The US and China have an obligation to the world "to cooperate on areas of mutual concern", US Treasurer says, such as faster debt deals and climate finance for poor countries

Some say China has been "scarred" by years of strict Covid measures and regulatory curbs on property and tech firms, but there is also less demand for its exports amid the global slowdown

Prices were the same as the previous year, retreating from the 0.1% increase in May, according official data on Saturday. All eyes are now on a Politburo meeting later this month

Bosses of Intel, Qualcomm and Nvidia plan to lobby top officials against extending curbs on the sale of advanced computer chips to China – or advocating for any moves to be eased or delayed

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

The investment proposal also includes a plan by BYD to set up charging stations in India and build research and development and training centres

The 64-page document, published on Thursday, was unflinching in its appraisal of Beijing's increasing assertiveness and "unfair practices”

The meeting, set for next Friday, will focus on the current conditions of US dollar-denominated investment firms in China and the main challenges they face, sources say

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.86% on Friday for its biggest weekly gain in eight months

Hong Kong's Hang Seng Index jumped 2.6%, while the Nikkei rose by 1.5%, and other key markets ignored dismal trade data in China to stay in positive territory on Thursday

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The city has set up a company to bail out its cash-strapped local government funding vehicles, sources say, after Xi ordered local officials to curb hidden debt