Caixin Media

Warning of local governments’ high exposure to bad debts, the credit agency Fitch recently downgraded China’s long-term local-currency rating from AA– to A+. Officials should take note: the downgrade underlines how closely international markets are...

Internet cafés covered by the city of Wuhan’s Internet Café Association agreed to set minimum prices for online access nearly a decade ago. And more than one hundred coking coal company-members of the Coke Association of Shanxi Province each agreed...

Tencent Holdings Ltd.’s free messaging service, WeChat, has seen its popularity grow among both individual users and businesses, even amid a dispute with the Big Three telecom operators [China Mobile, China Telecom, and China Unicom].Since launching...

After receiving his delayed wages, thirty-year-old Wang Jie decided to change professions.On March 7, he pressed a fingerprint onto a receipt that read: “Today I have received settlement of the 12,000 yuan in wages owed to me by Mr. Shao.”“Actually...

When three household brand names in China announced they would cooperate to form a company offering insurance services on the Internet, excitement naturally was the order of the day.Last year, Alibaba Group, Tencent Holdings, and Ping An Insurance...

Written into the script for China’s once-in-a-decade leadership shuffle, confirmed at the recently concluded National People’s Congress, are macroeconomic policies for the new government that plot a course for future growth.The policy book has...

A skin cream customer pays an extra fee and, voilà, instantly becomes a company representative with the right to sell cream and other products, as well as recruit more dealers.Eventually, she persuades other women to buy the cream and join the...

Hundreds of villagers in Hebei province discovered they were victims of identity theft—and in demanding officials find the culprit, they became the recipients of harassment and legal bills. Instead of seeing a shakeout, the villagers watched...

China’s IPO action has been locked in ice since October by China Securities Regulatory Commission (CSRC) officials intent on boosting investor confidence and improving scrutiny of stock market hopefuls.Yet the heat is on for aspiring executives at...

Imagine a luxury goods shopper so confident and flush with cash that one day he walks into a Shanghai handbag shop, flashes 300,000 yuan, and waltzes out with almost every bag in stock.That’s what happened last year at a Prada store where Benny Lu...

Barely any rainfall on a bone-dry landscape has always made crop farming in the province of Gansu a rough gamble between the sky and local irrigation policies. But now, farmers reap only sorrow from fields that experts say are severely contaminated...

Wiretapping, email hacking, cell phone tracking, and secret videotaping are just a few of the cloak-and-dagger techniques long employed by police in the course of criminal investigations in China.But now, for the first time, new rules say that...

Now is the right time for China to implement its global outreach strategy.While seizing this opportunity, we should also guard against risk first, with a sense of calmness. This means adhering to business decisions and sound operations, considering...

The Hong Kong branch of China Development Bank (CDB) has been ordered by its Beijing headquarters to cancel loans that would have been used to finance an acquisition involving the nation’s second-largest insurer, a bank source said.The source said...

Legal experts have called on the government to follow through with hints at abolishing the country’s notorious system of labor camps.On January 7, Politburo member Meng Jianzhu said at a top conference that the system would “cease to be used.” His...

China’s cultural progress in the year 2012 can be summed up with eight words: weibo (microblog), diaosi (commoners), yuanfangti (a Yuanfang-like inquiry), shejian (tip of the tongue), yangsheng (keeping fit), shisanchai (thirteen hairpins, from a...

I’m often asked whether it’s more difficult for a Chinese company to survive now than it was in the 1980s, when I started my business. The two eras are indeed different. Many entrepreneurs with whom I shared the stage at awards ceremonies have since...

The tumor was growing, and the family of cancer patient Xia Jianqing was growing desperate.Doctors at a military hospital in Beijing had warned Xia’s family that he would die without the blood needed for a lifesaving operation. But the hospital had...

The latest twist in a long-running dispute between Beijing and Washington securities regulators over Chinese audits is threatening to boot Chinese companies from America stock exchanges.The plot thickened on December 3, when the U.S. Securities and...

Every day, about a dozen mobile phone wholesalers field orders and manufacturer offers from offices inside a nondescript, five-story building on Luthuli Avenue in downtown Nairobi.The building doesn’t look like a hub for global commerce, nor does it...

A crowd of angry investors packed a Shanghai branch of Huaxia Bank on December 3 after they heard that the money wasn’t there for the first of four repayments for a 119 million-yuan wealth management plan. They demanded their money back from Huaxia...

A nationwide uproar paralleled the investigation that led to the identification of five street children who suffocated in a large rubbish bin in the city of Bijie, Guizhou province.Officials learned the victims were the sons of three brothers. The...

Investing like an angel now costs no more than an average duck dinner in Beijing.The force driving China’s growing ranks of small-scale angel investors are crowdfunding websites, which offer individuals access to business financing pools for as...

No matter how you look at it, the disciplinary process surrounding the case of Bo Xilai will have historic implications.Details of the crimes committed by Bo, his wife, Bogu Kailai, and his former right-hand man, Wang Lijun, reflect a level of...

There is growing public skepticism about the veracity of a government report detailing a demolition-related incident in Panjin, Liaoning province, during which a police officer killed a villager for allegedly threatening his life.Questions revolve...

Putting the right spin on one’s words is a science, and civil servants with fiduciary responsibility have to master this subject. It helps to shift blame to someone else; a child, a spouse, or a convenient foreigner will do.Several weeks ago Yang...

They’re still hung over from a 4 trillion yuan spending spree initiated by the central government nearly four years ago, but local governments across China are pressing ahead anyway with huge new investment plans.In late August, for example, the...