Mainland China stocks enjoyed their biggest single-day gains since 2008, with property stocks soaring after mortgage cuts were announced by the PBOC; meanwhile, the Nikkei plunged on news of Japan's new PM

China's central bank says local banks should reduce rates on existing mortgages by no less than 30 basis points below the Loan Prime Rate.

Analysts say making household demand a driver of development, instead of investing in industry and infrastructure, is a long path paved with tough choices

Shanghai and Shenzhen are expected to abolish all purchase restrictions in coming weeks to revive demand. Beijing is also said to be reconsidering its home-buying curbs

Industrial profits fell by 17.8% in August from a year earlier following a 4.1% increase in July, data released on Friday showed

Sources said bond proceeds will go to subsidizing cheap purchases of consumer goods, plus families with 2 or more kids, and local governments

China could face more sanctions from the West after European intelligence presented evidence of a facility allegedly making drones for Russia's war in Ukraine

Sales of foreign-branded smartphones in China fell in August, while overall handset sales in the country increased 27%

US-based analyst says the axing of leaders at a top Chinese think tank stems from ideological power struggles and even leaking secrets about Xi Jinping's health

Zhu Hengpeng allegedly criticised China’s president and his economic policies, and has now gone missing, the Wall Street Journal reported

Investors were in positive mood after China’s central bank cut bank reserves and reduced mortgage rates

Rates cut for homebuyers by 50 basis points and yuan rises, but analysts say more moves will be needed to lift consumer demand