Shanghai Composite Index Fell 0.58% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Shanghai to roll out 5,000 fuel cell vehicles in four years; Zhejiang province braces for rising power demand; Ningxia plans $250 million wind project
China intensifies crackdown on industry that threatens financial stability while contributing to global warming through vase use of electricity
Dong Hong, kicked out of Communist Party in April, to go on trial in Qingdao for taking an ‘extremely large amount’ of bribes, prosecutors say
BOC International and Tianren Investment pony up in C-round of fundraising for artificial intelligence-driven optimization provider
Chinese tech giant will invest $1.5 million each year in its seventh such center as part of efforts to build trust in its products in the face of U.S.-led sanctions
Guo Shuqing highlights rising nonperforming loans, derivatives speculation and fintech Ponzi schemes
The 10 international stories popular on Chinese social media include reports of a South African woman giving birth to 10 babies and release of a Japanese list of Chinese intellectuals and influencers who received funds to visit the country
China administers more than 800 million Covid-19 vaccine doses, and infant mortality rate falls to 5.4%
New legislation provides strong legal basis for countermeasures
New policy aims to improve financial institutions’ ability to handle risks and reduce government bailouts
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