P2P protests, and carcinogens in blood pressure drugs
Announcements for Access members:
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Access chat: Sam Crane, scholar of Chinese philosophy, religion, and politics, will join us on Wednesday, August 8, at 12 noon EST (midnight Beijing time). Sign on to the Slack channel then to learn: โWho is Shang Yang ๅ้ and why does he give us a better understanding of Chinese politics than Confucius?โ
โJeremy Goldkorn and team
Click HereDear Access member,
Weโve got five things at the top today โ a mix of good and bad news. The usual links below.
โJeremy Goldkorn, Editor-in-Chief
1. Carcinogen in blood pressure treatment products
On July 13, the American Federal Drug Administration (FDA) issued a โvoluntary recall of several drug products containing the active ingredient valsartan, used to treat high blood pressure and heart failure.โ You can find details of the original recall here, with an updated list of recalled batches here. In summary:
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An impurity called N-nitrosodimethylamine (NDMA), which is classified as a probable human carcinogen, was found in the recalled products. ย
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Zhejiang Huahai Pharmaceuticals is the source of the ingredient that contained the impurity โ see the company websiteโs English about page.
Earlier today, Chinese business and financial media Yicai reported that another drug maker from Zhejiang Province, Tianyu Pharmaceutical, has found NDMA in blood pressure treatment products destined for export: โChinaโs drug safety regulator found cancerogenic N-nitrosodimethylamine (NDMA) in the Zhejiang-based pharmaceutical firmโs high blood pressure treatment product valsartan, it said in a statement.โ
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Tianyu has suspended exports of the product to Taiwan. โThe company confirmed that two batches of valsartan supplied to Pharmaneer contained the ingredient, adding it would not instigate a product recall [as] the batches concerned had not yet gone on the market.โ Tianyuโs website is here.
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Rundu Pharma, a Zhuhai-based company, has also admitted to the same problem, according to Agence France-Presse. Runduโs English company profile is here.
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The share prices of the affected companies โ Huahai is listed on the Shanghai stock exchange, Tianyu and Rundu are on Shenzhen โ is the focus of much of the Chinese media reporting. Here is a typical example, on Rundu.
In related news and opinion writing:
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The โrisks to international consumers posed by weak oversight in China, the worldโs largest supplier of active pharmaceutical ingredients,โ have been highlighted by โdrug safety scandals in recent weeksโ says the Financial Times (paywall).
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Chinaโs National Health Commission announced on Sunday that it had dispatched an investigation team to Shaanxi Province after allegations from some parents circulated online that their children were inoculated with expired vaccines, Sixth Tone reports.
Meanwhile, the Wall Street Journal, in its article โHow China is evolving from a maker of copycat medicines into a producer of complex drugsโ (paywall), includes a focus on a Chinese blood cancer treatment startup funded by Johnson & Johnson. The article examines a theme I often mention: the coming leap ahead of Chinaโs healthcare sector. But first, it seems, basic quality control is still needed.
โJeremy Goldkorn
2. Hangzhou tests system to combat on-campus sexual harassment
Hangzhou, Zhejiang Province, has issued regulations to protect minors from on-campus sexual harassment and govern law enforcement of such cases, marking Chinaโs first establishment of a legal mechanism to crack down on sexual assault in schools, Hangzhou Daily reports (in Chinese).
The rules require schools to report cases to the local law enforcement department within 24 hours after school officials are informed. Delayed reporting and private mediation are forbidden. The rules also stipulate that victims should receive legal assistance, mental health care, and adjustments at school if necessary. Schools are also instructed to teach students about how to protect themselves from sexual harassment.
For more on this interesting development, please click through to The China Project.
โJiayun Feng
3. P2P protests in Peking
The South China Morning Post reports:
An unknown number of Chinese investors who have lost their life savings in the countryโs peer-to-peer [P2P] lending industry mounted a failed attempt at a demonstration before the banking regulator on Monday, amid heavy intervention by the police in Beijingโs financial district. Hundreds of uniformed police, ancillary police and plain clothes officers patrolled several city blocks around Finance Street.
Agence France-Presse reporter Becky Davis tweeted (with photos):
Have truly never seen anything like this in Beijing. We counted 120+ buses at site of the (failed) protest against P2P lending fraud, stretching far as the eye can see – all the way to Diaoyutai. Cops nap, wait in each. Petitioners rounded up, shipped off inside. The SCALE..!
Whatโs On Weibo has more on the P2P protests. In other P2P news, the SCMP says that a P2P entrepreneur โaccused of โillegally absorbing public fundsโ has been released from detention in time to find his name on the latest Forbes list of 30 Under 30 stand-out entrepreneurs in China.โ
โJeremy Goldkorn
4. Trade war, day 32: A โstreet-fighter-style drama of extortionโ
Since last Friday (day 29), when China announced its $60 billion response to the reported American escalation of $200 billion in tariffs from 10 to 25 percent, there has not been much hard news on the trade front.
What has happened is another battle in the war of words between the two sides. A very quick rundown:
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Larry Kudlow, a top economic adviser for President Trump, called Chinaโs $60 billion tariff plan โweakโ and mocked Chinaโs โlousyโ economy, saying that โinvestors are walking out, the currency is fallingโฆI noticed today that Japanโs stock market is now worth more than Chinaโs โ I love that,โ according to AFP.
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Foreign Minister Wang Yi responded that the $60 billion was a โnecessary and a justified response,โ and asked incredulously, โDo they want China to take stronger countermeasures against them?โ Meanwhile, the nationalist tabloid Global Times wrote that the $200 billion and $60 billion numbers showed that โWashington has lost its mind on trade while China retains its rationality…Considering the unreasonable US demands, a trade war is an act that aims to crush China’s economic sovereignty, trying to force China to be a US economic vassal just like Japan accepted the Plaza Accord.โ
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Trump tweeted four times (1, 2, 3, 4), leading with a statement that further brands the U.S.-China trade war as zero sum: โTariffs are working far better than anyone ever anticipated. China market has dropped 27% in last 4 months, and they are talking to us. Our market is stronger than ever, and will go up dramatically when these horrible Trade Deals are successfully renegotiated…โ
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Chinese state media noticed this, and in an overseas editorial in the Peopleโs Daily, wrote (in Chinese), โAfter attacking multiple countries with steel and aluminum tariffs, the U.S. has repeatedly escalated trade frictions with China, turning the trade war into a โzero-sum gameโโ (้ถๅๆธธๆ lรญnghรฉ yรณuxรฌ).
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That editorial also personally attacked Trump, something that state media has generally been instructed not to do, saying he is starring in a โstreet-fighter-style drama of extortionโ (โ่กๅคด้ธ็โๅผ็็ฟปไบ่ฆ้จๅจ้ผ่ฎน่ฏๅคงๆ jiฤtรณu bร wรกng shรฌ de fฤnyรบnfรนyว wฤibฤซ รฉzhร dร xรฌ).
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The Chinese Foreign Ministry warned Trump back in March against turning the trade war into a zero-sum game. Itโs pretty clear by now that Beijing has concluded that thereโs no getting around Trumpโs intent to โwinโ only at the expense of China.
Other trade war reporting:
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Australia stands to lose from Chinaโs falling currency: โThe weaker the yuan, the less Chinese have to spend โ and that spells trouble everywhere from Australiaโs property and tourism markets to its exports of iron ore and coal,โ SCMP reports.
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But China wonโt โweaponizeโ the yuan, argues Stephen J Len, the chief executive of hedge fund Eurizon SLJ Capital, who SCMP calls a โnoted currency strategistโ: โThe value to China from branding the yuan as a nominal anchor rather than a source of instability seems much higher than potential short-term gains, if any, from a maxi-devaluation,โ he argues.
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The trade war continues to weigh on Chinese stocks: โMainland Chinese stocks led losses in the region, with indexes steepening losses in the afternoon. The Shanghai Composite declined 1.26 percent to close at 2,705.84 and the smaller Shenzhen Composite lost 2.08 percent,โ says CNBC.
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Hawkishness in Washington on Chinaโs overseas economic influence continues: โ16 senators, including David Perdue of Georgia and China hawks like fellow Republicans John Cornyn of Texas and Marco Rubio of Florida,โ are โpressing the Trump administration to detail what it is doing to deal with Beijingโs financing of international infrastructure projects that have left many countries indebted to China and potentially in need of bailouts,โ the Wall Street Journal reports (paywall).
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Hong Kongโs stock market is feeling a chill from the trade war, despite the territory not being directly subject to any tariffs: โWe do have this dark cloud from trade and that is casting a very long shadow over everybodyโฆAnd it’s not that the Hong Kong market can completely escape that,โ Stefan Hofer, chief investment strategist at LGT Bank, told CNBC.
โLucas Niewenhuis
5. A miscellany of links
A few things that caught my eye today:
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The newly formed Ministry of Emergency Management (ๅบๆฅ็ฎก็้จ yรฌngjรญ guวnlว bรน) โcould help to save more lives and lower costs from disasters,โ according to environmental reporting website China Dialogue, which does not reprint feel-good stories from official sources.
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Africa: The honeymoonโs not over: China-US Focus has published a piece by a writer at Chinese state-backed think tank Charhar Institute, which confirms that official policy remains extremely positive on Chinaโs ties with Africa: Xiโs visit heralds the “Year of Africa.” Meanwhile, Eric Olander of the China Africa Project and Podcast has published An insiderโs view of the China-Africa โdebt trapโ debate.
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โChinese authorities are requiring intellectuals to participate in patriotism-themed activities and training to achieve the Chinese dream of national rejuvenation,โ reports the ย Global Times. The campaign targets โyoung and middle-aged intellectuals at schools, research institutes, enterprises and public institutes.โ
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Artist Ai Weiwei ่พๆชๆช, who is living in Germany, โposted videos on Instagram showing Chinese authorities razing his former studio in Beijing,โ according to China Digital Times, which has compiled reporting on the destruction of a building Ai has occupied since 2006. โThe demolition began Friday without advance warning, leaving little time for the removal of artworks stored in the space.โ
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Xinjiang camps bibliography: Here is a list of articles and resources about the โreeducation campsโ and massive social engineering project under way in Xinjiang, from the MCLC Resource Center. ย
โJeremy Goldkorn
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Our whole team really appreciates your support as Access members. Please chat with us on our Slack channel or contact me anytime at jeremy@thechinaproject.com.
โJeremy Goldkorn, Editor-in-Chief
BUSINESS AND TECHNOLOGY:
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On-demand transport
China’s Didi to invest $1 billion in its auto services platform / Reuters
โDidi Chuxing, Chinaโs largest ride-hailing service, said on Monday it will invest $1 billion in its auto services businessโฆwhich includes auto leasing, car maintenance and gas station services.โ Reuters also says, โDidi is preparing for a blockbuster IPO, which could happen as early as next year.โ -
Private equity slump
China private equity funds suffer wave of closures / FT (paywall)
โIn the first six months of this year, the Asset Management Association of China (Amac) โ a government-controlled industry body โ โlost contactโ with 163 private fund institutions, more than 70 percent of the total for which contact was lost for 2017.โ -
Googleโs return to China ?
Google’s rumored return to China triggers pointed questions from Senate / CNET ย
โIs Google’s Dragonfly real, and does it mean the Silicon Valley company is cooperating with China to censor citizens’ searches?โ
Google looks to offer cloud services in China / TechNode ย
โGoogle is said to be in talks with companies including Tencent to offer its cloud-based products in China. Negotiations reportedly began in January 2018. However, there is some uncertainty as to whether the plans will go ahead amid trade tensions.โ -
Iron ore, steel, and coal
China’s cleanup efforts create boom for South African miner / WSJ (paywall)
โProfit soars for Anglo Americanโs Kumba unit amid rising demand for higher-grade iron ore.โ
China’s Shandong Province cuts steel and coal capacity in environment plan / Reuters
โChinaโs eastern Shandong Province has unveiled new targets to cut steel and coal production capacity, eliminate outdated aluminum smelters and change to cleaner energy as part of a broader nationwide anti-pollution push.โ -
PR stunts
Airbnbโs Great Wall of China competition upsets Chinese social media users / SCMP
โEight travelers will get the chance to stay overnight at the Great Wall of China next month if they win a competition, but internet users are concerned over possible damage to the 2,600-year-old landmark. Room-booking app Airbnb has temporarily converted an old watchtower at the Badaling section of the wall into a double bedroom.โ -
Consumer debt
China millennials’ love of credit cards raises debt fears / FT (paywall)
โOutstanding consumer loans โ used for vehicle purchases, holidays, household renovations and buying expensive household goods โ in China grew nearly 40 percent last year to reach Rmb6.8tn [$992 billion], according to Chinese investment bank CICC.โ -
Alibaba and Tencent
Alibaba renews foray into Tencent turf with Taobao mini game platform / TechNode
โChinese e-commerce giant Alibaba has been quietly bolstering its gaming business over the past two months, renewing its efforts into a field thatโs historically the domain of arch-rival Tencent. The company has added a total of 16 mini games to its online marketplace Taobao to date.โ
Chinese businesses duped by fake Alibaba staff into buying mini app services / TechNode
โA number of Shenzhen-based businesses were tricked into paying large sums to buy mini program services by sellers representing themselves as Alibaba and Tencent staff.โ
Tencent Cloud user claims $1.6 million compensation for data loss / TechNode ย
โThe reputation of Tecentโs cloud computing service Tencent Cloud has taken a serious knock on Monday. A Tencent Cloud user under the name of โๅๆฒฟๆฐๆฎ (qianyan shuju, literally โcutting-edge dataโ)โ claims an indemnity of RMB 11,016,000 ($1.6 million) for metadata damage to files hosted by Tencent Cloud due to bugs in the firmware.โ -
Huawei
Huawei in British spotlight over use of U.S. firm’s software / Reuters
โHuawei Technologies is facing increased scrutiny in Britain because it is using an aging software component sold by a firm based in the United States, one of the countries where lawmakers allege its equipment could facilitate Chinese spying.โ -
Bitcoin and cryptocurrencies
Taiwanโs crypto scene is booming, but still needs a clearer regulatory framework to thrive / TechNode ย -
Death of a social network
The failed โFacebook of Chinaโ leaves its future in the hand of users / TechNode
โAfter years of struggle, the founding team of Renren, Chinaโs forgotten social network, has finally decided to let go of their efforts to restore the platform to its former glory, leaving the fate of the site in the hands of users and partners instead.โ -
Video games
Will Chinaโs latest gaming console rival Xbox and PlayStation? / Sixth Tone
โJust as console makers like Atari and Sega hold a special place in the hearts of Western gamers, the nostalgic equivalent in China might be Xiao Bawang, meaning โLittle Tyrant.โ The Guangdong-based company โ which goes by the English name Subor โ produced some of the countryโs first video game consoles and gave many Chinese their first taste of gaming. On Friday, Subor announced the release of Chinaโs first-ever high-spec video game console.โ -
Chinese pork supplies at risk?
Pig stocks slump on China’s first African swine fever outbreak / Bloomberg (porous paywall)
โChina last week reported its first ever outbreak of African swine fever at a farm in Shenyang, spurring a cull, a ban on transportation and a quarantine for neighboring areas. The hemorrhagic disease is highly contagious and mortality rates can be as high as 100 percent, according to the World Organization for Animal Health. Itโs not a threat to humans.โ
POLITICS AND CURRENT AFFAIRS:
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Military leadership: No changes
No new generals named on Chinese military anniversary as Xi Jinping breaks with tradition / SCMP
โChinese President Xi Jinping broke with tradition by choosing not to name any new generals during the Peopleโs Liberation Army anniversary this year, a move analysts say shows a preference for promoting people based only on merit and need. It was also the first time Xi did not announce any promotions during the event since he took over as head of the worldโs biggest army in late 2012.โ -
Corruption โ officials under investigation
Shanghai Airport Authority boss under investigation for violating Party discipline and laws / SCMP
โIn the biggest scandal involving a Shanghai-based state-owned company boss in three years, Wu Jianrong ๅดๅปบ่, chairman of Shanghai Airport Authority, has been placed under investigation for violating Party discipline and laws.โ See the Chinese report by Caixin here. -
Taiwan
Taiwanโs President Tsai Ing-wen wants US$11 billion defense budget as Beijing threat grows / AFP via SCMP
โTaiwanese President Tsai Ing-wen said on Monday she is seeking to increase military spending, as relations with Beijing deteriorate. Her proposal to increase the 2019 defense budget by 5.6 percent to NT$346 billion (US$11.3 billion) will go before parliament after the summer recess.โ
Taiwan to hit back at airlines that say island belongs to China / Bloomberg (porous paywall)
โTaiwan is looking at ways to hit back at foreign airlines that recently caved in to pressure from Beijing to refer to the island as part of China.โ
Taiwanโs Quemoy Island begins importing water from mainland China amid rising cross-strait tensions / SCMP
โTaiwan-controlled Quemoy Island has started importing water from nearby Fujian Province to ease its shortage, despite rising tensions across the strait. Also known as Kinmen, officials from the island โ which is just 2 km from the mainland Chinese city of Xiamen and was a flashpoint during the cold war โ signed an agreement with Fujian in 2015 to provide water for 30 years to resolve the problem.โ -
Chinese โinfluence operationsโ debate โ Australia
Australiaโs China reset / The Monthly
John Garnaut is the former Beijing correspondent for Fairfax Media, and a key voice in the Australian debate over Chinese influence over Australian politics and society. In this essay, he describes how โthe Australian media has become globally renowned for exposing the darker dimensions of [China]โs international reach,โ despite the fact that Australiaโs economy has benefited enormously from the relationship. -
Chinese โinfluence operationsโ debate โ Singapore
Worries grow in Singapore over Chinaโs calls to help โMotherlandโ / NYT (porous paywall)
โ[W]ith ethnic Chinese constituting nearly 75 percent of Singaporeโs population of 5.6 million, some scholars and former diplomats worry that this island nation could be an especially tantalizing target for the Chinese governmentโs influence efforts.โ -
Poverty in Hong Kong
Number of people sleeping in Hong Kong McDonaldโs branches skyrockets, as residents battle high rents and substandard housing / SCMP
โThe number of people sleeping in McDonaldโs branches in Hong Kong has increased six-fold over the past five years, partly driven by skyrocketing rents and substandard housing that makes life especially unbearable in the cityโs baking weather, a study has found.โ -
GE engineer denies espionage charges
GE engineer’s attorney: “This is not espionage” / Times Union
Zheng Xiaoqing (rendered as ้ๆ้ in this Chinese-language report) is a GE engineer who was arrested by the FBI last week and โcharged with using sophisticated techniques to steal digital files on the company’s turbine technology โ possibly to benefit his interest in Chinese firms.โ Last week, Zheng’s attorney โsaid his client’s reputation had been unnecessarily โdestroyedโ and offered a forceful defense against many of the government’s arguments.โ -
South Pacific islands
Trouble in paradise: A Chinese occupation in Tahiti / Diplomat
โQuestions surround the Chinese consulateโs illegal occupation in French Polynesia,โ against the background of China filling โthe vacuum left by receding U.S. and French power projection in the region, as well as Australia and New Zealandโs long-standing neglect of key relationships.โ -
Pakistanโs new prime minister
Imran Khanโs first test: Pakistanโs troubled economy / NYT (porous paywall)
โImran Khan, the former cricket player whose political party won Pakistanโs disputed election late last month, vowed to tackle the distressed economy the moment he ascends to the premiershipโฆ But the task will be made more difficult because Pakistan has sandwiched itself between two financial powers: China, from which it has borrowed heavily, and the Western-dominated International Monetary Fund, which might be its short-term savior.โ -
Belt and Road reportage
Chinaโs empire of money is reshaping global trade / Bloomberg
โChina is building a very 21st century empire โ one where trade and debt lead the way, not armadas and boots on the ground,โ argues this essay with reportage from Belt and Road hotspots Yiwu; Hambantota, Sri Lanka; Gwadar, Pakistan; Mombasa, Kenya; and Piraeus, Greece. -
Free speech in Hong Kong
Ex-leader CY Leung dares Foreign Correspondentsโ Club to give up lease and make open bid for site as Andy Chan row escalates / SCMP
โFormer Hong Kong leader Leung Chun-ying on Monday challenged the cityโs Foreign Correspondentsโ Club (FCC) to give up its lease and bid for the premises in the open market, as he ramped up his attacks over its refusal to cancel a planned talk this month by a separatist party founder. โIf the FCC believes that they are not being subsidized by [the] government, perhaps they should give up the lease.โโ
SOCIETY AND CULTURE:
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Top of box office โ remake of Brewsterโs Millions
China copyrights: Hello Mr. Billionaire and public domain material / China Film Insider
โCurrently, the number one film in China is the smash hit Hello Mr. Billionaire [่ฅฟ่นๅธ้ฆๅฏ xฤซhรณngshรฌ shวufรน]โฆ Itโs a comedy about a hapless soccer player who stands to inherit 30 billion RMB, but only if he can spend 1 billion RMB in a month.โ The film is a remake of Brewsterโs Millions, based on the 1902 novel Brewsterโs Millions, by George Barr McCutcheon. -
Policing bullies
Public praise for rare show of emotion by police in China after elderly man attacked / SCMP
โโToday we issue a reproach. Anyone who bullies the most vulnerable groups in society โ for example an elderly man in his 60s โ should be spat upon by society,โ the statement said.โ -
#MeToo China
The month that changed China’s #MeToo movement / Sixth Tone Twitter feed
The above links to a useful chart of 29 public sexual harassment accusations against high-profile figures in universities, media, NGOs, and other sectors in China in July, originally from this article: The movement shattering Chinaโs culture of silence.
See also: Male colleague made โthrustingโ motions at me, Hong Kong policewoman says in sexual harassment case over tax evasion claim / SCMP -
Sex education and erectile dysfunction
While some Chinese men guzzle Viagra, others are scared stiff / Sixth Tone
โAs an andrologist โ a doctor specializing in male diseases โ I frequently encounter people who ask me about erectile dysfunction. One recent patient had no quibbles about coming straight to the point. A somewhat bossy man in his 40s or 50s, he strode straight into my consultation room and demanded a prescription for ten boxes of Viagraโฆโ -
Ways of coming to America
Chinese girl, 12, found safe after airport disappearance / SCMP
โA 12-year-old Chinese tourist has been found safe in New York a day after her tour group reported her missing from a Washington-area airportโฆ Metropolitan Washington Airports Authority Police said Ma Jinjing was found on Friday in the custody of her parents in Queens, New York.โ -
Art
The man who played with fire / Sixth Tone ย
โCai Guoqiang ่กๅฝๅผบ is known for his fireworks that explode across skies, but his latest exhibition was held in a more constrained environment: an almost 200-year-old Spanish art museum.โ -
Chinese students in America
American Airlines apologizes after forcing Chinese musician and her cello to leave plane / SCMP
ON SUPCHINA
Kuora: The fascinating appeal of Mexican food in China
Kaiser Kuo writes, โOver the years Iโve fed Mexican food โ not absolutely 100 percent โauthentic,โ but pretty close โ to dozens of Chinese friends while living in Beijing. Theyโve eaten enchiladas, adobo, arroz, frijoles, carnitas, machaca, various tacos, tortilla soup, and much more. And every single one of my Chinese friends has not only loved it, but heaped on seconds and eaten to nearly the point of discomfort.โ
Demba Ba enraged by alleged racism during Chinese Super League match
Chinese football authorities are investigating claims of racial abuse directed at former Newcastle and Chelsea star Demba Ba in a Chinese Super League game on August 4 between Ba’s Shanghai Shenhua and Changchun Yatai FC. The accused, Changchun’s Zhang Li, replied: “I didnโt use any form of racist language. Demba Ba cursed me in Chinese, so I replied in English โ just one word, a most simple one, perhaps one that exists in every soccer circle around the world.โ
Team China debuts at Gay Games in Paris
On August 4, 87 Chinese participants, including Chinese residing abroad, joined a parade of athletes and supporters at the Stade Jean-Bouin in Paris to mark the opening of the 10th international Gay Games, a one-week sporting event modeled after the Olympics and dedicated to raising awareness of gay and transgender rights.
Profane roadside rant against Beijingers incites Beijing mob
On Friday, a driver in Beijing โ who was not from the city โ learned the perils of casting aspersions on Beijingers in the nation’s capital. It all started when Cao Yuan’ang ๆน่ฟ้ชฏ was caught on video cursing out a local biker and besmirching the good name of Beijingers. What followed was a human flesh engine search, online harassment, and a veritable old-fashioned mob.
Friday Song: A summer song for hot summer romance
โ1234567โ is not your typical summer banger of infectious melodies and vacant lyrics about beaches and barbecues. Rather, itโs more of a slow-burning jam built on intimate moments that are unique and specific to the season. Itโs a perfect song to play on heavy rotation if you are in a summertime romance and determined to let the infatuation intensify along with the temperature.
Early-Access Sinica Podcast: Introducing the NรผVoices Podcast
Today, weโre very proud to present a new podcast in the Sinica Network on The China Project. Itโs called NรผVoices, and itโs a show all about women in China, with a focus on women in media and the arts. Itโs hosted by Alice Xin Liu, a translator originally from Beijing, who grew up in the U.K. before coming back to Beijing, and by Joanna Chiu, a Hong Kong Canadian journalist whom youโve heard on Sinica a couple of times in the last year. Todayโs show features Yuan Yang, a correspondent for the Financial Times in Beijing. We hope you like it, that it makes you think โ and that youโll subscribe (iTunes, Overcast, Stitcher, RSS feed). And keep an ear out in the coming weeks as we introduce more great podcasts about various facets of China.
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Subscribe to early access Sinica by plugging this RSS feed directly into your podcast reader.
The Caixin-Sinica Business Brief, episode 59
This week on the Caixin-Sinica Business Brief: Hong Kong Stock Exchange revising rules to crack down on โbackdoor listing,โ Starbucksโs ambition to enter Chinaโs booming food-delivery sector, Doug Young on Googleโs rumored return to China and the many controversies surrounding it, and more.
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Subscribe to the Business Brief on Apple Podcasts, Overcast, or Stitcher.
PHOTO FROM MICHAEL YAMASHITA
Gathering coal in Qinghai
In this photo from 1998, workers collect coal at a mine in the Qilian Mountains in Qinghai Province. China is the worldโs largest coal producer and consumer. However, since 2013, its coal consumption has declined as the government has pushed cleaner fuels such as natural gas. The shift is not easy: Last winter, there were natural gas shortages, and restrictions on coal had to be loosened. ย
โJia Guo