Jim Pollard

The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

China's proposals could help it retain its 70% grip on global processing of lithium into the material needed to make EV batteries. It could also threaten expansion plans by groups such as CATL

The payout could amount to a one-time shot to the economy of $12-20 billion if all 48 million civil servants in the public sector collected on terms some outlined

The law requires public country-by-country reporting to allow the tax office to assess if business operations align with locations where profits are booked and taxes paid

Trump's tariff threats have rattled the yuan, driven mainland bond yields down and got stocks off to a bad start to 2025

Four large mutual funds got calls from the Shanghai and Shenzhen stock exchanges last week, asking them to buy more stocks than they sold each day

The Shanghai Megapack facility, completed in December, is projected to produce about 10,000 Megapack units a year – 40 GWh of annual capacity.

Chinese tech giant and battery-maker say the move is "a mistake" as they are not military firms or suppliers, or engaged in military activities

Foreign investors bought $26.6 billion worth of Asian equities in 2023, but last year they sold nearly $16 billion worth of equities in seven Asian nations

Shandong Port Group has blacklisted vessels sanctioned by the US, blocking access to key ports as the US looks to enlarge its list of 'shadow fleet' tankers shipping Russian oil