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Caixin Global
National

Weekly Must-Read: Electric Cars Are Draining the Batteries of China’s Insurers

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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# Cover Story #

U.S. Presidential Race Upended by Biden’s Withdrawal, Assassination Attempt on Trump

While Harris vies to lead Democratic ticket, nation contemplates the former president’s return to White House

# Plenum Explained #

Five-Year Reform Plan Laid Out by Communist Party’s Third Plenum

The key meeting outlined policy directives in areas including the economy, technology and household registration

Implications for China’s Finance and Economy

Core to the reforms set in motion at the meeting are stabilizing the capital markets, reviving the ailing property sector and relieving indebted local governments

Beijing to Bolster Industrial Chains, Promote Private Sector

A resolution adopted at the Communist Party Central Committee’s twice-a-decade meeting lays out a reform framework at a time when economic growth is slowing

Reforms for Retirement, Social Security and Employment

The Communist Party vows to raise the retirement age, ensure fair access to social insurance and ensure key groups can find work

China to Combat Cross-Border Corruption, Improve Constitutional Review

China will formulate a law to combat cross-border corruption and improve its constitutional review

# Finance #

In Depth: Electric Cars Are Draining the Batteries of China’s Insurers

Insuring EVs is costing money, as strict rules mean it’s difficult to hike premiums to a profitable level — for now at least

# News Graphics #

Analysis: How China Can Revitalize Its Slumping Overseas Investment

Maintaining stable political and economic ties with Europe would benefit domestic companies’ investments abroad

# Business #

In Depth: How China’s E-Commerce Titans Are Squeezing Global Rivals

Fast fashion giant Shein, upstart Temu, AliExpress, and newcomer TikTok Shop are reshaping the industry by connecting consumers directly to China’s manufacturing power

TSMC Chairman Rules Out Joint Venture in U.S. Amid Rising Geopolitical Tensions

C.C. Wei made the comment when asked about the effects of recent geopolitical concerns on TSMC

# Tech #

SAIC, Industry Group Rebut EV Tariffs at EU Hearings

The Chinese automaker and the CCCME criticize the anti-subsidy levies as ‘unfair’ and incompatible with World Trade Organization rules

# WSJ #

The Software Patch That Shook the World

A CrowdStrike security update rendered computers unusable and underscored the fragility of modern global technology

# World #

Palestinian Factions Sign Unity Deal in Beijing

Hamas and Fatah agree to establish an interim government of national unity to rebuild Gaza

# Opinion #

Boosting China’s Consumption Requires Comprehensive Measures

If hundreds of people can — and dare to — consume, living standards will ascend to a new level, and reform will bring greater feelings of happiness and security

# Weekend Long Read #

The Role of Pricing in China’s Changing Power Market

Fair and efficient price-setting for renewable sources will play an important role in decarbonizing the power sector, argues former central banker Zhou Xiaochuan

# Gallery #

‘Queen of Martial Arts’ Dies at 78

# Podcast #

Caixin Biz Roundup: Foreign Tourists Flood Into China

Tariff hikes loom as exports surge, tougher solar rules planned to slow manufacturing expansion

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