China Business Insider - News From Caixin Global

In today’s episode: Losses on a crude oil futures investment product could leave many mom and pop investors deep in debt; what the German Ambassador has to say about the Covid-19 pandemic; and the government gives the go-ahead to live hog futures trading.

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Covid-19 has not only unleashed a public health crisis in China, but also all sorts of economic chaos. While the nation appears to be getting back on its feet as the domestic outbreak subsides, the economy is far from fully healed. Millions of small businesses and households remain in limbo, while unemployment is on the rise. However, as this special edition reveals, China’s traditional stimulus strategy may not be enough to support such vulnerable groups in these uncertain times.

Within just two and a half years, Luckin Coffee rose up as China’s biggest coffee chain with 4,500 shops. However, earlier this month, the company stunned the market by disclosing that nearly half the revenue it reported in the last three quarters of last year, or 2.2 billion yuan, was in fact fake. This episode investigates Luckin’s cash-burning business model as well as the consequences from the fraud scandal

In today’s episode: While not directly naming the disgraced coffee chain, U.S. securities regulator warns of investing in Chinese emerging market stocks; what a railway project in Kenya has to say about China-Africa relations in the time of the pandemic; and how the government has had to step in to support the new-energy vehicle industry amid the outbreak.

In today’s episode: Shanghai International Energy Exchange agrees to increase storage for future crude purchases by 20%; ByteDance wants you to start reading books for free; and why prisons are at risk of developing into breeding grounds for Covid-19.

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In today’s episode: State firms take in 58.8% less profit in the first quarter than in the same period in 2019; Starbucks rolls out new plant-based menu in China; and how one of Beijing’s downtown districts became the country’s only high-risk zone for Covid-19.

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In today’s episode: How crude prices landed in negative territory; China plans further bond sales to boost economic recovery; and what American companies have to say about doing business in China in the current tense climate.

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In today’s episode: Behind the nation’s latest and boldest virtual currency experiment; India gets tough on ‘opportunistic takeovers’ by Chinese players; and three rules that may help businesses survive these troubled times.

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The robotics industry won an unprecedented chance of showcase its latest advancements during the ongoing battle against Covid-19. During China’s outbreak, robots could be found delivering meals, taking temperatures, disinfecting rooms and even cooking in hundreds of hospitals and makeshift quarantine stations across the country. This episode reveals the eye-opening ways that robots can support the fight against the virus.

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As workplaces and schools across the nation were forced to close during the pandemic, remote office and livestreaming apps have enjoyed explosive growth. This episode delves into what has become one of the most competitive tech battlefronts.

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