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The Latest Breaking News from Caixin Global

Former Party Chief Charged With Abuse of Power for Breaking Borrowing Rules

Cao Jiongfang, ex-party secretary of Xiangtan in Hunan province, was subject to a ‘key additional investigation’ last year while already facing bribery charges, local graft busters say

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China’s Foreign Minister to Meet U.S. National Security Advisor in Thailand

Wang Yi set to hold a new round of talks with Jake Sullivan while on an official visit to the Southeast Asian nation

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Shanghai Composite Index Rose 0.14% on Friday

Shenzhen Component Index closed down 1.06%

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Weekly Must-Read: How Can China Deal With Deflationary Pressure?

Although China’s economy showed signs of recovery in 2023, prices have not improved in tandem, with key economic indicators signaling a persistent decline

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Officials Around China Sound Alarm About Whooping Cough

Nationwide, 38,205 cases were reported in 2023, up from the 30,027 cases reported in 2019, government data show

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Shanghai Composite Index Rose 3.03% on Thursday

Shenzhen Component Index closed up 2.0%

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Guangdong Government Debt Pile Approaches $422 Billion

The debt accumulation falls within Guangdong’s borrowing target and is deemed safely manageable, provincial governor says

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China and Nauru Formally Resume Diplomatic Relations

Foreign ministers of the two countries sign a joint communique marking the resumption of ties, agreeing to exchange ambassadors ‘as soon as possible’

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China to Cut Banks’ Reserve Requirements Amid Flagging Recovery

PBOC Governor Pan Gongsheng says the reduction of 50 basis points will take effect Feb. 5

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Shanghai Composite Index Rose 1.8% on Wednesday

Shenzhen Component Index closed up 1.0%

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Landslide Kills at Least 20 in Southwest China

Another 24 people remained missing as of Tuesday afternoon following the disaster in Yunnan province

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Extreme Weather Took Toll on North China’s Grain Output in 2023

Production fell by 2.4% in Henan last year due largely to a nonstop week of rain, while severe flooding caused a 1.4% drop in Hebei

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Shanghai Composite Index Rose 0.53% on Tuesday

Shenzhen Component Index closed up 1.38%

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Huawei Plans Nokia JV Buyout With Local Consortium

The tech giant is teaming up with two SOEs and a Chinese private equity investor to give the Finnish firm its exit

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news in one place.

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Former Provincial Vice Governor Stung in Graft Probe

Su Zengtian, also an ex-vice chairman of Fujian province’s top legislative body, is suspected of ‘serious violations of discipline and law’

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Shanghai Composite Index Fell 2.68% on Monday

Shenzhen Component Index closed down 3.5%

Caixin Global

CATL to Supply EV Startup With New Fast-Charging Battery

The Shenxing cell can charge to a range of 400 kilometers in 10 minutes and deliver over 700 kilometers on a full charge

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Shanghai Composite Index Fell 0.47% on Friday

Shenzhen Component Index closed down 0.68%

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news in one place.

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Caixin Global

Weekly Must-Read: China’s 2023 GDP Growth Recovers to 5.2%, Beating Target

Although the economy rebounded last year, statistics chief warns of headwinds in 2024

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Shanghai State Media Veteran Tried for Accepting Millions in Bribes

Cheng Feng, former deputy manager of Shanghai United Media Group, stands accused of taking $5.4 million in exchange for assistance with garnering investment funding and winning project bids

Caixin Global

Shanghai Composite Index Rose 0.43% on Thursday

Shenzhen Component Index closed up 1.0%

Caixin Global

BYD to Debut in Indonesian Car Market

The Chinese EV-maker, which already sells vehicles in more than 70 countries, has been trying to further expand its global footprint with exports surging 334.2% last year

Caixin Global

China Willing to Import More ‘Marketable’ EU Products, Premier Says

The gesture is part of an effort to establish a more balanced trade relationship with the bloc, Li Qiang says

Caixin Global

Shanghai Composite Index Fell 2.09% on Wednesday

Shenzhen Component Index closed down 2.58%

Caixin Global

Shanghai Composite Index Rose 0.27% on Tuesday

Shenzhen Component Index closed up 0.31%

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