Shanghai Composite Index Fell 0.71% on Wednesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
U.S. speaker of the House makes visit in defiance of repeated threats and warnings from Beijing, raising tensions
Surge of severe and fatal cases among young children spurs authorities to make Hong Kong the first city in Asia to lower the vaccination age to 6 months
Former Co-President Diao Shijing and subsidiary Chairman Li Luyuan taken away as former Chairman Zhao Weiguo was probed
Low profits and onerous reporting standards put stakeholders under pressure to ‘cook the books’
Missfresh denies it’s going under, Nio to open Hungary plant
The country’s largest EV battery-maker accuses competitor CALB of patent infringement and unfair competition
The delegates will officially elect around 200 members of the party’s top decision-making body, the Central Committee, which will in turn formally name the seven-member Politburo Standing Committee — China’s top leaders
High value-added industries such as biotech contributed 31.4% of China’s overall economic input activities in July
The company has suspended most of its staff and closed its core grocery delivery business after struggling to find fresh investment
SEC says American oversight agency couldn’t fully review e-commerce giant’s fiscal 2022 books as negotiators appear deadlocked
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