Economy

Casino Lisboa in Macao is operated by SJM Holdings. First-quarter gaming revenue in the city got a boost from China's reopening, but uncertainties linger. 
Travel & Leisure

Macao casinos' reopening boost blunted by junket crackdown

Recovery in gaming pushes up revenue but high rollers stay away

22 May 2023
Advanced semiconductors are one area in which Japan, the U.S., Australia and India will discuss joint investment. (Photo by Tomoki Mera)
Supply Chain

Quad to discuss joint investments in chips, critical minerals

Leaders set to agree on creating public-private investor network during Japan talks

20 May 2023
China closed its doors to Australian timber imports in 2020 amid growing tensions over COVID-19.
Trade

China resumes imports of Australian timber in sign of thaw

Uncertainties remain over Beijing's restrictions on barley, wine and more

19 May 2023
A SAIC Motor plant in Nanjing, China. SAIC was China's second-leading exporter of new energy vehicles in the first quarter after Tesla. (Photo by Tomoko Wakasugi)
Automobiles

China surpasses Japan as world's top auto exporter

Tesla EVs and Russian deliveries drive industry into lead

19 May 2023
Copper futures fell to their lowest point in nearly six months Tuesday.
Commodities

Copper and zinc sink to fresh lows amid China economic uncertainty

Industry groups predict shortages, but disappointing economic data raises questions

18 May 2023
Some of the earliest mass COVID outbreaks took place on cruise ships, leading to an effective global suspension of the industry.
Caixin

Royal Caribbean to resume China cruises, marking end of COVID

Specially designed ship for 5,000 passengers to return to Shanghai in April 2024

17 May 2023
The U.S. could consider imposing tariffs on China to counter the latter's attempts at economic coercion, U.S. Sen. Todd Young said.
Interview

China not 'solely a military threat,' U.S. senator warns

Todd Young predicts G-7 leaders will unite to fight Beijing's economic coercion

17 May 2023
A growing proportion of shipments from China are destined for emerging markets such as countries in ASEAN, the Middle East and Latin America.
Caixin

Chinese exporters turn to emerging markets with intermediate goods

Shipments to ASEAN grew 24% in January-April, outpacing overall export growth

16 May 2023
U.S. prices of long-tailed macaques and other research monkeys are skyrocketing.
Pharmaceuticals

Lab monkey prices soar in U.S. after China cuts off exports

Hunt for new supplier continues as Beijing keeps research animals on short leash

16 May 2023
A launch ceremony for Swap Connect was held May 15 in Hong Kong. (Photo by Kensaku Ihara)
Finance

China debuts Swap Connect program for onshore bond hedging

Foreign access via Hong Kong aims to curb outflows and boost market liquidity

16 May 2023
Chinese migrant workers board a chartered bus on Jan. 29 in Guizhou province's Danzhai county. 
Caixin

China's migrant workers stay closer to home, causing labor crunch

More entering service sector; youths in particular prefer hometowns, gig work

15 May 2023
A hawker sells fruit in Guangzhou in 2020. While considered a key source of jobs, China's street stalls have also been seen as a nuisance by some. (Photo by Takashi Kawakami)
Economy

China aims to cook up job growth with return of street-stall economy

Shenzhen, Beijing and more reverse attitude on hawkers to spur recovery

14 May 2023
High prices for commodities like oil benefited state-owned producers while squeezing the private-sector companies that use them.
Economy

China's state firms pay more as public-private wage gap hits record 89%

Those in resources, infrastructure benefit more than factories from uneven recovery

11 May 2023
Chinese grid-connected installed solar power capacity jumped 155% year-on-year in the three months through March.
Caixin

China's newly installed solar capacity, module exports jump in Q1

Strong demand from Europe bolsters equipment sales

9 May 2023
Fragmentation in trade in services, capital flows and cross-border investment is worse than in goods trade, says Adam Posen, president of the Peterson Institute for International Economics.
Interview

Japan can be assertive with U.S. on free trade: think tank chief

Economic fragmentation will hurt innovation and growth, Adam Posen warns

9 May 2023
An employee seals a stack of yuan banknotes at a bank in Huaibei, Anhui province, China.
Caixin

China's local governments struggle with hidden debt

Beijing worried that large defaults could destabilize financial system

8 May 2023
Global business leaders and investors gathered at the annual Milken conference in Los Angeles from April 30 to May 3. 
Business trends

India, Indonesia CEOs woo global investors as 'China plus one' options

Emerging Asia's other big economies vie for attention at Milken Conference

5 May 2023
Copper is an essential material for electric cars and the infrastructure needed to power them.
Commodities

Copper loses shine for investors on China's mixed recovery

Fund outflows increase after an early bump from lifting of COVID restrictions

3 May 2023
HSBC Holdings, known for the two regal lion statues that sit outside its Asia head office in Hong Kong, will vote May 5 on a proposal to split its Asia operations from its London headquarters. 
The Big Story

HSBC battles shareholder revolt as breakup vote looms

Bank’s balancing act between U.K. and China appears increasingly untenable

3 May 2023
People walk at a shopping street in Beijing. China's economic growth is being driven by consumer spending, the International Monetary Fund reports.
Economy

China and India to drive half of 2023's global economic growth: IMF

End of zero-COVID seen supercharging Asia-Pacific region

3 May 2023
A container terminal in China. The U.S. and China account for more than 40% of the global economy. (cnsphoto via Reuters)
Interview

Asia stands to lose big from U.S.-China trade war: IMF Asia chief

Region's supply chain links leave it vulnerable to fragmentation, Krishna Srinivasan says

2 May 2023
Experts expect that Beijing will rely on income growth to boost consumption, as policymakers didn't mention any new fiscal stimulus measures at the April 28 Politburo meeting.
Caixin

China's Politburo says economic 'triple pressures' eased

Xi's top decision-making body targets boosting demand, but no sign of fiscal stimulus

1 May 2023
Employees work at  a SMC Corporation factory in Beijing. China's manufacturing activity unexpectedly shrank in April.
Economy

China manufacturing PMI unexpectedly cools in April

Index marks 49.2, the first contraction since December amid weak global demand

30 April 2023
Chinese Football Association President Chen Xuyuan, right, and Deputy Director of the General Administration of Sport of China Du Zhaocai, left, meet with FIFA President Gianni Infantino in Shanghai in 2019. China was to host the FIFA Club World Cup in 2021. (Imaginechina via AP Images)
Caixin

Scandal-ridden Chinese soccer gets in foul trouble again

Anti-corruption efforts again being felt throughout soccer ecosystem

29 April 2023
Travelers pack Shanghai's Hongqiao railway station on April 26 ahead of the May Day holiday break. (China Daily via Reuters)
Travel & Leisure

China's May Day travel on track to top pre-COVID levels

Domestic bookings and rail travel soar with service sector set to boom

28 April 2023