Welcome to the 70th 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 analyze a report from Moody’s, which shows that China’s massive, murky lending to sub-Saharan countries, though good for growth, increases their credit risks and can obstruct alternative sources of loans.
- We dive into the controversy surrounding China’s drive to get ahead in 5G technology.
- We find out that unhygienic transportation of pigs is to blame for the spread of deadly African swine fever across China, authorities said.
- We hear that China announced plans to ban private kindergarten operators from getting funding through public listings following a public outcry over several cases of child abuse by kindergarten teachers.
- We learn the news that Volkswagen CEO Herbert Diess will take over his company’s business in China next year, after the current China head retires.
- We report that former PetroChina president Zhang Jianhua 张建华 has taken the helm at China’s energy agency.
- We discuss the gaming industry in China, where some gaming giants are still reeling from a halt on government approvals for new titles.
- We note that China’s education ministry has told universities to stop making financial aid applicants beg for the cash in public speeches.
In addition, we talk with Olivia Ryan, reporter at Caixin Global, about how a middle school principal in China got fired after staffers uncovered a cryptocurrency mining scheme utilizing school computers. We also chat with David Kirton, reporter at Caixin Global, about China setting its sights on the darkest depths of the ocean to satisfy mining needs.
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