Welcome to the 61st 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 note that China is confronting claims that its overseas investment is saddling developing countries with unsustainable levels of debt, as Beijing hosts a major gathering of African leaders to discuss development priorities for the next few years.
- We learn that money-losing iQiyi, which operates a streaming service similar to Netflix, could receive a new lifeline thanks to a hit period drama that has engrossed audiences at home and abroad.
- We hear that Zhou Xiaochuan 周小川, the long-serving governor of the People’s Bank of China, will take a seat on the Advisory Council of China Investment Corp, China’s sovereign wealth fund.
- We discuss a new report showing that China’s leading liquor-makers saw profit for the first six months of this year surge 40% on average, with the industry’s total profit hitting $10 billion.
- We find out that China’s state-owned oil giants struck black gold in the first half of 2018 as an uptick in global oil and gas prices pushed upstream profits skyward.
- We analyze how the 25% tariffs the Trump administration slapped on Chinese auto imports in July made Ford cancelled plans to export its Focus model from China to the U.S.
- We dive into a new report suggesting that the rapid development of artificial intelligence in China is expected to exacerbate structural unemployment, according to a new report.
- We chat about the news that embattled telecom-equipment maker ZTE said it will return to profitability in the third quarter, as it rebounds from a devastating conflict with Washington that resulted in massive recent losses.
In addition, we talk with Caixin Global reporter Jing Xuan Teng about several signals from Beijing to end birth limits. We also chat with Doug Young, managing editor of Caixin Global, about a handful of scandals surrounding the major Chinese ride sharing company Didi and how they will affect the whole ride sharing industry.
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