The Caixin-Sinica Business Brief, episode 49


Welcome to the 49th 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 analyze internet company Sina’s plan to launch a secondary listing in Hong Kong.
  • We note that U.S. electric car startup Tesla has received tentative approval from the Shanghai government to manufacture cars in the city.
  • We learn that the Trump administration has reached a deal to put Chinese telecommunications company ZTE back in business.
  • We discuss that China may scrap or scale back proposals to ban the online sale of prescription medicines after two drafts of the plan garnered strong opposition.
  • We discover that American dating platform Seeking Arrangement is expected to hit regulatory obstacles in China after achieving rapid popularity.
  • We hear that China said it cannot explain what happened to an American citizen working at a U.S. consulate who reported suffering from abnormal sounds and pressure leading to a mild brain injury.
  • We dive into the news that a man who was imprisoned for 25 years before having his conviction overturned is asking the Chinese government for $2.6 million in compensation.
  • We find out that China’s average flight delay soared 50 percent to 24 minutes in 2017.

In addition, we talk with Doug Young, managing editor of Caixin Global, about three corporate stories regarding Aecon, Canada’s largest publicly listed infrastructure builder, Chinese technology giant Foxconn, and American retail company Costco.

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