Caixin
Jul 10, 2021 03:15 PM
WEEKLY MUST-READ

Weekly Must-Read: Four Things to Know About China’s Latest Crackdown on Cryptocurrencies

# Finance #

Four Things to Know About China’s Latest Crackdown on Cryptocurrencies

Regulators have stepped up efforts to crush cryptocurrency trading and are now aiming to wipe out Bitcoin mining in the country

Exclusive: Bond Market Makers Disciplined for Phony Trades

Regulators blast Minsheng Bank, Guosen Securities and Guangdong Nanyue Bank for volume-inflating round-trip transactions in a warning to the market

# Cover Story #

China’s 10-Year Campaign to Nourish Rural School Kids

Remote Du’an county shows successes of ambitious program but also the daunting challenges of rising food and operating costs

# Business & Tech #

In Depth: New Pipeline Network Shakes Up China’s Natural Gas Dynamics

Country’s three energy majors are rushing to formulate and roll out new strategies following last year’s creation of PipeChina

China Tightens Oversight of Overseas-Listed Companies Amid Data Security Concerns

In wake of Didi probe, Beijing vows tougher supervision of overseas listed Chinese companies

# Didi #

China’s Cybersecurity Regulator Orders Didi Removed From App Stores

Ride-hailing giant accused of violating laws and regulations with its collection and use of personal information

Analysis: Didi’s Fate and China’s Overseas Share Sale Policies

Heavy regulatory blows to ride-sharing giant after $4.4 billion U.S. flotation show how foreign-traded Chinese companies are under intense scrutiny at home and abroad

# Economy #

China Commits to Raising Retirement Age as Pension Shortfall Looms

Five-year plan also aims to bolster role of private retirement savings to ward off potential funding crisis

# Chart of the Day #

Chart of the Day: Yuan Again Boosts Its Share of Global Forex Reserves to Record High

Some 2.45% of the world foreign exchange reserves were held in the Chinese currency at the end of the first quarter

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# Opinion #

Its Economy Already Humming, China Has Room to Forge Ahead With Reform

With this year’s GDP forecasts rising, policymakers have the chance to address the structural issues that could impede growth in the years to come

# China #

Spacewalk Successful as Shenzhou-12 Crew Settles Into Life Aboard China’s Space Station

Tiangong station comes with plenty of creature comforts, including separate bedrooms for crew, gym equipment, fully stocked space-food pantry, home entertainment and VR family messaging system

# World #

China Urges U.S. to Reconsider Alleged Visa Denials to Hundreds of Grad Students

Applicants to Harvard, Yale and MIT, many on scholarships, rejected under Trump-era proclamation, state media reports

Gallery: Giant Pandas No Longer ‘Endangered’

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# Weekend Long Read #

Entry to University Is No Longer a Ticket to Privilege in China

A higher education is not enough anymore to secure a desirable city job for rural children, making low-income families less motivated to invest in schooling

# Podcast #

Smell a Rat? How Scientists Got Male Rodents

Scientists say the controversial study could influence reproductive biology research; a soy-milk producer’s shares tumble after it becomes the target of a consumer boycott; and Chinese astronauts complete the country’s second ever spacewalk

Related: Chinese Scientists Defend Research That Got Male Rats Pregnant

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