David Kirton
Caixin Global
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Past articles by David:
China’s Reformed Aluminum Giant Rises on Back of Reinforced Profits
China’s Reformed Aluminum Giant Rises on Back of Reinforced Profits → Read More
Beijing Seeks Bang for Its Buck in Hydrogen Vehicle Drive
Beijing Seeks Bang for Its Buck in Hydrogen Vehicle Drive → Read More
Gansu Power Company Bites The Dust
A unit of one of China’s “big five” power producers has been ruled bankrupt after amassing major debts, with a missed 16.44 million yuan ($2.39 million) loan repayment proving the straw that broke the camel’s back. A local court in northern China’s Gansu province deemed Gansu Datang International Liancheng Power Generation Co. to be “seriously insolvent” after it failed to pay creditors,… → Read More
Alibaba Seeks $10 Billion Boost in Hong Kong Second Listing
Alibaba Seeks $10 Billion Boost in Hong Kong Second Listing → Read More
Honda Battles Great Wall Motors Over Copyright Case
Japanese carmaker Honda met with Great Wall Motors for another round of legal battling in a Beijing court this week as it seeks around 22.14 million yuan in ($3.2 million) in compensation from China’s top SUV seller for alleged patent infringement. Honda claims that Great Wall’s Haval H6 model uses its patented rear door design and structure, and asked the Beijing Intellectual Property Court to… → Read More
A Billion People Are Now Part of China’s Controversial Social Credit System
China’s all-seeing social credit system now has data on close to 1 billion citizens as well as 26 million businesses and entities, a representative of China’s central bank said today. Each day checks are run on around 5.5 million individuals and 300,000 corporations or business groups to get a better picture of their creditworthiness, Zhu Hexin, the deputy governor of the People’s Bank of China… → Read More
Shanghai Bets Big on Green Vehicle Future With ‘Hydrogen Energy Port’
Shanghai has put its foot to the pedal in the race to develop a large-scale hydrogen-powered vehicles industry, announcing plans to build a major “hydrogen energy port” capable of churning out 50 billion yuan-worth ($7.2 billion) of fuel cells and components by 2025. Hydrogen “is considered one of the world’s most promising clean energy sources,” and China “has made it clear it will develop… → Read More
Moutai Tightens Faucet on Corruption After Ex-Chairman Arrested
Chinese hard-liquor giant Kweichow Moutai has stepped up its monitoring of top executives after a former chairman was arrested for allegedly becoming drunk on power and taking bribes from government officials. The company’s leadership will now have to register all communications with public officials interested in becoming involved in Moutai’s lucrative retail business, according to a notice… → Read More
China’s Biggest Steel Producer Eats Smaller Rival in Consolidation Drive
China’s biggest steel producer is set to gobble up a smaller rival in the latest move to consolidate the bloated industry. State-owned China Baowu Iron and Steel Group will take a 51% stake in Magang (Group) Holding Co. Ltd., according to an announcement from Magang’s listed unit on the Shanghai Stock Exchange yesterday. The move will bump up Baowu’s total production capacity from 70 million… → Read More
Subsidies Slashed for New Wind Power Projects
A wind farm in East China’s Jiangxi province on May 4. Photo: VCG → Read More
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects → Read More
China Prepares Safeguards Against Wasting Renewable Energy
Beijing is drawing up plans for a new "safeguard mechanism" to guarantee minimum levels of regional renewable energy consumption, in a bid to stop so much of the country’s solar, wind and hydropower from going to waste. China leads the world in solar and wind capacity, but much of the power generated never gets used due to a lack of coordinated planning with the power grid and provincial-level… → Read More
Steel Sector at Risk of Backsliding in War on Excess Capacity, Industry Bodies Say
Steel Sector at Risk of Backsliding in War on Excess Capacity, Industry Bodies Say → Read More
Chinese Steel Could Flood Market This Year, Denting Profits
Chinese Steel Could Flood Market This Year, Denting Profits - Production risks outpacing demand despite nation’s attempts to cut excess capacity, while lower-cost Southeast Asia poses a new challenge → Read More
Jaguar Land Rover Pounces and Gets Rare Win in China Copycat Case
Jaguar Land Rover Pounces and Gets Rare Win in China Copycat Case → Read More
32 Wind Power Projects Cut in Southern China
32 Wind Power Projects Cut in Southern China - Announcement from province’s energy bureau comes amid central government push toward renewables plants that can compete without state support → Read More
Lithium Mine Giant Tianqi Extends Reach Into Downstream Battery Production
Tianqi Lithium Corp.’s global mine buying-binge has helped the company rapidly gain control of half the world’s supply of lithium, a key component of electric vehicle batteries. Yet it is not content just being king of the upstream battery production cycle. This week the company announced it intends to purchase a 49.9 million yuan ($7.44 million) stake in Xiamen Tungsten New Energy Materials Co.… → Read More
Plummeting Agency Profits Signal End of China’s Housing Boom
More signs are emerging that the party might be over for China’s property market, with one of the country’s two major housing agencies reporting a sharp drop in its profits last year. While Shenzhen Worldunion Properties Consultancy Inc. saw revenues of 7.55 billion yuan ($1.12 billion) in 2018, the actual profit attributable to shareholders was a relatively measly 447 million yuan, down 55.45%… → Read More
Electric Vehicle Makers Choke on Overpriced Purchases
Electric Vehicle Makers Choke on Overpriced Purchases → Read More
Mobile Operators Make Plans for a 5G World Without Huawei
China Mobile Operators Make Plans for a 5G World Without Huawei → Read More