Welcome to the 23rd 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 features a business news roundup, plus conversations with Caixin reporters and editors.
This week, we look into the new China-backed plan to build a high-speed railroad between the Russian cities of Moscow and Kazan. We analyze why U.S. high-tech chipmaker Lattice Semiconductor decided to terminate its plan to be purchased by a China-backed buyer. We examine how conglomerate Citic Group and Beijing Capital Agribusiness Group struck a deal with British fowl specialist Cherry Valley Farms. We learn about the U.S. debut of Yang’s Braised Chicken Rice, a popular fast-food chain from China. We also dive into the newly released data of China’s investment, industrial output, and retail sales in August, which all suggest a downward momentum.
In addition, we talk to Caixin senior editor Doug Young about the new plan by China’s ecommerce company JD.com to roll out an office-based automated food service concept targeting white-collar workers, and the new government clampdown aiming at online chat groups. We also speak with Caixin reporter Liu Xiao about the latest news in the world of cryptocurrencies.
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