China's economic czar stressed that the government would continue to 'vigorously support' the private sector and development of the digital economy

Richard Liu will focus on long-term strategies and training, while Xu Lei will become president and manage the company. Liu is the fourth tech boss to opt out in recent years.

Sources say Japan's Trade Ministry is ready to back Western Digital's bid to merge with Kioxia if it gives the country more leverage in geopolitical tech rivalries, and a way to counter chip shortages

Purchasing Managers' Index fell to 46.7 in August from 54.9 in July, its lowest level since the first wave of the Covid pandemic in April 2020

Fumio Kishida is one of four LDP figures seen as potential candidates to succeed Yoshihide Suga, along with Sanae Takaichi, Taro Kono and Shigeru Ishiba

China's plan to launch a new exchange in Beijing hit the shares of Shenzhen's ChiNext board amid fears of greater rivalry

Micronesia will use US funds to lay an undersea cable between two of its four states on part of a route proposed under a previous project that failed to materialise amid geopolitical wrangling

Alibaba, Tencent and Pinduoduo are backing President Xi's call for successful companies to help narrow the country's wealth gap

This is an idea first mentioned by Mao, which President Xi hopes can be achieved by narrowing the huge wealth gap that threatens the country's economic ascent and Communist Party rule

Global Times says the US move to try to block a Chinese takeover is a 'dangerous' precedent that could affect decisions on other mergers and acquisitions

Chinese officials have been tightening scrutiny on the fintech sector, while ByteDance has focused on e-commerce and gaming as its new sources of growth

Officials on Hainan Island are considering setting up an international carbon emissions trading exchange to connect China's national trading scheme with the global market