The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
China’s Road to Economic Recovery Faces Post-Covid Speed Bumps
Policymakers are now squarely focused on reviving the economy. But some analysts warned against ‘excessive optimism’ about when pre-pandemic growth rates will return
China and Singapore Widen Investor Access to Each Other’s Stock Markets
Two funds, part of the ETF link between the Singapore and Shenzhen exchanges, listed on Friday
Ant Group’s Lending Unit Gets Approval for $1.5 Billion Capital Boost
The capital expansion is seen as a necessary move for Chongqing Ant Consumer Finance to maintain its lending business
Regulators Crack Down on Tiger Brokers and Tencent-Backed Futu
Online brokerages ordered to quit accepting new onshore investors and fix improper business practices as CSRC finds their cross-border trading illegal
China-Developed Covid Pill Matches Paxlovid, Study Shows
Junshi Biosciences and Vigonvita Life Science’s VV116 had similar results to Pfizer’s drug in a trial during the Shanghai outbreak
Related
China Approves Merck’s Covid Pill Amid Shortage of Drugs
China’s Demand for Pfizer’s Paxlovid Skyrockets, but Supplies Are Limited
China Manufacturing Activity Shrinks for Fifth Straight Month, Caixin PMI Shows
A wave of Covid infections weighed on production and sales in December, but eased restrictions lifted optimism on future output to the highest level since February
China Services Activity Shrinks for Fourth Straight Month, Caixin PMI Shows
Widespread Covid-19 outbreaks continued to drag on demand and operations in December
Guizhou province-based Zunyi Road and Bridge reaches a deal with 21 creditor banks including China Citic to postpone repayment of $2.3 billion in borrowings
# Year in Review #
China’s Property Market at a Turning Point
The government began last year to ease up on a clampdown that upended the industry, but developers won’t be able to rely on the business model of the past
China’s Struggle to Contain Covid Hits the Economy Hard
Lockdowns added to the country’s woes, including an ongoing housing slump and fading exports, but Beijing’s year-end pivot to living with the virus raises the prospect of a recovery in 2023
China Recalibrates Diplomacy After Leadership Reshuffle
A new lineup of diplomatic team in the Chinese Communist Party’s Central Committee, who specialized in dealing with Europe and Asia instead of the U.S., indicates a potential shift in diplomatic focus away from Washington
China’s Blue-Collar Workforce Is Getting Older as Youth Shun Manual Labor
Nearly 30% of workers are above 50 and their skills are becoming less relevant as Chinese firms invest in high-tech equipment
With Jobs at Home Scarce, Young Chinese Are Heading to Africa
Today’s graduates are facing one of the toughest job markets in decades, leading many to look further afield for opportunity
Gallery: Ring In the New Year Outside
Caixin Biz Roundup: China Ends Covid Quarantine for Inbound Travelers
Surging Covid cases clear pharmacy shelves, drugmakers told to boost supplies, and foreign ministry gets a new boss
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