China Business Insider - News From Caixin Global

People without proof of vaccination will be banned from venues including gyms and cinemas; a record number of companies apply for IPOs; and why it’s a bleak time to hunt for a job in China’s manufacturing center

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Officials suspended after refusing to investigate 1990 incident; southern China grapples with surging flu cases; and dwindling land sales hit local government revenue hard.

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Plus, Evergrande faces creditor petition for liquidation; Chinese cities cut spending amid economic slowdown; and the latest development in the green energy market.

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Meitu suffers massive losses on Bitcoin, Ethereum bets; Beijing’s plans to give overseas investors greater access to its financial derivatives market; and more bodies recovered after a floating crane sank into the South China Sea.

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City’s new leader sworn into office; local governments to cut spending to stay afloat; and influencer busted for ETF futures trading scam.

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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.

Read the article by Fan Qiaojia and Li Hang: https://www.caixinglobal.com/2022-06-01/in-depth-millions-of-chinas-migrant-workers-find-themselves-shunned-in-old-age-101893459.html

Narrated by Sylvia Franke.

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Encouraging citizens to be brave to fight for justice when they encounter wrongdoings requires a system of trust and protection that will keep them from legal jeopardy. Read the article by Nie Huihua: https://www.caixinglobal.com/2022-06-13/opinion-why-no-bystanders-came-to-the-rescue-of-women-being-assaulted-in-tangshan--101898555.html Narrated by Nandini Venkata.

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How the tussle with ousted CEO Allen Wu unfolded; why Chinese manufacturers are moving to Mexico; and Miniso eyes Hong Kong listing.

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Tourism and airline shares leap after the government eases quarantine requirements; Beijing’s 800 billion yuan plan to boost the economy; and civil servants' salaries get slashed.

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Speculation brews that Beijing might be moving away from ‘zero Covid,’ revised sports law gets tough on dodgy event organizers; and the latest on 5G.

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