Caixin Media

In the future, China must do more than simply open up the manufacturing sector and lift restrictions on foreign shareholders and the scope of business foreigners can conduct. China will also need to accelerate the opening-up of the service...

A gay man in Henan province has been awarded 5,000 yuan (U.S.$735) in compensation from a local psychiatric hospital where he was locked up for 19 days and forced to take pills and injections as therapy for his homosexuality. In its decision on June...

Over the next three years, local authorities in China are planning to build more than 900 airports for general aviation—the segment of the industry that includes crop dusting and tourism. The figure is nearly double the central government’s goal of...

China is stepping up supervision of the use of bank cards overseas, a move the foreign-exchange regulator says is needed to fight money laundering, terrorist financing, and tax evasion.Starting September 1, banks will be required to report on a...

In just a few weeks, the Chinese president will host the Belt and Road summit—Xi Jinping’s landmark program to invest billions of dollars in infrastructure projects across Asia, Africa, and Europe. Reactions to the project have been, understandably...

Proposed incentives for couples to have a second baby—including tax breaks and extra maternity leave—won’t lead to a significant spike in China’s birth rate, a renowned demographer said.Liang Zhongtang’s comments come amid growing concerns about the...

Curbing wasteful socialist-era business practices and taming unruly real estate and lending sectors will take center stage at the annual meeting of China’s legislature, which starts next week, with some also looking for signs of a pickup in economic...

Li Yi, a young computer engineer working in Beijing, said authorities forced him out of his apartment in a village in Haidian district in November, days after his power supply was cut off even though he had paid the bills.Li (not his real name) is...

The number of children born in China this year is set to rise by 5.7 percent from 2015 as a result of the introduction of the country’s new two-child policy, according to the National Health and Family Planning Commission (NHFPC) Deputy Director...

The 2016 U.S. presidential election ended with the surprise victory of property mogul Donald J. Trump. An outsider without a political track record, Trump defied predictions by most polls, pundits, and political observers when he defeated Hillary...

Education authorities in Shanghai have sought to reaffirm a government rule that bans international schools attended by Chinese students from using imported curricula in their entirety. The action comes amid official concerns over the erosion of...

The official acceptance of the yuan (or renminbi) into the International Monetary Fund’s elite currency club on October 1 marked a milestone in the Chinese government’s campaign to boost the yuan’s international appeal.Inclusion of the yuan in the...

Chinese cities have rolled out new measures over the past week to cool a home-buying frenzy that has seen prices skyrocket, marking a new round of tightening since policies were eased two years ago. More than a dozen of China's largest cities,...

Trade does result in very real and serious job losses, while its benefits are spread more broadly over the entire U.S. economy. Yet many job losses are not a result of trade; they are actually driven by productivity gains related to rapid...

New regulations and a blockbuster merger between the industry’s largest players are reshaping the business landscape for China’s car-hailing app companies.And the landscape is widening as car-hailing companies, including Didi Chuxing Technology Co...

As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions...

Bridging the “regional divide” that separates affluent and less affluent areas is a main goal as the central government revives a stalled effort to form a nationwide pension system.The State Council, China’s cabinet, laid the groundwork for a...

An intense battle for control of China’s largest, publicly traded developer China Vanke Co. has exposed flaws in the nation’s financial supervision system that demand urgent attention.Vanke management and Baoneng Group, a property and insurance...

Amid rising public concerns about side-effects of traditional Chinese medicines, or TCM, following the death of a young woman who died of liver failure last year, a government-backed medical association has started compiling a database of substances...

Not a single, modern-day entrepreneur or investor in China has had to experience a substantial and painful economic slowdown, let alone a recession. The reason is simple: Since the nation’s reform and opening campaign began in 1978, China has never...

Chinese companies are buying soccer teams across Europe, echoing the Beijing government’s ambitious plan to turn the nation into a soccer powerhouse.The powerhouse plan, which has backing from President Xi Jinping, has led to nine deals inked by...

The 231-clause, 13,000-Chinese character action plan for Soil Pollution Prevention and Control was released May 31 by the State Council, China’s cabinet, after undergoing some 50 draft revisions over the previous three years.The final version was...

More than two decades after a young man in the northern province of Hebei was executed for the alleged rape and murder of a woman, his mother is anxiously awaiting a retrial to clear his name.Zhang Huanzhi’s only son, Nie Shubin, was executed in...

A decade earlier, less than 4 percent of graduates from a popular high school in Beijing, known for high quality teachers who groomed students for elite universities, left to study abroad each year.The majority chose to pursue their higher studies...

It’s been 15 years since China joined the World Trade Organization, and yet China is still waiting for the WTO to grant it market economy status. During this period, some Chinese businesses have expanded overseas while others have been accused of...

In 1993, Fritz Hoffmann was a young American photojournalist ready for a new adventure. He had honed his picture-making skills while hitchhiking across the Pacific Northwest, harvesting crabs in Alaska, and working at newspapers in West Virginia and...

Internet giant Baidu said May 23, it would gradually take down discussion forums on literature from its popular online bulletin board service to remove content suspected of infringing upon intellectual property rights.China’s biggest search engine...

China’s latest round of healthcare market controls could be a bitter pill for multinational pharmaceutical companies that now, after years of what some call easy profits, are adapting to a tougher business climate.The National Health and Family...

Retired basketball superstar and Shanghai Sharks team owner Yao Ming is finding efforts to reform China’s professional sports environment a lot tougher than a slam dunk.The former Houston Rockets center, who hung up his high tops in 2011, is trying...

China’s largest electric vehicle manufacturer, BYD Auto Co., is under intense scrutiny following the death of a Nanjing auto dealer who accused the company of bilking a government subsidy program and a Caixin probe suggesting the charge may have...

Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the housing market has been...

Like many other teenagers in his village in the mountains of the northwestern province of Shaanxi, Chen Youliang decided to quit school early so he could follow in the footsteps of his migrant worker parents and find a job in a big city.Chen, who...

A U.S.$5.4 billion deal for General Electric’s home appliance division is about to propel China’s largest appliance maker, Haier Group, into the long-dreamed-for high-end market in America.The sale, announced in mid-January but now awaiting...

A former deputy director of National Energy Administration (NEA) on trial for taking bribes has pleaded not guilty because he says the charges are based on a false confession that was extracted via torture and intimidation, according to a person who...

Financial market supervisors admit that gaping holes pockmark the regulatory fences they’ve built in recent years to control the wealth management industry and protect its investors.By occasionally introducing new rules and regulations, supervisors...

Recently Zhou Xiaochuan, Governor of the People’s Bank of China (PBOC), China’s central bank, had an interview with Caixin and talked about the yuan exchange rate regime reform, macro-prudential policy framework, digital currency, and other topics...

Beijing has has done a good job in terms of industrializing the country but will face unprecedented challenges when dealing with a service-driven economy.

The 45-year-old caregiver was calm on the witness stand, but her words were jarring. He Tiandai admitted during her murder trial that she killed a 70-year-old woman she cared for by poisoning her soup with sleeping pills and pesticide, injecting her...

Disputes between the two agencies running the trains in China over how to classify and publish details on fatal railroad incidents has kept reports on some fatal accidents last year from surfacing, people close to the matter say. Several employees...

After rising from beat cop to Beijing traffic manager, Song Jianguo used his position to trade favors for nearly 24 million yuan in cash and gold

Regional family-planning officials say the lack of clarity on when the new two-child rule will come into effect has put them in legal limbo, unable to issue birth permits to couples who conceive a second child before the new policy kicks in, leading...

Two environmental groups have become the first non-governmental organizations (NGOs) in China to win a lawsuit that champions nationwide battles against polluters on behalf of the public. A court in Nanping, a city in the southeastern province of...

Next year marks the 50th anniversary of the start of the Cultural Revolution (1966-1976). The desire not to dwell on that tumultuous decade, after half a century has passed, is understandable, but the failure to reflect on its impact, offer a full...

Strengthening the People’s Bank of China’s regulatory clout is high on a list of suggestions for improving financial market oversight following last summer’s stock market crash.As supporters of the plan see it, no government institution is in a...

Drivers roll up car windows as an autumn wind chills a traffic-clogged overpass in western Beijing’s Liuliqiao area. And under the concrete overpass, homeless people are gathering for a chilly night’s rest after wandering city streets.Among the...

Yang Kaihui—who was killed 85 years ago this month—was the first of Mao Zedong’s three freely chosen wives. (Mao was forced by his parents to wed an older neighbor when he was just 14 but did not consider this a true marriage.) Yang’s dramatic, and...

After Chen Bokui, the deputy head of a government advisory body in the central province of Hubei, was convicted of taking 2.8 million yuan in bribes by a court in the eastern province of Fujian in April, he received a somewhat stiff sentence—17...

One noonday in 2002, a friendly acquaintance of mine—I’ll call him Q—left his office in a Beijing concert hall to go to lunch and never returned. After a series of inquiries, his wife and colleagues learned that he had been arrested. Various charges...

Nearly 2 million Beijing residents will be moved to the city’s outlying districts from the center by 2020 as part of a massive urban revamp designed to better control people, traffic, and smog.The movers include up to 1 million government workers...

A series of investigations into apparent market violations emerged after the recent stock market turmoil, bringing down Zhang Yujun, an assistant chairman at the China Securities Regulatory Commission (CSRC); Cheng Boming, general manager of CITIC...

A Communist Party group led by General Secretary Xi Jinping that was established to spearhead reform efforts finished a document on September 15 addressing the plight of lawyers. A day later, top judicial authorities, including the Supreme People...

President Xi Jinping has begun his first state visit to the United States to meet U.S. President Barack Obama in what state councilor and former foreign minister Yang Jiechi has called “a pivotal meeting at a critical time.”Xi arrived in the United...

A giant luxury resort planned on a beach outside the Bahamas’ capital, Nassau, that is supposed to be a showpiece to help China’s largest construction company tap the U.S. market has become a headache for both its builder and a lender.The resort was...

It would be a sad end to an amazing story. An economic miracle—one that lifted 300 million people from poverty and shifted the world's economic center of gravity—collapsing under the weight of risky investments and a financial crisis.This seems...

A recent amnesty declaration affecting convicted criminals deemed no threat to society was a poignant reminder of China’s tradition of prudent punishment, support for human rights, and progress toward of rule of law.The recent decision by the...

Building a quantum computer that processes data at speeds trillions of times faster than the world’s fastest computer, China’s supercomputer Tianhe-2, is the goal of a potentially game-changing venture launched by Alibaba Group Holding Ltd. and the...

Boosting exports, controlling outbound capital flow and supporting the Chinese currency’s bid for Special Drawing Rights (SDR) status are just some of the reasons cited by analysts for the yuan's unexpected devaluation in mid-August.The yuan...

While victims of the Tianjin explosions are still waiting to be told why their loved ones died or, how safe it is to go outside, officials remained evasive in the sixth press conference regarding the disaster.In response to a question from a Caixin...