Welcome to the 63rd 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’s largest ride-hailing platform Didi Chuxing said it will resume late-night ride-hailing service after upgrading its safety measures.
- We explore the effects of the disappearance of Fan Bingbing, China’s biggest female film star, and how the Communist Party of China weighs in on everything from the appropriateness of costumes to the salaries of movie stars.
- We hear about how the revised tax code has made it easier to levy taxes on foreign employees’ offshore income, and what that may mean for China attracting foreign talent.
- We discuss risk aversion in mainland stocks, as Hong Kong stocks follow their mainland counterparts’ fall into bear market territory amid some of the weakest turnover in years.
- We find out that the operator of Alipay, one of China’s two dominant mobile-payment apps, has announced it will spend $150 million over the next three years to speed up the development of “mini apps.”
- We analyze how China has scrapped several family planning departments, fueling speculation that the country may be on the verge of ending its decades-old restrictions on family size.
- We dive into a new report from the American Chamber of Commerce in China that says two-thirds of American businesses in the country are feeling a pinch from tit-for-tat protective tariffs in the U.S.-China trade war.
- We learn that China is investigating a former top lottery official on allegations of corruption — the third misconduct case involving a lottery chief in just over a year.
In addition, we talk with Caixin Global reporter David Kirton about petrochemical plants in China. We also chat with Doug Young, managing editor of Caixin Global, about the IPOs of electric car maker Nio in New York, and superapp Meituan-Dianping in Hong Kong.
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