China’s benchmark Shanghai Composite Index (000001.SH) gained 3.48% on Wednesday, while the Shenzhen Component Index (399001.SZ) rose 4.02%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 2.93% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 5.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Opinion: How the Ukraine War Affects China’s Economy
Impacts on inflation, policy, energy, markets and geopolitical relations add up to a period of transition and turbulence
· China Revises Covid Treatments to Add New Therapies Amid Flare-Up
Updated recommendations include Pfizer’s Paxlovid pill and Brii Biosciences’ monoclonal antibody therapy as new infections surge across China
· Nickel Trading to Resume in London After Historic Squeeze
Metal exchange plans daily price limits for all base metal outright contracts after wrong-way bets by China’s Tsingshan roiled the market
· In Depth: Chinese Firms Bending Over Backward to Offer Foldable Phones
High manufacturing costs, troubling failure rates and a lack of software remain significant hurdles
· Chinese Stocks Get Another Drubbing as Uncertainty Overwhelms Investors
Angst over geopolitical turmoil, regulatory risks and a resurgence of Covid-19 in China override any optimism from raft of upbeat economic data
· Popular Chinese Actor Owes Government $16.6 Million for Evading Taxes
Shanghai tax authorities says Deng Lun sidestepped paying millions by dressing up personal income as corporate income, which is taxed at a lower rate
· Trending in China: Theories Abound for Why Educated Women Aren’t Having More Children
The latest data shows that almost 70% of female college graduates in the wealthy province of Jiangsu had no more than one child
· Shanghai Says No Plan to Seal Off Entire City of 25 Million
The tally of locally transmitted Covid cases since the start of March is nearing 1,000, mostly of the highly transmissible omicron variant
· Tech Insider: Virus Shuts IPhone Factory, TikTok Plays Music Distributor
Cybercops target film review site Douban, China’s Quora reports widening losses
· Guinea Suspends Iron Mine Crucial to Helping China Cut Reliance on Australia
The massive project in Simandou, the world’s largest known untapped iron ore reserve, has been plagued by delays over a variety of issues, despite China’s push for its development to reduce dependence of the resource from Australia
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This article was generated by Caixin Automation.
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