The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country's hardline Covid policy has put the economy on the brink of recession.

Purchasing managers' indices data released on Saturday showed factory and service-sector activity declined for a second straight month in April, it said

Improved profitability comes on the back of shrinking bad debts.

Alibaba Group, Tencent Holdings, Meituan and TikTok owner ByteDance have been invited to a government-sponsored symposium

The yuan has fallen 4.6% this month to 6.63 yuan per dollar in the biggest percentage fall since the currency was released from its peg to the greenback in 2005

Financial markets have been hit hard over the past two weeks on fears that lockdowns in China would cause severe damage to its economy

China's manufacturing PMI may have slipped to 48.0 in April, the lowest since February 2020, and below 49.5 in March, a median forecast of 26 economists showed

Luca Maestri, the tech company's financial chief, told analysts that supply-chain issues would hurt sales in the quarter by $4 billion to $8 billion

Weijian Shan, whose Hong Kong-based group PAG manages more than $50 billion, told a meeting that he would diversify away from the country

Germany is seeking closer ties with countries that share its democratic values in the Asia-Pacific region, such as Japan, Australia, South Korea and India, Schultz said

Huawei held just 6.2% of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.

The central bank risks upsetting the public as the weak yen drives up the price of imported goods going into Japan's upper house election expected on July 10