China’s benchmark Shanghai Composite Index (000001.SH) gained 0.06% on Thursday, while the Shenzhen Component Index (399001.SZ) rose 0.35%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.86% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 0.76%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Starbucks Raises Prices in China Amid Rising Costs, Slowing Sales
Coffee giant already bumped up U.S. prices and projects several more increases this year because of inflation, supply chain disruptions and higher labor costs
· China Exports At-Home Covid Tests to U.S., Europe and Japan
Andon Health, Acon Biotech, Zhejiang Orient and Maccura Biotechnology benefit from foreign demand for products that China barely needs
· Update: Xi Orders Hong Kong to Make Containing Covid Top Priority
City’s daily caseload hits 4,200 and heads toward a ‘tsunami-like’ 10,000 as people elude controls and spread omicron to mainland cities
· CATL Considers Building More Factories Outside China, Including U.S.
The EV battery powerhouse, which has been buffeted by a sell-off of its shares, says the move would localize supplies of its products
· Rare Earth Prices Hit Record High in China
Index measuring price of nearly two dozen of the elements has doubled since this time last year
· Ant Group Founds Software-as-a-Service Unit
The fintech giant is pivoting as regulatory scrutiny crimps its core business
· China Sets Out Plans to Repel Economically Damaging Alien Plant Species
The country faces growing threats from invasive species that have destroyed crops, damaged farmers’ livelihood and threatened the survival of native plants and animals
· Opinion: How the Beijing Winter Olympics Has Changed the World Map of Winter Sports
Team China’s participation in all 109 Olympic events is accelerating Asian involvement in cold-weather sports
· In Depth: Provincial Plans Hint at Where China’s Economy Is Going in 2022
Local growth targets and policy priorities may shed light on national plans to be announced in March
· Giant Pandas Join the List of China-U.S. Flashpoints
Republican congresswoman proposes keeping cubs born in America, threatening 50-year-old ‘Panda Diplomacy’ tradition
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This article was generated by Caixin Automation.
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