China Business Insider - News From Caixin Global

In today’s episode: Stockholm’s bold decision prompted by suspicions over the links between Beijing and the two tech giants; why Chinese lawmakers are calling the nation’s proposed laws on facial recognition too vague; and Pakistan overturns its Tiktok ban.


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This week on the Caixin-Sinica Business Brief: China reports 4.9% economic growth in the third quarter; President Xi's remarks on the 40th anniversary of the establishment of the Shenzhen Special Economic Zone; the Shenzhen Stock Exchange admits to a 32-minute technical error in its trading system; and budget household goods retailer Miniso raises $608 million in a New York IPO.

In addition, we speak with Caixin Global managing editor Doug Young about Lenovo reclaiming its spot as China’s top PC maker, as well as a viral social media post about a case of smartphone identity theft.

CORRECTION: The story on Chinese retail outlet Miniso incorrectly states the amount raised at $6.08 billion, when the correct number is $608 million. We apologize for the mistake.

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In today’s episode: IMF predicts China to be the only major economy to grow this year; the national disease control authority reveals new evidence that strengthens the theory that you can catch the coronavirus from cold-food supply chains; and e-commerce giant Alibaba will take over the country’s top hypermarket operator.

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In today’s episode: how an expansion in farming is increasingly forcing elephants out of their natural habitat and into human communities; with labor drying up, China’s countryside has witnessed a surge in automatous farming equipment; and why a real estate bubble could be the biggest ‘grey rhino’  threatening financial security

This episode features an in-depth discussion of how the outcome of the upcoming U.S. presidential elections could impact the world’s second-largest economy. In particular, the conversation delves into how the tech decoupling between Beijing and Washington will evolve as well as how a potential Biden administration could shape ties. The discussion, which originally took place on Wednesday was led by prominent thought leaders and analysts.

Speakers:

- David McCormick, CEO, Bridgewater

- Gao Xiqing, former CIO, China Investment Corp.

- Wang Tao, chief China economist and head of Asia economic research, UBS

Moderator: Li Zengxin, deputy general manager, Caixin Global; director, Caixin Global Intelligence

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In today’s episode: students criticize Jiangsu Normal University for a lack of transparency after classmates fall ill with the infectious disease; Apple’s new iPhone 12 is now compatible with Beijing’s GPS rival; and why the CEO of semiconductor major ASML says his company does not need a U.S. license to sell to China.

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In today’s episode: a viral social media post sparks concerns about Chinese users storing their lives and identities on their mobile phones; key takeaways from President Xi’s speech on the 40th anniversary of the establishment of the Shenzhen Special Economic Zone; and how Beijing has been lapping up record amounts of Japanese government debt.

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In today’s episode: new report reveals striking influence of  video apps, Douyin and Kuaishou, in the nation of 1.4 billion people; troubled property developer Evergrande falls short in its hunt to raise over $1 billion from share sale to repay debt; and September sees China’s exports expand at their fastest pace in 18 months.

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In today’s episode: the latest on the battle between the nation’s internet giants; regulator slaps fines of 2 million yuan each on Luckin’s two domestic operating entities, as well as three related parties amid financial fraud scandal; and top climate scientist says China seeks to lower all domestic greenhouse gas emissions by 2060

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In this week's episode: China’s largest chipmaker grapples with fresh export restrictions; Shenzhen will provide approximately $1.5 million of coupons to residents to test the digital yuan, China’s virtual currency; and coverage of the 2020 NBA finals returns to television in China.

In addition, we speak with Caixin Global managing editor Doug Young about Meituan and Pinduoduo and how the two companies could be gaining ground on Alibaba’s dominance in China’s internet and technology industry.