A weekly round-up of top business and financial news from China's leading financial magazine, Caixin, produced and hosted by the Sinica Podcast's Kaiser Kuo, featuring full stories from Caixin and conversations with Caixin writers and editors.
The Caixin-Sinica Business Brief, episode 138
This week on the Caixin-Sinica Business Brief: Chinese President Xi Jinping announces that China will “actively consider” joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership; China’s national legislature approves an amended copyright law that increases maximum penalties for copyright infringement tenfold; and the Malaysian state government of Melaka terminates a major $10.5 billion Belt and Road Initiative project in the country.
In addition, we speak with Caixin Global’s podcast producer, Nandini Venkata, about recent fraud allegations against JOYY Inc.
The Caixin-Sinica Business Brief, episode 137
This week on the Caixin-Sinica Business Brief: In a sign that may signal warming business relations between China and the U.S., China’s Foran Energy Group has signed a first-term, five-year deal with an American liquefied natural gas producer; continuing a six-month expansion, China’s domestic manufacturing rises to the highest levels since January 2011; and China bans visitors from six countries due to rising COVID-19 cases.
In addition, we speak with Caixin Global managing editor Doug Young about the now-stalled Ant Group IPO and what may come next.
The Caixin-Sinica Business Brief, episode 136
This week on the Caixin-Sinica Business Brief: China unveils its 14th Five-Year Plan, which details a goal of GDP per capita levels similar to those of Spain, South Korea, and Italy; a Caixin exclusive reveals that China may be getting ready to scrap a key element of the way it sets the daily reference rate for the yuan; and China signs more debt-freeze deals with poorer nations as they continue to wrestle with the coronavirus.
In addition, we speak with Caixin Global reporter Tang Ziyi about the upcoming IPO of Ant Financial and how investors and the market are reacting to the listing.
The Caixin-Sinica Business Brief, episode 135
This week on the Caixin-Sinica Business Brief: Sweden bans Chinese telecommunications giants Huawei and ZTE Corp. from its 5G network; China’s central bank announces its digital currency will be able to be used without an internet connection; and one of China’s largest fast-food chains rolls out artificial meat options made from seaweed proteins.
In addition, we speak with Caixin Global’s general news reporter, Matthew Walsh, about Xi Jinping's pledge for China to achieve carbon neutrality by 2060.
The Caixin-Sinica Business Brief, episode 134
This week on the Caixin-Sinica Business Brief: China reports 4.9% economic growth in the third quarter; President Xí Jìnpíng 习近平 made remarks on the 40th anniversary of the establishment of the Shenzhen Special Economic Zone; the Shenzhen Stock Exchange admits to a 32-minute technical error in its trading system; and budget household goods retailer Miniso raises $608 million in a New York IPO.
In addition, we speak with Caixin Global managing editor Doug Young about Lenovo reclaiming its spot as China’s top PC maker, as well as a viral social media post about a case of smartphone identity theft.
CORRECTION: The story on Chinese retail outlet Miniso incorrectly states the amount raised at $6.08 billion, when the correct number is $608 million. We apologize for the mistake.
The Caixin-Sinica Business Brief, episode 133
This week on the Caixin-Sinica Business Brief: Shenzhen will provide approximately $1.5 million of coupons to residents to test the digital yuan, China’s virtual currency; coverage of the 2020 NBA finals returns to television in China; and SMIC, China’s largest chipmaker, finds itself caught in the U.S.-China tech war with new export restrictions.
In addition, we speak with Caixin Global managing editor Doug Young about Meituan and Pinduoduo and how the two companies could be gaining ground on Alibaba’s dominance in China’s internet and technology industry.
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Kaiser is a CCP Apologists
Kaiser Kuo is an apologist for the Communist Party.
I listened to his show and participated in his Facebook page conversations for over five years, with even many in-depth one-on-one conversations with him through email and Facebook Messenger. Also, I want to point out that I identify as a secular, anti-imperialism, democratic socialist (like Bernie Sanders), not a neoliberal, ultranationalist, or neoconservative. I also lived and worked in China for a about decade and am literate in Chinese at the advanced level.
Why He is an Apologist:
He tends to promote a theme that we should have empathy for the Chinese people based on their brutal history of imperialism and self inflicted wounds, which I think many people can agree with at first glance. However, implicit in this claim is if you advocate human rights for the Chinese people you do not have empathy for them and are engaging in cultural imperialism, especially if you are white. Interestingly, this premise is similar to CCP propaganda that claims “You have hurt the feelings of the Chinese people”, are “interfering in their internal affairs”, and “you don’t understand China [because you are white]” every time they disapprove the actions of various international organizations or governments.
Kaiser tends to tone this perspective down on his podcast because of its broad audience, however, he does not limit himself in his associated Facebook page. Here we get a better idea of his biases and how they play into the delivery of his podcast. He allows the political views of many indoctrinated mainland Chinese and their sympathizers to take precedence over anyone who promotes human rights. It does not matter if you are a Trump supporting ultra-conservative/neoconservative, Biden supporting neoliberal, or even a Sanders supporting democratic-socialist who shuns America’s imperialistic illegal wars. If you promote human rights you are often explicitly or implicitly accused of promoting cultural imperialism or lacking empathy for the Chinese people, without being allowed to fully argue your point. Kaiser and his followers will often gaslight and curse at you. If you are white and promote human rights be prepared for many not to listen to you based on that factor alone.
In direct conversations with Kaiser he has claimed human rights abuses happening to Xinjiang, Tibet, Hong Kong, and on the mainland in general are hyperbole in western media, along with how China is constantly threatening Taiwan with military invasion. He has also mentioned that the Communist Party’s degradation of Hong Kong’s One Country, Two Systems policy does not matter to him.
If Kaiser wants to avoid the apologist label, perhaps he should realize that promoting human rights for China is a fundamental aspect of having empathy for the Chinese people and to ignore this is apologetic. He should realize that it is possible to promote human rights for China without imperialistic military force. He should realize that what he claims to be cultural imperialism are actually enlightenment ideals a large portion of the Chinese populace has already chosen themselves to embrace without violent foreign intervention. He should realize that the company he keeps is a reflection of who he is and, so far, it’s not good company if human rights is what he truly values.
Where’s the Beef?
Yes, I enjoy the news briefs. I especially follow news about Chinese demographics. After hearing teaser of a story about that topic I eagerly waited for the two-digit number that says it all: What is the latest birth-rate number. After listening to the report, the only thing that was missing was the Beef. Yet I just know, for certain,that whoever researched the information for the report knew the number, saw that number, understands the importance of that number, and yet failed to report it. This is FAKE NEWS. To not include information pertinent to the story is at the least, misleading. At its worst, the essence of FAKE NEWS. You really should be ashamed of yourself. While unimportant to you, I am one strike away from totally unsubscribing . Try not to always kow-tow to your Beijing masters. 新年快乐