Beijing said Biden's comments “go totally against facts and seriously violate diplomatic protocol, and severely infringe on China’s political dignity”

New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027

Biden says Blinken did a "hell of a job" in China, after Secretary of State said US does not support independence for Taiwan, and pressed China to remain 'vigilant' of firms giving arms to Russia

Korean crypto promoter was arrested with a colleague in March but faces another month in custody, however where the pair will end up after that is uncertain

Yuan drops to 7.1747, with analysts saying markets expected bigger support and were hoping for a larger lending rate cut

Bill Ford, the great-grandson of company founder Henry Ford, also addressed criticism from US senators like Marco Rubio on the automaker's plans to partner with Chinese battery company CATL

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has China's financial sector worried

Chinese president hails agreement on issues with top US diplomat, but talks did not appear to make much progress on differences over Taiwan, trade, rights, fentanyl or war in Ukraine

The island's foreign minister said his government would not block investment in Europe, but the continent needed to "consider a broader picture" and think on Taiwan's 'situation'

The move is China's latest effort to enable the internationalisation of the yuan and protect its economy from capital outflows and geopolitical risks

US officials have played down the prospect of a major breakthrough in China-US ties, but say Blinken's primary goal is to establish durable communication channels with Beijing

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks