The law, said to be one of the world's strictest, requires public country-by-country reporting to allow the tax office to assess if genuine business operations align with locations where profits are booked and taxes paid

The surprise New Year payout could amount to a one-time shot to the economy of $12-20 billion if all 48 million civil servants in the public sector collected on terms some outlined

China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

Unlike the European Union and the United States, Norway does not impose tariffs on Chinese electric vehicles

BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

Climate experts have warned that continued investments in fossil fuels will create the risk of assets worth $557 trillion being left useless by 2050

Chinese hackers gained access to a digital key that enabled them to gain access to Treasury documents, officials said on Monday

Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says

Beijing has asked local governments 'with financial capacity' to give relief funds or a one-time allowance to people in need as the Lunar New Year break looms

China's top chipmakers are still 10-15 years behind leading Western chipmakers because they cannot access EUV lithography machines, ASML's new CEO has said