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 #
China’s Sports Corruption Dragnet Casts Pall Ahead of Paris Olympics
An avalanche of corruption investigations is sweeping through the former top echelons of China’s sporting regulator, putting an uneasy focus on how the nation prepared its athletes for recent Games
# Finance #
In Depth: Local Governments Ditch Financing Vehicles to Offload Hidden Debt
Southwestern metropolis Chongqing is one of the latest to explore decoupling, hoping the move will lower its debt-to-GDP ratio and open new channels for both LGFVs and the local government to raise more money
In Depth: Alipay and WeChat Pay’s Smaller Peers Struggle Amid New Crackdown
Institutions are scrambling to find new ways of making money after regulators’ ban on code stacking cut off a lucrative source of income
# Business #
Caixin Explains: How the EU’s New Tariff Hikes Will Affect China-Made EVs
The bloc formally notified carmakers including BYD, Geely Auto and SAIC Motor that they will be subject to additional duties of up to 38.1% from July 4
Western Tariffs Won’t Dim Outlook for Chinese Automakers’ Global Expansion, Economist Says
Automakers will be selling about 20 million cars overseas around 2035, expert at institution linked to state planner says
# Economy #
Higher Wages, Fewer Jobs: The Changing Face of China’s Manufacturing Sector
New employment trends indicate weaker recruitment and more jobs in the gig economy, according to manufacturing indices
# News Graphics #
China Set to Massively Surpass Its 2030 Wind and Solar Goal
The country’s cumulative capacity is ‘very likely’ to reach 2,400 gigawatts, nearly double its target, expert says
# China #
In Depth: How China’s Pricing Regime Penalizes Innovative Drugmakers
The country’s system for negotiating drug prices is making it hard for the companies to make money, both at home and abroad
Chinese Media Mogul Convicted of U.S. Election Interference Flies Off Into the Unknown
Qin Hui, who was found guilty of making straw donor political contributions, was released last month after completing his sentence and departed the U.S. for an unknown destination
# World #
China and New Zealand Agree to Expand Trade, People-to-People Exchanges
Beijing to offer visa-free travel for New Zealanders, Premier Li Qiang announces during visit
# Opinion #
How to Turn China’s Enviable Number of Patents Into Marketable Innovations
Policymakers have made strides in making it easier for academics to commercialize their work, yet there are still walls between research and industry that need to be torn down
# Weekend Long Read #
China’s Late Preeminent Mideast Scholar Hoped For ‘Dividends of Peace’
Yin Gang, a renowned expert on the Middle East at the Chinese Academy of Social Sciences died earlier this month aged 73, leaving a legacy of deep insights and advice on how Beijing can best navigate the complex region
# Gallery #
Torrential Rain Batters Guangdong
# Podcast #
Caixin Biz Roundup: Qatar to Invest in Chinese Asset Manager, EU to Slap Tariffs on Chinese EVs
CATL refutes forced labor allegations, Australia orders Chinese investors to sell stakes in rare earths miner
