Welcome to the 50th 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.
- We acknowledge a new report that found out that the cost of living in Beijing and Shanghai has become relatively cheaper in the last three years compared with other major cities around the globe.
- We analyze some new data that suggests that while Americans born today can expect to live for a few years longer than their Chinese counterparts, China’s newborns will experience more “healthy” years.
- We note that Jia Yueting 贾跃亭, founder of LeEco, once a star Chinese tech company, has been barred indefinitely from traveling via train and air in China.
- We learn that China’s railway builder ran into another setback to its overseas expansion aspirations after the new Malaysian government announced it will scrap a bullet-train project linking its capital to its southern neighbor Singapore.
- We hear the news that China’s top securities regulator may punish six mutual funds for alleged insider trading by their managers.
- We discuss that Google has released the new app Files Go, which is customized for mainland Chinese users, in its latest small step back into the world’s largest smartphone and online market.
- We discover that China said it would cut import tariffs by more than half on a wide range of consumer goods starting in July, aiming to boost domestic consumption and balance its foreign trade amid heightened tensions with the U.S.
In addition, we talk with Fran Wang, senior economics reporter at Caixin Global, about how the new consumer tariff cuts fit into the bigger trade picture. We also chat with Doug Young, managing editor of Caixin Global, about the latest in the Chinese auto and dairy sectors.
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