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Tesla has begun talks with the Modi government on plans to build an EV plant in the country that would sell cars locally at an affordable rate and export them across the Indo-Pacific, a source says

Hong Kong's Hang Seng Index jumped 2.6%, while the Nikkei rose by 1.5%, and other key markets ignored dismal trade data in China to stay in positive territory on Thursday

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The city has set up a company to bail out its cash-strapped local government funding vehicles, sources say, after Xi ordered local officials to curb hidden debt

The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.

China's embassy in London said the accusation was "disinformation" and called the US government "the world's biggest hacking empire and global cyber thief"

Patents for small computer chips, developed by a struggling US company, were sold to China two years ago, in a move some say highlights a need to reform the government watchdog CFIUS