 
 
							The Asian Development Bank's chief economist says Beijing needs to nurture a dynamic private sector with open market competition
 
 
							The development comes at a time when the US is increasingly urging its allies to work together to counter China's chips and advanced technology development
 
 
							Wang Weibao, who was indicted by the US this week for stealing sensitive technology, stole “the entirety of Apple’s 'autonomous' source code”
 
 
							A $2.6 billion share sale, if approved by China’s securities watchdog, would follow a capital raising rush by Chinese chipmakers in the face of US sanctions
 
 
							Global temperatures are likely to be 1.5°C above pre-industrial levels at least once over the next five years, the WMO says, and an El Niño weather pattern looks likely to occur late this year
 
 
							VinFast could hit break even as soon as the end of 2024, the company's founder Pham Nhat Vuong told investors
 
 
							The Chinese currency was flailing after poor data showed its economy’s recovery is running out of steam, dragging other currencies down with it
 
 
							The indictment was part of five cases centred on allegations concerning the theft of trade secrets and other technology, of which two others relate to China
 
 
							The move by Buffett’s Berkshire Hathaway was revealed in 13-F filings, which showed several other big funds had poured in millions in the Taiwanese chipmaker
 
 
							Hedge funds in Asia have been investing in China's top private education groups and US tech giants working on artificial intelligence, regulatory filings from the first quarter reveal
 
 
							Data on industrial output and retail sales in April was well under forecasts, while youth unemployment hit a record 20.4%, suggesting China needs to do more to bolster its recovery
 
 
							The findings come on the heels of a declaration by G7 finance ministers and central bank governors to support measures to counter illicit activities by state actors