Shanghai Composite Index Fell 2.34% on Monday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Five-year-old, $8.3 billion ‘sponge city’ program for handling floods falls short as toothless red alert warnings go unheeded
Shagang’s restructuring plan centered on a multibillion pound deal for a British data center operator. After five years, an insider trading investigation and a record trading suspension, was the deal worth it?
Official tells industry conference new energy plan will place greater emphasis on solar
China is well-poised to maintain its position as the world’s factory by virtue of its advantages in big data, AI, automation and intelligent production capacity, writes Kai-fu Lee
Regulatory probe finds tech firm’s 2016 purchase of China Music Corp. stake breached Anti-Monopoly Law
Regulators increase penalties for violations and vow to further clean up the housing market within the next three years
Strategic reserves to sell copper, aluminum and zinc to stabilize commodity prices; carbon market inks first bulk deal; coal chemical project suspended
Authorities issue sweeping new regulations restricting after-school tutoring, forcing an industry restructuring and banning share sales and foreign investments
Property conglomerate aims to raise money from sale to help pay off its borrowings
Beijing rejects WHO plan to reinvestigate Covid lab-leak theory and China’s child care services fall short
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