This week on the Caixin-Sinica Business Brief: Pharmacies told to give out free meds, China to boost the supply of Pfizer’s Paxlovid, Xiaomi slashes staff after a third consecutive down quarter, and ‘Avatar 2’ breathes some life into the tepid Chinese box office.
In addition, Kelsey Cheng joins to discuss China’s weakening exports — and why export growth is weak despite favorable exchange rates.