China's economy will be slow to recover, despite Shanghai, a city of 25 million people, reporting on Thursday that it had 338 new locally transmitted infections for May 25, the lowest since mid-March

Global carmakers are falling behind Chinese electric car companies in the world's biggest car market, with no foreign brands among the top 10 carmakers in the China EV segment this year, except for Tesla in third place.

Business secretary Kwasi Kwarteng said the acquisition of Newport Wafer Fab by Nexperia, a subsidiary of China's Wingtech, would face an investigation

China's central bank also says it will boost the confidence of financial institutions to lend as the Covid-stricken economy limps back to normalcy

Divergent comments by China's top two leaders seem to have "exposed what government officials and policy advisers describe as simmering tensions among top Communist Party officials"

The China Passenger Car Association (CPCA) data showed sales of passenger vehicles fell 16% from the same period a year earlier to 780,000 units

Hang Seng Indexes said the metaverse "has captured the attention of people around the world" and such companies are rapidly growing in popularity

China wants to woo India as an ally both in its Belt and Road infrastructure initiative and against US-led hegemony in Asia but it also fears New Delhi is a competitor

Ren Yuanzhen, a researcher with the Beijing Institute of Tracking and Telecommunications, urged China to develop anti-satellite capabilities

The latest drop came as an analyst lowered his price target for Tesla stocks to $800 from $1,150 over Covid-19 lockdowns in Shanghai and supply chain issues

The index has been constructed to make reference to the EU Paris Aligned Benchmark (PAB) Standard as it applies to Asia stock markets

The company - backed by Peter Thiel's Valar Ventures, DST Global and Unbound - has been granted a licence by the Securities and Futures Commission