Property sales in China saw their biggest monthly fall in 16 years in April as Covid lockdowns sapped demand despite moves by officials to ease borrowing limits and revive the sector

The skyrocketing numbers over the weekend prompted a sympathetic response from South Korea, which offered vaccines, medical equipment and health personnel.

Export volume from Shanghai is almost back to normal as carmakers prioritize them over domestic shipments.

Indian exporters, importers and banks are using a trade ploy they "relied upon during the US embargo on Iran to sidestep sanctions on Russia" by turning to the UAE, the report said

Japan needs to ramp up its production of electric vehicles – or risk a 14% drop in GDP, a Climate Group report has warned, as it lags markets in Europe, China and the US in EV sales

The central bank has made three interventions in two days, spending HK$8.533 billion (US$1.08 billion) in total to defend the local currency, which is weakening because of capital outflows

The company plans to spend $1.9 billion over the next five years to ramp up production of gasoline and electric vehicles around 2025 before opening an EV line in a new factory after 2027

The sell-off was triggered by deepening investor worries over inflation and higher interest rates. Cryptocurrencies were dragged down, too.

If Sunac goes into default, it could ramp up panic about China's property crisis, executives at other firms said, as Sunac is a big group known for its mid- to high-end properties

China stocks closed higher as investors took comfort in lower Covid-19 cases, while US President Joe Biden's decision to consider eliminating Trump-era tariffs on Beijing lifted risk appetite.

Economic damage from China's current coronavirus outbreak could be more than 10 times the impact from the initial outbreak in Wuhan in 2020, the SCMP said, citing a local economist

Chinese investors are pumping funds into bonds, deposits and the money market, as Covid lockdowns slow the economy – and stock markets slump