The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
What’s Behind China’s ‘Missing’ Foreign Exchange Reserves
The mismatch in the trade surplus and foreign exchange reserve data reflects that wealth is being held increasingly by the people, not the state
Hubris and Heartache: Behind the Tragedy of Beijing’s Deadly Hospital Fire
The blaze killed 29 people, mostly seniors, with a probe into the hospital’s fire safety protocols holding implications for the broader industry
In Depth: BYD Gears Up for Global Electric Car Race
Following 2022 results that thrilled investors, the Chinese EV giant adds more capacity, accelerates its overseas expansion and muscles into the high-profit luxury market
Bidders in Guangzhou Land Sale Cry Foul on Lottery Results
State-owned China Resources Land wins coveted properties, prompting losers to challenge the process and demand an investigation
China Loses More of Its Share of U.S. Imports to ‘Low-Cost’ Asian Rivals
Some companies are diversifying their supply chains away from the mainland and Hong Kong due to concerns about rising labor costs, geopolitical tensions and supply chain resilience, according to a research report
Canton Fair Buyers Shun Finished Goods in Sign of Manufacturing Exodus, Insiders Say
Buyers at the Canton Fair plan to transport parts back to their home countries for assembly, in part to avoid high tariffs, Caixin has learned
Foreign Investors Are Piling Into Chinese Stocks Again
A net 150 billion yuan flowed into domestic equity markets in the first quarter of 2023, CSRC Vice Chairman Fang Xinghai says
In Depth: China Makes Further Inroads in Popularizing the Yuan
Countries including Russia and Brazil join Beijing’s drive to boost currency’s use in cross-border trade and investment
In Depth: Tencent, ByteDance Gut Metaverse Units in Virtual Reality Check
They said it was the future of the internet – but for staff at China’s internet majors it’s been a case of last in, first to leave
Alibaba Cloud Slashes Prices to Spur Revenue Growth Before Possible IPO
Unit of e-commerce giant to offer core cloud services for as much as 50% less while offering free trials as it prepares to go public
In Depth: China’s Struggle to Unify Localized Health Insurance
The uneven distribution of resources is a major cause of domestic medical tourism, which is straining reform efforts in a system already tied up in red tape
Xi Affirms China’s Commitment to Restoring Peace in Ukraine in Phone Call With Zelenskyy
Beijing will send one or more special representatives on Eurasian affairs to Ukraine to talk with all parties comprehensively about a political settlement, Chinese president says
China’s Economic Data Points Aren’t as Strong as They Seem
The low base set in 2022 reveals that some of the economy’s surging growth this year is just on paper
Gallery: Inside China’s Biggest Trade Expo
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