The Caixin-Sinica Business Brief episode 230: TikTok in the hot seat, Huarong warns of big losses, and the Guangzhou government is moving markets

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This week on the Caixin-Sinica Business Brief: TikTok chief defends the app’s independence in U.S. Congressional hearing, Tron founder faces U.S. lawsuit for crypto misconduct, and China Huarong warns of $4 billion loss for 2022.

In addition, Kelsey Cheng joins to talk about the controversy surrounding the plan to relocate the enormous Zhongda textile market in Guangzhou.