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 firstname.lastname@example.org.
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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- 2The World According to China’s No. 1 Travel Agent
- 3Opinion: How Did China Leapfrog Everyone in E-Commerce?
- 4 Biotech Firm BGI Denies Accusations of Property Development, Bribery
- 5China Urges American Companies to Help End Trade War
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas