The rate cuts, which were expected, seek to boost consumption and loan growth at a time when economic growth is patchy and lacklustre
CATL, which produces 38% of the world's EV batteries, sees year's biggest listing, despite being put on a US blacklist four months ago. Proceeds could top $5 billion if greenshoe option is exercised.
The White House is reportedly concerned that the tie-up would help a Chinese firm improve its AI abilities and also make Apple more vulnerable to Beijing's censorship and data-sharing laws
CEO Jensen Huang outlines plans for AI supercomputer and a new office in Taiwan, which he hailed as one of the world's leading tech hubs
China's industrial and retail sectors slowed in April, while air freight capacity between China and the US plunged after the US closed the 'de minimus' tax exemption
Demand for containers to ship Chinese products to the US has shot up dramatically following the trade truce negotiated in Switzerland
Deals worth hundreds of billions of dollars, involving a vast number of advanced AI chips, plus data centres in US, were unveiled in the Middle East this week, despite long-held fears about Gulf nations ties to China
There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
The Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
Asia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade