China’s benchmark Shanghai Composite Index (000001.SH) lost 1.92% on Monday, while the Shenzhen Component Index (399001.SZ) fell 1.51%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.27% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Macao Allows Travelers to Quarantine at Home in Latest China Easing Measure
Travelers will have to spend five days in home isolation and then stay in the region for five more days if they intend to travel to the mainland, local authorities say
· Weekend Long Read: There Is More to China’s Drop in Consumer Spending Than Covid-19
Consumption won’t rebound just because Covid policies have been relaxed. Multiple factors have upended household balance sheets, leaving them with reduced income and uncertain futures
· Key Policy Meeting Highlights Economic Stability and Restoring Confidence
Central Economic Work Conference sets 2023 priorities including better coordination of pandemic controls with economic growth
· China Plans for Air Travel Surge Over Lunar New Year Holidays
Under CAAC plan, flights should rebound to 88% of pre-pandemic levels by the end of January from just 22% at the end of November
· Tech Insider: Huawei Faces U.S. Banking Ban, Buffett Trims BYD Stake
U.S. blacklists more Chinese tech firms, Oppo unveils in-house Bluetooth audio chip
· Short on Staff, Some Chinese Hospitals Insist Covid-Infected Workers Get Back on the Job
Sick medical personnel are being asked to return to fever clinics or emergency departments after their fever subsides
· Weekly Must-Read: Covid Chaos at China’s Hospitals as Stringent Control Policy Eases
Health care centers from Guangzhou to Shijiazhuang and Beijing are slammed amid surging infections and severe shortages of medical workers
· China’s November Urban Jobless Rate Jumps to 5.7%
Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market
· China Considers More Property Market Support, Vice Premier Says
Liu He makes comment in remarks before a China-EU forum, where he also called for thawing the parties’ frozen investment accord
· Volkswagen to Build All-Electric Tavascan Car in China
German auto giant’s Cupra brand plans to export the vehicle made in Anhui province to global markets
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This article was generated by Caixin Automation.
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