This week on the Caixin-Sinica Business Brief: American brokerage Morgan Stanley downgraded China’s real estate sector; The Caixin China General Services Business Activity Index falls to the lowest rate since April 2020; and the Sinovac Biotech COVID-19 vaccine has been found to be safe and effective for children as young as three years old.

In addition, we speak with Caixin Global podcast producer Nandini Venkata about the slowdowns facing the U.S. IPO of Chinese ridesharing app Didi Chuxing.

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