The Caixin Must-Read newsletter brings you the best of our coverage from the past week. If you find it valuable, please share it and invite others to subscribe.
Group access and applicable discounts are available. Contact us for a customized plan.
# Cover Story #
Chinese Solar Giants’ Shine Fades Amid Growing Product Glut
China’s solar panel makers are suffering plunging valuations amid mounting losses as a price war triggered by overcapacity and weak demand takes a toll
# Finance #
In Depth: China’s Never-Ending Bond Bull Run Fuels Speculation Regulators May Intervene
Central bank aims to avoid systemic risks as concern grows of a possible reversal of the high demand that's pushed yields down to record lows
Top Chinese Securities Firms to Merge as State Calls for Consolidation
Guotai Junan and Haitong are both backed by the Shanghai government, smoothing the path to a deal that will be paid for through a share swap
Chinese Banks’ Cash Flow Plummets After Crackdown on High Deposit Rates
Regulatory demand that banks stop ignoring interest caps has caused flight of corporate savers
# Business #
Exclusive: IBM Chief Says Closing China Units Is ‘Done’ and ‘Not Reversible’
IBM to focus on strategic sites in the U.S. and India after pulling out of China
Analysis: Huawei’s $2,800 Foldable Phone Raises Bar in China’s Handset Market
The Mate XT folds out to 10.2 inches, around the same size as the Apple iPad Air
# News Graphics #
Chart of the Day: China’s Car Sales Slide for Third Straight Month
Sales by automakers operating in the country fell 5% last month to 2.45 million vehicles due to lagging demand at home
# Tech #
China Will Need 9,000 New Aircraft Over Next Two Decades, C919 Plane Designer Says
Belt and Road Initiative is driving huge expansion in number of routes, says Wu Guanghui, chief designer of country’s first passenger jet
# WSJ #
Chinese Exports Rose in August Despite Growing Trade Barriers
Outbound shipments rose 8.7% from a year earlier in August
# Economy #
China Opens Printing, Chinese Medicine Industries to Foreign Investment
Update to negative list fulfills pledge to completely open manufacturing sector to overseas players
# China #
China Loosens Restrictions on Foreign Investment in Hospitals
A new pilot program will allow wholly foreign-owned medical institutions in eight cities plus Hainan province, the first such trial in a decade
# World #
Indonesia Aims to Woo Chinese Investment in Solar, EV Battery Production
Vice Minister of Foreign Affairs Pahala Nugraha Mansury said lack of solar photovoltaic production has been a ‘bottleneck’
Standard Bank Sees Bigger Role for Yuan in African Trade
Direct settlement between African and Chinese currencies would cut costs for businesses, top executives from Johannesburg-based lender say
# Opinion #
China’s Export Beat Belies a Slowing Trend
Goods exports rose 8.7% year-on-year last month, but month-on-month momentum has been ebbing since May
Broadening New Industries’ Market Access Is Imperative
Improvements in market access can have a disproportionate impact on China’s economy, enhancing new drivers and advantages
# Weekend Long Read #
Are Chinese Industries at Risk of Hollowing Out?
A new wave of overseas expansion is fueling fresh concerns that industrial relocation could trigger higher unemployment at home over the medium to long term
# Podcast #
Caixin Biz Roundup: Chinese Localities ‘Sell Everything to Save the Day’
EV-maker BYD to buy out its German distributor, China Vanke debt cracks exposed after first loss in 20 years
