China coal prices held near record highs on Thursday as cold weather swept into the country's north and power plants stocked up on the fuel to ease its power crunch.

Hyundai temporarily suspended work in some factories, but now wants to develop its own chips to reduce reliance on chipmakers to prevent supply problems in the future.

The producer price index (PPI), which measures the cost of goods at the factory gate, rose 10.7% on-year, according to the National Bureau of Statistics.

Shares of Chinese real estate firms slip as investors worry about the debt crisis that has hit the property sector, including China Evergrande Group, following fresh rating downgrades.

Under the plan, the National Anti-Monopoly Bureau would be elevated to deputy-ministerial level, while remaining within SAMR, to help M&A investigators gain resources

Chinese billionaire has kept a low profile since giving a speech in Shanghai last year criticising financial regulators. Ant was forced to drop its IPO and has undergone a major rejig.

Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks

China has the ability to address the Evergrande crisis, although there is a risk of the developer's pain escalating to cause broader financial stress, the Fund says

Leading property association will hold a meeting with members on Friday to assess the difficulties builders are facing across the country and advise on policy implementation

Bulgarian economist keeps her job as head of the International Monetary Fund, after the lender's board reaffirmed its confidence in her, despite data-rigging allegation.

Car sales fell 19.6% in September from 2020, amid supply and power constraints, but sales of new energy vehicles were strong, industry officials said.

All industrial and commercial users will have to buy directly from the market or agents over the grid – just 44% do this now – in a move aimed at stopping high energy consumption