The move comes amid reports the government faces a cash shortfall of up to 6 trillion yuan (nearly $900 billion) because of the plunge in land sales and other tax revenue

Foxconn is aiming to capture around 5% of the global electric vehicle market by the end of 2025 and has said it is hoping to boost its capacity to make EV chips

The manufacturing purchasing managers' index (PMI) increased to 49.6 in May from 47.4 in April, the National Bureau of Statistics (NBS) said on Tuesday

Life is set to return to normalcy from Wednesday, when passes issued for people to go out for a few hours will be scrapped, public transport will resume and residents can go back to work

Trade and investments are booming, with Malaysia, Thailand and Indonesia reporting soaring exports as customers scramble for alternative sources of metals, electronics and apparel

As China's economy slows down in a crucial election year, economists are keeping an eye out for possible anomalies in the country's economic data

China is pulling out more than 400 billion yuan ($58 billion) from next year's budget to help local governments cope with costs such as tax breaks and fee cuts

The gap between 10-year yields on Chinese and US government bonds has vanished for the first time in more than 10 years

The operator of one of Australia's biggest casinos was fined $57.4 million on Monday by the Victoria state gambling regulator for allowing an illegal transfer of funds from China

Fijian PM Frank Bainimarama said climate change is the biggest crisis for Pacific nations, and they felt a consensus was important as some island states opposed the new regional agreements

China has banned Boeing and Airbus planes owned by foreign leasing firms from flying in its airspace amid doubt on their status after 're-registration' in Russia when sanctions were imposed

The issue will be one of the first by a Chinese developer this year in a US dollar bond market amid concerns about the health of the property sector after a series of defaults