China’s benchmark Shanghai Composite Index (000001.SH) lost 0.54% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.29%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.24% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.21%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Sands of Time Ticking on China’s Fight to Hold Back the Desert
With Northern China hit by the most sandstorms in nearly a decade this year, experts are warning a more sophisticated approach may be needed to combat desertification
· U.S. Chipmaker Micron Says Half of Revenue From China Firms Impacted By Failed Security Review
Critical information infrastructure operators or government representatives in China are contacting some customers about the future use of its products
· China’s Cabinet Proposes Stronger Measures to Boost Recovery Momentum
State Council will expand effective demand, strengthen and optimize the real economy, and prevent and resolve risks in key fields
The country needs to address the longstanding liability of racial inequality and the stifling repercussions of apartheid in education
· Chinese Private Equity Veteran Gao Bin Under Investigation
Probe may be related to corruption investigation of Zhu Congjiu, former assistant chairman of the CSRC, where Gao previously worked
· In Depth: As Chinese Developers Inch Toward Offshore Debt Deals, Long-Term Headwinds Persist
The housing market won’t return to its glory days and companies may not be able to raise enough money to pay back all their borrowings, analysts say
· Roundup: May’s Disappointing Data Dent China’s Growth Prospects
A slowdown in retail sales growth and shrinking property investment have analysts predicting more stimulus is on the way
U.S. targets China’s supercomputing and aviation industries with latest trade bans, Nio joins China’s auto price war
· Family of Murder Victims Sues Police Officer for Defamation in Online Spat Spun From Case
In 2020, a series of killings rocked China’s social media. While the murderer has been executed, the case took a new turn as the family of the victims target the police for inaction
· Xi Tells Bill Gates He Hopes Friendship Between Chinese and Americans Will Continue
China’s president and Microsoft’s co-founder discussed strengthening cooperation in areas including innovation, global poverty reduction and public health
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