Editor’s Picks: Holiday Travel Gets Squashed, as Miner Rescue Lights Up Social Media
Travel is in the air as we move closer to the Lunar New Year holiday, usually the time of what is considered the biggest annual migration on the planet. Or not. Check out our latest coverage for a look at how Beijing is playing the spoiler for millions of Chinese annual family reunions. Meantime, our coverage on what to look for under the administration of new U.S. President Joe Biden marches on with takes on everything from the potential reopening of shuttered consulates to the lifting of some of Donald Trump’s high-tech bans. And if politics and human migrations aren’t your thing, maybe we can warm your heart with our coverage of a mining accident and subsequent rescue that captivated China for the better part of two weeks.
— Doug Young, managing editor
Whither U.S.-China relations?
My weekly best picks begin with our cover story, which gives the Caixin view on the many challenges facing Joe Biden and how he’s likely to tackle them.
Still on Biden but closer to China, these remarks by the country’s ambassador to the U.S. also shed some light on how a diplomatic thaw could progress between the world’s two biggest economies.
And this call from a major industry group to lower some of Trump’s many high-tech bans sheds some light on challenges U.S. companies are facing and how Biden might move ahead.
Banking cleanup marches on
This story shines a spotlight on the numerous signals coming from the banking regulator that indicate a cleanup of the underregulated private financial sector is still at the top of its list in 2021.
Speaking of cleanup, no week would be complete without the latest default news, this week coming from an SOE in financially challenged Guizhou province.
And on a more upbeat financial note, foreign investors will soon be able to partake in the bounty of China’s go-go high-tech STAR Market through the program linking the Hong Kong and Shanghai stock exchanges.
Travelers, take note
The Lunar New Year is typically China’s busiest travel period as hundreds of millions take to the road to go home for family reunions. But read how this year Beijing is putting a damper on many plans in a bid to prevent new coronavirus outbreaks.
Meantime, the shakeup in global travel trends unleashed by the pandemic has led an unlikely candidate here in China to emerge as the world’s busiest airport in 2020.
And speaking of air travel, find out how one person discovered traveling during the pandemic can be hazardous to your legal health if you fail to disclose Covid symptoms before getting on the plane.
Finally, anyone in search of a nice feel-good story should check out this item from our “Trending in China” series, which looks at the warm online reception received by a group of gold miners who were rescued after being trapped underground for two weeks.
And if that’s not enough, here are links to some of Caixin’s other must-reads from the past week.
# Finance #
# Business & Tech #
# Weekend Read #
# Podcast #
- 1Cover Story: How China’s Housing Market Landed in the Deep Freeze
- 2Tech Insider: Xiaomi Bulks Up, Huawei Sprawls
- 3Baoneng Auto Unit Defaults on $434 Million Trust Loan
- 4Shenzhen Becomes First Chinese Mainland City to Sell Offshore Bonds to Foreign Investors
- 5Six Things to Know About China’s ‘Southbound Bond Connect’ Program
- 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