Sep 02, 2022 04:03 PM

Weekly Must-Read: Washington’s Drive to Hobble Chinese Chipmaking

The CHIPS and Science Act of 2022 was signed by U.S. President Joe Biden on Aug. 9. Photo: VCG
The CHIPS and Science Act of 2022 was signed by U.S. President Joe Biden on Aug. 9. Photo: VCG

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

# Business #

Caixin Explains: Washington’s Drive to Hobble Chinese Chipmaking

A new law that could force chipmakers to choose between the U.S. and China is just the latest effort to keep the Asian giant from moving up the semiconductor supply chain

American Companies Cite China’s Covid Controls as Top Challenge

U.S.-China Business Council survey finds that 96% said policies hurt business and half said they altered investment plans, though almost two-thirds reported profit gains

# Cover Story #

Breaking the Ice in the China-U.S. Audit Standoff

How a preliminary accord between regulators could help keep as many as 200 Chinese stocks worth over $1.5 trillion trading in the U.S.

# Economy #

In Depth: As Growth Slumped, Covid Determined Whether China’s Regions Fared Better or Worse

The national economy grew just 0.4% in the second quarter, with coronavirus lockdowns the main culprit

Top Officials Fan Out Across China to Fend Off a Slowdown

Central Bank Governor Yi Gang and other ministry chiefs lead teams to 10 provinces to supervise the State Council’s pro-growth policies

# Finance #

China to Issue $29 Billion of Special Loans to Finish Housing Projects

Amid spreading mortgage strike over paid-for but undelivered units, three policy banks will dole out credits for local authorities to push project completion

In Depth: Why Chinese Companies Hesitate to Hedge Forex Risk

The central government has been trying to get more foreign-trade firms to protect themselves in the face of this year’s swings in the yuan exchange rate, but companies have reasons to be reluctant


# Tech #

China Charts Course for Self-Flying Cars

Published by the Civil Aviation Administration, the plan provides a peek at how policymakers expect the country’s unmanned aerial passenger vehicle industry to evolve over the next decade

# Opinion #

Winter Is Coming to China’s Tech Sector

Dire outlook articulated by Huawei’s Ren resonates in a sector buffeted by American sanctions, Chinese regulators and declining demand

# China #

Four Things to Know About China’s Power Crunch

A record heat wave and drought have sapped hydropower generation, dragging on the economy and forcing a rethink of future electricity supplies

Macao Expands mRNA Vaccine Access to Mainland Tourists

People from the Chinese mainland travelling to Macao on tourist visas can get BNT162b2, also known as Comirnaty, for $125

Communist Party’s 20th National Congress to Kick Off on Oct. 16

The congress will take stock of the party’s work over the past five years, as well as the valuable experience of Central Committee with ‘Comrade Xi Jinping at its core,’ Xinhua reported

# Weekend Long Read #

A Little-Known Chinese Cancer Village in Houston

When treatment options run out in China, some patients turn to the U.S., were clinical trials unavailable at home offer a potential and affordable lifeline

# Gallery #

Gallery: Central China Lake Is Drying Up


# Podcast #

Caixin China Biz Roundup: 234 Arrested in Henan Banking Scandal

The latest on the multibillion-dollar swindle that shook the nation

Top Stories of the Month

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