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This week on the Caixin-Sinica Business Brief: China’s central bank rebukes Evergrande but tries concerns over contagion from its massive debt crisis; prices soar in China for lithium, a key component of batteries for electric vehicles; European businesses ask for clarity in power policy amid shortfalls and rationing; the U.N. Biodiversity Conferen…
 
This week on the Caixin-Sinica Business Brief: Food delivery giant Meituan has been fined over half a billion dollars by China’s antitrust regulator; Beijing dangles unprecedented access to its enormous domestic market if it’s allowed to join the CPTPP; concerns over contagion from the Evergrande crisis loom; box office rebounds dramatically over G…
 
This week on the Caixin-Sinica Business Brief: Huawei CFO Meng Wanzhou returns to China; Huawei budget smartphone brand Honor recovers market share; Beijing cracks down hard on cryptocurrencies, effectively banning all crypto activity; embattled conglomerate HNA’s chairman and CEO both detained in China; questions emerge over banks with exposure to…
 
This week on the Caixin-Sinica Business Brief: U.S.-China tensions rise over Taipei’s move to change the name of its representative office in the U.S.; Apple offers its latest smartphone at a price it hopes will grow its share in China; Stanford faculty call for an end to the U.S. Department of Justice’s controversial “China Initiative” over ethnic…
 
This week on the Caixin-Sinica Business Brief: Major Chinese tech companies are ordered to do more to protect gig workers; Xi Jinping and Joe Biden speak by phone for the second time since Biden’s inauguration; Germany’s ambassador to China, Jan Hecker, dies tragically after just two weeks on the job; Fujian health authorities mobilize after new CO…
 
This week on the Caixin-Sinica Business Brief: Chinese online game companies wonder whether new rules may mean it’s game over soon; the entertainment sector is ordered to rid itself of unethical or unpatriotic celebs, and take “sissy men” off the air; ride-hailing companies are ordered to clean up their act; global warming pow-wow between John Kerr…
 
This week on the Caixin-Sinica Business Brief: China’s UN ambassador calls on the WHO to investigate Fort Detrick and the University of North Carolina for alleged “lab leaks,” apparently in reaction to U.S. allegations of a leak at the Wuhan Institute of Virology; the epidemiologist known as “China’s Dr. Fauci” has been cleared of academic fraud al…
 
This week on the Caixin-Sinica Business Brief: The White House announced retired career diplomat Nicholas Burns as President Biden’s latest nomination for U.S. ambassador to China; China’s top transport authority called on ride-hailing firms to cap the commissions they take from drivers and disclose them publicly; and according to Xinhua, China’s t…
 
This week on the Caixin-Sinica Business Brief: Beijing banned primary and middle schools in the capital from using overseas textbooks; the Cyberspace Administration of China launched a national crackdown on illegal surveillance, resulting in tracking down 25,000 illegal webcams' access permissions and confiscating 1,500 sets of covert listening dev…
 
This week on the Caixin-Sinica Business Brief: After Beijing announced strict new rules, China’s biggest private education companies said they are no longer offering Chinese students tutoring services led by staff who are not in China; Chinese gaming companies’ shares plunged due to a looming clampdown on the gaming sector after another state media…
 
This week on the Caixin-Sinica Business Brief: The U.S. Securities and Exchange Commission will now require additional disclosures from Chinese companies seeking to sell stock in the United States; Tesla lowered the price of its Model 3 electric cars in China by 15,000 yuan ($2,320) because of reductions in production costs; and China’s former Comm…
 
This week on the Caixin-Sinica Business Brief: China unveiled its self-developed maglev train capable of traveling up to 600 kilometers per hour; shares of Chinese education firms collapsed in New York after the Chinese government issued sweeping new regulations to restrict after-school tutoring services; and the State Council released supportive m…
 
This week on the Caixin-Sinica Business Brief: China Southern Airlines will be the first Chinese airline to test a COVID-19 vaccine “passport” in the form of a mobile app; EHang’s flagship autonomous passenger drone has won approval for firefighting; and U.S.-based company Beyond Meat is launching an online store on one of China’s largest ecommerce…
 
This week on the Caixin-Sinica Business Brief: Huawei CFO Mèng Wǎnzhōu 孟晚舟 is denied a request to admit bank records as evidence in her legal battle against extradition to the United States; Tencent adopts a facial recognition system to prevent minors from playing its online games during the night; and Meituan plans to trial food deliveries by dron…
 
This week on the Caixin-Sinica Business Brief: American brokerage Morgan Stanley downgraded China’s real estate sector; The Caixin China General Services Business Activity Index falls to the lowest rate since April 2020; and the Sinovac Biotech COVID-19 vaccine has been found to be safe and effective for children as young as three years old. In add…
 
This week on the Caixin-Sinica Business Brief: A new report shows that companies from China are growing in global esteem; Chinese short-video company Kuaishou wins broadcasting rights for the Tokyo 2020 Olympics and the Beijing 2022 Winter Olympics; and Apple Daily, one of Hong Kong’s most popular newspapers, printed its final edition last week. In…
 
This week on the Caixin-Sinica Business Brief: Reports show that China’s Sichuan Province plans to shutter all bitcoin mining operations in the region; Huawei Technologies has extended a recent move into the high-tech microchip sector with a new investment in high-powered lasers; and the Australian trade minister has announced he will refer China t…
 
This week on the Caixin-Sinica Business Brief: The Chinese embassy in the United Kingdom has criticized a statement made by leaders of the G-7; Tech giant ByteDance is now aspiring to become a technology supplier for companies hoping to digitize; and a Hong Kong-based tech startup has created a robot that uses artificial intelligence to diagnose pa…
 
This week on the Caixin-Sinica Business Brief: China adjusts its family planning policy to allow people to have up to three children; Tencent’s cloud computing arm adds four new internet data centers in Thailand, Germany, Japan, and Hong Kong; and 11 Chinese tutoring companies are fined by the country’s marketing regulator for false advertising and…
 
This week on the Caixin-Sinica Business Brief: In an effort to reduce energy consumption, China’s Inner Mongolia Autonomous Region prepares to crack down on bitcoin mining; a new study analyzes the potential environmental impact of 5G technologies; and China’s yuan surges to a three-year high against the U.S. dollar. In addition, we speak with Nand…
 
This week on the Caixin-Sinica Business Brief: Twenty-one marathon runners die in a storm in northwestern China; ByteDance co-founder Zhāng Yīmíng 张一鸣 announces that he will step down as CEO of the company; and Yuán Lóngpíng 袁隆平, the “father of hybrid rice,” passes away at age 90. In addition, we speak with Caixin Global financial news reporter Tim…
 
This week on the Caixin-Sinica Business Brief: China purchases a record 1.36 million metric tons of corn from the United States; according to China’s General Administration of Customs, exports rose by 32.3% year-on-year in April; and the Sinopharm vaccine receives approval for emergency use by the World Health Organization. In addition, we speak wi…
 
This week on the Caixin-Sinica Business Brief: Tesla finds itself under pressure from Chinese regulators to share vehicle data with a passenger; China’s top health authority launches an investigation into medical malpractice after a whistleblower reveals widespread misconduct in the treatment of cancer patients; and ByteDance turns away from a near…
 
This week on the Caixin-Sinica Business Brief: First-quarter profits from China’s centrally administered state-owned enterprises are up 31% from the same period in 2019; an industry report shows that China became the world’s largest buyer of chip equipment in 2020; and the Hong Kong government announces that Chinese mainland residents can begin to …
 
This week on the Caixin-Sinica Business Brief: The U.S. Senate directs the U.S. government to adopt a policy of “strategic competition” with China; ecommerce giant JD.com and Visa have agreed to jointly launch an online merchant subsidies program; and Inner Mongolia sets the stage to decrease the region’s production capacity of steel, coking coal, …
 
This week on the Caixin-Sinica Business Brief: Semiconductor prices continue to rise; the fintech arm of Chinese ecommerce giant JD.com withdrew its application for an IPO in Shanghai; and China’s central bank begins cross-border tests of the virtual yuan. In addition, we speak with Caixin Global podcast producer Nandini Venkata, who tells us about…
 
This week on the Caixin-Sinica Business Brief: China imposes sanctions on nine British individuals for “spreading lies and misinformation” about labor conditions in Xinjiang; Foreign residents aged 18 and above will be able to receive China-made COVID-19 vaccinations in Beijing; and a state-owned offshore oil and gas producer reports a 59% decrease…
 
This week on the Caixin-Sinica Business Brief: China and the new U.S. administration under Biden finish their first face-to-face meetings in Alaska; Pinduoduo’s chairman announces his departure from the company; and Beijing and Shenzhen begin a trial program to manage multinationals’ cross-border use of funds. In addition, we speak with Caixin Glob…
 
This week on the Caixin-Sinica Business Brief: Foreign nationals are slowly being allowed to return to China, provided they’ve been inoculated with a Chinese-made COVID-19 vaccine first; Huawei and Hikvision are added to a new blacklist by the U.S. Federal Communications Commission; and a massive dust storm blankets huge swathes of northern China, …
 
This week on the Caixin-Sinica Business Brief: China sets a target for economic growth above six percent as the country’s economy continues to rebound from the coronavirus; China formally ratifies the Regional Comprehensive Economic Partnership (RCEP) in the Asia-Pacific region; and data reveals that Chinese exports jumped 60.6% in dollar terms in …
 
This week on the Caixin-Sinica Business Brief: The reigning champions of China’s premier soccer league cease operations; Chinese President Xí Jìnpíng 习近平 declares “total victory” in the government’s mission to eradicate poverty; and expansion in China’s manufacturing sector continues to slow. In addition, we speak with Caixin Global reporter Tang Z…
 
This week on the Caixin-Sinica Business Brief: The China-Laos railway is set to open for use in December 2021, with plans to extend to Thailand and beyond; China considers easing capital controls to allow citizens to invest in overseas securities and insurance products; and Beijing increases its rare earth mining quotas, up 27.6% from the previous …
 
This week on the Caixin-Sinica Business Brief: Joe Biden and Chinese President Xí Jìnpíng 习近平 speak over the phone for the first time since Biden has taken office; the BBC is taken off the air in China after actions by China’s National Radio and Television Administration; and Lunar New Year rail travel plunges 70% from last year. In addition, we sp…
 
This week on the Caixin-Sinica Business Brief: A former Beijing deputy mayor has been arrested for accepting roughly $20 million in bribes; short-video app Kuaishou saw its shares nearly triple on its first day of trading in Hong Kong; and the expansion of China’s services sector continues to slow. In addition, we speak with Caixin Global managing …
 
This week on the Caixin-Sinica Business Brief: The Indian government permanently bans several apps owned by China’s largest internet companies, with WeChat, Taobao, and TikTok among them; growth in China’s manufacturing sector slows slightly while the debt-to-GDP ratio surges; and German insurance company Allianz is given the go-ahead to set up Chi…
 
This week on the Caixin-Sinica Business Brief: Hong Kong imposes its first COVID-19 lockdown; Shenzhen will hand out roughly $3.1 million to migrant workers, provided they stay in the city they are currently based in to discourage traveling during the upcoming Lunar New Year; and new data from China’s National Energy Administration reveals that a r…
 
This week on the Caixin-Sinica Business Brief: The U.S. adds nine Chinese companies to a Department of Defense blacklist for alleged ties to Chinese military organizations; President-elect Joe Biden appoints two senior National Security Council officials to Asia-Pacific and China positions; and stronger-than-anticipated demand for personal protecti…
 
This week on the Caixin-Sinica Business Brief: COVID-19 reemerges in the city of Shijiazhuang, a former top financial official is sentenced to death, and the death of a young employee has many questioning the effects of China’s incredibly demanding work culture. In addition, we speak with Caixin Global managing editor Doug Young about China’s leadi…
 
This week on the Caixin-Sinica Business Brief: Tensions continue to rise with three Chinese companies being delisted from the New York Stock Exchange; latest figures show China’s manufacturing continues to recover and concerns persist over a possible property bubble; and China’s top legislative body confirms it will begin its annual session on Marc…
 
China’s Chang’e-5 space capsule returns to Earth carrying lunar samples; bilateral investment treaty talks between China and the EU have entered the “final phase”; and the Chinese government is strongly considering setting up a new disease control agency in the wake of COVID-19. In addition, we speak with Caixin business and technology reporter Ann…
 
This week on the Caixin-Sinica Business Brief: Solar power is forecasted to become China’s third-largest energy source, overtaking wind energy; Standard & Poor’s has joined other major index providers in dropping Chinese stocks with ties to the military; and China’s top decision-making body vows to strengthen anti-monopoly efforts in the country. I…
 
This week on the Caixin Sinica Business Brief: China allocates more than $9 billion to encourage domestic domestic institutions to invest in foreign capital markets; European global credit rating giant Experian reverses its month-old plan to exit the Chinese mainland; COVID-19 cases surge in Hong Kong prompting strict social distancing measures; an…
 
This week on the Caixin-Sinica Business Brief: China delists the final 832 counties in Guizhou Province from its national poverty list; India’s government bans 43 more popular Chinese apps from domestic app stores, with AliExpress and DingTalk among them; and Hong Kong chief executive Carrie Lam pledges carbon neutrality for the territory by 2050. …
 
This week on the Caixin-Sinica Business Brief: Chinese President Xi Jinping announces that China will “actively consider” joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership; China’s national legislature approves an amended copyright law that increases maximum penalties for copyright infringement tenfold; and the Malay…
 
This week on the Caixin-Sinica Business Brief: In a sign that may signal warming business relations between China and the U.S., China’s Foran Energy Group has signed a first-term, five-year deal with an American liquefied natural gas producer; continuing a six-month expansion, China’s domestic manufacturing rises to the highest levels since January…
 
This week on the Caixin-Sinica Business Brief: China unveils its 14th Five-Year Plan, which details a goal of GDP per capita levels similar to those of Spain, South Korea, and Italy; a Caixin exclusive reveals that China may be getting ready to scrap a key element of the way it sets the daily reference rate for the yuan; and China signs more debt-f…
 
This week on the Caixin-Sinica Business Brief: Sweden bans Chinese telecommunications giants Huawei and ZTE Corp. from its 5G network; China’s central bank announces its digital currency will be able to be used without an internet connection; and one of China’s largest fast-food chains rolls out artificial meat options made from seaweed proteins. I…
 
This week on the Caixin-Sinica Business Brief: China reports 4.9% economic growth in the third quarter; President Xí Jìnpíng 习近平 made remarks on the 40th anniversary of the establishment of the Shenzhen Special Economic Zone; the Shenzhen Stock Exchange admits to a 32-minute technical error in its trading system; and budget household goods retailer…
 
This week on the Caixin-Sinica Business Brief: Shenzhen will provide approximately $1.5 million of coupons to residents to test the digital yuan, China’s virtual currency; coverage of the 2020 NBA finals returns to television in China; and SMIC, China’s largest chipmaker, finds itself caught in the U.S.-China tech war with new export restrictions. …
 
This week on the Caixin-Sinica Business Brief: The proposed ban on TikTok downloads has been blocked by a U.S. judge, revenues for Chinese travel agency Trip.com fall 64 percent year-on-year as international travel remains low due to pandemic concerns, and Xi Jinping says China aims to be carbon neutral by 2060. In addition, we speak with Caixin Gl…
 
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