China’s benchmark Shanghai Composite Index (000001.SH) lost 0.93% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.24%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.39% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.34%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Commentary: Can India Be the Next China? There’s a Better Question to Ask
The South Asian country might not become as big an industrial powerhouse as its neighbor soon, but it has the potential to rapidly grow its manufacturing sector
Verdict expected this month in EU anti-subsidy probe of Chinese-made electric vehicles, Nio’s more affordable electric vehicle brand to start selling first car in September
· Shanghai Volant Secures Fresh Funding as eVTOL Sector Prepares for Take-Off
Startup rides investment wave as low-altitude economy race hots up
· Visa Waivers See Foreign Tourists Flocking Back to China
Big leap in visitor numbers to China but still not back to pre-Covid levels
· China Looks to Make Tying the Knot Easier as Marriage Rate Continues Decade-Long Decline
Under draft regulation, couples trying to register would no longer need to present their household registration documents, could get married anywhere in the country
· Opinion: The Time is Right to Deepen Interest Rate Marketization
A clear understanding of the factors affecting the efficacy of marketization is required, along with profound and systematic reforms
· Commentary: Japanese Prime Minister’s Resignation Will Have Neutral Impact on Monetary Policy
The probability of an October rate increase has declined, but a December hike is likely
· Cover Story: Chinese Gamble With Their Lives in the Philippines Amid Waves of Kidnappings
Labeled by international media as the “kidnapping capital of the world” in the 1990s, Manila today is plagued by trans-national criminal networks that are now increasingly targeting visiting Chinese businesspeople, who they often snatch for ransom right at the airport
· China’s Ganfeng Lithium Unit Inks JV With Turkish Battery Producer for New Plant
Ganfeng LiEnergy Tech will join Istanbul-listed Yigit Aku to build a $500 million plant in Turkey with annual capacity of 5 gigawatt hours
· Final Verdict in EU Anti-Subsidy Probe of Chinese-Made EVs Expected by End of Month
China trade chamber made the prediction on the investigation, which last month found Chinese makers benefited from ‘unfair subsidization,’ imposing provisional punitive duties
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This article was generated by Caixin Automation.
