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The Latest Breaking News from Caixin Global

Shanghai Composite Index Rose 0.51% on Friday

Shenzhen Component Index closed up 0.18%

Caixin Global

Weekly Must-Read: After China’s Covid U-Turn, A ‘Tsunami’ of Infected Strip Bare Pharmacy Shelves

The wave of infections raging across the country has led to a rush on common drugs such as ibuprofen, but supplies remain scant, at least for now

Caixin Global

Cash-Strapped Chinese Developer Sells $1.8 Billion of Assets to State-Owned Rival

China Fortune Land will transfer its shares and creditor rights in four subsidiaries located in the country’s south to China Resources Land

Caixin Global

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read the most diverse news in one place.

Shanghai Composite Index Fell 0.44% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

China Appoints New Taiwan Affairs Office Head

Seasoned diplomat Song Tao’s responsibilities include formulating policies on the island, coordinating related legal affairs, and managing cross-strait business and cultural affairs

Caixin Global

China Drops Covid Curbs on International Flights

Civil aviation regulator confirms government plan to scrap all pandemic limits as of Jan. 8, including quarantines, testing and capacity caps

Caixin Global

China to Drop Outbound Travel Restrictions With End of ‘Zero Covid’

Beijing will resume processing passport applications and issuing Hong Kong visas in January, when it will downgrade Covid-19’s infectious disease classification

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Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.86%

Caixin Global

Over 20 Chinese Developers Plan Share Sales as Ban Ends

Seven companies including Risesun Real Estate Development publish preliminary offer details

Caixin Global

China Scraps Covid Curbs on Ports, Foreign Ship Crews

Restrictions will end Jan. 8 as country abandons its `zero-covid’ strategy

Caixin Global

Shanghai Composite Index Rose 0.98% on Tuesday

Shenzhen Component Index closed up 1.16%

Caixin Global

Editorial: Private Enterprise Matters to China’s Reform Drive

Firms in the private sector have contributed more than 50% of the country’s tax revenue, 60% of GDP and 70% of technological innovation

Caixin Global

Shanghai Composite Index Rose 0.65% on Monday

Shenzhen Component Index closed up 1.19%

Caixin Global

Two Former Executives of P2P Lending Platform Sentenced to 20 Years in Prison

Tuandai.com’s former chairman and former general manager also fined $13.2 million as court sentences 47 people convicted in fundraising fraud

Caixin Global

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news in one place.

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Caixin Global

Tech Insider: Xiaomi President to Step Down, TuSimple Plans to Cut Staff by 25%

Hackers threaten to blackmail Nio, EV-maker launches urban-navigation system in Shanghai

Caixin Global

Opinion: Why China’s Covid Health Codes Should Be Abandoned

Three experts weigh in on why authorities ought to scrap the once ubiquitous code and whether the underlying technology can be harnessed for other uses

Caixin Global

Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.25%

Caixin Global

Weekly Must-Read: Why China’s Exports Are in the Doldrums

Demand has fallen off in recent months in the country’s three biggest markets, though the reasons vary by region

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Caixin Global

TuSimple Slashes Workforce 25% in Sweeping Restructuring

Driverless truck startup will focus on R&D and on providing self-driving technologies to other transport companies

Caixin Global

Silicon Wafer Prices Fall as China Solar Supply Glut Looms

The average prices of two key types of the solar panel component each dropped by 10% or more in the past week

Caixin Global

Shanghai Composite Index Fell 0.46% on Thursday

Shenzhen Component Index closed down 0.33%

Caixin Global

Chengdu Hotels Shorten Quarantines for New Arrivals

Travelers report being released to home isolation after just two days although local authorities say five-day quarantine policy is still in effect

Caixin Global

China to Boost Supply of Pfizer’s Covid Pill as Demand Soars, Expert Says

The antiviral drug Paxlovid will be gradually made available at all medical institutions and at the community level, says head of the infectious diseases department at Peking University First Hospital

Caixin Global

World Bank Cuts China Growth Forecasts on Property Slump, Reopening Complications

Real GDP growth is expected to slow to 2.7% this year, before rebounding to 4.3% in 2023

Caixin Global

Expert Confirms Not All Covid Deaths Will Be Included in Official Tally

A patient will make the official count only if their primary cause of death is pneumonia or respiratory failure caused by the virus, says director of Peking University First Hospital’s infectious disease department

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