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Caixin Global
Caixin Global
National

Caixin Top Stories of the Month: China’s Mammoth Effort to Help Foreigners Spend, Spend, Spend

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# Macro #

How Do the West’s Concerns About China’s Overcapacity Stack Up?

Visits this month by top U.S. and EU policymakers illustrate the conundrum they face as they seek support from Beijing on issues like market access and climate change, while scolding it on others like subsidies

Analysis: A Deep Dive Into China’s Expectations-Beating GDP Growth

The headline number of 5.3% is a sign the economic recovery is accelerating, but persistent low prices ought to be addressed

Commentary: We Need to Restart the Economic Growth Engine — but This Time, It Must Work for All

New ways of measuring growth, reviving global north-south collaboration and investing in the foundations of future prosperity are key to reducing inequality

In Depth: Frugality Bites for China’s Cash-Strapped Local Governments

With growth in fiscal revenue set to remain sluggish this year, officials are cutting back on general spending and scrapping some investments

# Industry #

In Depth: China’s Mammoth Effort to Help Foreigners Spend, Spend, Spend

While scanning QR codes is the ubiquitous payment method in China, it’s not available to most foreign visitors, making it a major hassle to even buy a coffee

China On Track to Become World’s Largest Luxury Market

Sales of personal luxury goods rebounded to $69 billion last year and may double by 2030 to account for 25% of the global market

# Company #

Cover Story: How Billions in Bitcoin Laundered From China Ended Up in British Hands

U.K. authorities have seized $4.3 billion of the cryptocurrency linked to a Chinese company that illegally raised 43.5 billion yuan

TikTok Shop Faces Regulatory Hurdles in Bid to Become No. 1 in Vietnam, Expert Says

Following official criticism, ByteDance’s short-video juggernaut has slowed the pace of its expansion in the country

Cover Story: Alibaba Renews Strategy Reset to Revive Growth Momentum

Jack Ma tells employees ‘we must reform for the future’

Exclusive: CATL Founder Upbeat About Ford Battery Plant Tie-Up, EVs Future in China

However, the battery giant faces problems, including EU regulatory issues and the difficulty of commercializing solid-state batteries, Zeng Yuqun tells Caixin

In Depth: Geely Auto Comeback Gets Into Gear as EV Sales Soar

After two years chasing EV-maker BYD, the legacy car manufacturer took the lead in January, selling more than 210,000 vehicles including around 65,000 electric cars

BYD-Backed Horizon Robotics Unveils Next Generation Auto Chips

The Journey 6 series processors will go into mass production later this year, and carmakers including BYD, VW and Li Auto have signed up to use them, the company said

In Depth: Huawei’s HarmonyOS Next Is Set to Rival iOS and Android

Home-grown operating system picks up momentum in creating an app ecosystem that could create 3 million jobs in China

In Depth: Luckin Challenger Pushes China’s Coffee Price War Toward Boiling Point

Upstart Cotti is trying to beat the Chinese leader at its own game by adopting a low-price, subsidy-driven strategy to conquer the affordable segment of the market

Country Garden Bondholders Agree to Extensions After Missed $22 Million Payment

A continued slump in sales leaves bondholders doubtful they'll get further payments despite the extension

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