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 #
Fixing China’s Trade Imbalance Needs a Home Remedy
The growing trade surplus underscores structural issues within China’s economy, which experts say can be fixed by intensified government efforts to boost domestic consumption
# Finance #
In Depth: China Amps Up Scrutiny of Freewheeling Securities Firms
Many companies have been stung for lax compliance, while new rules aim to restrict the sector’s capital-intensive businesses
Analysis: Do Japanese Rate Hikes Foreshadow Global Downturns?
The events of the past week have fueled speculation of a global recession due to previous hikes preceding such crises, but it’s not that simple
# Business #
In Depth: PDD’s Bare-Knuckle Tactics Upend E-Commerce Landscape
As more merchants protest an opaque regime of fines, critics say the e-commerce company is dragging its rivals to a race to the bottom
In Depth: Chinese Shippers’ Diverging Fortunes
Ocean freight rates are surging as global capacity remains tight, while the local market has descended into a price war to secure orders in the face of weak domestic demand
# Economy #
Chinese Exporters Snap Up Yuan in Anticipation of Further Strengthening
The currency has been trending upward since late July as the U.S. dollar has weakened amid growing expectations of a Fed rate cut
# News Graphics #
Net Foreign Direct Investment Withdrawals From China Hit Record High
The mainland saw a $14.8 billion net FDI outflow in the second quarter, official data show
# Opinion #
Lessons for China From the Global Stock Rout
The essence of the market’s volatility lies in its price discovery function, which should not hinder how fast the Chinese financial system opens up
# China #
China Corpse-Stealing Ring Busted by Police, Lawyer Claims
Companies based in Shanxi and Sichuan stole or illegally purchased more than 4,000 human cadavers to produce bone implant materials, according to lawyer from Beijing Yongzhe Law Firm citing a purported police document
# Weekend Long Read #
How Fake Antique Livestreams Prey on China’s Elderly
In recent months, scams targeting the elderly with counterfeit antiques like coins, pottery and artwork have surged
# Podcast #
Caixin Biz Roundup: China’s Spending Slump Drags Global Carmaker Profits
Struggles in China hurt Uniqlo’s bottom line, Tesla renews bid to break into local insurance business
