The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
China’s First-Quarter GDP Grows 4.5% on Pick-Up in Consumption, Industrial Production
The figure beats expectations and surpasses the 2.9% growth rate for the fourth quarter, when the country was still sticking to its stringent ‘zero-Covid’ policy most of the time
China Emerges as Powerbroker on Global Diplomatic Stage
Xi Jinping follows up Saudi-Iran peace deal by meeting with European leaders to discuss an end to Ukraine war
In Depth: Why China’s Chip Industry Still Holds Sway Despite Export Curbs
Semiconductor tech powerhouses are trying to stymie the country’s access to advanced technology, but it still has room to maneuver as the world’s largest chip market
In Depth: Long Tethered to Apple, Chinese Suppliers Seek New Options
Executives talk up automobile clients and cross border manufacturing as they stare down geopolitical risks and a consumer electronics slowdown
Tesla Safety Faults Contributed to Worker Fatality in Shanghai, Investigation Finds
Electric vehicle giant should be punished in connection with a February death of a worker who was crushed at the plant, report says
Five Things to Know About How China Is Changing Its Rules for Bank Capital
The PBOC and CBIRC want to bring regulations in line with global standards, while maintaining enough flexibility to meet the needs of domestic lenders and borrowers
China Private Equity Investment Plunges to Eight-Year Low
PE funding fell 53% to $62 billion in 2022 amid growing macroeconomic headwinds, Bain reports
China’s Mutual Funds Take Beating Amid Capital Market Rout
In 2022, total net losses from mutual fund investments reached $218.6 billion, the largest since 2008
In Depth: Fugitive Billionaire Guo Wengui’s Web of Money-Siphoning Schemes
The Chinese businessman spun a sprawling tangle of multibillion-dollar projects to defraud thousands of investors, U.S. prosecutors say
Death Toll From Beijing Hospital Fire Climbs to 29
Authorities have hauled in 12 people for questioning over Tuesday’s blaze, said to be the capital’s deadliest in recent years
France and U.S. Are Allies With Different Voices, French Ambassador to China Says
Bertrand Lortholary’s remarks follow French President Emmanuel Macron’s comments that Europe must resist pressure to become ‘America’s followers’ and ‘a vassal’ on the Taiwan issue
China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain
A financial system lacking commercial independence will likely become a new area of concern
How to Get Chinese Brokerages in Hong Kong Growing Again
These securities firms need to better manage their risks and liquidity, and take advantage of synergies with their parent companies to recover from a dismal couple of years
Apple Makes the iPhone a Home for Savings Accounts
Apple Card credit-card holders can open an account with a 4.15% annual percentage yield
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