Welcome to the 34th 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 discuss how China is strengthening oversight of preschools with measures including a requirement for more cameras in classrooms, following several highly publicized child abuse scandals in recent months. We analyze reports that China will roll out a list next year outlining which areas are off-limits for investment by both foreign and domestic capital. We examine how poor planning and soaring natural gas prices have left thousands in northern China without heat this winter. We look at the news that China Mobile is launching mobile services in the United Kingdom. We note that Beijing’s Party chief seems to have gone into damage-control mode due to backlash from migrant evictions. We explore what it means that yet another bike-sharing startup is drawing criticism for failing to return user deposits.
In addition, we talk with Caixin senior editor Doug Young about what Google’s plans for an AI lab in Beijing really mean for the Silicon Valley giant, and with Caixin finance reporter Leng Cheng on new microlending regulations.
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