This week on the Caixin-Sinica Business Brief: China’s 1Q GDP grew by a surprising 4.5%, ByteDance sticks to its strengths with release of products for AI developers, private equity investment in China plunges to an eight-year low, and a Beijing hospital fire leaves 29 dead.
In addition, Kelsey Cheng talks about why Apple’s Chinese contract manufacturers are diversifying, mainly into auto parts.
