The Best Reads of the Week From Caixin

China has toned down its gross domestic product growth target for 2018 to “around 6.5%,” as the Chinese leadership maintains its focus on reining in financial risk and prioritizing quality over speed of its economic expansion.

Nio, a homegrown electric car startup backed by internet giant Tencent, is preparing to raise up to $2 billion through a New York initial public offering (IPO) by year end, a knowledgeable source told Caixin, as it prepares to roll out its first model in the next few months.

Delegates to this year’s two big political meetings in the Chinese capital are urging the central government to spend more on preschool education and child care facilities to address a supply crunch amid a nationwide push for young parents to have a second child.

China’s securities regulator is trying to entice its tech startups and giants to trade their shares at home, in a push that would invigorate the country’s domestic capital markets and boost its new economy sector. One possibility being studied is the introduction of China Depositary Receipts.

A biologically based alternative HIV treatment developed in Taiwan and manufactured in China has won approval from the U.S. Food and Drug Administration, becoming the first such made-in-China drug to receive such approval, its producers said on Wednesday.

These are the five stories that I don’t want you to miss from last week. Please share your comments on The Weekender section and on our other coverage at

And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.

Kind regards,

Doug Young

Managing Editor

China Sets Growth Target ‘Around 6.5%’ for 2018

Premier drops phrase ‘higher if possible in practice’ from this year’s report


Premier Li Keqiang delivered a report on the government's work as the first session of the 13th National People's Congress kicked off Monday morning. Li said the gross domestic product growth target of about 6.5% will ensure that China meets its social development objectives. Photo: China News Service

Electric Car Startup Nio Looks for Turbocharge With $2 Billion IPO

Company backed by internet titan Tencent targeting U.S. listing by year-end: source


The Nio EP9, an electric supercar unveiled in 2016, is exhibited in Beijing on Dec. 15. At the end of last year, Nio announced the first model it will mass-produce, the ES8, a sports utility vehicle. Photo: VCG

In Two-Child China, Legislators Look to End Shortages of Child Care, Preschools

Recent abuse scandals, rising demand after relaxing of family planning law draw attention to long-neglected sector


Kindergartners in Langxi county in Anhui province take part in an outdoor class in February 2017. A proposal at the annual Chinese People's Political Consultative Conference calls for more child care centers and improved teaching, particularly at facilities for children younger than 3. Photo: VCG

China Wooing Tech Companies for Home Listing

Securities regulator weighs changes in rules to encourage those in emerging sectors to trade on domestic exchanges


China's securities regulator visited about 30 tech companies in January to study their operations amid a push to encourage more domestic listings from the new economy sector, sources say. Photo: VCG

U.S. Approves China-Made Biological HIV Drug

FDA gives nod after Trogarzo showed strong results for patients with drug-resistant strains of the virus that causes AIDS


Trogarzo's success marks the first approval for a new biologically-based drug by the FDA this year. Photo: VCG

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