China's central bank has ramped up consolidation of small banks because of their weaker funding status and higher exposure to risk, in a bid to stabilize the financial system

"The data China released was different from what most people felt," an executive said, as subdued markets point to wavering confidence in China's outlook, analysts noted

TikTok’s moves follow a frosty hearing in the US Supreme Court last week, which has cemented expectations that it will face a ban starting Sunday

The new rules will include Russian cars, but exempt BYD buses assembled in California and won't cover Chinese software made before the rules take effect, so GM and Ford can continue to import some China-made vehicles

China’s RedNote — also known as Xiaohongshu — and Lemon8 have become the top two most downloaded apps in the US this week

Chinese state media says the development could lead to “overwhelmingly unfavourable consequences” for Taiwan and global chip supply chains

US court appears to see control of the app as the key issue in the case, and a top analyst says the world is entering a dangerous phase as US-China ties 'decouple'

New rules will cap exports of AI chips to adversaries such as China and Russia, while allowing US companies and close allies unlimited access

Latest US probe finds China subsidized labour costs in the shipbuilding as part of plan to dominate the sector; analysts say it opens the door to tariffs by Trump

The app and its Chinese parent have maintained that selling off US operations was not possible as it would be a complicated process that would also be prohibited by Beijing

Despite the Biden Administration’s push to finalise those rules, however, their implementation will come down to President-elect Donald Trump who takes office in a little over a week

Nearly $160 billion poured into money market funds in the week to January 8, according to LSEG Lipper data