Some 28 cities were implementing varying degrees of lockdown measures, with over 200 million people affected in regions responsible for a quarter of national GDP at the start of this week

Profits at China's industrial firms fell by 6 percentage points in September. Covid restrictions, the property crisis and weakening demand were the key reasons.

Korean tech groups SK Hynix and LG Display joined US tech giants in reporting big slowdowns in growth and warning things are going to get worse, fanning recession fears.

Cases have been rising in China, even in the Beijing, which has some of the strictest Covid barriers, despite the tough zero-Covid policy. Parts of Wuhan and Guangzhou have also been locked down

The downgrade to B2 from B1 came after the Chinese conglomerate said last week its units would sell a combined 60% stake in Nanjing Nangang Iron & Steel United for up to $2.2bn

The world's second-largest memory chipmaker, said its 2023 investment would be cut by more than half, and warned of uncertainty on its operations in Wuxi, China after US export curbs

The onshore yuan finished the domestic session at 7.1825 per dollar, the strongest since October 12, while its offshore counterpart traded at 7.2151 at around 0830 GMT.

Over the past week Japanese officials have spent close to $62 billion propping up the yen against the soaring dollar

Mobility statistics on flights, the movement of containers at major ports, plus city passenger traffic all deteriorated in October, the latest data in China shows.

The world is facing its "first truly global energy crisis" but IEA chief says that has sped up the transition to clean, renewable sources of power.

Securities regulators recently asked fund managers to prevent an excessive proportion of institutional investors in money market funds. At least 20% must be invested in liquid assets.

Australian Federal Police have arrested a former US military pilot and flight instructor who worked in China for many years, but now faces extradition to the US, court documents show