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The Latest Breaking News from Caixin Global

Huawei Spinoff Honor Takes on Apple in Europe

Chinese smartphone giant gears up to compete in the premium segment with its Magic5 series of devices

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China’s Richest Woman Takes Father’s Seat at Head of Country Garden’s Board

Yang Huiyan has been appointed chairperson of one of China’s largest property developers, succeeding the company’s retiring founder, Yeung Kwok Keung

Caixin Global

Shanghai Composite Index Rose 1.0% on Wednesday

Shenzhen Component Index closed up 1.11%

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China Eases Requirement of Negative Preflight Covid Tests for Some Countries

Travelers from nations including New Zealand, South Africa, Malaysia and Cambodia will still have to show a negative rapid antigen test result

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U.S. Approved 70% of China-Related Export License Applications in 2022

Agencies processed 40,000 requests with the goal of preventing advanced technology from falling into the hands of the Chinese military, according to the Department of Commerce

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China Threatens Retaliation After U.S. Sanctions Chinese Firms With Alleged Russia Ties

The foreign ministry also rejected Washington’s claims that Beijing is considering providing Russia with weapons, calling it ‘disinformation’

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Shanghai Composite Index Rose 0.66% on Tuesday

Shenzhen Component Index closed up 0.7%

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Top Stories of the Month: The Safest and Most Endangered Jobs in a ChatGPT World

AI will replace simple, repetitive jobs, but those involving complexity, creativity and interpersonal skills will continue to thrive and remain the domain of humans

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Global Shipping Index Surges on China’s Recovery Outlook

Baltic Dry Index, a key leading indicator for world trade, jumps 64% in five days to highest reading since June 2020

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Lithium Prices Tumble to 12-Month Lows

The average spot price of lithium carbonate hit 392,500 yuan per ton on Friday, down 23.1% year-to-date and 31% from its record high in November

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Editorial: How to Be Problem-Oriented in Institutional Reform

Reforms of governmental institutions should take into account of current economic challenges, such as shrinking demand, supply shocks and weakening expectations, and be driven by efficiency concerns and common values, including peace, development, equity, justice, democracy and freedom

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Shanghai Composite Index Fell 0.28% on Monday

Shenzhen Component Index closed down 0.73%

Caixin Global

China Central Bank Completes Trillion Yuan Profit Transfer to Treasury

Transfer of $162 billion to finance ministry, equivalent to around 50-basis-point cut to reserve requirement ratio, to support the economy

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China’s Exports May Recover in Second Half, Economists Predict

Global economic uncertainty and lingering pandemic effects still weigh on demand abroad this quarter, but stimulus should bolster domestic consumption

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news in one place.

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Developers Jump on Suzhou Land Sale to Build Fancier Properties

Three parcels zoned for large apartments and houses were hot tickets in the latest auction, a sign that demand for upmarket properties in cities may rebound

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Shanghai Composite Index Fell 0.62% on Friday

Shenzhen Component Index closed down 0.81%

Caixin Global

Weekly Must-Read: Billionaire Founder of China Renaissance Goes Missing

China Renaissance reports being unable to make contact with its billionaire founder and chairman months after authorities took President Cong Lin into custody

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Top Graft Buster Pledges to Ramp Up Financial Sector Corruption Fight

Central Commission for Discipline Inspection vows in an article to ‘maintain a strict tone, strict measures and a strict atmosphere’

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Caixin Global

First of Its Kind Survey Shows How Many Buildings China Has

Misunderstandings about the 600 million buildings counted by the survey have stoked concerns about an oversupply of housing in the country

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China’s Climate Envoy Receives Nobel Sustainability Award

Xie Zhenhua gets recognized for his efforts in tackling climate change and building global cooperation in the field

Caixin Global

Shanghai Composite Index Fell 0.11% on Thursday

Shenzhen Component Index closed down 0.13%

Caixin Global

China M&A Deals Plunged 34% to Nine-Year Low in 2022

Economic headwinds and pandemic disruptions similarly slowed global mergers and acquisitions, management consultant Bain reports

Caixin Global

Hong Kong Relaunches Investment-for-Residency Program

City hopes to lure back bankers, lawyers and other professionals who decamped amid pandemic restrictions, though new program’s details are sparse

Caixin Global

Fisher: Why ‘Selling the Rally’ Will Make You Sorry

History shows there is nothing prudent about ditching stocks after new bull markets’ initial bursts

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South Korea Will End Testing for Travelers From China

The decision comes as the positive Covid rate for arrivals from China fell to less than 1% this week from more than 18% at the beginning of January

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