The finding coincides with news that New York City has banned the Chinese social media app on government devices because of security concerns

Hedge fund boss said China needed to slash its debts as "burdensome debt service payments are freezing the economy, especially at the provincial level"

Debt-laden Chinese builder seeks protection via the US bankruptcy code, which shields non-US firms undergoing restructuring from creditors that hope to sue them or tie up assets in the US

Some China watchers say Xi's focus on security is scaring off the money Beijing is trying to attract. Others say the country is making a painful transition away from its debt-fuelled growth-at-all-costs policy

Zhongzhi Enterprise Group, which manages over $137 billion in assets, has hired a top accounting firm to help it deal with a liquidity crisis. Its Zhongrong Trust has stopped payments to investors

Beijing's move to slash massive debts in the real estate sector is neutralizing growth prospects, as debt strains from developers and local governments spread across the economy

Analysts say the country's sputtering economic recovery has weighed on the social media and gaming giant's recovery

Intel's proposed merger appears to be a victim of the US-China 'chip war', as it is one of several deals that Chinese regulators have failed to endorse

Chinese lawyers have heeded calls from local regulators to tone down the wording of business risks in documents for offshore listings, but some say the move could spur questions by the US regulator

The PBOC's unexpected move on Tuesday comes as data for July showed weak retail sales and industrial growth. Analysts say more support is urgently needed to avoid a 'downward spiral'

Fears that China's economic downturn will hit the financial sector have risen after Zhongrong International Trust missed payments of $19.3 million last week

Sources say SoftBank Group is in talks with Vision Fund 1 to buy the 25% stake in Arm it does not directly own as it gets ready for the chip designer's Nasdaq IPO