Caixin Global - Latest Business and Financial News on China, U.S. Trade War and Negotiations, Breaking News, Headlines and Developments

TOP STORIES

: Cover Story: How U.S. Tech Blockade Sparked China’s AI Chip Boom
As Washington tightens export controls, Chinese developers are pivoting to domestic alternatives, though severe manufacturing bottlenecks remain

: Weak Dollar Saps Chinese Automakers’ Profits Despite Surging Overseas Sales
A strengthening Chinese yuan reversed foreign-exchange gains from a year earlier, wiping out billions of yuan in first-half profits for major carmakers despite their surging exports

Regulators Call Out BYD, Geely Over Production Flaws

Discrepancies found in top-selling models highlight Beijing’s escalating crackdown on a domestic price war that is driving manufacturers to cut corners

: China’s Big Three Airlines Sink Deeper Into Losses as Fuel Costs Surge
State-owned carriers posted combined first-half losses of 8.2 billion yuan despite higher revenue, while private rivals stayed profitable amid pressure from high-speed rail and weak pricing

China’s State Capital Budget Revenue Jumps 40% as SOE Remittances Rise

Higher profit transfers from state-owned enterprises lifted revenue in the first seven months of 2026, while spending was nearly flat, pointing to increased support for the general public budget

INSIGHT

In Depth: Southeast Asia’s AI Data Center Boom Has a Power Problem

Cover Story: China Tech Firms Drive AI Data Center Boom in Southeast Asia

Analysis: China’s Next Infrastructure Push Is Bigger — and More Complicated

Caixin Explains: How China Plans to Pay for Its Urban Renewal Push

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China Business Uncovered Podcast: Inside Italy’s Chinese Underground Banking Rings

Aug 28, 2026 03:48 PM

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LATEST NEWS

: China’s Sports Graft Probe Deepens as Two More Top Badminton Officials Fall
Dual probes into former Olympic medalist Xia Xuanze and previous executive Wang Wei effectively gut the association's upper ranks, mirroring the devastating sweeps that previously overhauled Chinese soccer
Sep 01, 2026 12:26 PM

: Jiangsu’s Top Personnel Official Investigated in Graft Probe
Liu Jianyang, who ranked fourth in the provincial leadership hierarchy, is the 48th senior cadre ensnared by Beijing’s top anti-graft watchdog this year
Sep 01, 2026 11:29 AM

: Momenta to Mass-Produce Level 3 Autonomous Vehicles, Eyes Subscription Model
Chinese autonomous-driving supplier says production rollout could begin in 2027 as regulation catches up
Sep 01, 2026 11:15 AM

: Top Stories of the Month: Cover Story: Unmasking the Architect of a Global Cybercrime Empire
Armed with multiple identities, Hu Xiaowei constructed an international network of businesses suspected of being used to launder the profits of Prince Group’s multibillion-dollar scams
Sep 01, 2026 10:00 AM

: CX Daily: How U.S. Tech Blockade Sparked China’s AI Chip Boom
As Washington tightens export controls, Chinese developers are pivoting to domestic alternatives, though severe manufacturing bottlenecks remain
Sep 01, 2026 09:00 AM

: Xi and Putin Pledge Deeper Coordination at SCO Summit in Bishkek
Chinese and Russian leaders said they would strengthen strategic ties and expand coordination in multilateral forums as global uncertainty rises
Sep 01, 2026 02:47 AM

: Zhipu Revenue Rises Nearly 400% as Cloud Business Gains Ground
Chinese AI developer says API and open-platform services became its main growth engine, even as heavy spending on models and infrastructure continues to weigh on profitability
Sep 01, 2026 01:53 AM

: Overseas Growth Lifts China’s Top Machinery Makers, but FX Losses Hit Profit
Strong overseas demand boosted first-half revenue at Sany, XCMG and Zoomlion, but foreign-exchange losses and rising costs limited earnings growth
Sep 01, 2026 12:22 AM

: PetroChina First-Half Profit Climbs 22% Despite Lower Crude Output
Integrated operations and expanding new-materials production supported earnings growth even as overseas oil production declined and domestic fuel demand weakened
Aug 31, 2026 11:49 PM

: Chart of the Day: China’s Tea Chains Serve Up a Mixed Brew
First-half results reveal widening gaps as brands push into coffee, specialty drinks and ice cream in search of profitable growth
Aug 31, 2026 06:31 PM

: Business Brief (Aug. 31): Chinese Chipmaker CXMT Sues U.S. Defense Department
Lithium prices rebound nearly 30%, while China’s medical beds decline for the first time in 30 years
Aug 31, 2026 06:18 PM

: China Drafts Law to Merge Local Levies Into Single Surtax
The proposed legislation gives provincial governments the power to set rates between 11% and 13%
Aug 31, 2026 05:57 PM

: Analysis: High Property Prices, Stagnant Incomes Overshadow Local Mortgage Perks
Chinese cities are providing homebuyers with cash payouts, but with subsidies capped around at 50,000 yuan, industry insiders call the help a 'drop in the bucket'
Aug 31, 2026 05:38 PM

: Analysis: China’s Property Overhaul Targets Shadow Banking, Local Debt Risks
Regulators tighten curbs on real estate trusts and roll out a dedicated loan category for city upgrades to prevent hidden government debt
Aug 31, 2026 05:29 PM

: Commentary: The End of the Presale Era and China’s Housing Divide
Beijing’s push for a new real estate development model has triggered a stark divergence, rewarding quality and certainty while punishing speculative sprawl
Aug 31, 2026 04:39 PM

: Seoul and Beijing Ramp Up Diplomacy as Trump Eyes North Korea Talks
A flurry of high-level meetings highlights Seoul’s push to involve Beijing in regional peace efforts as Washington signals a renewed readiness to meet Kim Jong Un
Aug 31, 2026 03:50 PM