Weekly Must Read: China’s Halting Steps to Dial Back ‘Zero Covid’

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

# Cover Story #

China’s Halting Steps to Dial Back ‘Zero Covid’

As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks

# Finance #

In Depth: Why China’s Index Fund Boom Has Been a Bust for Investors

The narrow focus of money managers and their pursuit of hot sectors have left many investors nursing losses

# Business #

Top Tencent Investor Naspers Considers Selling Meituan Shares

South African media giant may cash out its $4.6 billion special dividend stake in the food delivery platform as it funds a massive share buyback of its own

Exclusive: STX Dalian Shipyard Resumes Operation After Hengli Takeover

Idled since 2015, shipbuilding site emerges from bankruptcy as conglomerate Hengli moves to expand its shipping fleet

In Depth: China’s Struggle for Data Security

Organizations from hospitals to police departments are accumulating vast amounts of personal information, but these huge stores are often poorly guarded, making them honey pots for hackers

# Tech #

Tencent Wins New Game License After 17-Month Drought

Authorities clear 70 new game titles amid shrinking market as state media’s tone shifts away from ‘spiritual opium’ and declares the industry technologically important

# Economy #

Henan City Buys 1,050 Evergrande Flats for Affordable Housing

Purchase by city of Kaifeng aims to expand local subsidized housing supply while bolstering the ailing property market

# 2022 Caixin Summit #

China’s Growth Is ‘Too Slow,’ Says Top State Economist

Yang Weimin, a member of the country’s top political consultative body, said high-quality growth must be kept in an ‘appropriate range’

China Should Set GDP Target of No Less Than 5% for 2023, Top State Economist Says

Liu Shijin, a member of the top political consultative body, said momentum was building for a turnaround next year after a slowdown in 2022

# Chart of the Week #

China’s Rich Are Getting Richer

Chinese households entering the ranks of ‘high-net-worth families’ rose 1.9% last year to 2.1 million, with their aggregate wealth growing 27%, according to a new Hurun report



 

# China #

In Depth: What’s Next for China’s Covid Vaccine Strategy?

Low take-up of first booster doses and a lack of more effective vaccines are the challenges to bolstering immunity, experts say

China’s Birth Rate Plumbs Low Not Seen in Decades, Government Reports

Latest statistical yearbook says that 10.6 million people were born in China in 2021, the lowest since 1961

# World #

China and U.S. Defense Chiefs Agree to Keep Lines of Communication Open

Defense Minister Wei Fenghe told his American counterpart that Beijing values relations between the two countries, but Washington must respect its core interests

# Weekend Long Read #

How China’s ESG Policy Is Progressing

The Chinese market still enjoys considerable room for growth, and top-down policies remain the most important force driving development of the sector

# Gallery #

Gallery: Unique Venues for the Beautiful Game



 

# Podcast #

Caixin-Sinica Business Brief: Xi Calls for Improved Ties With U.S., Japan

China’s property sales remain sluggish despite government efforts, Tencent wins new game license after 17-month drought, and Alibaba posts surprise loss amid crisis in consumer confidence

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