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Caixin Global
Caixin Global
National

Weekly Must-Read: Chinese Consumers Deluged With Cheap Loans

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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# Finance #

Hillhouse Capital Under Investigation Over Share Transfers

Solar panel maker LONGi Green Energy reports CSRC probe as Hillhouse’s HHLR may have trimmed its stake without complying with disclosure rules

In Depth: Chinese Consumers Deluged With Cheap Loans

Banks are undercutting each other amid the government’s calls to support consumption and economic growth

# Cover Story #

Charles Li’s Micro Connect Sells New Loan Model to China’s Small Businesses

Borrowers must pledge percentages of sales to repay debt

# Business #

In Depth: Big Tech Is Changing in China, and So Are Its Hiring Plans

Slower growth, corporate restructuring and changing needs force giants like Alibaba, JD.com and Meituan to dial back recruitment and raise the bar for new hires

# Economy #

China Housing Market’s ‘Silver October’ Tarnishes

Government policies to spur real estate run out of steam in a month when demand is normally hot as sales plunge 28.4% from September

# Tech #

First Huawei-Chery EV Ready for Pre-Order

Powered by the tech giant’s HarmonyOS, the Luxeed S7 is available starting around $35,000

# China #

In Depth: Why Foreign Degrees Have Lost Their Luster for Chinese Graduates

With a record 11.6 million new domestic college graduates, soaring youth unemployment, and companies scaling back hiring post-pandemic, the odds are stacked against overseas grads

# World #

Xi-Biden Meeting Yields Pledge for Better Military Communications, Anti-Drug Cooperation

The Chinese and U.S. presidents agreed to resume high-level communication between the two countries’ militaries and better cooperate in combating illicit drugs such as fentanyl

# 14th Caixin Summit #

Tensions With U.S. Loom Over Middle Eastern Investment to China, Executive Says

Investcorp co-CEO said there could be even more opportunities in tech and beyond once geopolitical roadblocks are removed

10 Key Takeaways From the Caixin Summit

The annual conference brought together business leaders, experts and scholars who offered key insights and various perspectives on pivotal China-related topics

# Opinion #

Mutual Benefit Is the Essence of Opennes

China’s import expo signals its commitment to an open global economy — a goal that offers benefits for the country itself

# Weekend Long Read #

To Understand China’s Labor Market, Look Beyond the Headline Unemployment Rate

The surveyed jobless rate fell to 5% in September, painting a promising picture, but the indicator needs to be complemented with other data to gain a comprehensive view of the labor market

# The Wall Street Journal #

ICBC Hackers Used Methods Previously Flagged by U.S. Authorities

Attack stemmed from Lockbit 3.0 ransomware and two tactics targeting users of services managed by Citrix, Treasury says

# Gallery #

Xi, Biden Meet

# Podcast #

China Transition Finance with a Cup of Tea Episode 1: Concept and Essence of Transition Finance

Caixin Global invited Mr. XIE Wenhong, Head of China Programme at Climate Bonds Initiative, to share his insights on what international investors should know about the concept and essence of transition finance in China.

Caixin Global’s Top Stories of the Month newsletter brings you the most popular news coverage over the past month. You may opt in now and get handpicked news coverage delivered to your inbox each month for free.

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