China’s benchmark Shanghai Composite Index (000001.SH) gained 0.42% on Tuesday, while the Shenzhen Component Index (399001.SZ) closed nearly flat.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.13% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) ended nearly flat.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· EU Launches Anti-Subsidy Probe on CRRC Unit in Bulgarian Train Deal
Worst outcome of EU investigation could see locomotive unit blocked from $657 million electric train contract, warn legal experts
· Chinese Leaders Stress Deepening Reform to Address Challenges
Xi Jinping emphasizes need to improve land management systems to enhance regional development and support innovation
· Former BOC Chief Charged for Bribery, Illegal Loan Issuance
Former bank chairman accused of taking huge amounts in bribes is the latest financial veteran caught in anti-corruption net
· Q&A: Summers Draws Line on Use of U.S. Export Controls Against China
In an interview with Caixin, the former American Treasury secretary shares his views on problems facing China’s economy, relations between Beijing and Washington, and the promise of AI
· Commentary: Four Snapshots of China’s Economy Taken on Holiday Trips Home
An unscientific survey offers a glimpse of what Chinese outside the big cities are thinking about global trade, youth employment and consumer spending
· BYD Unveils Plan to Boost Brand Image, Global Reach
The leading Chinese EV-maker will launch a series of ‘high-end luxury models’ to further expand in the premium car market
· Provincial Party Leaders Urge Change of Mindset to Foster a Better Class of Growth
Hunan’s party committee launched a ‘great discussion’ on ‘emancipation of the mind’ to break the rigid ways of thinking that stand in the way of breakthroughs in reform
· Cover Story: Summers on Secular Stagnation and Lessons for China
In a recent visit, the former U.S. Treasury Secretary Lawrence Summers said China and the U.S. must find a way to work together to address global stagnation
· China’s Foreign Minister Meets U.S. Counterpart for ‘Constructive’ Talks
Wang Yi called for ‘sound, steady and sustainable’ development in bilateral relations in meeting with Antony Blinken on sidelines of Munich Security Conference
· Green Energy, Digital Infrastructure Are Hot Tickets for Chinese Firms Targeting Middle East
The accelerated transitions in many countries in the region offer an array of growth opportunities for Chinese companies, says Hong Kong-based investor Vanessa Xu
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This article was generated by Caixin Automation.
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