Citic Trust and CCB Trust will examine Zhongrong's current operations and help the firm come up with a repayment plan, but there are serious doubts on how much money investors will get back

German Foreign Minister and China critic Annalena Baerbock compared Xi to Russian leader Vladimir Putin

EU leaders will discuss areas of vulnerability in the supply of new energy systems, such as lithium batteries and fuel cells for electric vehicles, to avoid the dependency it had on Russia for oil & gas

Shares of China Evergrande plunged after trading opened on Monday, after the arrest of staff of its wealth management unit, while Country Garden also fell as it faces a new repayment deadline

Police revealed a financial crimes investigation into the Shenzhen unit was ongoing and appealed to investors to come forward

The IMF will urge China to shift its growth model towards consumption because it "matters to Asia and the rest of the world"

TikTok said it disagreed with the decision and the size of the fine – and that it had addressed most of the regulator’s concerns before it launched its probe

The sanctions against Lockheed Martin and Northrop Grumman would be imposed via China's Anti-Foreign Sanctions Law, a foreign ministry official said on Friday

Speculation swirled on Friday that China's defence minister - who has not been seen for over two weeks - may be under investigation or held in house arrest

Official data on Friday showed industrial output rose by 4.5% in August, while retail sales were up by a similar amount, but analysts say serious property easing is needed to deliver a real recovery

China unveiled steps to turn Fujian, which sits opposite Taiwan, into a zone for integrated development with the island but Taipei has rejected the idea

The ratings agency fears Beijing’s support measures won’t be enough to turn around the fortunes of the country’s real estate giants