This week on the Caixin-Sinica Business Brief: A senior executive has left ByteDance, the company behind TikTok after his hardware initiatives were unsuccessful; a knife attack in a Shanghai hospital results in multiple injuries to hospital staff; Hong Kong eases some COVID control measures; an iron ore mining project in Guinea is once again on hold after the Chinese and Guinean sides fail to come to an agreement; and a major Chinese contract manufacturer for smartphones plans a public listing. In addition, we speak with Caixin Global podcast producer Nandini Venkata about a worrying outbreak of the flu — yes, the flu, not COVID — in South China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: Xi Jinping swears in Hong Kong's new chief executive, John Lee, and says that Hong Kong must be governed by "patriots;" a Hong Kong investor sues to have embattled developer Evergrande liquidated; China is on track to increase coal production by 200 million tons in 2022; and Chinese cities reduce spending for the second half of the year amid economic slowdowns and fiscal shortfalls. In addition, we speak with Manyun Zou about China's green energy trading market. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: The USTR is still wavering on easing tariffs as Katherine Tai sees tariffs as "leverage" against China; Xi Jinping calls economic sanctions a "double-edged sword" in his opening speech at the BRICS Summit; TikTok's Chinese sister company Douyin wins rights for digital broadcast of the World Cup; and EV maker NIO responds after two people are killed when one of its pilot cars crashes through a wall at a parking garage and plummets three stories. In addition, Nandini Venkata, Caixin Global's podcast producer, joins Kaiser to discuss the scandal in Henan over abuse of the COVID health code app. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: China’s top regulator quashes rumors of a revived Ant Group IPO; the debate over IVF for single women in China heats up; China’s defense minister Wei Fenghe spits some fire at the Shangri-La Dialogue; and new COVID outbreaks threaten openings in Shanghai and Beijing. In addition, we speak with Caixin Global financial reporter Yukun Zhang about mass COVID testing, one of the main weapons in China’s anti-COVID arsenal. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: A kerfuffle in China over images in textbooks; the chairman and CEO of a financial services company faces a two-year ban on securities trading; the numbers are down again this month as Shanghai and other Chinese cities emerge from lockdown; EU says that China will take advantage of Russia’s energy woes; and a bit reshuffle at Ant Financial. In addition, we speak with Caixin Global podcast producer Nandini Venkata about Amazon’s decision to pull one of its most popular products — the Kindle, and the Kindle bookstore — out of China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: USTR Katherine Tai is still not saying whether the Biden administration will lift some tariffs on Chinese goods; Chinese companies listed in the U.S. face a November deadline to resolve the longstanding audit issues; Luckin Coffee reports its first-ever operating profit; Airbnb checks out of China; and Beijing targets stimulus at airlines and consumers in hopes of reviving an economy clobbered by COVID lockdowns. We also speak with Nandini Venkata, Caixin Global's podcast producer, about the difficulties of traveling out of Shanghai as lockdowns appear to come to an end. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: Ridesharing giant Didi Global says it will not complete a cybersecurity review before its pending delisting from the NYSE; Hong Kong authorities bust a money-laundering scheme; and Joe Biden dangles the possibility of dropping Trump-era tariffs, even as Beijing bridles at changes to the language on a State Department “fact sheet” on Taiwan. In addition, we speak with Caixin Global podcast producer Nandini Venkata for an update on China’s COVID-19 outbreak and unpopular lockdowns, as well as the latest on mRNA vaccines. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: The Beijing leadership doubles down on its controversial “Dynamic Zero-Covid Strategy”; foreign companies feel the pinch from the Covid lockdowns, especially in logistics, according to a new European Union Chamber of Commerce survey; China’s regulators appear to back off a bit from their ongoing crackdown on China’s fintech sector; the Asian Games, scheduled to be held in Hangzhou, have been postponed; and China’s central bank extends a $15 billion credit line to fire up the coal sector. In addition, we speak with Caixin Global podcast producer Nandini Venkata about the horrifying story now making the rounds on the internet of an elderly woman mistakenly believed to be dead and zipped into a body bag at an elderly care facility. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: Beijing scrambles to control a COVID-19 outbreak in the capital, undertaking mass testing; leading commercial drone maker DJI suspends operations in both Russia and Ukraine; asset management companies report soaring profits — as do makers of COVID test kits; and three Chinese nationals are dead after an apparent suicide attack at a Confucius Institute in Karachi. In addition, we speak with Caixin Global podcast producer Nandini Venkata for the latest in the case of Richard Liu, the founder of e-commerce giant JD.com, who was acquitted of rape charges but is being sued for damages by the original plaintiff, who claims that Liu assaulted her in September of 2018 in Minneapolis, Minnesota. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
This week on the Caixin-Sinica Business Brief: The lockdown in Shanghai continues as residents scramble to find sources of food and officials move against price gouging; the intercity logistics sector feels the pinch of the lockdowns, according to new research; TSMC sees revenues and profits growing healthily amidst huge demand for chips; the head of a joint ICBC-Goldman Sachs fund steps aside amidst speculation that he may be implicated in the investigation of two of his employees; and China — the world’s largest importer of crude oil — will be paying through the nose as energy prices soar. In addition, we speak with Caixin Global financial reporter Yukun Zhang about the fate of NFTs in China. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.