China’s benchmark Shanghai Composite Index (000001.SH) gained 0.98% on Tuesday, while the Shenzhen Component Index (399001.SZ) rose 1.16%.
Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 1.26% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) rose 1.2%.
Below is a rundown of the top China business and finance stories, plus other news for the day:
· Oil Rises as China Loosens Travel Rules, U.S. Battles Winter Freeze
Benchmark U.S. crude traded near $80 a barrel after Beijing scrapped quarantine for inbound travelers from early January
· Almost Famous: How China’s Extras Are Chasing Viral Video Fame
Treated as disposable by the film industry, the day laborers of the movie business are seeking dreams of stardom on streaming platforms like Bilibili
· In Depth: Historic Middle East Summits Cap Xi’s Year-End Diplomatic Push
During a four-day visit to Saudi Arabia, the Chinese president held bilateral meetings with nearly 20 Arab leaders, the highest level diplomatic engagement in the region since founding of the PRC
· China Should Drop 'Zero-Covid' Charges Against Medical Workers, Professor Says
Beijing’s policy U-turn warrants ending cases and reversing convictions, Sichuan University Law School’s Han says
· China Ends Quarantine Requirement for Inbound Travelers Despite Surge in Covid-19 Cases
The National Health Commission says it will lift restrictions for international travelers on Jan. 8
· Fuyuan Beauty Salon’s Chairman Gets 16-Year Sentence for Fundraising Fraud
Convicted along with Chen Xing, 32 other executives at the Jiangsu province-based chain, received sentences ranging from 21 to 90 months
· China’s Economy Won’t Get Back to Normal Until ‘Wartime’ Covid Controls End, Expert Says
Liu Shouying says urgent shift away from the system used to combat the pandemic is needed, otherwise the economy will continue to struggle
· Surging Covid Infections Delay Chinese Exporters’ Deliveries
Sick workers are preventing companies from fulfilling their orders on time
· Cover Story: 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
· China’s Provinces Send Already Stretched Medical Personnel to Beijing to Battle Covid Peak
Local health officials told Caixin they too are operating at their limits as virus spreads like wildfire across the country
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This article was generated by Caixin Automation.
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