The consultancy urged state authorities to restrict Chinese government-owned companies from state purchase and contracts and restrict university partnerships

Authorities said companies would be required to remove their 5G equipment by June 2024 and would not be reimbursed for their expenses

The statement comes as oil prices rebounded from two days of losses in a volatile session, bolstered by weakness in the US dollar

The investment bank’s analysts say any policy easing brought in so far won’t be enough to negate Covid’s impact and drive any significant growth

The ailing property developer said mass production of its Hengchi 5 e-SUV has been pushed back because of China’s Covid lockdowns

Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%

China's economic slowdown and its crackdown on tech companies have been blamed for new stock listings in Hong Kong plummeting to a nine-year low

Wynn is alleged to have lobbied former president Donald Trump to accede to Beijing's request for the return of a businessman who sought political asylum in the US

The technology hub has been steadily allowing more businesses to reopen and letting larger numbers of residents leave home after a Covid lockdown of nearly seven weeks.

From Friday, travellers from Dallas, New York, Los Angeles, San Francisco, Seattle and Chicago will no longer need an RT-PCR test seven days before flying, or any antibody test

April was the worst month for China's market since early 2020 as the country shut factories and imposed movement restrictions to combat new Covid-19 cases

China's Central Commission for Discipline Inspection is investigating PBOC former head of monetary policy Sun Guofeng.