The PBOC is expected to make a modest cut in rates in the second half, but weak private sector confidence has undermined demand for loans

New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027

Biden says Blinken did a "hell of a job" in China, after Secretary of State said US does not support independence for Taiwan, and pressed China to remain 'vigilant' of firms giving arms to Russia

Korean crypto promoter was arrested with a colleague in March but faces another month in custody, however where the pair will end up after that is uncertain

Alibaba announces a leadership reshuffle as it moves to split into six units, with Zhang to head its precious cloud unit and co-founder Eddie Wu to become the group's new CEO in September

Shops in Shenzhen's famous electronics market are selling high-end Nvidia chips, but the costs are huge and the numbers appear to be limited

Yuan drops to 7.1747, with analysts saying markets expected bigger support and were hoping for a larger lending rate cut

The European Union is set to lay out strategies on 'de-risking' trade with China and other potential military rivals

With weakening growth and youth unemployment hitting a record high, Beijing's push for wealth equality and crackdown on corruption has China's financial sector worried

Chinese president hails agreement on issues with top US diplomat, but talks did not appear to make much progress on differences over Taiwan, trade, rights, fentanyl or war in Ukraine

AstraZeneca is looking at spinning off its business in China - listing it in Hong Kong or Shanghai - in hope that the move will protect it from rising tensions between global powers, sources have said

The move is China's latest effort to enable the internationalisation of the yuan and protect its economy from capital outflows and geopolitical risks