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The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
# Cover Story #
Are Chinese Solar Giants Flying Too Close to the Sun?
Ballooning excess capacity, which already outstrips demand, could force out many Chinese solar companies in coming years amid tumbling global prices
# Tech #
Caixin Explains: Why China’s Solar Giants Are Getting Even Bigger
Top makers of solar panels are betting on surging global demand for clean energy as they invest even more in their already dominant production capacity
Analysis: How China’s Chipmakers Can Level the Playing Field
The U.S.-led campaign to isolate the country means many domestic manufacturers are struggling to source the key tech from international suppliers
New Huawei Handset Selling Fast in China as Chip Speculation Swirls
Demand for the Mate 60 Pro surges amid speculation the tech giant has developed a 5G system chip, overcoming U.S. sanctions
# Finance #
Caixin Explains: Why China’s Efforts to Juice Stocks Typically Don’t Last
Measures including cutting the stamp duty on trades and slowing the pace of IPOs are mostly seen as a short-term shot in the arm for sentiment
Exclusive: Everbright Names Veteran Executive to Fill Top Vacancy
Wu Lijun is set to become Communist Party chief and chairman, succeeding Wang Jiang, who was assigned to new financial commission
# Business #
In Depth: Low-Carbon Transition Has China’s Shipbuilders Seeing Green
Global operators’ demand for lower-emission fleets is fueling a boom for Chinese shipyards
China Property Sector Bets on Relaxed Rules to Spur Recovery
Developers race to ramp up sales on looser mortgage and down-payment rules, while some analysts warn that latest stimulus can only do so much for longer-term recovery
# Economy #
China Creates New Agency to Support Private Sector
Private economy development bureau will report to the NDRC and be assigned to bolster the economy’s biggest source of jobs
Growth in China Services Sector Slows as Exports Shrink, Caixin PMI Shows
The gauge read 51.8 for August, with confidence in the 12-month outlook dropping moderately
China’s Appetite for Luxury Is Back
Global retailers including LVMH and Prada report strong growth in Asia-Pacific sales for first half of 2023 as Chinese economy reopened
# China #
Beijing Passes Law Allowing Foreign States to Be Sued in China
Under the new Foreign State Immunity Law, foreign state entities locked in a commercial dispute with a Chinese citizen or company may end up in court
China’s Top Academics Told to Toe Party Line With Public Statements
Chinese Academy of Sciences updates code of conduct issued to members to uphold ‘honorary and pure nature of the academician title’
# Opinion #
To Revitalize the Stock Market, Deepening Registration System Reform Is Crucial
Short-term juicing will only help so much as restoring investor confidence requires making progress on the tougher capital market reforms
# Weekend Long Read #
Why Adapting to Climate Change Has Become a Necessity
Jiang Zhaoli, an official spearheading China’s response at the environmental ministry, tells Caixin that adaptation is growing more urgent as extreme weather becomes the ‘new normal’
# Gallery #
Gallery: Tony Leung’s Very Own Golden Lion
# Podcast #
Caixin-Sinica Business Brief: China’s Sweeping Property Rescue
AI specialist SenseTime is laying off more workers after another year of red ink, and Evergrande delays offshore debt restructuring votes at last minute
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