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

The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.

China's embassy in London said the accusation was "disinformation" and called the US government "the world's biggest hacking empire and global cyber thief"

Patents for small computer chips, developed by a struggling US company, were sold to China two years ago, in a move some say highlights a need to reform the government watchdog CFIUS

China’s LandSpace jumped ahead of US rivals, including Elon Musk's SpaceX and Jeff Bezos' Blue Origin, in the dash to launch carrier vehicles fuelled by methane

Industry observers say the sanction-hit Chinese tech giant will be able to source the advanced chips needed domestically by the end of the year