Both firms have seen their market shares squeezed by local rivals such as smartphone-maker Huawei and electric vehicle giant BYD, while a larger economic slowdown shadows China

While the tourism boom will offer some relief to Chinese policymakers, the sustainability of the boost remains uncertain as the country's faces deflationary risks and slowing demand

A leading health expert predicts the post-reopening surge in cases will be fuelled by the Lunar New Year migration spreading the virus to rural areas

More countries around the world are, meanwhile, demanding that visitors from China take Covid tests as the country battles a ‘tidal wave’ of infections