The Caixin-Sinica Business Brief, episode 40

03/12/18 • 14 min

Welcome to the 40th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week, we learn about the latest data on China’s exports, which hit a three-year high in February, greatly surpassing market expectations. We note China’s determination to take “powerful” measures to defend its interests against the tariffs on imported steel and foreign-made aluminum issued by Trump last week. We explore why delegates to this year’s two big political meetings in Beijing are urging the central government to spend more on preschool education and childcare facilities. We discuss how Chinese regulators are targeting social media accounts that are used by cryptocurrency exchanges to continue reaching Chinese investors despite being banned on the mainland six months ago. We hear that outbound travel from China hit another record last year due to rising incomes, favorable exchange rates, and easier visa processes. We find out that Foxconn Industrial Internet, a unit of the world's largest contract electronics manufacturers, which assembles Apple's iPhones, won speedy approval for its IPO in China. In addition, we talk with Doug Young, managing editor of Caixin Global, about Chinese stock market trends in general and some recent IPO-related stories. We’d love to hear your feedback on this product. Please send any comments and suggestions to [email protected]. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Previous Episode

The Caixin-Sinica Business Brief, episode 39

Welcome to the 39th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week, we learn about how one of the biggest donkey-hide supplement makers in China lost millions of dollars due to a dustup over the potency of the traditional Chinese medicine. We discuss the news that the Chinese government has suspended the distant-water fishing activity of a company involved in a shark-smuggling case near Ecuador. We hear that leading Chinese online video site iQiyi has filed an IPO in New York, seeking to raise up to $1.5 billion. We study some new guidelines released by China’s top prosecutor, which aim to curb the misuse of psychiatric hospitals by police and hospital managers to incarcerate political dissidents, activists, and petitioners. We explore how China’s metals industry lashed out against U.S. President Donald Trump’s plan to impose tariffs on two metals that China exports to the U.S. in large quantities. We note that China’s movie theaters have smashed the monthly box office record for a single market, taking in $1.6 billion in February, thanks to the success of domestic blockbusters during the weeklong Lunar New Year holiday. In addition, we talk with Doug Young, managing editor of Caixin Global, about Chinese phone maker Xiaomi’s prospects for its expected IPO and China’s private conglomerate CEFC China Energy, whose founder and chairman has been placed under investigation. We’d love to hear your feedback on this product. Please send any comments and suggestions to [email protected]. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Next Episode

The Caixin-Sinica Business Brief, episode 41

Welcome to the 41st installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors. This week, we learn about a sweeping plan approved by the National People’s Congress of China, the country’s legislature, to tackle a series of issues such as slow economic growth, environmental degradation, and market volatility. We discuss a recent study that found that 90 percent of Chinese mobile apps offering personal financial services have flaws in their privacy policies that may put consumers’ information at risk. We hear that the U.S. Chamber of Commerce has warned the Trump administration about a proposed move to impose steep tariffs on Chinese imports. We note that an amateur car racer in China found he lost control of his Mercedes-Benz after his vehicle got stuck in cruise control at 120 kph (75 mph). We are informed of good news from bike-sharing leader Ofo that it has secured nearly $900 million in its latest fundraising round. In addition, we talk with Jing Xuan Teng, business reporter for Caixin Global, about the retirement of Li Ka-shing, one of East Asia’s business titans. We also have a conversation with Doug Young, managing editor of Caixin Global, about Leshi, the debt-ridden company whose shares plunged sharply after the resignation of its chairman, and China’s plan to test commercial-quality 5G wireless services next year. We’d love to hear your feedback on this product. Please send any comments and suggestions to [email protected]. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.