This week on the Caixin-Sinica Business Brief: China reports 4.9% economic growth in the third quarter; President Xí Jìnpíng 习近平 made 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.
