Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Caixin Global
Caixin Global
National

Weekly Must-Read: China Joins Effort to Avert Sovereign Debt Crisis

Subscribe today and get unparalleled coverage from both Caixin Global and The Wall Street Journal, for only $249.99 (60% off). Don't miss out on this exclusive offer. Subscribe now.

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Cover Story #

China Joins Effort to Avert Sovereign Debt Crisis

Nation fills new role as top creditor to poor countries rattled by the worst debt crisis since the 1980s

# Finance #

Ex-PBOC Governor Rebuts Criticism of Belt and Road Financing as ‘Debt-Trap’

Accusations stem from ‘political tendency to smear China,’ Zhou said

Local Chinese Governments Add Billions to Multitrillion-Dollar Hidden-Debt Problem

National Audit Office review of 2022 financials finds inflated revenue, illegal collections, new hidden debts and use of borrowings for prohibited projects

# Economy #

Five Things to Know About China’s Lackluster Credit Demand

Bank lending to private companies and individuals has been sluggish, denting policymakers’ hopes for a boost to the economic recovery

# Business #

In Depth: As Chinese Developers Inch Toward Offshore Debt Deals, Long-Term Headwinds Persist

The housing market won’t return to its glory days and companies may not be able to raise enough money to pay back all their borrowings, analysts say

Alibaba Boss Daniel Zhang to Step Down With Co-Founders to Take the Reins

Joseph Tsai will succeed Zhang as chairman in September, and Eddie Wu will take over as CEO

In Depth: Alibaba Has Hurdles to Overcome Before Its Drastic Restructuring Pays Off

The tech giant’s split into six units is a chance for the group to unlock growth potential, but each business has outstanding issues, from slumping revenue to shrinking market share

# Tech #

Micron to Expand China Factory Despite Chip Ban

American memory chipmaker plans additional $602 million investment in Xi’an operation, expanding China workforce to 4,500

# China #

Most Victims of Underage Sexual Assault in China Are Young Children, Report Shows

The data, published by Chinese charity Girls Protection, show more than half of the cases in 2020 involved victims under 12

# World #

China Premier Calls for Strong Cooperation on Tech Innovation With France

Li Qiang says there is great potential for Sino-French cooperation in high-end manufacturing, modern services, green transformation and the digital economy

# Opinion #

Heading Toward the CPTPP: A Round of Self-Initiated Opening-Up

The government has evaluated over 2,300 clauses of the agreement, delineating the necessary reform measures and legal adjustments required for membership

China’s Persistent Low Inflation Could Profoundly Impact Economic Policymaking

If the economy fails to generate strong new demand, the country may find itself teetering on the edge of deflation and suffering high unemployment

# Weekend Long Read #

What’s Left in China’s Economic Policy Tool Kit?

Policymakers have six major tools at their disposal to help shore up faltering growth, but only some are likely to be used

# Gallery #

Gallery: Global Leaders Gather at Summer Davos

Caixin Global’s Top Stories of the Month newsletter brings you the most popular news coverage over the past month. You may opt in now and get handpicked news coverage delivered to your inbox each month for free.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.