Shanghai's Covid curbs may prevent Tesla from getting the parts it needs to sustain production, says the Jiangxi New Energy Technology Institute

The philosophy is aimed at "centralising and strengthening the party’s economic control,"  Chinese academic Xin Sun argues in a London School of Economics paper

As most shipments were contracted before the invasion of Ukraine, any cut to Russian oil purchases due to worries about sanctions would only be reflected in data due for release in May

Stringent lockdown measures have left the city struggling with loss of income, irregular food supplies, separation of families and poor quarantine conditions

Lee, the former No.2 official of the Asian financial hub, is set to replace chief executive Carrie Lam on July 1 with backing from Beijing

The alerts included messages such as "a war could break out", a train station in Taipei being set on fire and Taiwan's president declaring a state of emergency

But falls were limited by China surprisingly keeping its benchmark lending rates steady for the third straight month at its April fixing

Lee, formerly Hong Kong's security secretary, was one 11 officials hit with sanctions "for undermining Hong Kong’s autonomy and restricting freedom of expression"

Covid-19 related suspension of Tesla's Shanghai factory, costs of ramping up new factories in Berlin and Texas and rising supply chain costs weigh on Tesla first-quarter earnings

Smaller cities have been hammered by falling home prices for seven months since September, the latest tally of 70 major cities by China's statistics bureau shows

Financial support should be also prioritised to key sectors including freight logistics and consumption, the People's Bank of China said in a statement

Zijin said it signed a deal with Xanadu Mines to buy a 19.9% stake at A$0.04 ($0.0296) per share, and another 50% stake in Xanadu unit Khuiten Metals for $35 million.