The two new initiatives unveiled on Friday are subsidy programmes for consumers, and a subsidy for large-scale equipment upgrades for businesses.

Unlike the European Union and the United States, Norway does not impose tariffs on Chinese electric vehicles

BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable

Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty

Discount airline Jeju has been hit by tens of thousands of cancellations after the crash on Sunday, which killed 179 passengers and crew. Aviation experts still trying to determine why the crash occurred

Chinese hackers gained access to a digital key that enabled them to gain access to Treasury documents, officials said on Monday

Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says

Beijing has asked local governments 'with financial capacity' to give relief funds or a one-time allowance to people in need as the Lunar New Year break looms

China's top chipmakers are still 10-15 years behind leading Western chipmakers because they cannot access EUV lithography machines, ASML's new CEO has said

Iran is facing a major energy crisis which has forced many businesses to shut down and schools to go online, a new report says

Official data on Friday showed that industrial profits fell 7.3% in November from the same month last year, following a 10% drop in October

China is seen as a coercive neighbour that 'weaponizes' water projects to the detriment of neighbouring states. India and Bangladesh regard the Brahmaputra as a vital resource, but China refuses to abide by UN transboundary river rules