The Caixin-Sinica Business Brief

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 editor Doug Young about Huawei’s involvement...

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 China’s first wholly foreign-owned insurance asset ma...

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 record-setting 72 million kilowatts of wind power c...

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 protective equipment drives China’s trade surplus to a rec...

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 leading chipmaker, SMIC, and how internal clashes...

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 March 5.  In addition, we speak with Caixin Globa...

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 Anniek Bao about Sweden’s courts upholdin...

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.  In addition, we speak with Caixin Global...

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; and a shortage of 40-foot containers in Shanghai dem...

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. In addition, we speak with Caixin Global managing...

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 Malaysian state government of Melaka terminates a major...

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 2011; and China bans visitors from six countries...

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-freeze deals with poorer nations as they continue t...

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.  In addition, we speak with Caixin Global’s ge...

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 Miniso raises $608 million in a New York IPO.&...

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.  In addition, we speak with Caixin Global man...

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 Global general news reporter Matthew Walsh, ab...

This week on the Caixin-Sinica Business Brief: The fate of WeChat in the United States remains in limbo, Washington further tightens the screws on Huawei, and Trump approves a TikTok-Oracle deal.  In addition, we speak with Caixin Global managing editor Doug Young, about the makeup of the board of TikTok Global. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at...

This week on the Caixin-Sinica Business Brief: The American Chamber of Commerce in Shanghai releases its latest survey, China allows increased foreign ownership of virtual private network (VPN) services, China Electronics Corp. launches cloud services, Tokyo-based SBI Group considers leaving Hong Kong, and a six-month investigation into the harsh working conditions of delivery drivers.  In ad...

This week on the Caixin-Sinica Business Brief: New technology export controls from Beijing now threaten the sale of TikTok, financial analysts predict that the Chinese yuan could remain strong against the U.S. dollar into 2021, and China’s banking regulator approves the first foreign-owned money broker to operate in the country.  In addition, we speak with Caixin Global managing editor Doung...

This week on the Caixin-Sinica Business Brief: China’s rare earth exports plummet to a five-year low, down 20.2% in the first seven months of 2020; the deputy CEO of French telecom operator Bouygues announces it will dismantle 3,000 Huawei mobile antennas by 2028; and Chinese smartphone company Xiaomi posts higher-than-expected profits by finding new markets in Europe and Latin America.  In a...

This week on the Caixin-Sinica Business Brief: Despite the Trump administration’s threat to ban WeChat, Apple and other companies have been given assurances by the White House that they will continue to be able to offer, and to use, the wildly popular app. A vaccine candidate for African swine fever enters a new stage of trials. Chinese electric-vehicle maker Nio Inc. launches a battery rental ser...

This week on the Caixin-Sinica Business Brief: President Trump orders ByteDance to sell the U.S.-based assets of its popular short-video app, TikTok; the share of trade conducted in U.S. dollars between Russia and China falls below 50% for the first time; China expands a pilot program for its state-backed digital currency; former financial big shot Lai Xiaomin is accused of taking a record 1.79 bi...

This week on the Caixin-Sinica Business Brief: Microsoft has confirmed it is in ongoing discussions with ByteDance to acquire the U.S.-based operation of TikTok; Samsung and Apple (among others) pledge $1.5 billion to invest in mobile phone manufacturing in India; and Ant Group hopes to raise a record-breaking $30 billion in its concurrent IPO in Hong Kong and Shanghai.  In addition, we speak...

This week on the Caixin-Sinica Business Brief: China reports 3.2% YOY growth in the second quarter of 2020; the United Kingdom, reversing course on a previous decision, will not install more Huawei equipment in telecommunications infrastructure and will remove existing installed equipment by 2027; and the U.S. government reverses a policy that could have affected up to 1.1 million foreign students...