China’s benchmark Shanghai Composite Index (000001.SH) lost 0.28% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.25%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.12% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.4%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· 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
· Evergrande Reports Narrowing Differences in Debt Restructuring Talks
Debt-laden property giant says negotiations with creditors continue almost a half-year after missed deadline for a deal
· 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
· China Pharmacies Told to Give Out Free Fever Meds as Outbreak Grows
Chain chemist Meizhihui has begun handing out 100,000 free ibuprofen pills in Shaanxi province, with a cap on the amount
· Germans Will Soon Be Able to Access BioNTech Jab on Mainland, Ambassador Says
The shot will be available over the next few weeks as the two countries are still working out the ‘final details’ of the agreement, Berlin’s envoy to China says
· 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
· China, Australia Pledge to Refresh Soured Relations
The countries’ foreign ministers say they’ll resume discussions on a range of topics, including trade and economic issues
· In Depth: Why China’s Social Relief Efforts Have Fallen Short
Experts say it is necessary to redefine the scope, methods and standards for the drafting of legislation to meet diverse community needs
· China Baowu Steel Officially Takes Over Sinosteel
World’s largest steelmaker absorbs debt-plagued mineral resources developer in restructuring orchestrated by state-owned assets commission
· 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
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This article was generated by Caixin Automation.
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