Welcome to the 55th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it features a business news roundup, plus conversations with Caixin reporters and editors.
This week:
- We analyze the threat of a trade war between the United States and China, as it has become a reality.
- We explore how Chinese stocks were unfazed by the trade tensions.
- We learn that several prominent banks and private investors have been left in the lurch since the boss of a licensed Shanghai wealth management firm disappeared early last week.
- We hear that China Communications Construction (CCC), which was building a major section of a $20 billion railway in Malaysia, said it has suspended the project at its client’s request.
- We discover that Shenzhen-listed construction company Jiangsu Yabaite 江苏雅百特 Technology faces delisting for fabricating information in its financial reports.
- We find out that passengers flying to the U.S. now face extra scrutiny if they hand-carry a quantity of powder larger than a Coke can — a new rule that market observers said might become a common practice in other parts of the world.
- We discuss how Dying to Survive (我不是药神 wǒ bùshì yào shén), China’s most discussed film of late, has surprised observers with its portrayal of social problems amid the country’s heavily censored environment.
- We note that China’s movie receipts expanded 18 percent year-on-year in the first half of 2018, after surpassing North America in single-quarter takings for the first time ever.
In addition, we talk with Doug Young, managing editor of Caixin Global, about the death of Wang Jian 王健, the chairman of HNA (formerly Hainan Airlines), while he was on a tourist excursion during a business trip to France on July 3. Doug also tells us about China’s restaurant review and delivery giant Meituan entering the dockless bike share business that China pioneered.
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