Shanghai Composite Index Fell 2.3% on Friday
Below is a rundown of the top China business and finance stories, plus other news for the day:
China’s cabinet continues campaign to bolster the economy by breaking down barriers to business and offering support to smaller enterprises
Chinese and Russian presidents confer at Eurasian bloc summit in Uzbekistan and hail their ‘close and effective’ partnership
The province has directed smelters to reduce electricity use by up to 30% from Thursday
With former China Life Insurance Chairman Wang Bin arrested on corruption charges, Caixin delves into the infrequently mentioned crime of concealing savings abroad
The Cyberspace Administration of China wants to increase fines to $145,000 for a variety of violations
American coffee giant pours billions of yuan into 3,000 new stores, a coffee creative park and digital technology innovation
Hot, dry year dramatically crimps water supply and puts rice and other crops at risk in one of the country’s most important agricultural regions
Huayou Cobalt’s project in the country again makes use of an extraction technique known for causing environmental damage
Heaters and other electric appliances have become hot products for customers in Europe who don't want to freeze this winter
Police have taken the official into custody, but deny an accusation that the crime took place while the girl’s parents were held in quarantine
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