Shanghai Composite Index Ended Nearly Flat on Wednesday
Below is a rundown of the top China business and finance stories, plus other news for the day:
Bankruptcy court accepts battery giant’s proposal to pay off Sinuowei Mining Development’s debt and buy out its investors
Top economic official tells Davos forum that China is committed to an ‘open economy’ and predicts return to normal growth this year
Davos panelists discussing ‘China’s Next Chapter’ project strong rebound of economy turbocharged by consumers will trillions in excess savings
Decline of 10% to $1.98 trillion in 2022 is the first drop since official data began in 1999 and reflects China’s protracted property market slump
Vice premier predicts imports will rise, corporate investment will increase and consumer spending will recover
The first cohort of children born after the government ended its ‘one-child’ policy in 2015 is set to enter school this year
Tencent fires more than 100 employees over corruption charges, PBOC says Ant Group and 13 other platform companies have completed rectification
Henan Rural Commercial United Bank will take stakes in local rural credit institutions, whose asset quality is worrying
The acquisition will broaden the firm’s revenue sources to include dividends from CDF-Sunrise’s and Uni-Champion’s businesses
Eight people remain missing after the blast at a facility in the northeastern province of Liaoning
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