Caixin China Biz Roundup: Pakistan Bans TikTok

In today’s episode: Pakistani authorities crack down on the ByteDance app, citing concerns over ‘immoral and indecent’ content; the onshore yuan has staged its biggest single-day rally in 13 years amid growing optimism of a Democratic victory in the U.S. presidential elections; and sales at the duty free stores in Hainan exceed 1 billion yuan over China’s National Day holiday