Li Qiang, a trusted confidante and former chief of staff for Xi, who oversaw the 2-month Covid lockdown in Shanghai this year, is set to become China's next premier.

Shanghai party chief Li Qiang is likely to succeed Li Keqiang as premier in March, but the reaction from analysts was cool, saying the Politburo's new Standing Committee is just stacked with loyalists

Chinese Premier Li Keqiang has been dumped from the powerful Politburo Standing Committee, but will retain his post till about March

Japanese PM Fumio Kishida said the two nations had been working to achieve a free and open Indo-Pacific under "an increasingly severe strategic environment"

PBOC chief Yi Gang was dumped from the Communist Party's Central Committee and is seen as likely to retire next year

Speculation is rampant after former Chinese President Hu Jintao was escorted out of the main auditorium during the closing ceremony of the 20th Congress

China's yuan sank to its lowest level since January 2008 on Friday, despite major state banks selling dollars to try to stabilise the weakening currency

Chinese officials plan to ease share financing rules for some real estate-linked firms, but analysts say it will take at least a year for the property sector to emerge from mountains of debt

Japan's core consumer inflation rate rose 3% last month to a new high, adding pressure on the Bank of Japan and its soft interest rate policy, which has caused the yen to plummet

Seven Chinese have been charged with harassing a US resident and his family in a bid to make him back to China, as part of a campaign to force wanted fugitives to return

Japan will undertake its biggest arms buildup since World War Two amid growing concern about the war in Ukraine and Beijing's plan to takeover Taiwan

City awards $191-million contract to build quarantine centre on Fuxing Island, in the Huangpu River, while officials in Beijing step up checks and lock down compounds as cases rise