Many Chinese battery-makers have invested in the African nation recently as JVs with local firms in countries with trade deals with the US may get tax credits

South Korea's Hyundai Motor and LG Energy Solution opened the first EV battery plant in Indonesia on Wednesday. It is part of a $9.8bn plan to set up an EV supply chain in SE Asia's biggest economy

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

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

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

A huge graft scandal, which has caused a big purge of officers in the PLA, is likely to set back conflict in Taiwan or the South China Sea, analysts say

The new rules, which take effect in October, say the State Council will establish a rare earth product traceability information system. They also seek to protect domestic supply of critical minerals.