Welcome to the 14th 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 Apple will build its first data center in China by partnering with the provincial government in southwestern Guizhou Province. We examine how a former phosphate-ore trader has acquired China broadcasting rights for the English Premier League. We look at Chinese actress Fan Bingbing’s lawsuit against the fugitive Chinese businessman Guo Wengui in the U.S. for defamation. We look into the drop in overseas M&A activity by Chinese firms in the first half of the year. We talk to Caixin senior writer Fran Wang about stronger-than-expected Chinese exports and imports in June, and we chat with Caixin senior editor Doug Young about Chinese firm Wanda selling a large chunk of its assets. In addition, we bring you four complete stories:
- How beloved foreign TV shows suddenly disappeared from the popular video-sharing site Bilibili, prompting complaints from users.
- How a shortage of general practitioners and a shortage of qualified doctors are stymieing China’s efforts to reform its healthcare system.
- How spending by Chinese traveling overseas is now shifting from shopping to sightseeing.
- How LeEco, the cash-strapped company that is unable to pay angry suppliers, can no longer stock its own ecommerce store with its smartphones.
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