Welcome to the 84th 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 new data that shows China’s economic growth stabilized in the first quarter of 2019, as market confidence recovered on the back of policy support and progress in Sino-U.S. trade war negotiations.
- We analyze a recent report that says China’s stimulus measures may increase corporate debt and reverse progress made in deleveraging the economy.
- We hear that despite a stimulus cooling, China is still considering new subsidies to encourage household purchases of home appliances as part of a policy package designed to expand domestic consumption.
- We report that China’s pension system is expected to run dry well before that generation retires in 2035.
- We note that more details have emerged in the new civil lawsuit brought against Chinese billionaire Richard Liu by the woman who accused him of rape last year.
- We learn that Lei Jun 雷军, the CEO of phone and home-electronics maker Xiaomi, may have received compensation worth over 330 times of that handed to Tencent’s head last year.
In addition, we talk with Jing Xuan Teng, reporter for Caixin Global, about the child modeling industry in China. We also chat with Doug Young, managing editor of Caixin Global, about the ecommerce titan Amazon, one of the world’s biggest companies, and what’s going on with it in China.