The Caixin-Sinica Business Brief, episode 19
This week, we explore how China’s cyberspace regulator is now faulting Alibaba’s popular online shopping site for selling goods that have already been banned. We learn about Chinese action film Wolf Warriors 2 (战狼2 zhàn láng), which just broke the China box office record and became the highest-grossing film ever screened in the country. We examine a set of legal interpretations released by China’s top court and prosecutor’s office to eliminate data falsification in drug research. We discuss how Chinese smartphone makers are conquering the Indian market. We look at why Sony’s PlayStation and Microsoft’s Xbox are stumbling to get access to the China market. We delve into why leading pig-farming companies in China have seen their profits fall this year. We study the news that a group of farmers in eastern China’s Shandong Province is taking the provincial environmental authority to court in hopes of forcing the government to investigate alleged contamination of crops last year. We analyze the rise of home prices in Beijing by a mere 9.6 percent in July from a year ago.
In addition, we talk to Caixin senior editor Doug Young on the tea package dispute between the two leading brands of herbal tea in China, and chat with Caixin reporter Dong Tongjian about the most recent money supply numbers released by the central bank.
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