Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Caixin Global
Caixin Global
National

Weekly Must-Read: Raging Price War Poses Survival Threat for Automakers

China’s auto industry consists of more than 80 passenger car manufacturers and more than 100 brands, including joint ventures involving nearly 10 multinationals

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Business #

Exclusive: Shagang Still Wants to Buy Nangang Iron & Steel From Fosun

Even after Citic swooped in to help Nanjing Steel preempt its deal, Shagang urges Fosun to honor its $1.97 billion sale agreement

In Depth: How China’s Export Surge Left the Shipping Industry With a Hangover

Falling freight rates are a sign of overcapacity in the sector, just as a host of new vessels ordered during boom times are about to be delivered

In Depth: Why Should Beijing Reinstate Subsidies for Auto Sales?

Complex market dynamics could make state intervention less effective as the industry’s increasingly vicious price war fails to spur demand

Raging Price War Poses Survival Threat for Automakers

Only a handful of EV and smart car winners may remain standing as China’s crowded vehicle industry faces a massive shake-out

Huawei Struggling to Grow Smart Car Business, Executive Says

Chinese automakers prefer to keep control over their driving tech, while U.S. sanctions make international firms wary, Richard Yu says

# Cover Story #

IMF Chief Georgieva on How to Operate in World of Uncertainty

The fund’s managing director explains why central banks need to be nimble, regulators ought to be decisive, and China should hold fast to its green goals

# Finance #

China’s New Personal Pension System Gets Lukewarm Response

Just 28 million people sign up for retirement accounts and even fewer make contributions, data from Ministry of Human Resources and Social Security show

Four Things to Know About How China’s PE Funds Are Helping Revive Real Estate

Private equity funds were allowed to start applying for permission to invest in some types of property projects, but some analysts are skeptical of the benefit

China Mobile Buys $6.5 Billion Stake in Postal Savings Bank

Government-controlled telecom giant will become the third-largest shareholder in the state-owned bank

# Economy #

Caixin China New Economy Index Shrinks on Decline in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March

# Tech #

Huawei’s 2022 Profit Plunges 69% Amid Sanctions and Heavy R&D Outlays

After pouring a record 25.1% of revenue into research and development, the Chinese electronics giant says it expects higher earnings this year

# World #

China and Australia Can Do More to Lower Trade Barriers, Official Says

Assistant Minister for Trade Tim Ayres says both countries would benefit from a full resumption of exports and imports and resolving ‘trade impediments’ without the WTO

# Opinion #

Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

# Gallery #

Gallery: Ex-Taiwan Leader Honors His Ancestors

# The Wall Street Journal #

Japan Curbs Semiconductor-Gear Exports as Ties With China Chill

Move comes as Tokyo’s foreign minister plans to visit Beijing after detention of Japanese man

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.