The Caixin-Sinica Business Brief, episode 8
This week, we look at the corruption case of Wang Bao’an 王保安, the former head of the statistics bureau who received a life sentence for 153 million yuan ($22.5 million) in ill-gotten gains. We chat with Doug Young about the quick delisting and relisting to the New York Stock Exchange of Mindray, China’s largest medical equipment manufacturer, and with Poornima Weerasekara about the full-size Titanic replica in landlocked Sichuan Province. We also bring you four complete stories:
- How gambling debts have led to the suspension of the top coach of the Chinese women’s table tennis team, Kong Linghui 孔令辉.
- How Chinese-built railroads are putting growth in East Africa on the fast track.
- How a growing number of Chinese couples, desperate for children, are turning to surrogacy despite its being illegal.
- An in-depth look at Wang Bao’an, including details of how Chinese media interpreted his case as a signal that more than 100 million yuan in bribes may set a new standard for the “extremely corrupt.”
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