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 #
Yen’s Decline Tied to U.S.-Japan Rate Gap Is Seen Stretching to 2025
Japanese tourism and exports see gains while fund outflows and higher import costs cause pain
# Finance #
In Depth: Why China’s Tightening Its IPO Regulation
New State Council guidelines on capital markets call for higher listing standards and better oversight of IPO sponsors
In Depth: China’s Pension Finance Push Falls on Deaf Ears
Despite the government’s efforts, savers aren’t pouring money into personal retirement accounts and banks have been reluctant to expand lending for elderly care
# Business #
In Depth: Why Biden’s Tariffs Increases Won’t Cause China Much More Pain
Similar hikes in the past have already reduced Chinese exports to levels low enough that the new ones won’t have much additional impact
Shanghai-based Unisoc is close to securing more than $552 million in new funds, sources tell Caixin, despite an arduous fundraising journey
# News Graphics #
In Depth: Chinese Lithium Giant’s Chile Headache Telling of Growing Global Resource Protectionism
Chile's new deal with local miner SQM will give it greater control over the country’s largest reserve of the key EV battery material, but will likely dilute shareholder Tianqi Lithium's future profits
# Tech #
China Could Have a Million Hydrogen-Powered Vehicles on Its Roads by 2035
Expert says significant advances have been made in hydrogen fuel cell systems while costs have fallen by 50%
# China #
Caixin Explains: The Extreme Graft Cases Dealt a Death Sentence Without Reprieve
Only a handful of cases involving huge amounts of money or other aggravating factors result in the death penalty being carried out
# World #
China’s Defense Minister Warns Against Interfering on Taiwan Issue
Chinese military will ‘take resolute actions’ to make sure separatist efforts never succeed on the island, defense chief Dong Jun says at the annual Shangri-La Dialogue
# Opinion #
Shanghai’s Relaxing Housing Restrictions Show Policymakers’ Determination
Changes include lowering mortgage rates and easing purchasing limits, such as expanding the areas where unmarried non-locals are allowed to buy preowned homes
# Weekend Long Read #
Dialogue Between Hu Shuli and Joseph Nye on China-U.S. Relations
The former dean of Harvard's Kennedy School of Government discussed the great power competition between the two countries in a discussion at the Caixin Summer Summit with Publisher Hu Shuli
# Gallery #
Thought Leaders Gather for Caixin Summer Summit
# The Wall Street Journal #
Can Donald Trump Still Run for President? The Hush-Money Verdict Explained
First conviction of a former president raises a series of novel issues
