Welcome to the 86th 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 discuss how the U.S.-China trade war is dragging on after Trump raised tariffs from 10 percent to 25 percent on $200 billion worth of Chinese goods.
- We hear that investors have shown greater-than-expected interest in China’s Starbucks challenger Luckin Coffee, oversubscribing the company’s U.S. IPO several-fold.
- We learn that Netflix is acquiring the rights to another show from Alibaba’s Youku video service, increasing efforts to serve Chinese viewers around the world.
- We analyze the shutdown of the Melbourne office of China’s second-largest online seller, JD.com, as it has come under growing pressure to show investors it can be profitable.
- We note that China is beefing up control of the deadly pig contagion ravaging its mammoth pork industry, ordering mandatory testing for African swine fever at more than 10,000 slaughterhouses nationwide.
- We learn the news that China’s rural migrant worker population grew at a decade-long low last year.
- We chat about the removal of Chinese liquor-maker Moutai’s chairman from his post, with a source saying that the dismissal may have been related to him abusing his power and manipulating the market.
In addition, we talk with Tanner Brown, co-producer of this podcast and head of real-time news at Caixin Global, about a case of corruption.
