Caixin
Apr 07, 2021 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.1% on Wednesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.1% on Wednesday, while the Shenzhen Component Index (399001.SZ) fell 0.74%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) gained 0.17% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.86%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Analysis: Why Kim Jong Un’s Sister Broke North Korea’s Silence With the U.S.

Kim Yo Jong’s condemnation was the closest thing to communication between North Korea and the U.S. in more than a year

· Opinion: How to Even-Out the World’s Divergent Post-Pandemic Recoveries

Although China’s economy resumed growing at a pre-pandemic rate last year, the IMF predicts the same won’t happen for emerging markets until 2023

· Asian LNG Spot Price Is Down 80% From Record High

Price slid to $7.10 per million Btus after China’s winter heating season came to an end

· Smart Projector and Laser TV Startup Xgimi Predicts Big Profits

· Russia Delays Approving CanSino Vaccine to Favor Homegrown Shots, Sources Say

Approval of the Chinese-developed single-shot inoculation is being delayed because local authorities are prioritizing Russian-developed jabs

· China’s Growth Set to Drive World Economy in Post-Pandemic Years

The country will contribute more than one-fifth of the total increase in the global GDP in the five years through 2026

· Planters Ordered to Destroy Oil-Palm as Sri Lanka Joins Boycott

Farmers have been asked to uproot 10% of the trees each year and replace the fields with rubber or other environment-friendly crops

· Japan’s Daiei to Open Unmanned Supermarket With Chinese Startup

Aeon group retailer cuts cost with fewer sensors developed by Chinese startup Cloudpick

· Vietnam Unveils Tools for Taxing and Tracking Big Tech

Hanoi targets Alibaba, Netflix and Amazon with pair of new regulations

· CX Daily: Pandemic Proves a Boon for International Schools Setting Up Shop in South China

China's tourism travel surges to near pre-pandemic levels during the Qingming Festival holiday

Click here to read more of the latest news.

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