The Caixin-Sinica Business Brief

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 devices; and China’s medical beauty industry is subje...

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 report condemned gaming addiction; and Foxconn wi...

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 Commerce Minister said that Beijing needs to make prog...

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 measures for the newly announced three-child policy...

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 platforms, JD.com.  In addition, we spe...

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 drones in Shanghai.  In addition, we speak wit...

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 addition, we speak with Caixin Global podcast pr...

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 addition, we speak with Caixin Global podcast pro...

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 to the World Trade Organization for dispute re...

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 patients.  In addition, we speak with Caixin Gl...

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 pricing fraud.  In addition, we speak with C...

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 Nandini Venkata about an ultramarathon in Gansu...

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 Timmy Shen about the recent crash in cryptocurr...

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 with Caixin Global podcast producer Nandini Venkata...

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-term initial public offering.  In addition,...

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 travel to the island without a 14-day quarantine s...

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, and ferro-alloys. In addition, we speak with Caixi...

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 doctors and researchers who are turning to paper...

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 in profits last year.  In addition, we speak...

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 Global financial news reporter Tang Ziyi about Vanguar...

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, causing business slowdowns and traffic jams. In ad...

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 the first two months of 2021 compared to last year...

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 Ziyi about a public relations disaster at...

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 year.  In addition, we speak with Flynn Murph...

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 speak with Caixin Global podcast producer N...