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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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Chinese Nickel Miners in Indonesia Face Threat from Falling Prices
A decade-long rush by China-based metal producers may end
China’s Manufacturing PMI Rises to Three-Month High, Caixin Survey Shows
The improvement was driven by new orders that rose in November at the fastest pace since June, while optimism about the outlook for next 12 months had the best reading since July
China Services Activity Picks Up Momentum on Stronger Demand, Caixin PMI Shows
The gauge ticked up in November, with the reading for total new orders showing growth for the 11th straight month
Exclusive: Zhongzhi Vice President Xie Among Those Probed Over Group’s Collapse
Beijing police are investigating Xie Zizheng and senior staff in four wealth management affiliates as a shortfall of up to 260 billion yuan was revealed, sources say
Pioneer Who Helped Set Up China’s Capital Markets Dies
Wang Jianxi, who participated in the drafting of China’s Securities Law and the design of the stock exchanges in Shanghai and Shenzhen, died at 72 in Beijing, Caixin has learned
Five Things to Know About Huawei’s New Smart Car Venture
The new company, which will focus on developing intelligent vehicle systems and components, has received interest from Huawei’s numerous auto partners, including a commitment to invest by Changan Auto
Chinese Auto Exporters Face Costly Detour After Red Sea Attacks, Expert Says
A route around the Cape of Good Hope from Asia to Europe could add two weeks to the journey and increase the cost to ship each car by 20%, logistics expert Wang Zhengcheng says
In Depth: China-Latin America Ties Deepen Amid Boom in Cross-Border Auto Trade, E-Commerce
Bilateral trade hit a record high of nearly $500 billion in 2022, with Mexico and Brazil the main beneficiaries
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Analysis: Central Bank Digital Currencies Can Slash Costs of Cross-Border Payments
PBOC is testing the use of CBDCs in a partnership with the Hong Kong Monetary Authority, Bank of Thailand, and Central Bank of the UAE
Analysis: What’s Behind China’s Diverging Economic Data
Country’s economy is experiencing a structural recovery rather than the full-blown rebound expected at the start of the year
China Vows Crackdown as Child Trafficking Helps Drive Birth Certificate Sales
The underground trade has persisted as the fraudulent identification is often used to conceal criminal activity or circumvent strict rules outlawing surrogacy
In Depth: Will Hong Kong’s Tax Tweaks End Its Real Estate Slump?
Despite a recovery in sales of new homes, capital continues to flee financial hub’s property sector in favor of safer bets like fixed deposits
Thanksgiving Dinner Reveals Price of ‘Bidenomics’
Falling food costs remain high as Fed reins in inflation. While economic growth shines, recession risks, though diminished, still loom
China’s Finance System Needs to Be Healthy to Serve the Real Economy
It is a misconception to believe that strict control over the financial sector is necessary to transition from focusing on the speculative ‘virtual’ economy to the tangible ‘real’ economy
Why Did It Take So Long to Act on the Zhongzhi Meltdown?
Like many in internet finance, the now insolvent shadow banking giant lacked a traditional risk control system, exposing its high-net-worth clients to great jeopardy
The Biggest Winner in the OpenAI Fiasco
Microsoft CEO Satya Nadella made a huge bet on the world’s hottest AI company. After it nearly blew up on him, he now emerges with closer ties to its leader, Sam Altman
Inside Binance’s Guilty Plea and the Biggest Fine in Crypto History
Decision to come to terms with the government’s charges reflected a sense of pragmatism, as the deal allows Binance to keep operating
Cleaning Up the Tibetan Plateau
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China Transition Finance with a Cup of Tea Episode 4: Transition Finance in Asia: Present and Future
Caixin Global invited Prof. LIANG Hao, Ho Bee Professorship in Sustainability Management, Singapore Management University, to share his insights on what international investors should know about the present and future of transition finance in Asia
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