Covid cases hit a six month high on Friday, with 3,871 new local cases. But the rise is causing social and economic strains, while keeping policymakers on edge.

South Korea's foreign ministry said on Friday it has proposed that the United States offer federal EV tax credits for groups that have investments planned in the US.

Xi said that as large nations with influence, they should work together more during "times of change and turmoil" for the sake of world peace, according to state broadcaster CCTV.

China says it wants technological innovations in big data, biotech and artificial intelligence to help tackle pollution, habitat loss and climate change

Ottawa has told 3 Chinese firms to sell investments in Canadian companies focused on critical minerals – on grounds of national security

Big Chinese, South Korean and Japanese firms are seen as more likely to follow through than local startups, as they have contracts with global carmakers and experience building large factories

State energy officials say total gas demand is likely to fall 1% this year, according to a researcher with CNOOC. That would be the first annual decline since at least 2002

The Hang Seng index fell 3.1% by the close of trading, while on the mainland, the bluechip CSI300 index was down 0.8%

Latest rate hike by the US Fed forced the PBOC set a midpoint rate of 7.2472 per dollar, 275 pips or 0.28% weaker than the previous fix, and the softest since January 2008

Tough Covid curbs have shut two plants run by EV maker Nio, and caused a fresh lockdown at the world's biggest iPhone factory, while also shutting 1,400 Yum China outlets last month

A US Federal Communications Commissioner says the US should ban TikTok as there may be no way around concerns about China accessing its user data

China Evergrande said this week it has received a notice of enforcement from Shengjing Bank for unrecoverable funds totalling 32.595 billion yuan ($4.48 billion)