China’s benchmark Shanghai Composite Index (000001.SH) lost 5.13% on Monday, while the Shenzhen Component Index (399001.SZ) fell 6.08%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 6.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 5.56%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Shanghai’s Rocky Road to Rebooting
China’s financial, logistics and manufacturing giant struggles to get back on its feet as Covid lockdowns snarl logistics and restrict the workforce
· Shanghai Reports Steep Rebound in Covid Cases as Citywide Testing Intensifies
The latest surge complicates government efforts to prevent virus spread and dashes hopes of gradual lifting of a strict lockdown
· China’s Heavy-Cargo Truckers Feel the Heavier Hand of Regulation
Local authorities have tightened enforcement of policies governing overloaded freight vehicles in the wake of a bridge collapse and spread of Covid among truck drivers
· Weekend Long Read: The Challenges of Building Up China’s Biobank
Obstacles remain to funding, data handling, and breaking down the silos that separate researchers and physicians
· Shanghai’s March Industrial Output Falls 7.5% on Covid Lockdowns
Pandemic-fighting measures cause first contraction in two years, city reports as officials push for resumption of production by local businesses
· Graft Probes Ensnare College Buddies Who Were Top Bankers
Cases of former Industrial Bank board Chairman Jiang Yunming and former China Merchants Bank President Tian Huiyu may be linked, sources say
· Three Things to Know About China’s New Futures Law
The new framework comes as the country has opened the market to greater overseas participation
· China’s Covid Controls Are Disrupting Spring Planting
Farmers in Northeast China are finding it hard to begin cultivation due to restrictions on their movement
· China OKs Six New Nuclear Reactors
Analysts expect the sector will continue expanding as the country works toward its carbon emission reduction goals
· Tech Insider: Xiaohongshu Slashes Workforce, Didi Scales Back in Japan
Huawei rebrands consumer business, blockchain gaming firm makes Australian acquisition
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This article was generated by Caixin Automation.
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