That was nearly as much as the climate change-related losses China suffered in the first six months of the year combined

China is the world’s biggest emitter of greenhouse gases and has set ambitious targets to cut down its emissions, including hitting peak carbon levels by 2030

The move is significant given estimates that the carbon removal industry could earn up to $100 billion a year by 2030, but remains plagued by scepticism

All existing carbon credits linked to renewable energy projects failed to qualify as per the Core Carbon Principle standards due to concerns over their role in preventing emissions

The plan comes as no surprise considering US officials, such as Commerce Secretary Gina Raimondo, have said Chinese tech presents national security risks

From 2026 onwards, China will set its focus on controlling emission intensity across provinces and industries

BYD vehicles' affordability, lower costs of maintenance and 'superior battery performance' make them the right fit for its platform, Uber said

Early this year, the carmaker announced plans to set up a factory in US-neighbouring Mexico, a move that alarmed American automakers

China accounts for 80% of solar module production capacity after years of subsidies that have triggered a collapse in global prices

Hong Kong's benchmark saw the biggest losses in Asia with China's Politburo meeting announcing no new detailed efforts to boost the world's second-biggest economy

OpenAI has, since 2015, raised more than $11.3 billion in seven rounds of funding, and has big backers like Microsoft and Sequoia, but its costs are also huge

The top five spots in the country are now held solely by Chinese smartphone makers — for the first time ever