China's biggest private developer says it faces default risks, while creditors prepared to vote on its proposal to delay payment for an onshore private bond; offshore creditors have in talks with a US law firm
The country's biggest lender, the Industrial and Commercial Bank of China, and the Bank of China posted profit growth of just 1.2% and 0.78%
If true, the development of a homegrown 5G chip would mark a win for China's local semiconductor sector, which has seen stock market gains of roughly 8% so far this week
The surprise move, which was part of a slew of measures to bolster the stock market and investor sentiment, threatens to close one of the few bright spots in the country's financial sector this year
Investors responded to range of cues on Wednesday as Sino-US tensions, rate hikes, China’s property woes and US data all weighed on sentiment
China responds positively to Commerce Secretary's blunt remark that US companies complained to her that China has become "uninvestible"
Shares of the still loss-making automaker have rallied more than 333% over the past five days, reaching a valuation of roughly $190 billion
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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.