Welcome to the 40th 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 learn about the latest data on China’s exports, which hit a three-year high in February, greatly surpassing market expectations. We note China’s determination to take “powerful” measures to defend its interests against the tariffs on imported steel and foreign-made aluminum issued by Trump last week. We explore why delegates to this year’s two big political meetings in Beijing are urging the central government to spend more on preschool education and childcare facilities. We discuss how Chinese regulators are targeting social media accounts that are used by cryptocurrency exchanges to continue reaching Chinese investors despite being banned on the mainland six months ago. We hear that outbound travel from China hit another record last year due to rising incomes, favorable exchange rates, and easier visa processes. We find out that Foxconn Industrial Internet, a unit of the world’s largest contract electronics manufacturers, which assembles Apple’s iPhones, won speedy approval for its IPO in China.
In addition, we talk with Doug Young, managing editor of Caixin Global, about Chinese stock market trends in general and some recent IPO-related stories.
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