Welcome to the 36th 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 hear about the news that 630,000 fewer babies were born in China in 2017 than the year before, despite the government’s efforts to encourage couples to have a second child. We explore the resilience of China’s economy, which accelerated for the first time in seven years in 2017. We note that Shanghai’s subway passengers are now able to use a mobile app to pay their fares. We discuss Japanese housewares retailer Muji’s first hotel in Shenzhen. We discuss China’s dwindling demand for smartphones, which prompted Apple to reduce the price of its flagship iPhone X. We learn about Google’s opening of its fourth China office in the southern boomtown of Shenzhen.
In addition, we talk with Caixin Global reporter Jingxuan Teng about China Unicom’s decision to offer stock options to employees under its mixed-ownership reform program. We also have a conversation with Doug Young, managing editor of Caixin Global, about the news that Alibaba’s Taobao was included on a U.S. government list of “notorious” markets for trade in pirated goods, and the latest news on China’s outbound investment.
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