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The Latest Breaking News from Caixin Global

Editorial: China Needs to Build Up Medical Capacity to Tackle Covid

With the latest round of easing, authorities face the challenge of preventing shortages and stabilizing economic growth, while also optimizing virus control measures

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Shanghai Universities Let Students Head Home Early Amid Covid Spike

Students can apply to study remotely for the remainder of the term, as higher education institutions try to lessen the burden from potential infections

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Shanghai Composite Index Fell 0.87% on Monday

Shenzhen Component Index closed down 0.89%

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Douyin Accused of Foul Play Over World Cup 4K Streaming Rights

Court orders ByteDance’s popular short video app to remove ads promoting its 4K live streaming after a China Mobile subsidiary complained

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Xi Says Saudi Arabia is a Foreign Relations Priority as Beijing and Riyadh Elevate Ties

The development of relations with Saudi Arabia is a priority in China’s overall foreign relations, in particular its diplomacy in the Middle East, Xi said during talks with Saudi Crown Prince Mohammed bin Salman

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China Travel Demand Spikes on Latest Covid Easing Plan

Tourism firms’ stocks popped and online searches for air and train tickets surged, after Beijing announced it was lifting testing requirements for cross-regional travel

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Excavator Sales Rebound Offers Glimmer of Hope for China Recovery

Deliveries of the construction equipment, an important gauge of economic activity, rose 2.7% in November, breaking a 10-month losing streak

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Opinion: Is the World on the Brink of an Entirely New Era?

If we are in the early throes of a seismic shift, leaders must prepare to operate in a new world where their old assumptions no longer hold

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Shanghai Composite Index Rose 0.3% on Friday

Shenzhen Component Index closed up 0.98%

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Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?

Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country

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Hong Kong Eases Covid Quarantine Rules Amid Surging Cases

Authorities cut isolation period to five days from seven as most infections are diagnosed by the fifth day, based on recent data

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China’s Local Governments Set Out Plans to Meet 2030 Peak Carbon Goal

Some 14 provincial-level regions have released detailed action plans, with the Southwestern province of Guizhou and North China’s Inner Mongolia autonomous region among the latest to make announcements

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British Businesses Prepare for Rising Covid Infections as China Scales Back Controls

An annual survey by the British Chamber of Commerce in China shows a pessimistic outlook, with Chair Julian MacCormac saying it’s too early to predict the impact of ‘zero-Covid’ relaxation efforts

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Shanghai Composite Index Fell 0.07% on Thursday

Shenzhen Component Index closed down 0.25%

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Logistics Begins Slow Recovery as China Eases Covid Controls

Service providers are operating far below capacity amid disruptions at thousands of delivery terminals and distribution centers across China

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Shanghai Composite Index Fell 0.4% on Wednesday

Shenzhen Component Index closed up 0.17%

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Xi to Visit Saudi Arabia to Boost Relations in the Middle East

The president will attend the first China-Arab States Summit and a meeting of the China-Gulf Cooperation Council during the four-day trip

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China Approves Second Non-injectable Covid-19 Vaccine

Beijing Wantai Biological gets green light to join CanSino Biologics in offering non-injectable version of coronavirus inoculation

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Wang Tao: What to Expect From China’s Central Economic Work Conference

The upcoming meeting will likely emphasize more support for economic growth, deemphasize ‘zero Covid,’ and offer additional aid for the property sector

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Beijing Scraps Covid Test Requirement for Public Places

Residents can enter areas including office buildings, supermarkets and residential communities without a negative result, but the government denied rumors of a complete end to testing

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Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed up 0.67%

Caixin Global

Former HKEX CEO Charles Li to Launch Micro Connect Exchange in Macau

New financial assets platform will offer global investors access to China’s micro and small businesses, which will benefit from more financing

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Editorial: Reform and Opening-Up Is Needed to Get China’s Economy Back on Track

Easing of Covid restrictions won't automatically lead to recovery, with more economic reforms required by the government at all levels

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Shanghai Composite Index Rose 1.76% on Monday

Shenzhen Component Index closed up 0.92%

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Tsingshan Expands Investment in Zimbabwe

Chinese stainless steel and nickel giant agrees to add lithium and cement processing while increasing capacity for coke and stainless steel

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