Welcome to the 35th 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 at China’s new economic data, which suggests that the 2017 rate of the country’s economic growth was around 6.9 percent, marking the first acceleration in seven years. We learn that an ambitious deal between Dalian Wanda and IBM to join forces in China’s booming cloud-computing market appears to be in serious jeopardy. We discuss global hotel giant Marriott International’s apology following online anger toward its description of Hong Kong, Macau, Taiwan, and Tibet as “countries” in a recent customer survey. We hear about a burning oil tanker that exploded on a ship in the East China Sea on January 6. We explore the story of Yao Ning 幺宁, a controversial prosecutor who rose to fame under disgraced Party heavyweight Bo Xilai 薄熙来 and has recently come under public scrutiny after posting a statement about her handling of a 2009 case linked to a veteran Beijing lawyer, Li Zhuang 李庄. We note the latest move by leading shared-car services provider Didi Chuxing to drive into China’s shared-bike business.
In addition, we talk with Caixin Global senior editor Aries Poon about China’s New Third Board and what it’s doing to boost liquidity and attract a better class of companies. We also converse with Caixin Global editor Michael Bellart about efforts made by the central bank of China to try to improve security for QR-code-based payment.
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