Apr 13, 2018 06:46 PM

The Best Reads of the Week From Caixin

President Xi Jinping on Tuesday promised lower tariffs on car imports, harsher punishment for intellectual property rights violators and a faster financial opening-up, in a speech seen by analysts as an olive branch to U.S. President Donald Trump to ease bilateral trade tensions.

Four popular Chinese news apps, including top news aggregator Jinri Toutiao, have been removed from major mobile app stores — the latest regulatory blow amid the country’s tightening scrutiny over online content.

A second allegation of sexual misconduct has been leveled against Shen Yang, a former professor at Beijing’s prestigious Peking University, who was recently accused of raping a student before she committed suicide 20 years ago.

The government is embarking on a major drive to improve the quality of statistics related to the country’s financial sector as policymakers intensify efforts to curb risks in the economy.

Chinese ride-hailing giant Didi Chuxing plans to use its own platform to enter Mexico this month, marking a break from the company’s global expansion strategy, which usually involves partnering with local players.

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

Xi Promises Car Tariff Reductions, Faster Financial Opening

President didn’t mention trade tensions with U.S, but pledged opening up ‘as soon as possible’


President Xi Jinping delivers a speech on Tuesday at the opening ceremony of the Boao Forum for Asia Annual Conference 2018 in Boao, South China’s Hainan province. Photo: IC

Four News Apps Removed Amid Tightening Content Crackdown

Downloads of mobile news apps have been suspended for between three days to three weeks


Four popular news apps (above) have been ordered to be taken from major app stores. Photo: VCG

In #MeToo Moment, Former Peking University Professor Accused of Rape, Assault

Woman claims Shen Yang, who allegedly raped a student some 20 years ago, groped her chest


The friends and family of Gao Yan (pictured) have said she committed suicide in 1998 after being sexually assaulted by Peking University professor Shen Yang. Shen has denied that he had a sexual relationship with Gao. Photo: Provided by the Gao family

Campaign to Curb Financial Risks Moves Up a Gear

State Council orders creation of national statistics database for financial sector to identify dangers in system


China’s cabinet has ordered that a comprehensive statistical system be built within the financial industry. Photo: VCG

Didi Rolls Into Uber’s Turf in Mexico

Chinese ride-hailing leader decides to go it alone rather than link up with local firm


After a December fundraising round, Didi is now valued at $56 billion. Photo: VCG

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