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The Latest Breaking News from Caixin Global

Weekly Must-Read: Covid Chaos at China’s Hospitals as Stringent Control Policy Eases

Health care centers from Guangzhou to Shijiazhuang and Beijing are slammed amid surging infections and severe shortages of medical workers

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China’s November Urban Jobless Rate Jumps to 5.7%

Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market

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Shanghai Composite Index Fell 0.25% on Thursday

Shenzhen Component Index closed up 0.32%

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Abbott to Exit Mainland Chinese Baby Formula Market by 2023

American health-care giant cites shrinking market share amid stiff competition but will expand other businesses including diagnostics, devices and pharmaceuticals

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Guangzhou Closes Most of Its Makeshift Covid Hospitals

The remaining facilities will be upgraded and used primarily for treating Covid patients without severe symptoms, a local medical worker says

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China Launches Second Round of Covid Boosters for High-Risk Groups

Health authorities are recommending that people take a different vaccine from their primary course, a practice several studies have shown provides better protection

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China Stops Reporting Asymptomatic Covid Cases

National Health Commission cites difficulties in accurately counting the total after the country ended mandatory mass testing

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Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index finished nearly flat

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China Calls India Border Situation ‘Generally Stable’

Following clash along disputed Himalayan frontier, the two sides disengaged and are in communication, China says

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Longfor Gets $101 Million of Offshore Loans From Bank of China

Real estate developer becomes the first to tap into a measure intended to help cash-strapped property companies roll over foreign debt

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China Allows Online Sales of Pfizer Covid Pill Paxlovid

Patients can buy the antiviral drug after presenting a positive test result

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China to Set Rules for Creating 'Deepfakes'

Platforms that offer face-changing video tech will have to inform users that they must get permission from people whose faces and voices are being altered

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Shanghai Composite Index Fell 0.09% on Tuesday

Shenzhen Component Index closed down 0.66%

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China and Saudi Arabia Agree on $50 Billion of Deals

Saudi investment minister puts a value on a raft of accords signed last week during President Xi Jinping’s state visit, Bloomberg reports

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Editorial: China Needs to Build Up Medical Capacity to Tackle Covid

With the latest round of easing, authorities face the challenge of preventing shortages and stabilizing economic growth, while also optimizing virus control measures

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Shanghai Universities Let Students Head Home Early Amid Covid Spike

Students can apply to study remotely for the remainder of the term, as higher education institutions try to lessen the burden from potential infections

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Shanghai Composite Index Fell 0.87% on Monday

Shenzhen Component Index closed down 0.89%

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Douyin Accused of Foul Play Over World Cup 4K Streaming Rights

Court orders ByteDance’s popular short video app to remove ads promoting its 4K live streaming after a China Mobile subsidiary complained

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Xi Says Saudi Arabia is a Foreign Relations Priority as Beijing and Riyadh Elevate Ties

The development of relations with Saudi Arabia is a priority in China’s overall foreign relations, in particular its diplomacy in the Middle East, Xi said during talks with Saudi Crown Prince Mohammed bin Salman

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China Travel Demand Spikes on Latest Covid Easing Plan

Tourism firms’ stocks popped and online searches for air and train tickets surged, after Beijing announced it was lifting testing requirements for cross-regional travel

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Excavator Sales Rebound Offers Glimmer of Hope for China Recovery

Deliveries of the construction equipment, an important gauge of economic activity, rose 2.7% in November, breaking a 10-month losing streak

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Opinion: Is the World on the Brink of an Entirely New Era?

If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold

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Shanghai Composite Index Rose 0.3% on Friday

Shenzhen Component Index closed up 0.98%

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Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?

Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country

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Hong Kong Eases Covid Quarantine Rules Amid Surging Cases

Authorities cut isolation period to five days from seven as most infections are diagnosed by the fifth day, based on recent data

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