China’s benchmark Shanghai Composite Index (000001.SH) gained 1.56% on Monday, while the Shenzhen Component Index (399001.SZ) rose 0.93%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.57% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.13%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· 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
· Ex-General Prabowo Declares Victory in Race to Lead Indonesia
Prabowo Subianto pitched himself as the candidate most likely to advance the incumbent’s business-friendly economic platform to transform the country
· Snowy Harbin Draws Millions During Lunar New Year Holiday
The capital of Heilongjiang province recorded more than 6 million visits during the first five days of the holiday, a year-on-year increase of 83%
· U.S. May Surpass China as Germany’s Largest Trade Partner in 2024
German companies have come under political pressure to reduce investment in China, yet the overall scale has not changed, according to an economic report
· Another Chinese Bubble Tea Chain Brews Hong Kong IPO
Shanghai-headquartered Auntea Jenny is seeking funds to expand amid the continuing consumer craze for the beverage
· Energy Insider: China Power Market’s New Pricing Rules, Bourses’ Sustainability Disclosure Proposals
National carbon market expected to cover cement and aluminum, rail sector to fast-track electrification, Beijing releases plan to help NEV-makers sell overseas
· Private Sector Is Increasingly Driving Chinese Investments in Africa, Veteran Banker Says
Besides Beijing’s support, abundant growth opportunities attract investors to the continent
· Beijing Condemns Taiwan for Deaths of Mainland Fishermen
A Chinese mainland fishing boat capsized and two of its crew drowned after it was chased away by the island’s coast guard near Kinmen in the Taiwan Strait
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