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Weekly Must-Read: U.S. Sanctions Have Been Bad for Huawei, but Worse for Its Chip Design Unit

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

# Tech #

U.S. Sanctions Have Been Bad for Huawei, but Worse for Its Chip Design Unit

HiSilicon’s share of the global application processor market for smartphones has been bupkis for four straight quarters since April 2022, analyst report shows

# Cover Story #

Fund Manager’s Dark Arts Lift Lid on China’s Debt Mess

One individual gamed the murky system of structured bonds to raise billions for local governments, with regulators now scrambling to eradicate the practice that could help derail the economic recovery

# Finance #

Exclusive: Former Everbright Chairman Tang Shuangning Out of Contact

Sources say Tang and his wife were taken away by authorities on Wednesday

Another Ex-Chairman of China Everbright Group Investigated for Suspected Corruption

Tang Shuangning, who has been unreachable since last week, follows his successor, Li Xiaopeng, in falling under a graft probe

# Business #

Five Things Powering China’s Energy Storage Boom

While planned capacity has grown rapidly, insiders say more pro-market reforms and a sustainable business model are needed

Evergrande Finally Reveals $14.8 Billion Loss

World’s most indebted developer releases long-awaited results for 2022, disclosing it had 2.4 trillion yuan in total liabilities at the end of the year

# Economy #

China’s GDP Grew 6.3% in Second Quarter, Missing Market Expectations

More fiscal and monetary easing measures are expected in the coming months to shore up consumption and important industries such as real estate, say analysts

China Needs More Than Monetary Stimulus to Bolster Flagging Economy, Analysts Say

Central bank cut several key interest rates last month to reduce borrowing costs, but some analysts suspect it won’t have much of an impact in the short term

Charts of the Day: China’s Youth Unemployment Hits Another Record High at 21.3%

June’s figure is more than four times the national jobless rate among all urban workers, and it is expected to climb further as millions of graduates are set to enter the workforce

# World #

China and U.S. Return to Climate Discussions as John Kerry Visits Beijing

Beijing and Washington are resuming talks that were abandoned after Nancy Pelosi’s visit to Taiwan last year

# Opinion #

China to Offer Modest Policy Support for Second-Half Growth Rebound

UBS Investment Bank’s chief China economist predicts further easing for the property market, greater fiscal and quasi-fiscal expansion to boost infrastructure investment, and a small policy rate cut

# Weekend Long Read #

Contradictions, Convictions and Conundrums in the Asian Century

Speaking at Caixin’s Asia New Vision Forum, Singapore’s former U.N. Ambassador Kishore Mahbubani explains just how serious the fraught U.S.-China relationship is for the rest of Asia, and the world

# Gallery #

Gallery: Kissinger Back in Beijing

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.

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