Caixin Global

Caixin Global

Built on Caixin Media’s award-winning journalism, Caixin Global delivers fast, reliable business and financial news about China to the world. It offers its English news via a 24/7 digital and mobile platform (caixinglobal.com), and runs a print magazine. Its editorial staff are insiders with a profound understanding of China's economic and social changes. As an industry leader in China, Caixin Global is a media pioneer in exploring overseas markets and is well-positioned to serve global users with insights, information and news reports about China. 

 

Fishing boats docked at a fishing port in Qiaogangzhen, Beihai, Guangxi, China, 20 March 2022. (CNS)

The growing difficulty of balancing China’s local government budgets

Despite many Chinese provincial-level regions reporting higher-than-expected revenues in 2021, some lower-level governments struggled with budgetary constraints. A gloomier budget outlook this year could add to woes all round and hurt local governments' capacity to finance investments and repay debts.
Couples attend a group wedding ceremony at a marriage registry in Donghai, Jiangsu province, China, on 22 February 2022, a palindrome day written as "22-2-22". (AFP)

Monogamy or polygamy: An economic choice?

One may be tempted to assume that monogamy is the ideal that humans aspire to, but this is not the case, says Chinese economics professor Li Jingkui. He explains why different marriage systems were devised to maximise economic benefits.
Motorists refill their vehicles with petrol at a gas station in Phnom Penh, Cambodia, on 3 March 2022. (Tang Chhin Sothy/AFP)

Kidnapped and abducted, Chinese nationals are falling victim to cross-border crimes in Cambodia

The case of Li Yayuanlun, a Chinese national who was kidnapped and forced to work as a “blood slave” by a gang of online scammers in Cambodia, sent shock waves through China. While the Cambodian police have questioned the veracity of Li's story, this incident nonetheless reflects the transnational illegal activities and violent crimes involving Chinese nationals in Cambodia.
Children play with an ice sculpture of three astronauts in Harbin, Heilongjiang province, China, on 28 December 2021. (AFP)

Why extended maternity leave will not encourage childbirth in China

Li Jingkui explains that having children is very much an economic decision with hard choices involved, particularly for women. Research has shown that women’s chances of gaining employment after bearing their first child fall by 6.6%, and by another 9.3% after the second child. The government believes that an extended maternity leave policy will aid women and increase the nation’s fertility rate, but the reality may be much to the contrary.
This photo taken on 15 November 2021 shows solar panels on hillsides at Xuanhua in Zhangjiakou, Hebei province, China. (Greg Baker/AFP)

Why China’s once red-hot solar sector is cooling

Over the past year, capital from industries such as liquor, finance, real estate and the internet has been pouring into the new energy sector, driving up the valuations of solar energy stocks in China. However, the industry looks set to come back down to earth. Why is this so?
People check a display near a Huawei logo during a media day for the Auto Shanghai show in Shanghai, China, 19 April 2021. (Aly Song/Reuters)

Huawei: China's Tesla challenger in the making?

Huawei has long denied that it will enter the auto manufacturing industry. Instead, the company has emphasised its partnership with automakers to build autonomous driving technology. However, since the launch of a luxury electric SUV, the M5, the market has begun speculating whether Huawei’s stance on the auto business has changed.
People ride bicycles along the promenade at Marina Bay in Singapore on 21 December 2021. (Roslan Rahman/AFP)

Singapore, Hong Kong vie for wallets of rich Chinese in tech sector

The battle is heating up as Hong Kong and Singapore both vie for the wallets of rich Chinese in the tech sector. With the idea of family offices gaining popularity in recent years, will Hong Kong or Singapore have the edge over the other?
A man wearing a face mask walks past an advertising board featuring Bing Dwen Dwen, the Beijing 2022 Winter Olympic Mascot and Shuey Rhon Rhon, the 2022 Beijing Winter Paralympic Games Mascot, in Beijing, China, 24 January 2022. (Tyrone Siu/Reuters)

Beijing gears up for Winter Olympics amid Omicron threat

Beijing is about to make history by becoming the first city to host both the Summer and Winter Olympic Games. Despite being a country that had a late start to winter sports and being hit by the Omicron variant lately, how will China push through and deliver a “safe, streamlined and splendid” event as promised?
Visitors walk in front of "HOLD ONTO YOUR BITCOIN" by Gustav Szabo, known as Szabotage, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China, 30 September 2021. (Tyrone Siu/File Photo/Reuters)

The uncertain future of NFTs in China

The non-fungible token (NFT) is a growing phenomenon in China, despite a cautious regulatory environment and official hostility to cryptocurrencies, which also use blockchain technology. But experts warn that as with every technology, particularly new ones, there is also a risk of misuse, such as in instances of fraud or compromised accounts.