China’s benchmark Shanghai Composite Index (000001.SH) gained 0.14% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.28%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.15% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.65%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Nomura Expects China’s GDP Growth to Slow to 4.5% in 2024
Failure of China’s property market to recover is exacerbating economic problems, warns economist
· Two Chinese Shipbuilders to Merge, Creating Global Titan
The resulting entity will be the world’s largest listed shipbuilder, holding one-third of the global market
· China’s New Economy Industries Slip as Labor Inputs Fall to Nine-Year Low
Caixin index shows weakest reading since March, with tech subindex contributing to the decline
· China to Launch Anti-Discrimination Probe After Canada Hikes EV Tariffs
Beijing also plans to start an anti-dumping probe into Canadian rapeseed imports as Ottawa increases duties on Chinese steel and aluminum
· China’s Cabinet Issues Guidelines to Attract Tourists And Export Its Culture
Measures aim to cut China’s large service sector deficit by drawing in visitors and promoting its cuisine
· Shanghai Pudong Development Bank Takes Full Control of Joint Venture after SVB Collapse
SPD Silicon Valley Bank gains approval to change name and halve its registered capital
· Another Key Executive at Bank of Beijing Falls From Grace, Sources Say
Former president Yan Xiaoyan has been taken away by authorities
· Bus Hits Crowd Outside Middle School in East China, Killing 11
A further 13 people were injured in the incident, which police say happened when the bus careered out of control
· China Auto Roundup: Used-Car Dealers’ Bumpy Ride, EU Tariffs Kick In
BYD’s dominance is taking a toll on smaller Chinese EV rivals, white paper argues China’s auto insurers must keep pace with driverless tech
· Lower Down Payments Boost Beijing’s Pre-owned House Sales But Prices Still Fall
Spike in sales the result of policy-induced price cuts, says analyst, but buyers still cautious
Click here to read more of the latest news.
This article was generated by Caixin Automation.
