The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors. Enjoy!
Group access and applicable discounts are available. Contact us for a customized plan.
# Cover Story #
Alibaba Renews Strategy Reset to Revive Growth Momentum
Jack Ma tells employees ‘we must reform for the future’
# Business #
Alibaba Doubles Down Overseas for New Growth Drive
AIDC, responsible for global businesses, is considered Alibaba’s most promising segment, despite stiff competition from fast-rising upstarts
Exclusive: China Should Do More to Drive Adoption of Carbon Capture Tech, IEA Official Says
The technology can help reduce the emissions of China’s heavy industries such steel and cement, Timur Gül tells Caixin
In Depth: Chinese Education Firms Learn Tough Lessons Overseas
As they expand, tutoring firms are finding it hard to localize offerings across markets and retain staff abroad
# Finance #
Exclusive: Star Chinese Fund Manager Prosecuted for Bribery
Cai Songsong and two other defendants appeared in court on March 27 over trading a listed company’s stock for personal gains, sources tell Caixin
Chinese Asset Managers Get Green Light to Offer Spot Bitcoin, Ether ETFs in Hong Kong
The approvals open the way for three firms to list the financial products as the city pursues its goal of becoming a global cryptocurrency hub
China Targets High-Frequency Trading in Wake of Market Turmoil
Greater oversight of program trading aims to maintain order in the market, CSRC says
# News Graphics #
Chart of the Day: China’s Nuclear Power Investment Hits New High
Investment in new reactors grew over 40% in 2023 to more than $13 billion, a recent report shows
# Opinion #
Stricter Capital Market Oversight Looms in China
New guidelines from the State Council outline heightened penalties, portending a stricter regulatory regime
Maintaining Momentum in the Foreign Investment and Trade Recovery
China will stabilize foreign investment and trade as long as it continues to deepen reforms, expand openness, treat all types of firms equally, and fully unleash the talent and intellect of entrepreneurs
# Economy #
China’s First-Quarter GDP Growth Beats Expectations at 5.3%
While strong exports and manufacturing investment buoy the economy, weak domestic demand and an ailing property market hold growth back
China’s Youth Struggle to Find Work Despite Drop in Jobless Rate
Beijing earmarks $9.3 billion to boost employment as joblessness among educated workers continues to cause concern
China Home Prices Continue to Fall Amid Sluggish Sales in March
New and existing homes see prices fall month-on-month despite the easing of purchase restrictions and mortgage rules
# Tech #
U.S. Blacklists Six More Chinese Firms for Acquiring AI Chips for Military and Drones for Russia
Inclusion on the list means U.S. exporters need a license to ship goods to the company, which is likely to be denied
# China #
In Depth: How China’s Revision of Supervision Law Would Expand Legislative Oversight Powers
Draft amendment aims to prevent improper local policies from unduly restricting civil rights and freedoms, scholars say
# World #
“Explore Ways of Coexisting,” China’s Defense Chief Tells U.S. Counterpart
Improving military relations is crucial to the implementation of the consensus agreed by the two countries' presidents, Dong Jun tells Lloyd Austin
China’s EVs Exports Have Enriched Global Supply, Eased Inflationary Pressure, Xi Tells Scholz
Chinese president tells German chancellor their countries should ‘stay vigilant against rising protectionism’
Iran Can Handle Escalating Tensions With Israel, Beijing Says
Chinese foreign minister Wang Yi conveyed the remarks to his Iranian counterpart during a call following the Islamic Republic’s bombardment of Israel over the weekend
# Weekend Long Read #
How China Can Avoid the Worst Path to Reviving Consumer Spending
To address sluggish consumption and high savings, policymakers need to find a way to get more income flowing into household coffers
# Gallery #
Gallery: Chinese Duo Brawl for UFC Women’s Gold
# Podcast #
Caixin Biz Roundup: China Accuses EU of ‘Protectionist’ New-Energy Probes
Regulator targets high-frequency traders after share dumping causes turmoil, Vanke reassures investors it can avoid default
