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Caixin Global
National

Weekly Must-Read: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

Workers install a natural gas pipeline in Northwest China’s Gansu province in February. Photo: VCG 

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

# Business #

In Depth: China Mulls Scrapping Fixed Household Gas Rates as Winter Shortages Loom

Prices set by the market could reduce distortions caused by upstream price spikes, but the change will have other costs

# Cover Story #

Metal Magnate’s Fall From China’s Rich List to Bankruptcy

How Zhongwang Group’s Liu made and lost billions in aluminum

# Finance #

Exclusive: Chinese Insurance Giant PICC to Get New President, Sources say

The state-owned company is said to tap finance veteran Zhao Peng for the position

Exclusive: CDB Seeks to Offload Financial Leasing Unit

China Development Bank has been trying to sell CDB Leasing for years to refocus on core mission of infrastructure and key industry development

# Economy #

China’s Factory Activity Expansion Loses Momentum, Caixin PMI Shows

Manufacturing PMI slipped to 50.5 in June from 50.9 the previous month amid a weakening job market, rising deflationary pressure and waning optimism

China’s Services Sector Recovery Downshifts, Caixin PMI Shows

The gauge for industries such as retail and travel slipped to 53.9 in June due to slowing growth in business activity and new orders

# China #

In Depth: How China Is Sharpening Ethics Rules for Scientific Research

Experts cautioned that more clarity is needed for biotech and AI experiments, in areas such as defining ethical risk levels, holding companies accountable, and guaranteeing the independence of reviews

# World #

Analysis: What Does the Market Expect From Yellen’s China Visit?

News of American Treasury secretary’s Beijing trip this week amid signs of thawing relationship sends stocks and yuan higher

# Opinion #

How to Lessen the Impact of Systemic Uncertainty on Entrepreneurs

Addressing the concerns of businesspeople would help inject more certainty into an environment in need of the innovation and risk-taking they provide

# Weekend Long Read #

Why China’s Property Tax Is Still a Long Way Off

The levy would make local government budgets less dependent on land sales revenue, but doubts remain about whether homeowners would be willing or able to pay

# Gallery #

Gallery: Fatal Flooding in Southwest China

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.

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