The Best Reads of the Week From Caixin

U.S. President Donald Trump announced a plan to slap new annual tariffs on about $60 billion of Chinese imports, further escalating trade tensions between the world’s two largest economies.

China has warned that the U.S. risks dragging bilateral trade relations “into danger” and released a plan to impose taxes on $3 billion of American imports.

China has lifted an interbank interest rate in response to the U.S. Federal Reserve’s raising of its key lending rate in a likely bid to fend off potential downward pressure on the yuan and a possible surge in capital outflows.

U.S-listed tech giants Alibaba Group Holding Ltd. and JD.com Inc. are expected to become the first companies to make secondary listings on the mainland market through the issuance of China Depositary Receipts (CDRs), several sources close to the matter told Caixin.

After months of speculation, Meituan-Dianping, one of China’s largest online services platforms, has rolled out its car-hailing business. Starting last Wednesday, users in Shanghai could hail rides through Meituan’s mobile app, which already offers a range of services such as food delivery, hotel bookings and movie tickets.

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 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

U.S. Slaps Sweeping New Tariffs on China Imports

President Trump says response to ‘out of control’ trade gap will amount to ‘about $60 billion’ a year

U.S. President Donald Trump speaks in the White House on Thursday before signing a presidential memorandum imposing tariffs and investment restrictions on China. Photo: VCG

China 'Prepared' for Trade War, Unveils Response to Trump Tariffs

Beijing says fruits, nuts, steel tubes, pork, recycled aluminum from U.S. likely to be targeted

Workers unload imported soybeans at Jiangsu's Nantong Port on March 9. Photo: VCG

China Follows U.S. in Raising Short-Term Borrowing Costs

People’s Bank of China raises rate for seven-day reverse repo agreements by 5 basis points

The Chinese central bank’s announcement came after the U.S. Federal Reserve on Wednesday raised one of its key interest rates by 25 basis points based on a stronger outlook for the U.S. economy and job market. Photo: VCG

Alibaba, JD.com on Fast Track for Homecoming

Chinese tech giants listed in U.S. markets are expected to trade on the mainland as soon as June

The China Securities Regulatory Commission is working on detailed guidelines for the issuance of China Depositary Receipts, according to a source close to the commission. Photo: VCG

Meituan-Dianping’s Car-Hailing Service Hits Shanghai’s Streets

Rollout pits online platform against incumbent Didi Chuxing

Staring Wednesday, Meituan’s users in Shanghai can hail rides through its app. Photo: IC