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 #
Turning Research Into Revenue – China’s Quest to Bring Lab Inventions to Market
China leads the world in patent filings, yet transforming the achievements of the nation’s universities and research institutions into profitable businesses remains a challenge
# Finance #
In Depth: How Hong Kong Could Help Craft Mainland Policies for Digital Assets
Chinese financial institutions are taking advantage of the city’s digital strategy to test blockchain-based financial products that could shape Beijing’s own policies on virtual assets, industry experts say
# Business #
In Depth: Logistics Is Getting Pricy in China, but Reform Will Be a Long Haul
Overreliance on trucking combined with a hard-to-reform railway system have left policymakers little room to maneuver
# Economy #
China Can Loosen Monetary Policy Without Fretting Over Yuan Depreciation, Scholar Says
Policy easing can lead to a weaker currency, but allowing some depreciation ‘isn’t necessarily a bad thing,’ Zhang Liqing says
# News Graphics #
New Trade Barriers Threaten China’s Surging Chip Exports
Stronger demand from global clients saw exports jump 28.5% in May, but fresh U.S. tariffs mean sustained expansion is uncertain
# Tech #
CATL Overtakes LG as Top EV Battery Supplier for Markets Outside China
Contemporary Amperex Technology’s share of non-Chinese markets rose to 27.4% of installed capacity for the first four months of 2024, while its South Korean rival’s slipped to 25.7%
# China #
In Depth: How a Gangster Weaponized the Local Judicial System to Set a Rival Up for Murder
Lou He spent about $1.7 million bribing police, prosecutors and judges in a Liaoning province city to get even with a fellow gang leader who ratted him out to the cops
In Depth: Chinese Customers Sold on ‘Elixir of Youth’ Despite Expert Warnings
The global popularity of nicotinamide mononucleotide, or NMN, a product with supposed ‘anti-aging’ properties has soared, with China now the biggest source of materials used to make it and the largest customer
# World #
Red Sea Crisis Causes Gridlock as Chinese Exporters Try to Beat U.S. Tariff Deadline
Container congestion at Asian ports getting worse although experts say things should improve soon
# Opinion #
How to Pave the Road to Improved Audit Quality
The case of audit firm PwC China’s apparent complicity in developer Evergrande’s financial fraud highlights the need to improve the checks and balances of intermediary organizations
# Weekend Long Read #
Why China Is So Keen on Hydrogen
Greater adoption of the energy source would help the oil-dependent country achieve better energy security while further building up its NEV industry
# Gallery #
China Keeps World Cup Hopes Alive
# Podcast #
Caixin Biz Roundup: PwC China in Crisis
EU’s proposed carbon footprint methodology has Chinese EV-battery makers on edge, Tianqi considers action to protect its stake in Chilean lithium mining firm
# The Wall Street Journal #
Modi Loses Majority in Stunning Election Setback, but Is Set to Keep Power in India
Leader’s Hindu nationalist party failed to secure an outright majority on its own
