Caixin Media

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.

"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."

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.

Since China is the world's largest metal consumer and producer, and " the world’s second largest economy", the China PMI is closely watched.

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.

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