The Caixin-Sinica Business Brief, episode 9
This week, we hear how Alibaba has overtaken its rival Tencent to become the most valuable company in China by market cap. We look into how Chinese banking regulators are clamping down on the use of Chinese bank cards overseas in an effort to curb illegal activity. We tell you how the SEC has pushed back its timeline for approving the purchase of the Chicago Stock Exchange by a Chinese buyer. We find out how China’s new planned city, Xiongan, is being designed with Chinese principles of yin and yang in mind. We talk to Caixin Global editor Doug Young about a Tsinghua-built AI robot that took the math portion of China’s infamous gaokao college entrance exam, and chat with Caixin’s Fran Wang about some of the new trade numbers for May. We also bring you four complete stories:
- How China’s Belt and Road initiative may help to boost the yuan as a settlement currency in Asia.
- How Japanese Prime Minister Shinzo Abe is now expressing support — albeit conditional support — for Belt and Road.
- What Shenzhen has planned for people who don’t sort their garbage.
- How China’s internet regulators are clamping down on the social media accounts of online paparazzi.
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