The central bank will extend its policy to support companies' carbon-reduction projects for three more years – up till the end of 2027

The coordinated cyberattacks have been blamed on Chinese hacking groups APT 31 and APT 27 by Russian cybersecurity outfit Kaspersky

The PBOC has opened a new front, following wars fought against speculators and unwelcome price moves in China's stock and currency markets

Many investors remained on the sidelines ahead of key data announcements out of both China and the US this week

Companies in China have been testing cargo drones that can carry loads of up to 2 tonnes, while helicopter taxis are planned near Shanghai

Markets took their cue from an overnight rally on Wall Street after a bigger-than-expected drop in US unemployment claims calmed investors' nerves

That was nearly as much as the climate change-related losses China suffered in the first six months of the year combined

Weak demand for travel to China, plus rising costs and needing to avoid Russian airspace, has seen Western airlines slash services to the mainland

Sources say some of the compliance checks were related to four rural commercial banks under investigation for suspected bond market manipulation

Some 73 companies are now on the US blacklist. New additions include Rare Earth Magnesium Technology Group in Hong Kong and Century Sunshine Group, which make magnesium fertilizer and alloy products.

SMIC lags behind rivals in its advanced chip production capabilities, which observers say could limit its ability to fully capitalise on the AI boom

July was China’s hottest in modern history, and the hot spell shows no sign of relenting in the east and south of the country