Shanghai Composite Index Fell 4.95% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 4.95% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 4.36%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 2.92% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.55%.

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

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