The gross payout was the most since data began in 2013 and a 257% increase from a year earlier, according Ministry of Human Resources and Social Security data.

Production hubs in China have seen output hit by Covid-related lockdowns in Shanghai. There is also deep concern about the impact of growing tensions between the US and China.

Watching TikTok videos creates a digital equivalent to crack, which is "instantaneous but wears off quickly, driving the user to seek another 'hit'," the report said.

Industry ministry orders officials and firms to eliminate illegal activities in the sector, after the IEA called for a more diverse supply chain to reduce China's PV manufacturing dominance

US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation

China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces

Asian markets slid lower on Tuesday amid expectations of a further rate hike in the US, the slowdown in China, but financial stocks helped to pull India's Nifty 50 to a positive level

Juneyao Group is exploring a move into the EV market, where sales are booming because of generous government subsidies and tax incentives.

The latest firms to announce plans for capital raisings on European bourses include Joincare Pharmaceutical Group Industry Co. and Eastroc Beverage, China Daily reported.

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.