Oct 23, 2021 05:00 PM

Weekly Must-Read: How China’s Housing Market Landed in the Deep Freeze

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

# Cover Story #

How China’s Housing Market Landed in the Deep Freeze

Even as the nation faces a housing shortage, the government is sticking with tough policies to prevent overheating, resulting in plunging house sales and values

# Business #

Exclusive: Alibaba Set to Launch Its Own Cloud Server Chip

Alibaba Cloud’s custom-designed chip, which is based on Softbank’s ARM architecture, seen as a competitive response to the perceived technology advantage of rival Amazon Web Services ’s own line of ARM-based chips

In Depth: The Volatile Cocktail Stirring Up China’s ‘Baijiu’ Market

Weak profit growth and a mania for investment prompted regulators to voice concerns — sending stock prices on a gut-wrenching ride

# Finance #

In Depth: The Wild West of China’s Bond Market That Regulators Want to Tame

Authorities are trying to fix the problems that have made it difficult to correctly value junk bonds, including inflated ratings, implicit government guarantees and the ongoing issues with structured issuances

Exclusive: Seven Investors in Unigroup Takeover Talks

Restructuring of semiconductor giant accelerates as China Electronics and a Shanghai consortium join five bidders shortlisted in June

# Economy #

In Depth: China’s Struggle to Balance Green Goals With Keeping Lights On

This year’s massive power crunch shows the challenge of balancing China’s need for electricity with fighting climate change by slashing coal burning

China’s GDP Growth Slows to 4.9% Amid Power Crunch, Real Estate Woes

The country’s economic expansion lost a step in the third quarter after growing 7.9% in the preceding three-month period


# China #

Full Text: Xi Jinping's Speech on Boosting Common Prosperity

‘To achieve common prosperity for 1.4 billion Chinese people, we must take concrete, long-lasting action, but it does not mean simultaneous prosperity for everyone’

# Opinion #

Editorial: China Should Waste No Time in Ending Dual-Track Power Pricing 

Policymakers needs to abandon the current system in which government planning and market competition coexist as soon as possible

# Gallery #

Olympic Flame Lit for Beijing Winter Games

# Weekend Long Read #

PBOC Chief Yi Gang on How China Regulates Big Tech

The central bank governor explains the country’s policy moves for overseeing fintech, monopolies and data protection

# Books & Arts #

Exhibitions in October: Meet Dunhuang at the Palace Museum, and Immerse Yourself in the Paintings of Van Gogh

Seize the last minute to see the work of Raphael, Dali and Laurent Grasso

# Podcast #

Beijing Opens VPN Services to Foreign Investors

The Chinese capital will allow foreign investors limited access to the tightly monitored service; there’s been some drama brewing in the ‘baijiu’ market; and health authorities try to tackle a multiregion Covid flare-up


Beijing Gets Green Light to Open VPN Services to Foreign Investors

Evergrande Crisis

Heavily indebted China Evergrande Group, one of the country’s largest property developers, is suffering a liquidity crisis after years of running a highly leveraged business. The company’s troubles have already started to reverberate through China’s economy and markets around the world. Read More>>

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