The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.
The Herculean Task of Bailing Out Huarong
As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales
Related
Ling Huawei: Huarong Is Nowhere Near Defaulting on Offshore Bonds
ByteDance Workers Take a 20% Pay Hit as Sunday Overtime Ends
While tech giants are under government pressure to ease grueling work schedules, employees worry they’ll be stuck with the same workload for less income
In Depth: Plight of China’s Gig Workers Poses Policymaking Dilemma
The government is walking a fine line between improving working conditions while minimizing the impact of added costs on an industry that employs millions
Exclusive: China’s Fosun Pharma Borrows $300 Million for Covid Vaccines
Loans from Asian Infrastructure Investment Bank and International Finance Corp. will fund expanded mRNA vaccine output and distribution
Related
China Plans to Use BioNTech Vaccine as Booster Shot, Sources Say
Ping An Fintech Unit Denies Offering Bribes to Officials
OneConnect Financial’s shares tumbled after anonymous online report also alleged it had overstated business performance
China Hammers Mobile Gaming Industry With Tough New Limits
Tencent, Bilibili and rivals can’t let kids under 18 play more than three hours on weekends and never on school nights under new rules
Covid Flare-Ups Drag Down China’s Manufacturing Sector, Caixin PMI Shows
Lowest index since February 2020 reflects disruption Covid-19 continues to have on economy
Oxford Analytica: Jerome Powell’s Future as U.S. Fed Chair Is Under Review
The White House is considering whether to give Jerome Powell a second four-year term as chair of the Federal Reserve
Analysis: How Should China Adjust Its Energy Mix to Meet Carbon Reduction Goals?
The key is ending ‘campaign-style carbon emission reduction’ and looking to long-term solutions
Wang Tao: What Does ‘Common Prosperity’ Mean for China’s Policies and Economy?
Reforms expected to support household income growth, increase public services, expand social welfare, adjust income distribution and encourage corporations to play a bigger role in help everyone prosper
It’s Illegal to Make Employees Work 12 Hours a Day, Six Days a Week, Top Court Says
Joint notice with Ministry of Human Resources and Social Security blasts ‘996’ overtime policies, highlighting 10 examples of employer disputes to remind workers of their rights
In Depth: How China Won Its 70-Year Battle With Malaria
While better treatments and improved sanitation were key to reducing the impact of the disease, it was a campaign of rapid, targeted measures that led to its elimination
Stunning Views of Earth From Shenzhou-12
Talking Out the Implications of China’s Great Demographic Reversal
A discussion between two central government officials and the authors of a new book on the domestic economy offers a glimpse into how officials view the country’s demographic challenges
‘996’ Work Schedule Is Illegal, Rules Top Court
Court says the controversial practice is a serious violation of China’s labor law; SenseTime files for a Hong Kong IPO; and education ministry bans Covid vaccination mandates for students
Related
Pinduoduo Reports Second Worker Death as Overwork Debate Rages On
