A huge package of treasury bonds will be issued in the fourth quarter to revive the country's lagging economy, while over $110 billion in support will be targeted at infrastructure projects.
Leapmotor's plummet was Hong Kong's worst trading debut this year and is on track to be the steepest first day decline by a listing larger than $250 million
Five state-owned banks took part in a CBDC trial focused on cross-border transactions, the Bank for International Settlements (BIS) said.
Central bank has rallied state banks to defend the currency, urging them to be prepared to sell dollars in offshore markets to stem the yuan's descent
CIFI's shares plunged over 32%. Investors were shaken by the sector crisis reaching CIFI, one analyst said, as it was considered one of China's few resilient private developers.
Meta said it disrupted a China-based influence operation using Facebook and Instagram accounts with political content aimed at users in the US ahead of the midterm elections
The bZ3 sedan will be the second model of Toyota's "Beyond Zero" collection," powered by BYD electric batteries.
The proposal comes as pressure mounts on ByteDance over TikTok's 'excessive' harvesting of users' data, which could be shared with Chinese authorities.
The Biden administration is keen to head off China's bid for influence in the strategically important South Pacific after the Solomons agreed a security pact with China in April
China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said
Democrat leaders are among a bipartisan group who urged Biden to issue an order to "safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries."
PBOC warns against gambling after onshore yuan finishes at 7.2458 per dollar, weakest close since January 2008, while the offshore yuan slumped 1.15% on the day to trade at 7.2635.