Former vice commerce minister says China's countermeasures will escalate if tougher tech restrictions are imposed. Analysts say they could extend to rare earth elements.

Insiders and analysts say Pan Gongsheng is known as a risk averse financial technocrat, who played a key role in crackdowns on perceived threats over the past decade

Beijing has ramped up trade rivalry with the US by announcing controls on gallium and germanium - two minor metals widely used in chips, EVs and high-tech products - and it could get worse

S&P Global's seasonally adjusted purchasing managers' index for South Korean manufacturers fell to 47.8 in June, marking the lowest level in three months

Manufacturing activity contracted in Japan and South Korea, and increased by just a small margin in China. However, it grew at a brisk pace in India, survey data showed on Monday

Yellen is expected to discuss cooperation on climate change and global debt distress, plus concerns about China's anti-espionage law in talks with senior finance officials in Beijing this week

Nikkei says an investigation has found that customs records confirm that Russia has been buying drones from Chinese companies specifically for use in its war in Ukraine

China's foreign exchange regulator Pan Gongsheng, who has years of bank experience and studied in the UK and US, looks set to be the new head of the People's Bank of China

The US warns that China's anti-espionage law provides extra grounds to access and control data held by foreign firms in China and could criminalise normal business activity

Alberta Industrial Heartland and the Hong Kong-based private equity firm Can-China Global Resource Fund (CCGRF) have ended their tie-up amid 'big losses' and eroded bilateral ties

A former NSW Premier was in a secret relationship with an MP accused of corrupt conduct over a visa scheme for Chinese nationals

Factory activity continued to contract, while the services sector also recorded its weakest reading in June since China abandoned its strict Covid curbs late last year