Oct 30, 2021 05:00 PM

Weekly Must-Read: Why Chinese Developers’ Offshore Bonds Are So Cheap

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

# Business #

In Depth: Why Chinese Developers’ Offshore Bonds Are So Cheap

As default risks rise, many offshore debt holders are dumping bonds in the real estate sector, driving prices so low that some bargain-hunters are wading in

China’s Property Developers Told to Pay Their International Debts On Time

Foreign-exchange watchdog says it wants advance notice from any company that plans to default

BYD to Raise Battery Price 20% as Lithium Costs Soar

Surging demand for electric vehicles contributes to quadrupling of lithium prices in China this year, putting battery makers in a profit squeeze

# Cover Story #

Blue Sky, Please Send Help!

Volunteer civilian rescue teams join in Henan flood rescues after proliferating across China inspired by the 2008 Wenchuan earthquake

# Economy #

Roundup: China’s Policymakers Offer Soothing Words to Revive Moribund Housing Market

Vice Premier Liu He and PBOC Governor Yi Gang try to restore confidence among buyers, investors and developers

# Opinion #

China Should Stick to Its Guns for Regulating the Housing Market

Using real estate to provide short-term stimulus will neither boost high-quality growth nor support the steady, long-term development of the sector itself

Why China Is Trying Out a Property Tax

Under a new pilot program, the levy may be instituted in regions with particularly unaffordable housing and a good record of tax collection

# Finance #

In Depth: Hong Kong’s Strategy to Break Cayman Islands’ Stranglehold on Offshore Funds

Legislation allowing private equity and venture capital funds to move their domicile from offshore tax havens goes into effect on Nov. 1, the final step in a long-standing plan

# China #

In Depth: Why China’s Injured Gig Workers Often Lose Out in Court

Beijing is mulling a national pilot program to give platform workers occupational injury insurance as court judgments now rarely favor those who don’t have a formal labor relationship with the companies they work for

# Gallery #

China Marks Sanitation Worker’s Day

# Weekend Long Read #

How the Big Four Iron Miners Squeeze Chinese Steelmakers, and What China Can Do

The security of iron ore resources is a crucial strategic issue for China’s steel industry in the next stage of national development

# Podcast #

Don’t Discriminate Against Foreign Businesses, China Warns

Finance ministry reminds local governments to treat foreign businesses fairly; why injured flexible workers often lose in court; and the number of active private tutoring businesses nosedives

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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