Caixin Global

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. 

 

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.
Delivery workers drive their tricycles along a street in Beijing, China, on 5 January 2022. (Wang Zhao/AFP)

Plight of China's new generation of young migrant workers highlights pitfalls of labour reforms

Over the past three decades, China has implemented and revised its labour regulations in an effort to progress its market economy. Despite the strengthening of labour protection, young migrant workers have fallen through the cracks. Chinese economics professor Li Jingkui believes that the labour reforms have led to the social phenomenon of “Sanhe legends” — youths who are caught in an employment cycle characterised by poor working conditions, low wages and a lack of stability.
A logo of Tencent is seen during the World Internet Conference in Wuzhen, Zhejiang province, China, 23 November 2020. (Aly Song/File Photo/Reuters)

Tencent struggles to grow amid crackdowns and competition

Hit by China's regulatory crackdowns, increased competition and slowing growth, Chinese internet titan Tencent had a tough 2021. The company has had to restructure and expand its international revenue streams, and it is now faced with tough layoffs. How is it staying relevant in the tech game, and does this mean that "winter is coming" for the internet giant?
Pedestrians along the near-empty Nanjing Road shopping street outside of the impacted areas during a lockdown due to Covid-19 in Shanghai, China, on 31 March 2022. (Qilai Shen/Bloomberg)

China gears up for grimmer economic outlook

China is currently dealing with its worst Covid outbreak since the start of the pandemic in 2020. It is aso facing the "triple pressures" of shrinking demand, disrupted supply and weakening expectations. The central government has introduced new policies and measures such as tax cuts for businesses, the easing of property market restrictions, and providing support for local governments' infrastructure investment, but analysts are expecting a bumpy road ahead for China's economic growth.