Confidence in China's services sector hit a 4-year low in June, according to a private survey, which blamed a drop in foreign orders. Meanwhile, Japan also saw a slide in services activity.

The EU is set to confirm provisional tariffs on Chinese EVs on Thursday, but many states are yet to decide on whether tariffs or a negotiated solution is the better outcome

In May, the US Commerce Department revoked licences allowing companies including Intel and Qualcomm to ship chips used for laptops and handsets to Huawei

Any larger scale or protracted industrial action would be a headache for Samsung as it scrambles to catch up with rivals in chips used for artificial intelligence

Beijing is working to fill a gap in its regulatory framework - on a law that will establish a fund to rescue troubled financial institutions

Trade minister says tariffs of 100-200% would be imposed on Chinese imports, from footwear to ceramics, as the government wanted to ensure local "industries will survive and thrive."

Five of the seven Chinese securities units that are part of US or European banks made a loss or reported a big fall in profit last year

The move follows a call by the financial regulator for companies to unwind cross-shareholdings, which are seen as spurring lax governance

US backs a UN resolution aimed at boosting international cooperation on AI capacity-building, but China's envoy says America's ban on AI investment in China is problematic

Top Chinese carmaker has enjoyed steady growth at home, selling 426,039 EVs in the second quarter, based on monthly totals

Last month, China became the first country in the world to bring rock samples from the far side of the moon back to Earth

The news comes amid a prolonged capital market downturn in both the former British colony and on the mainland, plus growing Sino-US tensions