Jul 17, 2021 05:52 PM

Weekly Must-Read: How China’s New Carbon Market Works

# Finance #

Caixin Explains: How China’s New Carbon Market Will Work

The national emissions trading scheme is designed to give companies an incentive to cut their emissions as the country transitions to low-carbon economy

Exclusive: China Resumes Hunt for Investors to Take Control of Anbang’s Remains

Six consortiums are in the running to take a stake in Dajia Insurance, the company created to pick up the pieces of the financial conglomerate seized by the state in 2018

# Cover Story #

How Didi’s Rush to Raise Funds in U.S. Backfired

Ride-hailing giant’s $4.4 billion New York share sale may have run afoul of Chinese national security requirements and regulators’ wish to settle questions before IPO

How SoftBank’s $11 Billion Bet on Didi Turned Sour

Ride-hailing giant’s rush to raise funds in a U.S. IPO may have been driven by pressure from investors eager to cash out some of their $35 billion of equity

The Regulatory Landslide Engulfing Chinese Tech Firms

The latest data security probes may reshape how products are developed for the domestic and overseas markets, experts say

# Business & Tech #

In Depth: Tech Giants Combine to Thrive in Southeast Asia’s Rapidly Consolidating Market

Planned merger of Gojek and Tokopedia to form GoTo highlights the ferocious competition for customers among other sectors leaders Grab and SEA

# Energy Insider #

Electric Vehicle Industry Faces Widening Battery Shortfall

China juices up drive into EV battery swapping centers; the country’s carbon market heads toward $25.9 billion this year; Zijin Mining’s Congo copper project gets going

# Economy #

China’s 7.9% Second-Quarter GDP Growth Falls Short of Expectations

The figure came in below the median estimate for an 8.2% expansion, a sign that the economy’s strong recovery from the Covid-19 pandemic is moderating


# Opinion #

Inflation Is a Global Concern, Not So Much for China

There are four major factors to watch in the second half: growth of exports, recovery of consumer spending, policy tightening and upstream price spikes

# China #

China Plans to Use BioNTech Vaccine as Booster Shot, Sources Say

Drug regulators complete an expert review of a Covid-19 mRNA jab developed by Fosun Pharma and the German pharmaceutical company

In Depth: Relaxed Residency Rules in Yangtze Delta Aim to Poach Talent From Biggest Cities

Some lower-tier cities in eastern China are rolling out the red carpet for highly educated young professionals as the central government urges jobseekers to forsake mega cities for smaller urban areas

# World #

Explosion Kills Nine Chinese and Three Pakistanis on a Bus

China blames a ‘bomb attack’ in Pakistan, but Islamabad cites ‘mechanical failure’ that caused the bus to crash into a ravine

# Gallery #

China Says Goodbye to Crypto Mining


# Weekend Long Read #

A Groundbreaking Architect’s Journey From France to China

Léon Hoa, who helped define modern architecture, decided to return to China in the 1950s, leading to the creation of unforgettable landmarks in Beijing and an unexpected ordeal

# Podcast #

25 Didi Apps Removed

Ride-hailing giant warns of ‘adverse impact’ as China crackdown intensifies; founder steps down as chairman; and the world’s second-largest economy goes on a building spree for battery-swap centers

# Books & Arts #

Art Exhibitions in July: From Raphael to Andy Warhol, and the Last Chance to See Monet

Follow this guide and explore art across countries and history in Beijing and Shanghai

#China Chat #

 What's after Didi?


In the China Chat 07, we discussed the future of China’s internet companies with IT industry expert Hu Yanping and Caixin senior ICT reporter Qian Tong. Click here to know more.

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