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. 

 

People watch a lights performance at TelcoDR Cloud City during the Mobile World Congress (MWC) in Barcelona, Spain, 29 June 2021. (Albert Gea/Reuters)

China’s cloud war: Huawei leading the three-cornered fight? [Part 1]

In recent years and since the pandemic led to the surge in live streaming, e-learning and other online activities, the demand for cloud computing and related services has increased significantly. Chinese companies led by frontrunners Huawei, Tencent and Alibaba are launching into all-out competition in the cloud services sector. In particular, Huawei Cloud experienced a surge in year-on-year earnings of 168%, despite US sanctions. Huawei Cloud is also aiming to clinch the top spot in the sector, erstwhile occupied by Alibaba Cloud. Caixin journalist Zhang Erchi takes a deep dive into the issue to get a sense of who's really leading the fight. In part one of the story, he focuses on Huawei.
A woman wearing a protective face mask walks by a mural in Manhattan's Chinatown district of New York City, US, 2 June 2021. (Shannon Stapleton/Reuters)

Chinese economics professor: The New York I saw was not the New York I read about in books

Chinese economics professor Li Jingkui is pensive as he visits New York City for the first time. Rather than the romanticised versions of the city he had read about, the New York he encounters in Flushing, Queens is gritty and a whole other reality. But he reflects that as societies and cultures continue to evolve, fighting for dominance in a state of chaos, the side they show to the world will sometimes be different but always real.
Pedestrians walk past a tram featuring an advertisement celebrating the centenary of the Chinese Community Party and the anniversary of Hong Kong's return to Chinese rule in Hong Kong, China on 1 July 2021. (Chan Long Hei/Bloomberg)

What’s stopping Hong Kong from fixing its housing crisis?

Home to 7.5 million people, Hong Kong has the world's least affordable housing market. While the Hong Kong government has put many housing policies in place, and see the importance of solving the housing issue, why is it so hard for Hong Kong to make progress in this area? Caixin journalists Zhou Wenmin and Wang Duan report.
This handout photo taken on 20 June 2021 and released on 24 June by Yunnan Provincial Command of the Safety Precautions of the Migrating Asian Elephants shows elephants, part of a herd which had wandered 500 kilometres north from their natural habitat, walking near Yuxi city, Yunnan province, China. (Handout/Yunnan Provincial Command of the Safety Precautions of the Migrating Asian Elephants/AFP)

Death follows as people push into elephant enclave

Caixin journalists Kang Jia and Han Wei note that balancing modern human activities with protection of wildlife is becoming increasingly challenging, especially in Xishuangbanna, which is known as a safe haven for wild Asian elephants. What are the authorities doing to improve the situation?
Workers pull a rope as a cargo ship carrying containers docks at the Lianyungang Port Container Terminal in Lianyungang, Jiangsu province, China on 24 March 2021. (Hector Retamal/AFP)

Demand swells for Chinese shipping crews amid global shortage

Amid worsening Covid-19 outbreaks in India and many Southeast Asia countries, ship operators are turning to China's massive workforce of 1.65 million crew members to fill the global shortage of crew members. Why are Chinese crew members in such high demand? Caixin journalists Jia Tianqiong and Yang Ge find out.
A man stands next to Houhai Lake during the sunset in Beijing, China on 16 May 2021. (Jade Gao/AFP)

Chinese economics professor: How I fell for a scam

After a good laugh over falling for a phone app scam, Chinese economics professor Li Jingkui says seriously that the scammers’ tactics involved simple economics and he should have caught on to it sooner. But perhaps he was just being human and some knowledge of psychology would have been more helpful in this case?
In this picture taken on 11 January 2021, young gymnasts train at the Li Xiaoshuang Gymnastics School in Xiantao, Hubei province, China. (Nicolas Asfouri/AFP)

A Chinese education: Why are Chinese parents and kids going to extremes?

As children cram for their studies, their parents are cramming along with them, believing that they should be good role models. Is all this hyper-learning normal or good? Chinese economics professor Li Jingkui will let others be the judge, but he says that economically speaking, this is a sign that social mobility is shrinking; everyone feels compelled to grasp the last inch of rope that will airlift them to a better life.
People walk near the Bund, in front of Lujiazui financial district in Pudong, Shanghai, China, 10 May 2021. (Aly Song/Reuters)

China's top infectious diseases expert Zhang Wenhong: Division stands in the way of defeating the pandemic

Zhang Wenhong, director of the infectious diseases department at Huashan Hospital in Shanghai, delivered a commencement speech in English at New York University Shanghai on 26 May. He observed that in China's fight against Covid-19, a consideration for others in the community helped people follow mask-wearing and social distancing protocol in the early stages. Writ large, a globalised problem can only be solved through human solidarity. The world, especially the young of the future, need to a find a way to work together.
Why must gifts be reciprocated? (iStock)

Chinese economics professor: Why we exchange gifts, from ancient China to the present

Have you ever received a gift that you did not like? Economics professor Li Jingkui notes that when there is a mismatch between the gift and its recipient, the giver and receiver suffer a "deadweight loss". But still, many of us continue to exchange gifts. After much thought and research, Li found the answer for such persistent human behaviour in a Maori myth — you give a part of yourself along with your gift, which is something more valuable than the gift itself.