Apple said on Sunday production of its iPhone 14 has been hit by Covid-19 restrictions at its key assembly plant in Zhengzhou, in central China.

Rumours and news reports have raised hopes for the easing of China's tough Covid curbs and improved relations with the United States

The social video app giant said staff must have access European user data to ensure the platform is "enjoyable and safe" 

Big Chinese, South Korean and Japanese firms are seen as more likely to follow through than local startups, as they have contracts with global carmakers and experience building large factories

Latest rate hike by the US Fed forced the PBOC set a midpoint rate of 7.2472 per dollar, 275 pips or 0.28% weaker than the previous fix, and the softest since January 2008

A US Federal Communications Commissioner says the US should ban TikTok as there may be no way around concerns about China accessing its user data

China Evergrande said this week it has received a notice of enforcement from Shengjing Bank for unrecoverable funds totalling 32.595 billion yuan ($4.48 billion)

Some 14 auditors have severed ties with Chinese property firms listed in Hong Kong this year, which has raised concern about debt-ridden developers that have failed to publish financial results

Exports sank in October by the most in more than two years, official data showed, the most since August 2020. Government vows to boost the economy but said it could take time.

Goldman Sachs estimates that $100 billion to $200 billion of foreign holdings could be at risk if global funds significantly cut their allocations of Chinese equities

The Japanese government said on Friday it will create an extra budget worth $200.8 billion to fund a package to help households and businesses cope with rising living costs.

The world's second-largest memory chipmaker, said its 2023 investment would be cut by more than half, and warned of uncertainty on its operations in Wuxi, China after US export curbs