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The Latest Breaking News from Caixin Global

Fourteen years ago today, a massive earthquake struck Southwest China’s Sichuan province, destroying homes and leaving at least 69,000 people dead. To mark the tragic moment and its aftermath, Caixin has compiled photos that capture the devastation and human heroism of a day that shook the nation

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Opinion: SPACs’ Painful Reckoning Should Not Spell Their Demise

Despite criticisms, the underlying premise of allowing access to early-stage, private companies is admirable and much-needed in a market that often favors institutional players

Caixin Global

Shanghai Composite Index Fell 0.12% on Thursday

Shenzhen Component Index closed down 0.13%

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Biden Considers Dropping China Tariffs to Fight Inflation

American president says he may roll back costly Trump duties to lower prices on goods in the U.S., though ‘no decision has been made’

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Beijing Steps Up Covid Restrictions as Outbreak Persists

City of 22 million, reporting 56 new Covid cases in 24 hours, limits access to public venues, curbs taxis and expands testing

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Opinion: How Singapore Could Outperform Shanghai, Hong Kong to Become Asia’s Financial Center

The country has benefited from China-U.S. tensions and a successful response to Covid-19

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China’s Vehicle Production, Sales Plunged in April

Consumers were less willing to buy a car as slowing economic growth and fallout from the pandemic weakened confidence, industry organization says

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Shanghai Composite Index Rose 0.75% on Wednesday

Shenzhen Component Index closed up 1.8%

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Geely Takes One-Third Stake in Renault’s Korean JV

Chinese auto giant invests $207 million, gets two board seats and will provide technology and products for vehicles to hit market in 2024

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Xi, Macron Discuss Ukraine War in Phone Conversation

Chinese and French leaders agree on ‘urgency of reaching a ceasefire’ and urge peace negotiations

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China’s Capital Wants a Bigger Share of NEVs on Its Roads

Beijing plans for the local purchase quota for new-energy vehicles to account for a greater share of the city’s total by 2025

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Nasdaq-Delisted Luckin Coffee Denies It’s Planning Hong Kong IPO

Scandal-dogged Chinese Starbucks challenger says it remains ‘committed to U.S. capital markets’

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Shanghai Composite Index Rose 1.06% on Tuesday

Shenzhen Component Index closed up 1.37%

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Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

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Editorial: Rule of Law Is Fundamental to Regulating and Guiding Capital Development

The key to maintaining the healthy development of capital is to stabilize expectations. The key to stabilizing expectations is upholding the rule of law

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Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.41%

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Evergrande Dodges Onshore Default With Six-Month Debt Extension

Bondholders agree to delay payments due Friday as debt-laden real estate developer faces peak in obligations coming due amid restructuring effort

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Covid Delays 2022 Asian Games in China

The Olympic Council of Asia announces the event won’t take place as scheduled this September in the eastern city of Hangzhou

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Vice President Wang Qishan to Attend South Korean President’s Inauguration

A special representative and close aide of President Xi Jinping, Wang will lead a delegation to Seoul at the invitation of the South Korean government

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Former Top Lawmaker Convicted of Bribery Dies of Sudden Illness

Yu Zhigang, 49, an ex-member of the NPC Standing Committee who was awaiting sentencing at a detention center, dies at a hospital after emergency efforts to save his life failed

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Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

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NEV-Maker Nio to List in Singapore

Tesla rival is the latest U.S.-listed Chinese company to find a new home for its stock amid delisting concerns

Caixin Global

Shanghai Composite Index Fell 2.16% on Friday

Shenzhen Component Index closed down 2.14%

Caixin Global

Changsha Building Collapse Death Toll Climbs to 53

The central government has set up an investigation team to dig deeper into the cause of the incident, after rescue efforts draw to a close

Caixin Global

Weekly Must-Read: Five Things to Know About China’s Draft Rules on Local Financial Institutions

Draft regulations to strengthen supervision may be difficult to enforce and could even put unnecessary burdens on market participants, experts say

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