Major companies including Apple supplier Foxconn and Intel are among those affected, as is Tongwei, the world's largest supplier of polysilicon.

Imports soared to a record $76bn in July, and with the yen falling 23% over the past year, the country's terms of trade are now the worst since 2015

HKEX has suffered a notable decline in listings and trading at its two Hong Kong exchanges from both China's economic slowdown, plus lingering geopolitical tension.

Chinese companies that assemble products for US tech giant Apple are considering making the Apple Watch and MacBook in Vietnam for the first time

Footage posted on social media shows chaotic scenes in Shanghai when staff tried to lock customers in a building and Ikea store amid concern about people having Covid-19

China's banking system is bursting with cash. Savers added 10.3 trillion yuan ($1.52 trillion) in deposits in the first half and M2 money supply rose at the fastest pace in six years in July.

The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed a petition with the Singapore High Court.

China stocks slipped and Tokyo was flat. Sydney and Mumbai both rose 0.6% while South Korea edged up 0.2%.

China will step up the use of special local government bonds and new credit provided by policy banks, the top planning agency said.

Tencent hired financial advisers recently to examine the best way to cash in on its eight-year-old investment and placate regulators, sources with knowledge of the matter said.

The onshore yuan dropped 0.47% to 6.7950 per dollar on Tuesday, its lowest since May 16, on concern about its recovery from recent Covid lockdowns.

Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.