The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country's hardline Covid policy has put the economy on the brink of recession.
Drone maker says it is reassessing compliance requirements, so it will temporarily suspend all business activities in Russia and Ukraine
Officials have enforced strict lockdowns in China's most important economic hub, Shanghai, and the pinch from resulting economic losses will be felt across the world
Residents in Beijing were preparing for a possible nightmare scenario, rushing to buy food, toilet paper and other supplies, as the city's biggest district started testing 3.5m residents.
China's CSI300 index was close to a 23-month low on Monday, while the Hang Seng dropped 2.8% and the Nikkei fell 1.9%. Oil slipped 2.7%.
Officials in Beijing are on a "Covid-19 alert" and plan to test parts of the community in the Chinese capital after 15 new cases were found on Saturday, paper says
The London-listed company is in joint talks with Chinese state-run oil companies CNOOC, CNPC and Sinopec over its 27.5% holding
Chinese mainland stocks also closed down as Covid concerns outweighed the boost of support pledges from Beijing
Some local developers are heeding Beijing's call and moving to asset-light businesses such as property services and commercial real estate to cut reliance on a high-debt, high-turnover model
On a quarter-on-quarter basis, China GDP rose 1.3% in January-March, but impacts from Covid lockdowns in Shanghai and other cities have hit retail sales, factories and employment
First-quarter growth, however, may have perked up due to a strong start early in the year
The disruptions are sending a new ripple through global supply chains for goods ranging from electric cars to iPhones