Evergrande expects to firm up debt restructuring proposals by end-February or early-March, lawyers for the developer told a Hong Kong court on Monday

The Chinese yuan fell to a more than two-week low on Monday as protests in China against Beijing's zero-Covid policies caused investors to back the US dollar.

Chinese stocks and oil prices fell sharply early on Monday, after protests in many cities against tough Covid restrictions, while the country posted another record high tally of Covid cases

The Shanghai show of dissent comes after a deadly fire in Urumqi, the capital of China's Xinjiang province, where Covid curbs were blamed for hampering rescue efforts

Some analysts believe China's GDP could now contract this quarter and have cut their 2023 forecasts as lockdowns and curbs continue to take a toll

Beijing has vowed to continue with its controversial zero-Covid policy despite growing unrest and the mounting toll on the world’s second-biggest economy

China's central bank will offer loans with a rate much lower than the benchmark interest rate so financial institutions can buy onshore bonds issued by developers, sources say

Real estate firms’ shares rallied after the move from China’s biggest commercial banks with some stocks rising 18%

Fitch Ratings says new-energy vehicles will continue to see strong growth next year as more motorists ditch petrol cars. It says EVs will account for 35% of car sales on the mainland in 2023

Economic activity in the fourth quarter "is crucial for full-year growth", according to the State Council meeting chaired by Premier Li Keqiang, who said now was a "critical time" to bolster the economy.

A dozen members of staff said they were in "disbelief" at UK ministers ordering China's Nexperia to sell its 86% stake in the plant and travelled to Westminister to protest at the decision

Stellantis plans to produce dozens of electric models in the coming decade, but its CEO Carlos Tavares has said it could be five or six years before affordable battery EVs are created