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Articles by Caixin Weekly
In the latest issue of Caixin’s weekly magazine: China Gets Serious About Taxing Overseas Income (powered by AI)
Summary: Recently, many Chinese taxpayers, especially those engaged in trading Hong Kong and U.S. stocks, reported receiving messages, calls, and app notifications from tax authorities urging them to self-examine and report overseas income as required by law. For instance, a Shanghai resident, "Xiang Nan," was contacted by a district tax bureau about overseas earnings in 2023 and 2024 and was prompted to declare these profits through the individual income tax app before the June 30 deadline.
In the latest issue of Caixin’s weekly magazine: Will Smart Glasses Lead a New Surge in AI Hardware? (powered by AI)
In the past month, major Chinese tech companies Alibaba and Xiaomi have launched new AI glasses products, signaling a fresh wave of AI hardware innovation. This trend follows a previous surge in AI speakers around 2016, which competed to be the voice-activated entry points for the Internet of Things. Now, the competition has shifted to consumer-grade AI Agent hardware integrated with large generative AI models, reflecting the industry’s push for new interactive devices [para. 1].
In the latest issue of Caixin’s weekly magazine: How a Tycoon Looted the Now-Delisted Jinzhou Port (powered by AI)
Jinzhou Port (600190.SH) was delisted by the Shanghai Stock Exchange on July 25, 2025, becoming the first port company to face forced delisting due to financial fraud. On its final trading day in A-shares, the company’s market capitalization was only 1.261 billion yuan, an 80% decline since investigations began. From 2018 to 2021, Jinzhou Port, driven by profit motives, engaged in bogus trading with seven companies, inflating revenue by over 8.6 billion yuan and profits by nearly 180 million yuan.
In the latest issue of Caixin’s weekly magazine: Can ‘AI Teachers’ Address the Real Pain Points in Education? (powered by AI)
Subject education has rapidly become one of the fastest and most accessible application scenarios for artificial intelligence (AI) in China. Since 2025, various AI-powered educational features such as essay correction, math problem explanation, English speaking practice, and even AI assistants for university entrance counseling have permeated the entire educational spectrum—from K12 and higher education to adult learning.
In the latest issue of Caixin’s weekly magazine: E-commerce Battle Expands Into Online Travel (powered by AI)
The Chinese e-commerce industry’s annual “618” mid-year shopping festival in 2025 unfolded against an intense competitive backdrop, marking a departure from the previous years’ defensive stance. Notably, major platforms expanded their focus to include online travel agency (OTA) services, significantly heightening cross-competition.[para.
In the latest issue of Caixin’s weekly magazine: Indonesia’s Economic Transformation Offers Opportunities for Chinese Companies (powered by AI)
5月末的印度尼西亚最大城市雅加达炎热湿润、偶有阵雨，正从雨季过渡到旱季。 In late May, Jakarta—the largest city in Indonesia—was hot and humid, with occasional showers, as it transitioned from the rainy season to the dry season. 2025年5月24日下午，中国国务院总理李强抵达雅加达，开启对印尼为期三天的正式访问。同作为G20（二十国集团）和金砖国家成员，“中—印尼”双边关系近年来日益紧密。2024年，双边贸易额已达1478亿美元，同比增长6.1%。中国连续12年成为印尼最大贸易伙伴。 On the afternoon of May 24, 2025, Chinese Premier Li Qiang arrived in Jakarta, commencing a three-day official visit to Indonesia.
In the latest issue of Caixin’s weekly magazine: [Weekly Preview] Nippon Steel's $30 Billion Acquisition of U.S. Steel: A Global Response to Chinese Competition (powered by AI)
日本第一大钢铁企业——日本制铁株式会社（Nippon Steel，TYO：5401，下称“日铁”）收购美国钢铁公司（U.S. Steel，NYSE：X，下称“美钢”）的大交易，在经历被否决、起诉美国政府，及至美国总统换届、再谈判和两次国家安全审查一系列波折，历时一年半后最终达成，这一过程备受市场瞩目且结果超预期。 Japan’s largest steelmaker, Nippon Steel Corporation (TYO: 5401, hereafter “Nippon Steel”), finally completed its acquisition of United States Steel Corporation (NYSE: X, hereafter “U.S. Steel”) after a year and a half of twists and turns.
In the latest issue of Caixin’s weekly magazine: How Will Great Wall Motor Break Through? (powered by AI)
中国民营车企三强比亚迪、吉利、长城汽车，正在进入一轮短兵相接的竞逐赛；与此同时，全行业都在围绕产品、价格、品牌、舆论、流量等全方位强竞争。 China's top three private automakers—BYD, Geely, and Great Wall Motor—are entering an intense, close-quarters competition. At the same time, the entire industry is witnessing fierce rivalry across all fronts, including products, pricing, branding, public opinion, and digital traffic.
In the latest issue of Caixin’s weekly magazine: CATL Confronts Challenge of Building Local Factories in Europe (powered by AI)
宁德时代（300750.SZ）持续把筹码押向欧洲市场。 Contemporary Amperex Technology Co. Ltd. (CATL, 300750.SZ) continues to place its bets on the European market. 2025年5月20日，宁德时代正式登陆港交所，募集资金净额达406亿港元（约合人民币372亿元），其中90%的资金将用于匈牙利工厂一期和二期项目建设。 On May 20, 2025, Contemporary Amperex Technology Co. Limited (CATL) was officially listed on the Hong Kong Stock Exchange, raising a net total of HK$40.6 billion (approximately RMB 37.2 billion).
In the latest issue of Caixin’s weekly magazine: What China Should Target in Its 15th Five-Year Plan (powered by AI)
2025年是“十四五”收官之年，下一个五年规划的编制已经进入议事日程。 2025 marks the final year of China’s 14th Five-Year Plan, and preparations for the formulation of the next five-year plan are already underway.
In the latest issue of Caixin’s weekly magazine: How Automakers Are Fighting to Regain Market Share in China (powered by AI)
跨国车企正在奋力回到中国市场舞台中央。 Multinational automakers are striving to reclaim center stage in the Chinese market. 5月6日，通用汽车在华合资企业上汽通用发布“喜报”，上市两周的别克GL8新车型收获订单1万辆。稍早前的4月27日，日产汽车在华合资公司东风日产推出纯电动车型N7，产品上市当晚即宣告订单过万。 On May 6, SAIC-GM, the joint venture of General Motors in China, issued a “good news” bulletin: the new Buick GL8 model garnered 10,000 orders within just two weeks of its market debut.
In the latest issue of Caixin’s weekly magazine: How to Allocate Assets in a Changing, Tumultuous World (powered by AI)
“我很担心的一点是，我们制造了大量的不确定性。”美国微软公司创始人比尔·盖茨2025年5月11日说道。 "One thing I am very concerned about is that we have created a great deal of uncertainty," Bill Gates, founder of Microsoft Corp., said on May 11, 2025.
In the latest issue of Caixin’s weekly magazine: CATL’s Quest to Make Battery Swapping a Growth Driver (powered by AI)
没有人再怀疑宁德时代（300750.SZ）布局换电的决心。 No one doubts Contemporary Amperex Technology Co. Limited's (CATL, 300750.SZ) determination to invest in battery swapping anymore. 2025年4月23日，这家动力电池龙头企业与一汽集团、长安汽车（000625.SZ）、北汽集团、奇瑞汽车等整车公司共同发布十款换电车型；当天，又与广汽集团（601238.SH）签署换电全生态战略合作协议。 On April 23, 2025, this leading power battery manufacturer, together with automakers such as FAW Group, Changan Automobile (000625.SZ), BAIC Group, and Chery Automobile, jointly unveiled ten battery-swapping vehicle models.
In the latest issue of Caixin’s weekly magazine: China’s Brick-and-Mortar Supermarkets Seek a New Path (powered by AI)
美国关税贸易战之下，正在大力推进门店和供应链调改的中国最大本土连锁超市永辉，顺势将外贸供应链纳入视野。 Amid the U.S.-China trade war, Yonghui, China’s largest domestic supermarket chain, which is vigorously advancing adjustments to its stores and supply chain, is now also turning its attention to the foreign trade supply chain.
In the latest issue of Caixin’s weekly magazine: Unresolved Shanghai Auto Show Dispute Reflects Industry Shifts (powered by AI)
距离2025年上海车展开幕不到一个月，主办方地位之争终于落定。 Less than a month before the opening of the 2025 Shanghai Auto Show, the dispute over the organizer's position has finally been resolved. 3月31日，上海市高院作出终审判决，维持一审原判。这意味着中国国际贸易促进委员会汽车行业分会（下称“贸促会汽车分会”）失去了上海车展主办权。2025年上海车展将由上海市国际贸易促进委员会（下称“上海贸促会”）、上海市国际展览（集团）有限公司、中国汽车工业协会等单位主办。 On March 31, the Shanghai High People's Court delivered its final ruling, upholding the judgment from the first trial.
In the latest issue of Caixin’s weekly magazine: Commentary: How Should China Counter Trump’s Tariff War? (powered by AI)
在美国总统特朗普祭出引发全球恐慌的“对等关税”一周后，4月9日他宣布，暂缓对三分之一的美国贸易伙伴实施差异化高关税；接下来90天内，中国以外的贸易伙伴将面临相同的10%对等关税；但在4月10日他签署的行政令中，将对中国的对等关税进一步提高至125%。加上早些时候对中国加征的关税，特朗普1月上任后对中国累计加征的关税已达到145%。 A week after U.S. President Donald Trump unveiled his globally alarming “reciprocal tariff” plan, on April 9, he announced a temporary halt to imposing differentiated high tariffs on one-third of U.S. trade partners. Over the next 90 days, trade partners excluding China will face a uniform reciprocal tariff rate of 10%.
In the latest issue of Caixin’s weekly magazine: How to Navigate the New Global Trade Norm Without the U.S.? (powered by AI)
美国总统特朗普上任满两月，美股非但没迎来期盼中的“美国例外论”，反而出现重挫。相比特朗普初就任时创出的高点位，标普500指数一度下跌10.5%，进入回调区间，以科技股为主的纳斯达克综合指数一度下跌14.3%。美国白宫顾问马斯克创办的特斯拉，股价一度较近期高点下跌超50%。 Two months into President Donald Trump's tenure, U.S. stocks have faced significant setbacks rather than the anticipated "American exceptionalism." Since hitting record highs shortly after Trump took office, the S&P 500 index at one point fell by 10.5%, entering a correction territory, while the tech-heavy Nasdaq Composite index saw a decline of 14.3%.
In the latest issue of Caixin’s weekly magazine: Companies Tighten Budgets, Advertising Market Sees Subtle Changes (powered by AI)
阿里巴巴一名广告业务人士将过去一年的广告行业形容为“冰点”：商家全面缩减预算，现在还能有品牌广告预算的行业大致只有汽车、文旅、快消品、白酒；剩下的行业基本不看好品牌广告，企业经营压力大，都在降本增效。 An advertising professional at Alibaba described the past year in the advertising industry as a "freezing point": businesses have been universally slashing budgets, and now the only sectors that still maintain a budget for brand advertising are automotive, cultural tourism, fast-moving consumer goods, and baijiu.
In the latest issue of Caixin’s weekly magazine: Shanghai Office Tower Engulfed in 20-Year Legal Battle (powered by AI)
国华人寿金融大厦是一栋高近百米，地上24层、地下4层的5A甲级写字楼。它坐落在寸土寸金的上海陆家嘴世纪大道旁，东南毗邻上海期货交易所，西北不远即是著名的东方明珠广播电视塔。 The Guohua Life Financial Tower is a nearly 100-meter-tall, 24-story above-ground, four-story below-ground Grade A office building. It is located next to the prized Lujiazui Century Avenue in Shanghai, adjacent to the Shanghai Futures Exchange to the southeast, and not far from the famous Oriental Pearl Radio & TV Tower to the northwest.
In the latest issue of Caixin’s weekly magazine: Precious Metals Surge as Manufacturing Supply Chains Brace for Turmoil (powered by AI)
“乱世买黄金”的古人经验有了现代版本。 The ancient wisdom of "buying gold during turbulent times" has found its modern version.
In the latest issue of Caixin’s weekly magazine: How to Navigate the New Global Trade Without the U.S.? (powered by AI)
美国总统特朗普上任满两月，美股非但没迎来期盼中的“美国例外论”，反而出现重挫。相比特朗普初就任时创出的高点位，标普500指数一度下跌10.5%，进入回调区间，以科技股为主的纳斯达克综合指数一度下跌14.3%。美国白宫顾问马斯克创办的特斯拉，股价一度较近期高点下跌超50%。 Two months into President Donald Trump's tenure, U.S. stocks have faced significant setbacks rather than the anticipated "American exceptionalism." Since hitting record highs shortly after Trump took office, the S&P 500 index at one point fell by 10.5%, entering a correction territory, while the tech-heavy Nasdaq Composite index saw a decline of 14.3%.
In the latest issue of Caixin’s weekly magazine: Sports Injuries Surge, yet Rehabilitation Poses Challenge to Society (powered by AI)
Sports Injuries Surge, yet Rehabilitation Poses Challenge to Society (AI Translation) 【周刊提前读】运动损伤井喷 治疗与康复却是社会难题 Explore the story in 3 minutes [para. 1] The narrative begins with Wu Xu (a pseudonym), who suffered a torn anterior cruciate ligament in a cycling accident. It took Wu a month and three hospital visits to receive this diagnosis, highlighting the complexities and delays in diagnosing sports injuries in China.
In the latest issue of Caixin’s weekly magazine: The Scientific Challenges to Making Humanoid Robots Smarter (powered by AI)
2025年1月初，一个大箱子被推进雅格布·德莱西奥在意大利米兰的工作室，这是寄自杭州宇树科技有限公司的人形机器人G1。取出箱子里的防撞泡沫，便看到两条银黑色的腿。德莱西奥拽住两条腿拖出整个机器人——它通体坚硬，身姿却很灵活，躯干和髋部之间可以360度旋转。 In early January 2025, a large crate was delivered to the Milan studio of Jacob Delesio. Inside was the humanoid robot G1 from Hangzhou Unitree Robotics Co. Upon removing the protective foam from the box, two silver-black legs emerged.
In the latest issue of Caixin’s weekly magazine: Latest Cover Story | The Great Migration of Global Billionaires (powered by AI)
文｜财新周刊 岳跃 By Caixin Weekly's Yue Yue 要是英国国王查尔斯三世收到这封来信，他可能会有点摸不着头脑。写信的是旅居英国多年的加拿大女富商安·卡普兰·穆赫兰（Ann Kaplan Mulholland）。现年64岁的穆赫兰曾是消费金融公司创始人、真人秀节目明星，据称身家5亿英镑。几年前，她和丈夫花了550万英镑买下一座亨利八世住过的英国乡间城堡，开始了中世纪般的生活。 If King Charles III of the United Kingdom were to receive this letter, he might find himself a bit perplexed. The letter is from Ann Kaplan Mulholland, a Canadian businesswoman who has lived in the UK for many years.
In the latest issue of Caixin’s weekly magazine: How the Fiscal Zero-Based Budgeting Reform Is Progressing Under Pressure (powered by AI)
鉴于国内外环境变化带来的影响将持续向财政传导，财政部在预算报告中作出“2025年财政收支矛盾仍然突出”的判断。如何在重点支出刚性增长的情况下，为经济社会高质量发展提供财政保障，成为各级政府的重点任务。零基预算改革（Zero Base Budget）成为打破支出固化格局的重要途径。 In light of the continuing impact of changes in domestic and international environments on the treasury, the Ministry of Finance has assessed in its budget report that the fiscal revenue-expenditure conflict will remain prominent in 2025.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | Special Report Part 1: The Evolution of Global Supply Chain Decentralization - How Chinese Enterprises Can Adapt When Expanding Abroad (powered by AI)
文｜财新周刊 李蓉茜 罗国平 By Li Rongxi, Luo Guoping, Caixin Weekly 近年来，中国企业在海外的投资建设加速，逐渐显示全球布局的能力；与此同时，全球供应链也向“去中心化”模式加速演变。 In recent years, Chinese companies have accelerated their investments overseas, gradually demonstrating their capability for global strategizing. Meanwhile, the global supply chain is swiftly moving towards a "decentralized" model.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly: When Will Social Security Fiscal Subsidies Peak? (powered by AI)
文｜财新周刊 汤涵钰 周信达 By Tang Hanyu and Zhou Xinda, Caixin Weekly 2024年初，一名东部省份地市人社部门人士接到通知，省财政对城乡居民养老和医保的补助比例从70%降至40%。这次基本公共服务领域共同财政事权省级分担比例的调整着眼省内统筹，不同地区有升有降。 At the beginning of 2024, an official from a human resources and social security department in an eastern province received a notification that the provincial financial contribution to urban and rural residents' pension and medical insurance would be reduced from 70% to 40%.
In the latest issue of Caixin’s weekly magazine: Cover Story: China Plans Fiscal Overhaul to Fix Crisis in Local Government Finance (powered by AI)
在疫情后中国经济缓慢复苏、房地产调整影响土地出让收入连续三年收缩的背景下，财税体制层面如何推进央地财政关系改革，目前仍不明朗，但各界关注正在升温。 Amid the slow recovery of China's economy post-pandemic and a three-year contraction in land transfer revenue due to real estate adjustments, it remains unclear how the fiscal system reform between central and local governments will progress. Nevertheless, interest across various sectors is intensifying.
In the latest issue of Caixin’s weekly magazine: Health Insurance’s Challenge of Balancing Cost Controls and Quality (powered by AI)
医保要控费、企业要利润、患者要服务，似乎构成了医疗行业的“不可能三角”。中国自2018年起开始推行DRG（疾病诊断相关分组）等医保支付方式改革，通过医保控费剑指过度医疗，也缓解了“看病贵”的问题，但医疗质量也引发了社会的担忧。如何破局？ The healthcare industry appears to be grappling with an "impossible trinity"—with healthcare insurance needing to control costs, companies pursuing profits, and patients demanding quality service.
In the latest issue of Caixin’s weekly magazine: [Weekly Preview] A New Round of Fiscal and Tax Reforms: How to Incentivize Local Governments to Focus on the Long Term?Cover Story: China Plans Fiscal Overhaul to Fix Crisis in Local Government Finance (pow
在疫情后中国经济缓慢复苏、房地产调整影响土地出让收入连续三年收缩的背景下，财税体制层面如何推进央地财政关系改革，目前仍不明朗，但各界关注正在升温。 Amid the slow recovery of China's economy post-pandemic and a three-year contraction in land transfer revenue due to real estate adjustments, it remains unclear how the fiscal system reform between central and local governments will progress. Nevertheless, interest across various sectors is intensifying.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | What Does the Isolated Power Supply Mode Mean? (powered by AI)
Exploring the Isolated Green Electricity Network 文｜财新周刊 范若虹 By Fan Ruohong of Caixin Weekly 孤网是指不与大电网相连，完全自给自足的供电模式。电力作为二次能源具有实时平衡、较难存储的特性，因此单一电源会被认为不安全，需要大电网作为“蓄水池”托底。 An isolated grid refers to a self-sufficient power supply system that is not connected to the main power grid. Electricity, being a secondary energy source, needs to be balanced in real-time and is relatively difficult to store.
In the latest issue of Caixin’s weekly magazine: Latest Cover Story | Who Can Harness DeepSeek's Massive Traffic? A New Round of Fierce Competition in Internet Computing Power, Applications, and Services (powered by AI)
文｜财新周刊 刘沛林 屈运栩 关聪 By Liu Peilin, Qu Yunxu, Guan Cong, Caixin Weekly 中国产业界对DeepSeek的响应从蛇年春节延续至今，引发新一轮人工智能（AI）算力、应用、大模型和云服务的竞争。 The response from China's industrial sector to DeepSeek has continued since the Spring Festival of the Year of the Snake, sparking a fresh wave of competition in artificial intelligence (AI) computing power, applications, large-scale models, and cloud services.
In the latest issue of Caixin’s weekly magazine: The Collapse of the First Oat Milk Stock (powered by AI)
Nearly a year after being delisted from the Nasdaq in the United States, Inner Mongolia Yanguifang Eco-Agriculture Technology (Group) Co., Ltd. (hereinafter referred to as "Yanguifang") recently had its criminal case publicly heard in a Shanghai court.
In the latest issue of Caixin’s weekly magazine: For Low-Cost Direct Green Power, Downstream Demand Determines Survival (powered by AI)
“气候转型将重塑全球贸易和供应链，并为发展中国家带来全新发展机遇。” "The climate transition will reshape global trade and supply chains, bringing new development opportunities for developing countries." 在1月22日的瑞士冬季达沃斯论坛上，中国风电龙头企业远景科技集团董事长张雷指出，气候转型带来许多产业新机遇，比如，未来摩洛哥可能成为绿氨原产地，巴西可能成为可持续航空燃油中心；澳大利亚不仅出口铁矿石，还会利用其丰富的可再生能源生产绿氢制造绿色钢铁。 At the Winter Davos Forum in Switzerland on January 22, Zhang Lei, Chairman of China's leading wind power company Envision Group, indicated that the climate transition presents numerous new industry...
In the latest issue of Caixin’s weekly magazine: Standalone Power Networks Disrupt Traditional Grid Models (powered by AI)
孤网是指不与大电网相连，完全自给自足的供电模式。电力作为二次能源具有实时平衡、较难存储的特性，因此单一电源会被认为不安全，需要大电网作为“蓄水池”托底。 An isolated grid refers to a self-sufficient power supply model that is not connected to the main grid. As electricity, being a secondary energy source, requires real-time balancing and is difficult to store, relying on a single power source is considered unsafe. Hence, a large grid is needed as a "reservoir" backup.
In the latest issue of Caixin’s weekly magazine: The Wild Growth of Trillion-Dollar Quasi-Notes (powered by AI)
近期，头部汽车企业的供应链应付账款引发外界关注。以新能源车企龙头比亚迪（002594.SZ）为例，财报显示的应付账款规模从2019年底的225.2亿元，快速攀升至2024年三季度末的2375.19亿元，涨幅近10倍，同期的营业收入涨幅则为近3倍。 Recently, the accounts payable of supply chains for leading automobile companies have attracted outside attention.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | How Corporate Pensions Can Expand (powered by AI)
文｜财新周刊 周信达 By Zhou Xinda, Caixin Weekly 作为保障4.6亿企业职工养老待遇的第二支柱，企业年金已走过整整20个年头，亟待突破瓶颈。 Marking its 20th anniversary, the corporate annuity plan, as the second pillar to ensure the retirement benefits of 460 million employees, urgently needs to overcome its current bottlenecks.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | Local Government Finances Under Strain (powered by AI)
文｜财新周刊 程思炜 By Cheng Siwei, Caixin Weekly 岁末年初，各省份陆续公布了2025年政府“账本”。截至2025年2月14日，已发布数据的30个省份中，海南等四省份2024年一般公共预算收入即狭义口径的财政收入同比下降，26个省份实现同比增长，其中江西等23个省份财政收入增速为个位数，维持在0.2%—6.6%，西藏等三地实现两位数增长。 As the year draws to a close, provinces have successively released the government "ledgers" for 2025.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | Special Report: ByteDance's Advancements (powered by AI)
Caixin Weekly | Special Report: ByteDance's Advancements (AI Translation) 财新周刊｜特别报道：字节进击 Explore the story in 3 minutes [para. 1] At the beginning of 2025, ByteDance is expanding rapidly in China and the United States, confronting a severe situation in nearly 13 years. In the U.S., TikTok faced a temporary shutdown, which ended upon President Donald Trump's intervention. He allowed TikTok to operate on the condition that 50% of its shares be held by American owners within 75 days.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | Special Report: TikTok Faces New Challenges (powered by AI)
文｜财新周刊 杜知航 关聪 包云红 By Du Zhihang, Guan Cong, Bao Yunhong, Caixin Weekly TikTok美国关闭不足14小时重开，刚刚再度上任的美国总统特朗普，给了这家在美国拥有1.7亿用户的超级短视频社交应用75天运营缓冲期。 TikTok Resumes Operations in the U.S. Less Than 14 Hours After Shutdown. Newly Reinstated President Trump Grants the Short-Video Social Media Giant with 170 Million U.S. Users a 75-Day Operational Grace Period.
Cover Story: Is China’s Commercial Space Sector Ready to Blast Off? (AI Translation) 【周刊提前读】深度：中国商业航天进展如何？ “快速失败”能被容忍吗？
[para. 1] On January 23, a Long March 6 modified carrier rocket launched the fourth batch of Qianfan constellation satellites, bringing the Year of the Dragon's total to 72. Qianfan, managed by Yuanxin Satellite and backed by the Shanghai State-owned Assets Supervision and Administration Commission, marks China's second large satellite internet project after the GW Constellation of China Satellite Network Group (China StarNet).
In the latest issue of Caixin’s weekly magazine: Latest Cover Story | Satellite Internet at a Turning Point: The Commercial Space Wave Has Begun (powered by AI)
Latest Cover Story | Satellite Internet at a Turning Point: The Commercial Space Wave Has Begun (AI Translation) 最新封面报道｜卫星互联网迎拐点 商业航天风潮已起 Explore the story in 3 minutes [para. 1] On January 23, the Long March 6A rocket launched the fourth batch of "Qianfan Constellation" network satellites, raising the number of in-orbit satellites in this constellation to 72.
In the latest issue of Caixin’s weekly magazine: What Lies Ahead for the Russia-Ukraine War After the Trump Turn? (powered by AI)
自2022年2月24日至今，俄乌冲突爆发已满三周年。自2022年11月以后，双方交火线再未发生大的变动，但激烈交火从未停止，2024年下半年起，国际社会有关俄乌和谈的呼声渐起，但在俄罗斯与乌克兰各自公布的谈判立场截然相反，而美欧双方仍强调谈判时点将由乌克兰全权决定的情况下，谈判进程同样陷于停滞。 As of now, three years have passed since the outbreak of the Russia-Ukraine conflict, which began on February 24, 2022. Since November 2022, there have been no major changes along the front lines, but intense fighting has continued unabated.
In the latest issue of Caixin’s weekly magazine: Inside Chinese Insurers’ Impressive Earnings (powered by AI)
2024年，得益于资本市场的助力，叠加“报行合一”等降本增效手段，保险业延续了上半年的亮眼业绩。 In 2024, thanks to the support from capital markets combined with cost-reduction and efficiency-enhancing measures such as "reporting and action integration," the insurance industry continued its impressive performance from the first half of the year.
In the latest issue of Caixin’s weekly magazine: Cover Story: Is China’s Commercial Space Sector Ready to Blast Off? (powered by AI)
1月23日13时15分，长征六号改运载火箭将“千帆星座”第四批组网卫星带入太空，“千帆星座”龙年在轨卫星数量定格在72颗。 On January 23 at 1:15 p.m., the Long March 6 modified carrier rocket launched the fourth batch of Qianfan constellation networking satellites into space. The number of Qianfan constellation satellites in orbit for the Year of the Dragon is now fixed at 72.
In the latest issue of Caixin’s weekly magazine: Caixin Weekly | 2025: Beyond Price Wars, the Auto Industry Enters Warring States Period (powered by AI)
文｜财新周刊 安丽敏 By An Limin, Caixin Weekly 2025年中国汽车市场在震荡中开局。新年第一周，汽车以旧换新补贴政策是否延续悬而未决，车企零售量同比、环比剧烈下滑。为了保销量，数十家车企大力促销，除了直接降价，三年贷款免息、限时赠送购车权益等也是主流方式。 China's auto market in 2025 begins amid volatility. In the first week of the New Year, uncertainty looms over whether the car trade-in subsidy policy will be extended, while automakers face a severe drop in retail sales both year-over-year and month-over-month. To maintain sales figures, dozens of automakers are launching aggressive promotions.
In the latest issue of Caixin’s weekly magazine: Latest Cover Story | Personal Debt Solutions (powered by AI)
文｜财新周刊 丁锋 刘冉 张宇哲 By Ding Feng, Liu Ran, Zhang Yuzhe, Caixin Weekly 吴青（化名）在山东青岛经营一家小型服装厂，二三十人的规模，主要是设计、生产和销售针对年轻女性的服装。生意还算不错的2019年底时，他决定追加投资扩张产能，向银行借入30万元个人经营贷。不料，很快新冠疫情暴发，服装厂业务量急剧下降，资金链开始吃紧。其间，吴青又向服装厂追加50万元个人信用贷款，包括银行消费贷、信用卡套现以及网贷，期望能渡过难关。 Wu Qing (a pseudonym) runs a small clothing factory in Qingdao, Shandong, with a size of about twenty to thirty people, primarily designing, producing, and selling apparel for young women.
In the latest issue of Caixin’s weekly magazine: How the ‘Fourth Generation’ of Housing Will Change the Property Market (powered by AI)
贴上“广州首席超新规四代宅”的标签，位于广州南沙区的招商林屿境项目火了。这一项目距离广州CBD珠江新城超过50公里，但从2024年12月中旬样板间开放之后，客流络绎不绝。蓄客仅两周后，项目于12月27日首推开盘“日光”，开发商在2025年春节后紧急加推。 Labeled as "Guangzhou's Chief Ultra-New Generation Residential," the Hillary Lin Yu Jing project in Guangzhou's Nansha district has gained considerable attention. Despite being over 50 kilometers away from Guangzhou's CBD Pearl River New Town, the project has attracted a steady stream of visitors since its showrooms opened in mid-December 2024.
In the latest issue of Caixin’s weekly magazine: Li Shuguang on Personal Bankruptcy: Shortcomings of a Market Economy (powered by AI)
近年来个人债务清理的迫切性愈发凸显，伴随着打着“个贷重整”旗号的债务中介泛滥，“黑灰产”骗局滋生，背后的深层原因是中国个人债务风险管理和化解机制的缺失。在现行法规之下，个贷逾期后难以通过合法途径解决，债务人有时陷入“以贷养贷”或是求助于“私人协商”，甚至试图通过非法渠道“优化债务”，但债务可能反而如雪球一般越滚越大。 In recent years, the urgency of addressing personal debt clearance has become increasingly apparent, paralleled by the proliferation of debt intermediaries touting "personal loan restructuring." These have given rise to scams within the "black and grey industry," underpinned by the lack of mechanisms in China for managing and resolving...
In the latest issue of Caixin’s weekly magazine: Two Golden Eagles: Insights from a Public Interest Litigation (powered by AI)
对一个村庄来说，与金雕共存意味着什么？大多数人不以为意。直到一处房车营地的建设，给村庄引来一桩官司。 What does it mean for a village to coexist with golden eagles? For most, it doesn't seem significant—until the construction of an RV campground brings a lawsuit to the village's doorstep.
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