Caixin
Jan 07, 2022 03:03 PM
FINANCE

Shanghai Composite Index Fell 0.18% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 0.18% on Friday, while the Shenzhen Component Index (399001.SZ) fell 0.59%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.17% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 0.98%.

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

· Analysis: Washington Will Rethink Its Foreign Chip Strategy

Asian chipmakers and their governments have pushed back against U.S. requests for information on their business with China

· Xi’an Lockdown Rattles World’s Largest Chipmakers

Samsung and Micron semiconductor factories face disruptions as workers stay home in the city’s worst Covid-19 outbreak

· Energy Insider: Beijing Breathes Clear Air

China lays out plan for complete solar panel industrial chain; Shenzhen power consumption sets a record; state mining giant expects to report 10% profit gain

· China Overtakes Japan as Top LNG Importer

Demand for clean liquified natural gas expands, pushing prices to record highs as producers crank up output

· China’s Property Market Set for Gloomy Year After 2021 Ends in a Funk

Some analysts say home sales will fall again this year and more developers will default on their debts

· Trip.com Loses Lawsuit Over Undisclosed Third-Party Bookings

Travel giant failed to notify customers they were buying hotel rooms from agents and risked paying higher prices

· Trending in China: Online Fury Ignited After Woman Miscarried While Forced to Wait Outside Hospital

Woman, who was reportedly eight months into her term, had been refused entry over a Covid test result

· Xi’an Covid Outbreak Is China’s Worst Since Wuhan, Disease Expert Says

The more transmissible delta variant is making it ‘extremely arduous’ to control the virus, says the former chief epidemiologist of the China CDC

· Textile, Apparel Companies Clock Off Early for Lunar New Year as Demand Slumps

Enterprises in several provinces are closing for the holiday up to one month in advance due to lack of orders, disruptions in supply of raw materials

· Minmetals Expects Strong Profits From Boom Year for Metals

The state-owned giant estimates profit will rise 10% as revenue hits the 800 billion yuan mark for the first time

Click here to read more of the latest news.

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