February 15, 2019
Caixin Newsletter
FINANCE
China’s Broadest Gauge of New Credit Hits Record
While Beijing encourages financial institutions to boost lending in an attempt to bolster economy, impact on growth remains to be seen, analyst says
SOCIETY & CULTURE
Gallery: NASA Ends Mars Opportunity Rover Mission
The U.S. national space agency has said goodbye to “Oppy,” its longest-running Mars rover, which wandered the surface of the Red Planet for 14 years until it was incapacitated by an immense dust storm eight months ago
ECONOMY
Update: China’s Factory Inflation Stalls
Producer price index manages 0.1% growth in January, down from 0.9% increase the previous month
BUSINESS & TECH
Alibaba Buys 7.8% Stake in Tencent-Backed Video Site Bilibili
The two companies agreed in December to collaborate in ‘content-driven e-commerce’
BUSINESS & TECH
Volkswagen China Partner’s Sales Plunge in January
SAIC said it sold 14% fewer cars in the first month of 2018 as the economy loses steam
FINANCE
Movers and Shakers: Debt-Ridden Investment Giant Promotes Thai Group Ringer
The biggest moves in China’s financial sector — plus Ningxia’s new vice chair, and a ‘bad bank’ boss’s bigamy charges
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BUSINESS & TECH
China Will Be World’s Main Energy Growth Driver Until 2025, Oil Giant Says
India will likely eclipse China in energy consumption, development midway through next decade but China will remain world’s biggest market until 2040, BP predicts
BUSINESS & TECH
Cancer Drug Costs Slashed, State Council Says
Patients paid 75% less for a basket of 17 cancer drugs listed on government insurance scheme
FINANCE
Ant Financial Buys British Payments Firm WorldFirst
Anticipated deal gives Alibaba affiliate a new foothold in Europe as Chinese payments provider expands global footprint
FINANCE
Pharmaceutical Firm Avoids Default as Guangdong Pressures Customers
Bribery-tarred drugmaker pays $309 million on time after provincial government leans on hospitals to pay their bills, Caixin learned
FINANCE
Operators of ‘Underground Banks’ Which Move Cash Out of China to Face Jail
Illegal foreign currency transactions of over $739,000 punishable by 5 years behind bars
ECONOMY
China Won't Come to the Rescue in Global Iron Ore Supply Crisis
Anti-pollution curbs make Chinese iron ore mines unlikely to boost output in wake of Brazilian dam disaster
POLITICS & LAW
Environmental Crime Arrests Jumped By Half in 2018
Top prosecutor says prosecutions up 18% as authorities push to improve enforcement
POLITICS & LAW
U.S. Should Engage in ‘Smart Competition’ With China: Paper
Washington must change the course of its foreign policy or risk collapse in ties, group of experts urges
OPINION
Andrew Sheng: Artificial Intelligence or Augmented Stupidity?
Competition for an AI edge should not be misused by narrow-minded politicians
OPINION
Opinion: How Public-Private Partnerships Could Make China’s Greater Bay Area More Efficient
Project is chance to both boost nation’s infrastructure and improve how it uses public cash
DAILY CHART
Chart of the Day: Smartphone Shipments Hit Five-Month Low
Domestic brands are weathering the contraction better than their foreign rivals
YOUR BRIEFING
Friday Tech Briefing: Huawei Moves to Placate Poland
Alibaba in talks to buy stake in German wholesale giant, China Unicom shores up 4G
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