The move will likely be announced at a summit with the US, which had asked Brussels to move against Chinese steel producers

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

The Belgian security service is monitoring Alibaba’s operations, with scrutiny on software systems that collate sensitive data and the need for the group to share information with Chinese authorities

Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the world’s most debt-laden property developer

Foreign firms have been particularly concerned about stepping over the line while dealing with Chinese regulators, amid Beijing’s crackdowns on due diligence and consultancy firms

While the planned diplomatic exchanges are aimed, in part, at restoring ties, Xi is also said to be hoping they will slow down Washington’s trade and tech war targeting Beijing

The pledge comes amid Chinese president Xi Jinping's increased focus on national security risks within the party, government, and large industries

The developer's already battered Hong Kong-listed shares slipped more than 8% on Tuesday, taking the stock's losses to more than 27% in two days

The ban is reportedly connected to Beijing’s investigation into top tech dealmaker Bao Fan, whose disappearance early this year shook the business community in China.

Huawei’s planned event comes on the heels of Apple’s iPhone 15 launch event held on Tuesday, which received mixed reactions in China

Apple's globally anticipated event to launch its latest iPhone 15 saw mixed reactions in China - the company's third largest market

Eddie Wu, a long-time lieutenant of former Alibaba chief Jack Ma, takes charge of the company amid its biggest organisational restructure of its 24-year history