China Business Insider - News From Caixin Global

In the absence of proven treatments and vaccines, aggressive, mass testing remains a crucial measure to contain the coronavirus . Furthermore, as countries from China to the United States move forward with reopening economies after months of lockdown, efforts to ramp up testing become even more essential. Can testing capacity meet the surging demand? This episode investigates. 

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In today’s episode: U.S. retirement fund withdraws from Chinese investments following escalating pressure from President Trump and American lawmakers; Shenzhen Stock Exchange delists debt-ridden Leshi; and why Kuaishou is taking a competitor to court.

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In today’s episode: theatergoers must wear masks and can only attend screenings with family; the pandemic doesn’t dampen Popeyes’ expansion plans for China; and preprint platforms toughen rules to control flood of Covid-19 research of “varying quality”.

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In today’s episode: Behind the nation’s plans to establish a fast-track channel for key foreign professionals traveling to China; state-owned giant finds itself in hot water for shirking environmental regulations; and cinema operator Wanda returns to limelight for all the wrong reasons.

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This week on the Caixin-Sinica Business Brief: the United States Department of Homeland Security clamps down on Chinese journalists working in the U.S., the director of Shanghai’s COVID-19 clinical expert team says there is “no chance” that the coronavirus pandemic will end this summer, and online education companies in China see massive spikes in net revenues. 

In addition, we speak with Caixin Global managing editor Doug Young about China’s tech sector and which companies could be making a move toward an initial public offering in the coming months.

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In today’s episode: Cities of Wuhan and Shulan each report new virus clusters after easing lockdown measures; car sales rise after two years of decline; and Gree’s boss sells $44 million worth of products in single e-commerce livestream.

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In today’s episode: Tech companies face mounting pressure to crack down on illegal adoption groups lurking on their platforms; navigating China’s foreign-investor program; and UAE ambassador opens up about Covid-19 and its impact on the Belt and Road Initiative.

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Participating at a recent Caixin roundup table, Yi Gang, Governor of the People's Bank of China, shared his views on several striking developments within the national economy. From China's road to recovery following the domestic outbreak, to digital currencies and market opening.

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Now may be Meituan's moment of truth. The internet services giant  is facing a backlash from business partners who have accused the company of abusing its dominant market status to set unfair rules. As the pandemic has forced the sector to depend on takeout to make ends meet, merchants are particularly upset by Meituan’s ever-escalating commission rates and demands for exclusive contracts.

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In today’s episode: April's surprising export growth partly driven by  soaring demand for medical supplies as world battles the pandemic; a look behind reports of Tesla pumping the brakes at its Shanghai factory; and up to 15% of the nation's recovered virus patients may have tested positive again. 

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