China’s benchmark Shanghai Composite Index (000001.SH) lost 0.61% on Monday, while the Shenzhen Component Index (399001.SZ) fell 0.38%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.34% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.09%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: Boosting Consumption Requires Comprehensive Measures
If hundreds of people can — and dare to — consume, living standards will ascend to a new level, and reform will bring greater feelings of happiness and security
· Cover Story: U.S. Presidential Race Upended by Biden’s Withdrawal, Assassination Attempt on Trump
While Harris vies to lead Democratic ticket, nation contemplates the former president’s return to White House
· China General Nuclear Launches Nation’s First Fully Green Virtual Power Plant
The plant, which uses aggregated renewable power, will supply electricity for 80% of an industrial park in Ningbo
· China’s Top Prosecutors Order Arrest of Former Vice Chair of Hunan Legislature
Peng Guofu is suspected of accepting bribes and has already been booted from the Communist Party
· Weekend Long Read: The Role of Pricing in China’s Changing Power Market
Fair and efficient price-setting for renewable sources will play an important role in decarbonizing the power sector, argues former central banker Zhou Xiaochuan
· Beijing Offers 20,000 Extra EV License Plates to Boost Auto Sales
Capital relaxes auto ownership restrictions for first time in 10 years to meet demands of families without cars
· Lithium Producers Cut Production as Prices Plunge
Output of crucial EV battery element reduced as price is still below break-even price for some producers
· Vietnam’s Most Powerful Leader, Party Chief Trong, Dies
Seen as Vietnam’s most influential leader since Ho Chi Minh, Trong oversaw a vast economic expansion
· Caixin Explains: Five-Year Reform Plan Laid Out by Communist Party’s Third Plenum
The key meeting this week outlined policy directives in areas including the economy, technology and household registration
· China Passenger Rail Traffic Hits Record, Outpacing Freight as Commodity Demand Slides
Passenger trips rose 18.4% year-on-year to 2.1 billion in first half, according to the National Railway Administration, while cargo only edged up 0.6%
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This article was generated by Caixin Automation.
