Leading US economist Paul Krugman says China masked its inadequate consumer spending for years by promoting an "insanely large" real estate bubble, which is now being deflated

The Industrial and Commercial Bank of China agreed to pay $32.4 million in penalties for unauthorized disclosure of confidential information and failure to comply with US anti-money laundering rules in recent years

Companies that normally ship exports from Vietnam to Europe are opting for more expensive air freight because of attacks on vessels in the Red Sea, a freight platform said

The country's most indebted provinces and cities have been told to delay, downsize or stop work on state-funded transport projects, so municipal debt is contained

The popularity of BYD's EVs has encouraged its sole Thai distributor to dramatically expand its business. Rever Automotive said it will triple its dealerships in Thailand over the next years

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls; firms on thin margins facing severe impacts

China will get a 'Silk Road' gateway to South America and its resources via a $3.5 billion deep-water port at Chancay in Peru, due to open late this year

Top UN police official warns that criminal gangs are using underground banking systems which have "super-charged" the illicit economy in East Asia

A slew of economic readings early on Wednesday suggest China lost more momentum heading into the new year, despite a flurry of government support measures; investors appeared most rattled by ominous real estate data

The economic slowdown and uncertainty over jobs has led to many young Chinese opting to stay single and give up on dreams of having children

"The challenges to be faced by the company this year may be more severe than we imagine; we have to respond calmly," Country Garden President Mo Bin said

The countries hope to finalise a study to boost a free-trade deal signed in 2013, which stalled over China's human rights record. Li Qiang and a large delegation are also set to speak to global investors at Davos