The Caixin-Sinica Business Brief episode 242: Climate talks resume, Tencent allows foreign banks for mobile payments, and Beijing pledges a bigger, better, and stronger private sector

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This week on the Caixin-Sinica Business brief: WeChat lets users link overseas cards for everyday payments in China, U.S. climate envoy John Kerry visits China Rio Tinto warns of slowing iron ore shipments as China recovery falters, and China vows to create a bigger, better, and stronger private sector.

In addition, Kelly Wang gives the latest on China’s efforts to lower drug prices and the impact it’s having on big pharma.