Welcome to the 99th 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 find out that China’s large oil refiners are facing uncertainties after a drone attack in Saudi Arabia halved the country’s supply of crude oil.
- We note that a FedEx pilot was temporarily detained in southeastern China after authorities found hundreds of air-gun pellets in his luggage prior to boarding a commercial flight to Hong Kong, marking the delivery firm’s latest setback in the country.
- We report that aircraft manufacturer Airbus plans to launch on-demand helicopter services in China’s Guangdong-Hong Kong-Macao Greater Bay Area for short-distance urban trips.
- We discuss the sudden death of a male panda in Thailand, which has provoked nationalistic outrage on Chinese social media.
- We hear that China’s mobile game developers have steadily restored revenue growth this year from a sharp slowdown last year during a government suspension of new-title approvals.
- We chat about Chinese tech giant NetEase, which will build its third pig farm as the government vows to boost domestic pork production in response to the African swine fever epidemic.
In addition, we talk with Caixin Global managing editor Doug Young about Japanese lifestyle brand MUJI, which apologized for calling parts of Shanghai the “French Concession,” and Shanghai Disneyland’s lifting its ban on bringing in food from outside the park after customers’ complaints.
