Officials from Danzhou city say the buildings will be completed and turned into rental housing, serviced apartments and used for commercial activities.

The Hurun Rich list, which ranks China's wealthiest citizens, said the number of dollar billionaires dropped by 239 to 946 this year.

Nvidia has confirmed that it is offering the A800, a new advanced chip in China that meets export control rules imposed by the Biden Administration a month ago.

A 'nationalisation process' has begun with state 'partners' assigned to "effectively take control" of some assets of major private tech firms such as Tencent and JD.com, scholars say

Hua Hong Semiconductor, which specializes in mature technology, has been given regulatory approval for a $2.5-billion IPO in Shanghai

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.

Chinese authorities have ramped up moves to contain Covid outbreaks after health officials reported 5,496 new local infections on Monday, the worst since May 2

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

The two sides are discussing a reduction in Renault's 43% stake in Nissan, potentially to 15%, so the carmakers can collaborate on more equal terms

South Korea's foreign ministry said on Friday it has proposed that the United States offer federal EV tax credits for groups that have investments planned in the US.

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