Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This has led to fears of debts spreading from the property crisis to the financial sector

The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million

Malaysia and Vietnam have had cargoes worth about $320 million each denied or held for checks since the new rules came into force in mid-2020, nearly three times more than exports from China

OpenAI agrees to Altman returning to save the group from collapse; former Salesforce co-CEO Bret Taylor and former US Treasury Secretary Larry Summers will join the new board

The US Justice Department is now reportedly seeking an 18-month prison sentence for Zhao, the maximum suggested under federal guidelines

Analysts say investors looking to sue the ChatGPT-maker will have a 'weak case' as the company's structure insulates the board, even from decisions that backfire

The People's Bank of China said the deal "will help strengthen financial cooperation" and "expand the use of local currencies"

Stellantis and CATL have a preliminary agreement on producing lithium iron phosphate (LFP) batteries for the automaker's EVs in Europe

Argentina's new president Javier Milei has claimed he 'won't deal with communists', but Beijing says severing ties would be a mistake and that it is willing to work with Buenos Aires to promote stability

India and China are expected to oppose the move to block private funding for coal-fired power plants. Both claim their citizens still need more energy from fossil fuel sources.

Exports from Xinjiang rose to $409bn in the first 10 months of 2023 and could go higher as trade has jumped to countries in Central Asia and Southeast Asia, despite western sanctions.

Dozens of OpenAI staffers have reportedly announced internally that they are quitting the company, and many of them have taken to X to say the firm is "nothing without its people"