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Caixin Global
Caixin Global
National

Weekly Must-Read: China’s Local Governments Paid Record $174 Billion in Bond Interest Last Year

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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# News Graphics #

China’s Local Governments Paid Record $174 Billion in Bond Interest Last Year

Total is up nearly 10% from 2022, with outstanding debt climbing by 16% last year

# Cover Story #

China’s Three-Year Stock Slump Resists Policy Prescriptions for Rebound

IPO limits and relaxed real estate policies prove no cure for world’s worst performing stock market

# Finance #

Country Garden Offloads Overseas Projects to Address Debt Woes

Beleaguered developer reportedly lists London residential project on top of other liquidations as it looks to raise cash

Regulators Push Targeted Funding for Eligible Property Projects

List of projects to be unveiled by end of January and funding to be available ‘immediately’ as authorities seek to revive ailing sector

# Business #

In Depth: Chinese EV Drive Into Thailand Galvanized by Smog and Subsidies

Automakers from China will need to take on dominant Japanese rivals and invest heavily in local plants amid steepening rules on industrial handouts

CATL to Invest $1.83 Billion to Build First Offshore Wind Power Project

Fujian approves construction of an 800-megawatt offshore wind farm and energy storage unit which will provide green energy to CATL’s battery factory

China Tourism Sector Posts Patchy Recovery as Rebound Peters Out

A surge of trips from pent-up post-pandemic demand has waned as tourists pare back their budgets and seek out more affordable options

# Editorial & Opinion #

China’s Local Debt Problem Needs a Comprehensive Solution

The problem might seem mostly a fiscal and financial issue, but at a deeper level it is a matter of national governance

# Economy #

In Depth: China Intensifies Efforts to End Property Crisis

Financial and housing regulators have released more measures to ease developers’ liquidity crunch and stepped up pressure on banks to lend more

China’s Manufacturing Expansion Holds as Demand Picks Up, Caixin PMI Shows

January’s reading, unchanged from the previous month, marks the first time since May 2021 that the index has remained in the expansion zone for three straight months

Hong Kong Home Prices Tumble to Seven-Year Low

No end in sight for longest run of falling housing prices since SARS outbreak of 2003

China’s Statistics, Forex and Energy Agencies Get New Deputies

State Council appoints Ruan Jianhong deputy director of NBS, Wan Jinsong deputy head of NEA and Xu Zhibin as SAFE’s new deputy administrator

# World #

China and Singapore Agree on 30-Day Visa-Free Travel

Measure to promote tourism and business links starts on Lunar New Year’s Eve and travel sites are already buzzing

# Weekend Long Read #

Chinese Find Peace Among the Pitfalls of Midlife Move to Japan

About a quarter of the country’s long-term foreign residents are from China, who treasure the less stressful lifestyle despite the daily trials of living abroad

# Gallery #

Winter’s Hottest Tourist Destination

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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