Authorities were also rushing to check on the city’s under-pressure electricity network with the second highest ever temperature recorded on Thursday

Pakistan and China signed a $4.8bn deal to build a 1,200 MW nuclear power plant, while the debt-laden state is in talks with the UAE for control of Karachi port in exchange for emergency funds

Yellen says the World Bank and global development banks should be reformed to become more efficient before being given more funds to help poor nations counter climate change

Chinese scientists are reportedly developing a machine which is 90% accurate that could help locate hard-to-access deposits along the Tibet-India border

Technological advances have helped lithium-iron-phosphate batteries edge past EV batteries made of nickel and cobalt, experts say

Young Chinese face the "most difficult employment market in generations" and need to brace for tougher times as the situation could get worse before things improve, a top economist has warned

The Nikkei 225 in Japan was up by 0.56% on Wednesday, but the Hang Seng Index in Hong Kong slumped by nearly 2%; stocks also fell in Shanghai, Sydney, Bangkok and other markets

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

The PBOC is expected to make a modest cut in rates in the second half, but weak private sector confidence has undermined demand for loans

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

Alibaba announces a leadership reshuffle as it moves to split into six units, with Zhang to head its precious cloud unit and co-founder Eddie Wu to become the group's new CEO in September