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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Chinese Carmakers Enter 2024 Fighting Price War, Heightened EV Competition
On track for record 2023 sales, China’s auto industry won’t see profitability follow suit
Year in Review: China’s Real Estate Sector in Crisis
As home sales continued to drop and developers’ liquidity problems grew, policymakers hit the rescue button with a slew of measures to try and kick-start sales and provide funding for cash-strapped developers
In Depth: Why China Wants Brokerages to Merge and Why It Won’t Be Easy
Expectations are growing for a wave of M&A after the country’s top leaders vowed to foster ‘first-class’ investment banks, but the industry faces a series of headwinds
Exclusive: Former Citic Bank Chair Penalized for Wrongdoing, Sources Say
Li Qingping has had her official rank downgraded post-retirement, possibly for promoting problematic executives
In Depth: China’s Cloud Giants Seek Profits Abroad as Domestic Margins Dwindle
The likes of Alibaba, Tencent and Huawei have accelerated their global expansion this year, thanks largely to the buzz around AI, encroaching on the territory of U.S. leaders Microsoft and Amazon
Evergrande’s EV Unit Says Share Sale with Dubai Automaker Lapses
Electric-vehicle maker loses lifeline to keep it afloat, but negotiations continue in the hope strategic investment can still be salvaged
China’s Manufacturing Expansion Picks Up on Domestic Demand, Caixin PMI Shows
The gauge ticked up marginally to 50.8 in December, with marked expansion in output and total new orders
China Plans to Open Two Areas of Low-Altitude Airspace for General Aviation
The move will allow more of the sky to be used by drones, helicopters and electric aircraft, as Beijing seeks to bolster its airborne economy and bring its classifications into line with international norms
Shenzhen Offers Up to $2.81 Million Incentives to Flying-Car Companies
South China city is putting incentives in place so flying car startups can really take off and overtake the competition
In Depth: China’s ‘No-Show’ Jobs Market for Disabled Deepens Employment Woes
A growing clandestine market where people rent out their proof of disability conversely has made finding real jobs even tougher for those that want them
Year in Review: Chinese Diplomacy Springs to Action
A flurry of high-level meetings with the U.S., Europe and developing countries sought to ease bilateral tensions and boost global influence
Some China Assets Can List in U.S. Unobstructed Amid Geopolitical Divide
Companies relocating their operations outside the mainland can find a much smoother route to U.S. capital
Policymakers Can Learn From History to Quell Gaming Sector Turmoil
China regulators spooking the market with proposed new regulations and then scrambling to calm fears shows the government could have learned from history about the importance of public engagement when drafting policy
Heavy Fog Blankets Parts of China
China Bans Rare-Earth Tech Exports, New Gaming Rules Spook Investors
Tesla prepares to build battery plant in Shanghai, Boeing returns to China with Dreamliner delivery
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