China’s benchmark Shanghai Composite Index (000001.SH) gained 2.13% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 2.54%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.46% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 2.14%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Guangzhou’s GDP Grows 4.7% in First Half, Slower Than Beijing, Shanghai
Manufacturing hub hit by a decline in auto and electronics production as pharmaceuticals industry expands
· China’s Top Economic Planner Unveils New Database for Private Investment Projects
NDRC announces 17 measures to boost the private sector, including one that will create a platform listing selected projects
· China Politburo Targets Boosting Domestic Demand, Private Sector
The meeting of the Communist Party’s top decision-making body is closely watched for signs of what Beijing may do to shore up growth amid worse-than-expected economic indicators
· Volkswagen’s China Joint Venture to Develop Plug-in Hybrids for Local Market
Move by German automaker’s venture with SAIC Motor shows that Chinese automaking is now leading innovation instead of just emulating foreign manufacturers, insiders say
· China Plans to Relax Rules on Foreign Firms Investing in Bad-Debt Managers
Removing the ban on overseas nonfinancial firms’ equity investment can help attract talent with professional experience, financial regulator says
· Update: School Gym Roof Collapse Leaves 11 Dead in Northeast China
The incident trapped 15 people in the rubble in Qiqihar, Heilongjiang province
· Two Senior Chinese Soccer Officials Caught in Sweeping Graft Dragnet
Tan Hai, a former international-level referee, and Qi Jun follow at least 11 other CFA-related officials ensnared in the latest crackdown on corruption in the sport
· Cover Story: China Seeks Cure for Ailing Health System
An aging nation and slowing economy force changes in medical insurance program
· Chinese Chipmakers Urge Beijing to Do More Amid Escalating U.S. Export Controls
Representatives from domestic semiconductor firms met with Ministry of Commerce officials this week seeking to avoid raising trade tensions even further, Caixin has learned
· U.S. Lawmakers Demand Venture Capital Firms Provide Details of China Tech Investments
Qualcomm Ventures and Walden International among four firms targeted by a U.S. House Select Committee probe that seeks answers about their dealings in China
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This article was generated by Caixin Automation.
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