The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors. Enjoy!
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The Countdown Begins: TikTok Navigates Uncertain Future Amid U.S. Ban Bill
ByteDance maintains it won’t be pressured to sell platform used by 170 million Americans
TikTok’s High Stakes Battle Against U.S. Ban Threatens Worldwide Expansion
TikTok fears exclusion from Canada and U.K. markets if U.S. ban proceeds
Rivals Vie to Fill Market Void as U.S. Business Ban Looms Over TikTok
Many TikTok users and advertisers are already shifting attention to YouTube, Instagram, and other rivals
TikTok’s Fate Hangs in the Political Balance Ahead of U.S. Presidential Election
Uncertainty about the timing of Senate action on a bill that would ban TikTok in the U.S. adds to lack of visibility on the Chinese firm’s fate
In Depth: China IPO Slowdown Pits Startups Against Investors
As companies miss listing deadlines, they are increasingly becoming mired in disputes with their early-stage investors who want their money back
Exclusive: Citic Group’s Personnel Shuffle Extends to Venture With Prudential
Chang Ge, head of wealth management at Citic Financial, is set to become general manager of Citic-Prudential Life Insurance
Exclusive: China Merchants Bank Punishes Two Private Banking Executives, Sources Say
Wang Nan was expelled from the Communist Party and dismissed from his position while Wang Yanrong was moved to a backwater department
China Carbon Watch: Trading Plummets as Compliance Deadline Passes
A total of 5.4 million tons in allowances changed hands in the national carbon market in the January-February period, falling off after the second compliance cycle ended in December
To Fix Overcapacity, Let the Market Do Its Work
Upholding the market’s decisive role in resource allocation and enhancing government effectiveness hold promise for resolving the issue
China Needs to Implement Initiatives to Boost the Confidence of Foreign Investors
A level-playing field, easier access and greater openness will draw foreign investors and businesses back to China despite global uncertainties
Saudi Aramco Eyes Cooperation With China Beyond Just Oil
Chemicals, green materials, energy transition, and digital innovation are potential areas for future investment, said Amin Nasser, president and CEO of the Saudi oil giant
Foreign Firms Call for China to Implement New Plan to Boost FDI
The initiative addresses concerns such as cross-border data transfer, but the “true test lies in how and when” it is acted on, says an official at the German Chamber of Commerce in Shanghai
Micron Reaffirms China Expansion Plan as Government Welcomes Foreign Businesses
The U.S. chipmaker cannot grow its business in the country without local support, CEO Sanjay Mehrotra says
Premier Reiterates Commitment to Making China a Better Place to Do Business
Li Qiang says country has the will to foster a market-oriented, law-based and internationalized environment for companies
In Depth: How a Greying China Is Challenging the Health Care System
The country is racing to expand geriatrics care, but can’t keep up with a surging elderly population that would be the world’s fourth-largest nation
Former Deputy Chief of China Tobacco Regulator Pleads Guilty to Accepting Record in Bribes
He Zehua was accused of accepting more than $130 million in bribes while at the State Tobacco Monopoly Administration and its branches in Jiangsu and Anhui provinces
Beijing Pushes Pakistan to Hunt Down ‘Terrorists’ After Bombing Kills Five Chinese
Foreign ministry urges South Asian nation to thoroughly investigate the attack, which struck a bus carrying Chinese workers
Biden Opposition to Takeover of U.S. Steel Comes After Months of Lobbying
Cleveland-Cliffs and union campaigned against Nippon Steel’s bid, despite its benefits to Japan-U.S. alliance
How Putin Transformed Russia and the World
The Russian president’s ascent had raised hopes of reform, but under his decades-long rule, market competition has eroded and social spending has dwindled
Spicy Hotpot Fires Up the Crowds
