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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China’s Local Governments Paid Record $174 Billion in Bond Interest Last Year
Total is up nearly 10% from 2022, with outstanding debt climbing by 16% last year
China’s Three-Year Stock Slump Resists Policy Prescriptions for Rebound
IPO limits and relaxed real estate policies prove no cure for world’s worst performing stock market
Country Garden Offloads Overseas Projects to Address Debt Woes
Beleaguered developer reportedly lists London residential project on top of other liquidations as it looks to raise cash
Regulators Push Targeted Funding for Eligible Property Projects
List of projects to be unveiled by end of January and funding to be available ‘immediately’ as authorities seek to revive ailing sector
In Depth: Chinese EV Drive Into Thailand Galvanized by Smog and Subsidies
Automakers from China will need to take on dominant Japanese rivals and invest heavily in local plants amid steepening rules on industrial handouts
CATL to Invest $1.83 Billion to Build First Offshore Wind Power Project
Fujian approves construction of an 800-megawatt offshore wind farm and energy storage unit which will provide green energy to CATL’s battery factory
China Tourism Sector Posts Patchy Recovery as Rebound Peters Out
A surge of trips from pent-up post-pandemic demand has waned as tourists pare back their budgets and seek out more affordable options
China’s Local Debt Problem Needs a Comprehensive Solution
The problem might seem mostly a fiscal and financial issue, but at a deeper level it is a matter of national governance
In Depth: China Intensifies Efforts to End Property Crisis
Financial and housing regulators have released more measures to ease developers’ liquidity crunch and stepped up pressure on banks to lend more
China’s Manufacturing Expansion Holds as Demand Picks Up, Caixin PMI Shows
January’s reading, unchanged from the previous month, marks the first time since May 2021 that the index has remained in the expansion zone for three straight months
Hong Kong Home Prices Tumble to Seven-Year Low
No end in sight for longest run of falling housing prices since SARS outbreak of 2003
China’s Statistics, Forex and Energy Agencies Get New Deputies
State Council appoints Ruan Jianhong deputy director of NBS, Wan Jinsong deputy head of NEA and Xu Zhibin as SAFE’s new deputy administrator
China and Singapore Agree on 30-Day Visa-Free Travel
Measure to promote tourism and business links starts on Lunar New Year’s Eve and travel sites are already buzzing
Chinese Find Peace Among the Pitfalls of Midlife Move to Japan
About a quarter of the country’s long-term foreign residents are from China, who treasure the less stressful lifestyle despite the daily trials of living abroad
Winter’s Hottest Tourist Destination
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