Shanghai Composite Index Fell 0.42% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
While Biden’s funding ability may be shaky, the world is desperate for investment, and China would probably benefit from a little competition, two scholars say
Shares bounce on NYSE after Wall Street Journal reports that reversing last month’s IPO may be one way of addressing China regulatory woes
Caterpillar, 3M, Coke, Google and Walmart join in sending cash, water, food, clothing and equipment to province following disaster
Robustness of first-half consumer spending separates winners from losers while burden of new carbon policies falls unevenly
Founder of Sun Art Retail, representing No. 2 shareholder Alibaba, succeeds billionaire Zhang Jindong after $1.36 billion Alibaba-led bailout
Veteran Qin Gang takes role as diplomatic tensions remain high on several issues
Industry group complained to Beijing about U.S. e-commerce giant’s action against the businesses, some of which are facing bankruptcy
A manager and an investor of a Sichuan Bitcoin mining farm told Caixin about how they had been building their wealth during China’s crypto gold rush — and now they couldn’t do that anymore
Genki Forest and HeyTea whet investor appetites with ‘China Chic’ to earn pumped up valuations as the two go head-to-head with the U.S. giants
Tokyo’s daily new Covid-19 cases exceed 3,000 for first time and China’s new ambassador Qin Gang arrives in the U.S.
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