Fourteen of China’s top 15 carmakers reported sales losses last month while EV firm BYD’s April sales surged 138.4%
The central bank has made three interventions in two days, spending HK$8.533 billion (US$1.08 billion) in total to defend the local currency, which is weakening because of capital outflows
The group of Chinese power companies said Pakistani authorities were pressuring them to maximise generation to meet peak summer needs
Zhongliang is struggling to repay notes worth $729m. Even if it wins approval to extend bond coupons by a year, it would need to pay an extra $1.25 million due to the weak yuan
The action was not only a crime against the company but also ``a crime against American workers,'' the FBI said in a statement.
China's imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation, says the Peterson Institute for International Economics.
Officials in Beijing denied rumours of sweeping Shanghai-type curbs, asking people not to panic-buy but to stay at home, while also announcing a fresh round of mass testing.
Logjams have hurt Boeing's cash flow while debt has soared, raising fears among investors of a potential credit rating downgrade for America's largest exporter
Widespread lockdowns to rein in Covid-19 brought economic activity to a standstill in China and also sparked runaway inflation across the world
Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter
The group said the Zijin Mining project is one of the many highly polluting Chinese investments undertaken "without necessary environmental and social due diligence"
The government said that under the current system civil servants are required to print out emails and electronic documents for filing in paper folders