The firm’s chief operating officer Ashwani Gupta made the announcement as it revealed a new electric SUV at the Shanghai auto show

A smaller fine will follow its founder Jack Ma’s recent return to China after staying overseas for more than a year after a dramatic regulatory crackdown

The end of Covid curbs lifted business out of crippling disruptions, but analysts say the global slowdown means China faces a bumpy ride ahead as demand for exports is weak

Yuecai Holdings announced the fund, which will have a 17-year term and invest in auto chips and equipment for microchips, at an event on Tuesday, the Securities Times said

The world’s auto executives will be in Shanghai this week for the city’s auto show with Chinese car firms now enjoying unprecedented dominance

"Anything that happens in (the) Taiwan Strait will mean a lot to us," EU High Representative Josep Borrell said in an address to the G7 foreign ministers' meeting

The balloon could generate up to 10,000 watts of solar power, more than enough to operate a radar that can return images at night and penetrate clouds and thin materials such as tarps

"This year will be the hardest for us," said one of the exporters at the trade event, expressing concerns about the weak global economy hurting business

Major Chinese cities have seen a rebound in home sales over the past month, as pent-up demand was unleashed after the roll back of stringent Covid curbs

News that global development banks and creditors like China have agreed to speed up sovereign debt restructurings is seen as a possible breakthrough, but doubts remain amid geopolitical tensions

To support the growth, policymakers will rely on a mix of modest monetary easing and infrastructure spending, alongside efforts to bolster the property sector

China agreed to provide “lethal aid” to Russia for its war in Ukraine, according to a document on the Discord app, that may have come from US spying on Russian intelligence