Jun 03, 2022 12:00 PM

Weekly Must-Read: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays


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

# Economy #

In Depth: As Mass Covid Testing Becomes China’s New Normal, Debate Grows Over Who Pays

National Healthcare Security Administration says local medical insurance funds shouldn’t be used for large-scale programs

China’s Manufacturing Activity Shrinks for Third Month Amid Covid Controls, Caixin PMI Shows

The activity reading in May was the same as in March, the second lowest since February 2020 when Covid-19 took hold in China

# Cover Story #

The Covid-Fighting Struggle of China’s Nursing Homes

Living Shanghai resident in a body bag symbolizes deep-seated failures of the country’s nascent system of caring for a burgeoning elderly population

Weekend Long Read: Why China’s Seniors Hesitate to Get Vaccinated

# Business #

Exclusive: Qualcomm Plans to Be in China for the Long Haul

CEO Cristiano Amon says American semiconductor giant can show what U.S.-Sino cooperation can look like despite bilateral tensions

In Depth: China’s Silver Screens Lose Their Luster as Pandemic Grinds On

After years of disruption to theater operations and filmmaking, the country’s movie industry is nearing the brink

# Finance #

In Depth: Behind the Yuan’s Tumble Against the Dollar

The Chinese currency weakened to a 20-month low versus the greenback in mid-May. But where’s it going from here?

Hong Kong Ends Mutual Accounting Recognition Accord With U.S.

Agreement expires at year-end as Chinese and U.S. authorities seek to resolve a long-running dispute over access to Chinese companies’ audit documents

# Opinion #

Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

# China #

In Depth: Millions of China’s Migrant Workers Find Themselves Shunned in Old Age

Laborers over 50 played a key role in the country’s stunning growth over the decades, but they now face a bleak future in which they’re getting cut off from the job market with little or no unemployment support

# World #

Xi Vows That China ‘Will Always Be a Good Friend’ of Pacific Island Countries

Chinese president makes comment in written address to China-Pacific foreign ministers following U.S. President Joe Biden’s Asia tour

# Weekend Long Read #

How Factory Offshoring Will Impact China’s Exports

The structure of Chinese exports is likely to shift over the long term, with growth of low-end product exports slowing, while that of high-tech goods could speed up

# Gallery #

Gallery: Shanghai Released From Lockdown

# Podcast #

Caixin China Biz Roundup: Qualcomm is ‘Committed’ to China

Semiconductor giant says its ambitions for the country are not dented by growing competition and bilateral tensions

Top Stories of the Month

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