The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
Caixin Explains: Why China Set Its 2023 GDP Growth Target at ‘Around 5%’
The new leadership set what many consider to be a moderate goal despite stronger-than-expected economic activity this year and a low base in 2022
Housing Market Slide Slows Amid Signs of Recovery
Plunge decelerates in first two months for developer investments and housing sales as economy rebounds and supportive policies take effect
China’s Financial Industry Regulators to Get Reshuffle of Responsibilities
A new oversight authority, the National Financial Regulatory Administration, is approved at the annual meeting of the national congress
Officials Face Steep Pay Cuts Under China’s Financial Regulatory Overhaul
Salaries of employees of the new watchdog and CSRC could drop by more than 50% as pay grades fall into line with other public servants
China Sticks With Its Central Bank Governor and Finance Minister
The decision to avoid a sweeping leadership reshuffle in both departments comes as the country undergoes a transition to a new administration led by Premier Li Qiang
In Depth: TikTok Walks on Thin Ice Amid Western Security Fears
As the U.S., Canada and the EU torque up pressure and restrictions, ByteDance fights to avoid a government-forced spinoff of its gold mine
LONGi Green Energy to Build $600 Million Solar Panel Plant in U.S.
Chinese solar wafer giant joins manufacturers taking on geopolitical and policy risks to cash in on new American incentives for clean energy factories
In Depth: The Role of China’s Newly Created National Data Bureau
New arm of the NDRC is expected to balance supervision of data with encouragement of the digital economy, accounting for 17% of GDP
China Concludes Central Government Reshuffle With New Vice Premiers, State Councilors
President Xi Jinping on Sunday officially appointed the new officials including Ding Xuexiang, the top-ranked of Premier Li Qiang’s four deputies
China’s New Premier Vows to Support Private Enterprises
Former party chief of Shanghai offers assurances of a market-driven and law-based environment for business, while acknowledging ‘inappropriate discussions’ last year that led to frustrations among entrepreneurs
In Depth: The Remaking of China’s Science and Technology Ministry
Shake-up is intended to refocus the sci-tech ministry on advancing China’s push for technology breakthroughs and self-reliance
Why Did China Revamp Its Overseas IPO Rules?
The new framework’s main concerns include national security and Chinese stocks’ reputation
What Li Yining Taught China About Economic Reform
The legacy of the renowned academic, who died last month, will live on in through his ground-breaking theories and efforts to use private capital to revamp how Chinese enterprises were structured in the post-reform era
Gallery: “Everything Everywhere All at Once” Sweeps Oscars
What’s Going on With Silicon Valley Bank?
Here are some questions and answers to help explain what happened
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