Pinduoduo has briefed merchants on its plans but details have not yet been finalized, a source said.

India is set to sign a $3-billion deal with the US for 30 top-level military drones for surveillance of their border with China and the Indian Ocean

To survive ''the crisis of the next three years,'' Huawei's strategy must shift from the pursuit of scale to a focus on profit and cash flow, said founder Ren Zhengfei in an email.

Vice Commerce Minister Sheng Qiuping says SMES face greater pressure to survive amid Covid restrictions on mobility and risks of declining external demand.

Factories in China's southwest will remain closed until Thursday and power use restricted in malls because of the prolonged heatwave and drop in hydropower output

Some Chinese traders expect more Russian coal to flow into China in the fourth quarter when utilities in the northern region build stocks for the winter heating season.

Indiana Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. House Speaker Nancy Pelosi's earlier visit infuriated China.

The onshore yuan opened at 6.82 per dollar and touched a low of 6.8308, the weakest level since Sept 2020, while its offshore counterpart fell to a near two-year low of 6.852

China's economy narrowly avoided a contraction in the second quarter as widespread lockdowns and a property crisis took a heavy toll on consumer and business confidence.

Officials in western Sichuan province have maintained their ban on industrial facilities using power until Thursday, when rain has been forecast, a report on Sunday said

"We can expect more geopolitical contestation in the Asia-Pacific," he said, adding that Singapore would try its best to avoid being caught up in the "major power rivalry".

Japan is considering extending the range of its missiles from 100 kilometres to 1,000 kilometres to boost its ability to strike back against China, the Yomiuri daily said.