Caixin

A rescuer is helping a resident to get on a vehicle in Zhuozhou on 1 August 2023.

How a 140-year flood caught Beijing and nearby cities off guard

After experiencing the hottest June on record for the city, Beijing is now witnessing the most rainfall in the 140 years since records began. How did Typhoon Doksuri bring the prolonged heavy rainfall to northern China thousands of kilometres away from its landing point?
People ride past residential buildings developed by Country Garden Holdings Co. in Baoding, Hebei province, China, 1 August 2023. (Qilai Shen/Bloomberg)

China’s property crisis contagion spreads to state-backed developers

With sluggish sales, a growing list of unfinished projects and mounting debt repayments, China's property crisis, which is stretching into its third year, is now spreading to state-owned developers.
A livestreamer promotes coal during a livestreaming session on the Douyin app, in this illustration picture taken on 15 June 2023. (Florence Lo/Illustration/Reuters)

WeChat’s short video e-commerce drive suffers from a lack of customers

Tencent is pushing hard into the crowded social video market through its three-and-a-half-year-old Channels platform, a function embedded in WeChat. It has hopes of deriving associated revenue from livestreamed e-commerce. But how will this platform compare to frontrunners in the field such as Douyin and Kuaishou?
People attend a job fair in a mall in Beijing, China, on 30 June 2023. (Thomas Peter/Reuters)

Stemming population decline in Chinese first-tier cities

​Population figures are going down in China's major cities, not only in Beijing and Shanghai, but also in Shenzhen and Guangzhou. This trend is not only due to higher costs of living, but deeper concerns that prevent economies from finding a certain equilibrium after headwinds. Economist Li Jingkui explains.
China's energy storage sector is experiencing rapid growth but also facing some serious challenges. (iStock)

Five factors powering China’s energy storage boom

China's energy storage sector is experiencing rapid growth due to an accelerated uptake of renewables in the country’s energy mix and other factors. But the booming industry also faces some serious challenges. Here are five things to know about China’s energy storage industry.
A smartphone with a displayed Micron logo is placed on a computer motherboard in this illustration taken on 6 March 2023. (Dado Ruvic/Illustration/File Photo/Reuters)

China’s ban on Micron roils domestic memory chip market

US giant Micron Technology Inc. is facing a series of setbacks in China. With Chinese companies unlikely to take the risk of purchasing Micron products, who will fill the gap?
A labourer piles up steel pipes at a steel and iron factory in Shenyang, Liaoning province, China, 23 April 2010. (Sheng Li/File Photo/Reuters)

Metal magnate’s fall from China’s rich list to bankruptcy

Zhongwang Group founder Liu Zhongtian was once on the Forbes list of China's richest billionaires. But he has now come under legal restraint and his company has filed for bankruptcy. What went wrong?
A labourer pushes a handcart at the Mercato open-air marketplace in Ketema, district of Addis Ababa, Ethiopia, 21 July 2022. (Tiksa Negeri/File Photo/Reuters)

China joins effort to avert sovereign debt crisis

China, India, Saudi Arabia and the Paris Club of mostly Western traditional creditor nations are collaborating on debt resolution cases in multiple countries for the first time. Lengthy negotiations on debt reduction have been underway among creditors to determine who should bear potential losses and how restructuring plans should be arranged. Whether and how China will provide debt relief is a key element of these discussions.
Beijing has put in place new measures to tighten its grip over domestic data to protect national security. (Thomas White/Illustration/File Photo/Reuters)

How China is tightening controls over cross-border data transfers

In an effort to tighten its grip over domestic data to protect national security, Beijing has implemented the Measures on the Standard Contract for the Cross-Border Transfer of Personal Information, requiring certain personal data processors to sign contracts with overseas recipients before sending data abroad.