Caixin

Pedestrians walk past a SoftBank mobile shop in Tokyo, Japan, on 12 May 2022. (Charly Triballeau/AFP)

How Japanese conglomerate SoftBank wrested back control of Arm China

Masayoshi Son, billionaire head of SoftBank Group Corp. may finally be able to push ahead with launching a US IPO for semiconductor and software design giant Arm Ltd., after wresting control of Arm China back from ousted CEO Allen Wu. It was no mean feat and a saga of twists and turns. But even now, some questions of Arm China’s shareholding and business remain unanswered.
A man walks near a coal-fired power plant in Harbin, Heilongjiang province, China, 27 November 2019. (Jason Lee/File Photo/Reuters)

Ukraine war driving up coal prices in China

Following a nationwide power shortage, China moved to rein in coal prices starting in October 2021. But experts reveal that prices have become a huge problem again this year, as imports grow pricier due to the war in Ukraine and regulations such as the price cap prove inefficient.
College students looking for suitable jobs at the job fair in Nanjing, Jiangsu Province, 29 May 2022. (Yan Bo/CNS)

Depression among China's college students reveals anxieties about jobs and Covid

Even with the easing of lockdown measures across China, the prolonged uncertainty has left a deep impact on youths. The grim employment outlook, volatile pandemic situation, along with the lack of mental health support, have led to elevated feelings of anxiety and insecurity among the young generation.
A woman holds Chinese RMB banknotes in this illustration taken on 30 May 2022. (Dado Ruvic/Illustration/Reuters)

Easing pandemic controls could curb RMB’s tumble against the dollar

The RMB's recent dramatic weakening did not come as a surprise to many. As stringent Covid-19 measures gradually ease, along with possible relaxations of policies in the real estate sector, could the worst be over for China's economy?
An aerial shot of the collapsed "self-built" building in Changsha, Hunan province, China, on 29 April 2022. (CNS)

Building collapses in China call for more stringent checks on structural safety

An eight-storey building adjacent to the Changsha Medical University collapsed on 29 April, killing 54 people, mainly students. It turned out that the building was a "self-build" that had been modified by the owners rather than constructed by developers. Authorities are now clamping down on safety inspections of building structures, but is it a case of too little, too late?
This file photo taken on 4 August 2021 shows police officers wearing protective gear against the spread of Covid-19 spraying disinfectant at Nanjing port, Jiangsu province, China. (AFP)

China’s powerful export engine losing steam amid Covid-19?

Waves of Covid-19 outbreaks have dealt a big blow to China's economy, with strict anti-epidemic measures affecting businesses, exports and trade. Lockdown uncertainties have also sparked fears of increased competition with foreign manufacturers and a global supply chain restructuring away from China. Caixin surveys the challenges ahead.
The ponds left by rare earth mining in Longnan city in Ganzhou, China, in March 2022. (Ding Gang/Caixin)

China's rare earth mining could cause irreversible environmental harm

Despite its economic benefits for locals, rare earth extraction has become quite a headache for the people of Ganzhou, Jiangxi province. They have been left with toxic water and contaminated soil which has an impact on the livelihoods of farmers nearby. With a lack of funding and technology, how can local governments clean up the mines?
This photo taken on 13 April 2022 shows a worker producing industrial robots at a factory in Wuhan, Hubei province, China. (AFP)

Why China has too many graduates and not enough skilled workers

Despite a record number of graduates entering the job market this year, China is seeing a shortage of skilled tradesmen, especially for the manufacturing industry. Chinese economics professor Li Jingkui believes that the main reason for the talent demand gap is China’s education system, which is driven by remnants of the backward ideology of the ancient feudal society.
Workers in protective suits disinfect an old residential area under lockdown amid the Covid-19 pandemic, in Shanghai, China, 15 April 2022. (Aly Song/Reuters)

Shanghai's Covid shutdown is disrupting domestic and global supply chains

As Shanghai battles with its worst Covid-19 outbreak, stringent anti-epidemic measures confining almost everyone at home have ground the city to a halt. It is believed that if Shanghai is not able to resume production by May, industries with supply chains in the area will not be able to function, and the automotive industry will be hit the hardest.