The Best Reads of the Week From Caixin
China has announced that it will send a delegation to the U.S. later this month for trade negotiations, after the two countries started imposing tit-for-tat tariffs on goods from each other and Washington tightened controls on investment.
Leading online game operator Tencent Holdings Ltd. has abruptly pulled a popular Japanese-developed title from its platform just days after its release, as the industry struggles under a nearly half-year freeze on approval of all new games.
A military-affiliated company in China’s western Xinjiang region initially failed to repay a 500 million yuan ($73 million) bond, marking the first default of a bond issued by a government-linked investment vehicle.
Li Shuxian, 85, has been imprisoned in November 2016 for “picking a quarrel and making trouble” — a government euphemism for protesting or petitioning. And yet despite recurring health issues and advanced age, she has been repeatedly denied parole, triggering a public outcry, with many condemning the prison authority for being coldhearted.
A Chinese startup is taking flack over its claim that it has created China’s first homegrown web browser, even though a Caixin analysis confirmed online allegations that the software’s code relies on files from Google’s Chrome browser.
These are the five stories that I don’t want you to miss from last week. Please share your comments on the In Focus section and on our other coverage at news@caixin.com.
And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.
Kind regards,
Doug Young
Managing Editor
Update: China, U.S. to Give Trade Talks Another Shot
Analysts say new round of negotiations won’t immediately bear fruit
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Photo: VCG |
Tencent Gets Regulatory Rebuke Over Hit Game
Company removes ‘Monster Hunt: World’ after just five days after receiving numerous complaints
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Tencent did not say if or when “Monster Hunter: World,” which was developed by Japan’s Capcom, might go back on sale. Photo: VCG |
Surprise Default in Xinjiang Raises New Debt Fears
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The Xinjiang Production & Construction Corps (XPCC) is a unique economic and quasi-military organization founded in the 1950s. Photo: VCG |
85-Year-Old Petitioner, in Poor Health, Denied Parole
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Li Shuxian speaks on the phone during a visit by her daughter Guan Guixia in June. Photo: Li’s family |
Update: ‘First Fully Homegrown’ Browser Outed as Based on Google’s Chrome
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Photo: VCG |
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- 2Meituan Enters Open-Source AI Race With LongCat Model
- 3Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million
- 4End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently
- 5Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches
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