The Best Reads of the Week From Caixin
The threat of a trade war has become a reality. China has accused the U.S. of “launching the biggest trade war in history” as new U.S. tariffs on Chinese imports took effect.
Chinese aviation-to-financial conglomerate HNA Group rattled capital markets with news that co-founder and Chairman Wang Jian accidentally fell and died during a business trip in France.
One after another, China’s internet giants are growing less enthusiastic about Chinese depositary receipts (CDRs), as the companies struggle to reach an agreement with regulators about how they should be priced under existing market rules.
Mobike has stopped taking deposits from users for its popular bike-sharing platform in an attempt to pedal further ahead of its rivals. New users of Mobike no longer have to put up a 300 yuan ($45.20) deposit, and the platform’s 105 million current users are now eligible to get their deposits refunded.
Hundreds of wastewater ponds, both natural and man-made, are hampering an ambitious plan by Beijing to turn Xiongxian and two bordering counties into a new special economic zone known as the Xiongan New Area. Air pollution and an undeveloped waste-disposal system also are contributing to the problem.
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 email@example.com.
And when you’re done perusing these must-read stories, check out Caixin’s weekly digital magazine.
Wang Jian. Photo: IC
A worker lines up Mobikes at a roadsite parking site in Shanghai on March 2, 2017. Photo: IC
A landfill the size of 14 soccer fields sits next to a road that runs through Anxin county in Xiongan New Area. Photo: Zhou Chen/Caixin
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