Welcome to the 13th 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 includes a business news roundup, conversations with Caixin reporters and editors, and a selection of complete stories from the week’s news, read by Kaiser and Sinica rotating co-host Ada Shen.
This week, we hear how the National Financial Work Conference, the long-awaited quinquennial meeting on financial reform, is slated for mid-July. We examine how the Asian Infrastructure Investment Bank (AIIB) is a step closer to issuing its first bonds after Moody’s became the first international credit ratings firm to assign the lender a ranking. We cover the fact that mergers of Chinese-listed companies picked up in June, signaling that China may allow more publicly traded firms to improve their quality through consolidation. We report on the French jet manufacturer Airbus saying that China’s state-owned aircraft purchaser has agreed to buy 140 of its aircraft. We talk to Caixin senior editor Doug Young about Tencent limiting play time for younger players of the popular online game Honor of Kings. We also chat with Caixin editor Tanner Brown about how gay rights in China are taking small steps forward. In addition, we bring you four complete stories:
- The village official who’s fed up with the red tape and the less-than-cooperative residents who are impeding his efforts to fight poverty.
- The umbrella-sharing service that’s facing challenges from people stealing the umbrellas after the start-up launched in Nanchang.
- How Mobike, another company in China’s booming — or perhaps bubbling — sharing economy has started selling branded raincoats.
- How BreadTalk, the Singapore-based bakery you find in just about every Chinese mall you’ve ever been to, is now expanding with a new joint venture in China and Thailand specializing in spicy pork-rib broth.
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