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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China’s Challenge to Fill the Multibillion-Dollar Insurance Blackhole
The insurance industry is sliding deeper into trouble, with slow sales, weak investment returns and low interest rates weighing on profits, fueling concerns that some may not be able to pay out maturing policies
Hong Kong’s Strategic Enterprise Attraction Plan Secures 19 Additional High-Tech Companies
Some 49 technology sector companies are opening offices in Hong Kong bringing an expected $5 billion in investment and 13,000 jobs, Chief Executive says
Ant Makes International Business Independent in Major Revamp
Chairman says reshuffle aims to promote Ant’s major strategies to advance in artificial intelligence, payment business and international expansion
China’s New Loans to Nonbanking Institutions Hit Nine-Year High
Credit jumped by more than 23 times year-on-year in February, with analysts speculating the money could have been used by state-backed investors to prop up the stock market
Exclusive: ByteDance Revives Gaming Ambitions Amid Fears of U.S. TikTok Ban
Personnel shake up at Nuverse as ByteDance decides to re-enter video gaming business
Tesla Increases Price of Model Y in China in Sign That Price War Is Easing
Tesla is raising the price of its Model Y is China by nearly $700 while cutting back on extras offered to Chinese customers
Xiaomi Builds In-House Sales Network for First Electric Car
In addition to dealerships, the SU7 will be sold in company-run delivery centers incorporating showrooms and retail stores repurposed to display the cars alongside other products
In Depth: China Targets Payments Problem to Win Over Foreigners
Beijing has also added over a dozen more countries to its visa-free list recently, as it tries to clear the hurdles preventing a revival of inbound tourism
Curbing Cyber Violence: Enhancing the Online Business Environment
Online violence severely undermines the rights and interests of citizens and companies, and must be resolutely governed in accordance with the law
Two Ways to Lift China Real Estate Out of Its Slump
Government purchasing of unfinished homes and an insurance program on pre-sale properties could help stop the flagging sector from further dragging on the economy
In Depth: Local Governments Struggle to Tackle Mountain of Hidden Debt
Progress has been slow as many authorities experience difficulties in refinancing the borrowings of their financing vehicles and banks worry about potential bad debts
Over 800 Chinese Involved in Cross-Border Cybercrime Repatriated From Myanmar
Joint operation gets carried out by China, Thailand and Myanmar as authorities vow to continue crackdown on telecom fraud and online gambling
How TikTok Was Blindsided by U.S. Bill That Could Ban It
Executives of the app thought they had fended off attacks. Behind the scenes, lawmakers and Biden officials were working to force its ban or sale
What Does the Data Tell Us About China’s Future Economy?
A close examination of a government report on the country’s social and economic development in 2023 offers a glimpse of what problems will need to be solved going forward
Forest Fire Rages in Southwest China
Caixin Biz Roundup: China Adds More Countries to Visa-Free List to Boost Inbound Tourism
Embattled developer Vanke cut to junk rating by Moody’s, EV-maker BYD scouts potential site for Mexico plant
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