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 #
Chinese Gamble With Their Lives in the Philippines Amid Waves of Kidnappings
Labeled by international media as the “kidnapping capital of the world” in the 1990s, Manila today is plagued by trans-national criminal networks that are now increasingly targeting visiting Chinese businesspeople, who they often snatch for ransom right at the airport
# Finance #
China’s Languishing IPO Market Strains Startup-Investor Relations
PE and VC funds are instead resorting to pre-listing agreements with refund clauses, which in many cases lead to litigation
Guangdong to Encourage Investment by State-Owned Venture Capital Firms With New Rules
The regulations, set to take effect on Oct. 1, are aimed at bolstering the industry by mitigating fallout for managers from mistakes in investment decisions
# Business #
Chinese carriers are focusing on adding flights to the Middle East, to bolster trade links and connect to major hubs
China Vows to Defend EV-Makers as EU Confirms Additional Import Duties
Although European Commission revises down the rate on the new tariffs, they will still be as much as 36.3% and will stay in force for five years
# News Graphics #
In Depth: A New Chinese Food and Beverage Wave Hits Southeast Asia
Despite some localization and supply chain hiccups, Chinese food and drink brands are aggressively expanding into new markets
# Research & Analysis #
What’s Behind China’s Spending Slump
Dwindling confidence among consumers, businesses, local governments and other organizations is weighing on a focal point of the country's efforts to revive its slowing economic growth
# Opinion #
Japanese Prime Minister’s Resignation Will Have Neutral Impact on Monetary Policy
The probability of an October rate increase has declined, but a December hike is likely
# China #
Hong Kong’s Talent Attraction Programs Helps Population Grow
Tens of thousands of professionals, many from the mainland, seek a future in Hong Kong
# Weekend Long Read #
With AI, China’s New Hit Dramas Are Virtually Writing Themselves
More and more of China’s ultrashorts are now being crafted entirely by the technology, from script to special effects. But as it advances, concerns about creativity and authenticity are growing
# Podcast #
Caixin Biz Roundup: Record-High Net FDI Withdrawals From China
Chinese fund firm’s recently resigned chairman linked to U.S. president’s son, China adds metal used in ammo to list of restricted exports
