Welcome to the 62nd 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 discuss how China said it will control the total number of online games and new titles in operation, explore establishing an age-reminder system, and take measures to restrict the amount of time that minors spend on the games.
- We note that top plastic surgery app, SoYoung, has emerged as the country’s latest billion-dollar startup.
- We hear that the number of crimes committed in Chinese schools has officially seen a two-year decline, but experts say the problem continues to be serious.
- We find out that Japanese automaker Suzuki announced that it is bowing out of the race for the Chinese market as its more-compact car models are increasing being left in the dust by hulking domestic rivals.
- We analyze the controversy caused by a mandatory-to-watch educational show produced by the Ministry of Education and state broadcaster CCTV.
- We chat about the most bizarre thing to possibly ever happen at a kindergarten: the principal pole-dancing in a midriff-baring outfit.
In addition, we talk with Fran Wang, Economics Reporter with Caixin Global, about Chinese stocks’ downward trend. We also chat with Doug Young, managing editor of Caixin Global, about the sexual misconduct allegations against Richard Liu, and the impact of those accusations on his company, JD.com.
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