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China Business Digest: Luckin Confirms $300 Million Sales Reporting Fraud, Pinduoduo Names New Chief as Founder Steps Down

fraud began in April 2019, a month before Luckin’s initial public offering in the U.S. Pinduoduo
Beijing Covid-19 Resurgence: Your Questions Answered

on a controversial study published by a group of Cambridge University researchers in April. Other
China Suspends Debt Repayments for 77 Developing Countries Battling Covid-19

coronavirus pandemic, a senior Chinese diplomat said on Sunday. Chinese Vice Foreign Minister Ma Zhaoxu
China Business Digest: U.S. Stocks Recoup 2020 Losses; New Details on Hainan Free-Trade Port

yuan for such products in all of April. China suspends debt repayment for loans to world’s poorest
How Coronavirus Could Deepen China’s Gap Between Urban and Rural Education

China’s yawning rural-urban development gap. According to a report published in April by the
In Depth: Should China’s Central Bank Buy Treasury Bonds?

the deficit rather than borrowing money by issuing bonds, said Ma Jun, director of the Center for
Caixin Insight: Economists Fight Over the Money Printer

given the strong opposition from those like monetary policy committee member Ma Jun. But a new document
Softbank Taps Alibaba Stake to Raise $11.5 Billion After Huge Loss

complete an IPO last year. Earlier on Monday SoftBank said Jack Ma, the Alibaba Group Holding co-founder
SoftBank to Sell Alibaba Stake as Fund Losses Mount, Ma Quits Board

Alibaba founder Jack Ma will step down from the board of SoftBank Group next month after serving
China Business Digest: Wuhan Ramps Up Testing, Sluggish Property Market Stirs Back to Life

, based on total floor space, dropped 2.2% year-on-year in April, according to official data. That