China’s benchmark Shanghai Composite Index (000001.SH) lost 2.41% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 3.34%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 4.73% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 3.82%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: Three Ways Tech Innovation Can Help Us Meet Climate Goals
Reaching net zero will require rapid scaling up of existing clean energy solutions, developing new ways to make and store clean energy, and exploring ways to reverse historical emissions
· China Pours On Billions of Dollars More in Tax Relief
In sweeping expansion of stimulus to offset Covid slowdowns, State Council also delays loan payments, extends social security tax relief and vows more construction and farmer support
· China Suspends Overseas Tours, Discourages Citizens From Going Abroad
‘Zero-Covid’ policies mean continuation of travel restrictions amid worst pandemic outbreaks in two years, authorities say
· Exclusive: China’s Climate Envoy Meets With IEA Chief in Davos
Xie Zhenhua describes China’s renewable energy push in response to global climate change during session with Fatih Birol
· China’s Scale and Opening-Up Will Lure More Investment, Experts Say
Financial leaders at Davos forum on China see increased resilience and ‘tremendous’ opportunity despite short-term volatility
· Zhejiang Lays Out Plans for 100 New Renewable Energy Projects
Province is the first to roll out a roadmap for the construction of a ‘new power system’
· Climate Envoys From China, U.S. Expected to Meet at Davos
World leaders met in person at the annual economic forum for the first time since the start of the pandemic
· Cover Story: China’s Safety Problem With Illegal Buildings
Deadly April collapse of a ‘self-build’ in the Hunan capital Changsha following similar disasters sets off a nationwide hunt for perilous structures
A 54% stake in Southwest China-based Sinuowei Mining attracts the highest bid of 2 billion yuan amid a surging demand for the metal
· Shanghai’s Economy Pounded in April by Covid Lockdowns
Industrial output plummets 61.6%; consumer goods sales plunge 48.3%; fixed-asset investment declines; and new lending shrinks
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This article was generated by Caixin Automation.
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