). ... Read more]]> As global demand for steel plateaus and the green energy transition accelerates, BHP is shifting its focus to the key commodities of the future. ... Read more]]> Air cargo between China and the U.S. has plunged since Washington scrapped duty-free treatment for low-value parcels from China, as freighter flights were canceled and shipping rates collapsed. ... Read more]]> China has unveiled its long-anticipated Private Economy Promotion Law, a landmark statute passed by the Standing Committee of the 14th National People’s Congress (NPC) on April 30. It is the country’s first foundational law dedicated specifically to developing the private sector. After three readings — in December 2024, February 2025 and April 2025 — the law, consisting of nine chapters and 78 articles, is scheduled to take effect on May 20. It addresses fair competition, investment and financing, technological innovation, operational regulation, service guarantees and the protection of rights. ... Read more]]> With less than a month until he sits the 2025 Gaokao, China’s formidable national college entrance examination, high school pupil Li Li is feeling the pressure. ... Read more]]> U.S. President Donald Trump said on Friday he was considering lowering tariffs on Chinese imports from 145% to 80%, signaling a potential change of tone before high-level U.S.-China economic talks in Switzerland this weekend. ... Read more]]> Hebei Jingye Group Co. Ltd.’s overseas expansion efforts have hit a snag as the private Chinese steelmaker failed in its promise to turn its 5-year-old acquisition of British Steel Ltd. into a profitable venture. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> The recent arrest in Vietnam of a Chinese businessman has thrust yet another multimillion-dollar investment fraud into the spotlight in China. ... Read more]]> Welcome to Finance Movers and Shakers, a newsletter covering significant personnel changes and corruption scandals shaping China’s finance sector. ... Read more]]> High-end liquor maker Kweichow Moutai Co. Ltd. (600519.SH) is prioritizing cultural adaptation as it pushes for a global expansion, a top executive said at a Caixin forum. ... Read more]]> As global companies navigate economic shifts, rapid technological advancements and the energy transition, Brazilian mining giant Vale SA is doubling down on its commitment to sustainability. ... Read more]]> The growing use of drugs promising to protect liver function is fueling a billion-dollar industry in China, along with concerns about their costs to patients, both in terms of their health and pocketbooks. ... Read more]]> ... Read more]]> Plunging lithium prices have forced Chinese electric vehicle (EV) maker BYD Co. Ltd. and stainless steel producer Tsingshan Holding Group Co. Ltd. to cancel plans to build battery material plants in Chile, a setback for the Andean nation’s strategy to extract more value from its vast lithium reserves. ... Read more]]> Every month, as interest payment deadlines approach, the branch manager of a major state-owned bank in eastern China braces himself. He doesn’t wait for clients to show up — he goes to them, often pleading, in his words, “Please, just pay the interest.” ... Read more]]> The curious rise, and predicted fall, of DHgate in a ranking of most downloaded apps in the U.S. illustrates just how much Chinese cross-border e-commerce platforms had come to depend on a now-closed loophole in American tariff policy. ... Read more]]> Though demand from China has plateaued, underlying global supply challenges are being underestimated, Fortescue Ltd. CEO of Metals Dino Otranto told Caixin in an interview during Beijing’s China Development Forum on March 23. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> The Ministry of Education has added two more overseas institutions to its list of schools subject to extra scrutiny, amid growing concern over fraudulent courses and degree mills. ... Read more]]> China is pressing ahead with a financial reform initiative first unveiled during the March “Two Sessions” — the launch of a dedicated bond platform to support tech innovation. ... Read more]]> China on Wednesday released a series of policy measures aimed at boosting domestic demand and supporting the economy in response to escalating trade tensions with the United States. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> China’s top legislature has approved a revised law on infectious disease prevention and control, aimed at bolstering the nation’s public health defenses while seeking to better protect individual rights during outbreaks. The updated law will take effect on Sept. 1. ... Read more]]> China and the U.S. on Wednesday announced they will hold trade talks in Switzerland this week, after weeks of tit-for-tat tariff hikes between the world’s two largest economies that rocked the global market. ... Read more]]> The sweeping U.S. tariff policy targeting low-value parcels from China has upended cross-border e-commerce operations, forcing platforms such as Temu and Shein to pull fully managed listings and scramble to rework their logistics strategies. ... Read more]]> As the five-day May Day holiday came to an end in China, travel and spending data painted a mixed picture of consumer behavior. ... Read more]]> Finally, a month into Donald Trump’s “Liberation Day” tariff war, China and the United States are now signaling a potential return to the negotiating table. ... Read more]]> China saw a sharp increase in foreign visitors during this year’s Labor Day holiday, following the implementation of expanded visa-free policies and upgraded tax rebate programs. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> In this week’s Caixin energy wrap, we analyze China’s biggest climate and energy news on policy, industry, projects and more: ... Read more]]> The contribution of high value-added industries such as biomedicine to China’s total economic inputs fell last month to a half-year low, due mainly to a decrease in capital inputs, a Caixin index showed Friday. ... Read more]]> China has broken ground on three tunnels that will form part of the China-Kyrgyzstan-Uzbekistan (CKU) railway, marking the project’s entry into major construction after nearly three decades of planning. ... Read more]]> The International Monetary Fund’s latest forecasts paint a grim picture of a global economy buckling under escalating trade tensions and geopolitical risks, with growth slowing to levels rarely seen outside of financial crises and pandemics. ... Read more]]> Policies under U.S. President Donald Trump and the growing impact of tariff conflicts are reshaping the landscape of global safe-haven assets. ... Read more]]> Ant Group Co. Ltd., the fintech giant backed by Alibaba Group Holding Ltd., is seeking a Hong Kong listing for its international unit, Caixin learned from sources with knowledge of the matter. ... Read more]]> A rundown of the news making headlines in and around China: ... Read more]]> China has again further cut market access restrictions. The National Development and Reform Commission (NDRC), Ministry of Commerce and State Administration for Market Regulation recently released a pared down Market Access Negative List and announced a campaign to clean up market access barriers. The campaign targets local laws, rules and policy documents that violate market access requirements, as well as improper practices by local governments. These steps reflect a continued relaxation of access restrictions and are intended to further stimulate market vitality. ... Read more]]> One-hundred days into Donald Trump’s second presidency, global order is visibly cracking—and even America’s closest neighbor—Canada—is drawing new lines. ... Read more]]> U.S. President Donald Trump’s tariff assault on China has cast a shadow over the 137th Canton Fair, where vendors have noticed the conspicuous absence of their American customers at the country’s premiere trade expo. ... Read more]]>