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 #
School’s Out For China’s Rural Students as Classrooms Close
A record low birth rate and the shuttering of traditional industries has left thousands of rural schools without any students, forcing a scramble by the government to consolidate the education system
# Finance #
Shadow Banking Giant Zhongzhi and 247 Affiliated Firms Face Consolidated Liquidation
Bankruptcy administrator found ‘complex interconnections and significant liabilities’ in dramatic collapse, Beijing court document shows
PBOC Bond-Borrowing Plan Fuels Expectation of Action to Raise Yields
The central bank will likely sell the bonds to push yields higher in the short term, but investors will still favor government debt until the economic outlook improves, analysts say
# Business #
In Depth: EU Tariff Roadblock Has Chinese EV-Makers Preparing to Swerve
Higher levies will be an obstacle to exporters in short run, but longer term they will push more carmakers to add manufacturing in Europe, analysts say
# Economy #
In Depth: China’s Ultra-Long Bonds May Test PBOC’s Monetary Toolkit
Although the government is pacing the sale of its 1 trillion yuan of special debt, the central bank has instruments at its disposal to ward off any market shock
# News Graphics #
In Depth: China’s Push to Expand Its Carbon Market
Price of pollution permits surges as policymakers beef up fines for non-compliance and look to end ‘quota hoarding’
We highly recommend WSJ's coverage you should not miss this week:
Warren Buffett Gives Us a Preview of His Will
The famed investor, who owns nearly $130 billion in Berkshire Hathaway stock, will direct his fortune into a new charitable trust overseen by his children
# China #
Chinese City Plans to Honor Woman Who Died Trying to Stop Stabbing of Japanese Mother
Hu Youping will posthumously be given the title of ‘righteous and courageous role model’ for putting herself between the attacker and his victims
# World #
Beijing and Brussels in High-Stakes Talks to Avert an EV Trade War
China hopes both parties can meet halfway and find a mutually acceptable solution, says ministry spokesman
# Opinion #
Easing College Enrollment Anxiety Over What and Where to Study
China’s approach to higher education must become more flexible so more students are encouraged to study what they are interested in, instead of piling into majors that makes them easy to employ
# Weekend Long Read #
The China You Know Hasn’t Been Around That Long
It’s easy to forget that life in the country was far different just a few decades ago, and that many of its achievements are the result of reform and engagement with the rest of the world
# Gallery #
# Podcast #
Caixin Biz Roundup: China’s Panda Bond Boom
Indonesia signs major deals with Chinese automakers; Malaysia and Thailand announce intention to join BRICS
