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Gilead's Covid-19 drug trials show conflicting results. China's manufacturing contracts again in April. A leading supermarket operator is a beneficiary of the outbreak. Plus, China's Tesla rival gets a financial lifeline.

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China will hold the annual session after a two-month delay due to the Covid-19 outbreak. Beijing lowers its emergency response level. Big banks face pressure to pay out dividends. Tencent reshuffles the management of its online reading platform. Plus, Moutai posts a gain in profit.

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The global total of Covid-19 infections surpasses 3 million, and the death toll tops 212,000. An IPO reform for the Shenzhen's start-up board starts in China. Several banks halt the sales of products linked to crude oil futures. A Chinese EV startup accuses Tesla of 'bullying' over an IP suit.

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China loosens controls on medical exports amid the Covid-19 pandemic. The country's industrial profits plunge in March. Luckin Coffee is under investigation by regulators in China. Alibaba removes its youngest partner. Plus, Dangdang co-founders' divorce saga continues.

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