China’s benchmark Shanghai Composite Index (000001.SH) lost 2.68% on Monday, while the Shenzhen Component Index (399001.SZ) fell 3.5%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 3.04% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.83%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Cover Story: Can China Pull Its Economy Out of a Deflationary Nosedive?
While no one wants to talk about the ‘r’ word just yet, China may already be on course for big trouble — depending on whose economic definitions you believe and the effectiveness of policy measures implemented so far
· ICBC Appoints President as Party Chief in Step Closer to Chairman Role
Banking veteran Liao Lin, who has served as ICBC’s president since 2021, takes over the role from Chen Siqing
· China, U.S. Agriculture Heads Restart Dialogue on Cooperation After Eight-Year Hiatus
Tang Renjian and his U.S. counterpart Tom Vilsack met in Washington in the first meeting of the China-U.S. Joint Committee on Cooperation in Agriculture since 2015
· Rents Fall as Demand for Beijing Office Space Sluggish
One-fifth of grade A office buildings in Beijing vacant as more tenants end leases than sign up for new ones
· Former ICBC Anti-Graft Chief Expelled from Communist Party for Bribery
Bribery charges against veteran anti-corruption chief who hid overseas immigrant status sent to prosecutors
· AI, Data and Trust in Technology Drive Innovation in Manufacturing, Caixin Davos Panel Says
Leaders including Michael Suess, executive chairman of OC Oerlikon, and Ashwini Vaishnaw, India’s IT minister, join the discussion at the annual World Economic Forum
· China Issues First Licenses for Production, Sale of GM Corn, Soy Seeds
The move paves the way for the commercialization of these crops that could help the country boost output and reduce its dependence on imported food
· CATL to Supply EV Startup With New Fast-Charging Battery
The Shenxing cell can charge to a range of 400 kilometers in 10 minutes and deliver over 700 kilometers on a full charge
· China Looms Large Over AI Discussions at World Economic Forum
Policymakers and industry experts highlight the need for China and other countries to find common ground to avoid artificial intelligence becoming a ‘force for bad’
· Tech Insider: How XPeng Got Back Into Gear, Huawei Breaks With Android
Chinese auto chipmakers race to cash in on NEV boom, BYD to debut in Indonesia
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This article was generated by Caixin Automation.
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