Caixin Media Company Ltd. (Chinese: 财新传媒) is a Beijing-based media group providing financial and business news and information through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin Media publishes four magazines, Century Weekly, China Reform, Comparative Studies and Caixin - China Economics & Finance.
The Editor-in-Chief is Hu Shuli, a former Knight Fellow in journalism at Stanford University. Previously, Hu founded Caijing magazine. Yang Daming acts as deputy chief editor, and Wang Shuo is managing editor. The business side is headed by Daphne Wu as executive president.
Caixin Media was established in January 2010, created subsequent to the departure of Hu Shuli and the majority of the editors and reporters at Caijing Magazine in November 2009. The original staff of Caixin Media is entirely employees that left Caijing.
Caixin’s flagship publication, Century Weekly, was first published under Caixin Media on 4 January 2010. Although said to have been created amidst rivalry with the magazine's former staff, it has been billed as the new benchmark for Chinese media.
China Purchasing Managers Index
"The Caixin PMI is a closely-watched gauge of nationwide manufacturing activity, which focuses on smaller and medium-sized companies, filling a niche that isn't covered by the official data."— CNBC January 3, 2016
In August 2015, Caixin Media Co Ltd announced that the China Purchasing Managers' Index (PMI) had declined to 51.5. This was the beginning of a decline that continued into December 2015. , PMIs are economic indicators derived from monthly surveys of companies is produced by the financial information firm, Markit Group, which compiles the survey and conducts PMIs for over 30 countries worldwide. From 2010 to 2015 HSBC had sponsored Markit's China PMI, but that relationship ended in June and Caixin stepped in.
When Caixin PMI came in weaker in late December 2015 fresh fears over China's economic growth were triggered and markets around the region responded. China's CMI had fallen to 48.2 from 48.6 in November, 48.3 in October, 50.5 in September and 51.5 in August.
On Friday, January 1, 2016 The Guardian reported that China's factory activity continued to decline, overseas demand for goods fell and export orders for Chinese manufacturers fell. Stock markets which had already responded by mid-December with "metals [experiencing] a broad-based drop on the weakness of manufacturing activity in China,.
Board of Trustees
To ensure independent journalism, Caixin has set up a Board of Trustees composed of respected intellectuals and academics that are independent of Caixin’s board of directors and management, and have the final say in setting editorial principles, as well as the appointment or dismissal of the editor-in-chief.
Chairman of Board of Trustees
Wu Jinglian: Research Fellow for the Development Research Center of the State Council
Xie Ping: Professor of the PBC School of Finance at Tsinghua University
Qian Yingyi: Dean of the School of Economics and Management at Tsinghua University
Xu Hong: Professor of the School of Journalism and Communication at Peking University
Xiao Meng: Executive Editor of Comparative Studies Magazine
Advisor of Board of Trustees
Lawrence H. Summers: Economist and former U.S. Treasury Secretary
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