Sep 24, 2021 05:00 PM

Weekly Must-Read: The Evergrande Crisis

The Caixin Must-Read newsletter brings you the best of our coverage over the past week, handpicked by our editors.

# Evergrande #

Cover Story: How Evergrande Could Turn Into ‘China’s Lehman Brothers’

Collapse of China’s ‘too big to fail’ property development giant could involve $309 billion of debt and set off a financial tsunami affecting millions of people

In Depth: How Evergrande Hid Its Debt

The embattled developer has shown itself to be a master at hiding debt, employing methods such as debt disguised as equity and acquisitions that have yet to be paid for

Caixin Explains: How Evergrande’s Hui Ka Yan Blew Up a $43 Billion Fortune

Tycoon’s wealth has fallen roughly 90% in four years, his property company is drowning in debt and even his soccer club is reportedly looking for a bailout

In Depth: How Evergrande Created China’s Most Valuable Automaker Without Selling a Single Car

A look into the debt-riddled developer’s forays beyond real estate shows how it was able to conjure fictions about itself that it used to spin into gold in the financial markets

In Depth: How a Liaoning Bank Got Sucked Into the Evergrande Vortex

Shengjing Bank’s biggest shareholder is Evergrande, and authorities are probing $15.5 billion of transactions between the property giant and the regional bank

Opinion: What’s the End Game for Evergrande?

Ensuring that the developer can actually finish its ongoing projects will be crucial to safeguarding faith in the property sector and social stability

# Weekend Long Read #

The Headaches Plaguing China’s Exporters and How They Are Hurting Trade

Short supply of raw materials, high commodity prices, rising shipping costs and a labor crunch are likely to stymie trade growth in second half


# Economy #

In Depth: China’s Climate Goals Leave One Province Torn Between Past and Future

Hydropower-rich Yunnan is struggling to balance its longtime role as a source of cheap electricity with aspirations to build up its own manufacturing industry

Regulators Face Balancing Act in Curbing Property Risks, Analysts Say

It’s time for real estate to play a less prominent role in China’s economy, but the Evergrande crisis shows it’s a delicate transition, according to experts

# Tech #

China’s Tighter Tech Laws Could Stymie U.S. Demands for Data Handover, Legal Expert Says

Chinese firms going public in the U.S. could use the new laws to resist regulators’ requests to access sensitive data, Wu Shenkuo says

# Gallery #

Angry Investors Return to Evergrande HQ


# China #

Analysis: China Shifts to Target Those Offering Bribes to Reap Righteous Haul

Bribery takes two and laying more of the blame on criminals who seek to ‘entrap’ party and government officials is more just

Xi Says China Will Not Build New Coal-Fired Power Plants Abroad

In an address to the U.N., the president pledges more support to developing countries for green energy

# World #

Top Chinese Diplomat’s Overseas Trip Focuses on Tighter Collaboration With Neighbors

South China Sea tensions, Belt and Road links and multilateral cooperation were key issues addressed during foreign minister Wang Yi’s visit

ESG & Carbon Goals #

China is witnessing an exponential growth in carbon reduction effort and interest in ESG and sustainable investments. Caixin will bring you a timely update with insights on what is happening in the world’s second-largest economy on climate change, impact investing, green finance and more.

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