Commercial hub Shanghai hoped to exit a painful six-week-old lockdown later this month as authorities hoped one last round of tightening would eradicate the last infections in one of the worst Covid outbreaks in China

Foreign investment by Costco, plus South Korea’s Posco Chemical, Germany's Volkswagen and Japan's Hitachi for projects in China was well on track, the commerce ministry said

Export volume from Shanghai is almost back to normal as carmakers prioritize them over domestic shipments.

Fourteen of China’s top 15 carmakers reported sales losses last month while EV firm BYD’s April sales surged 138.4%

The central bank has made three interventions in two days, spending HK$8.533 billion (US$1.08 billion) in total to defend the local currency, which is weakening because of capital outflows

The group of Chinese power companies said Pakistani authorities were pressuring them to maximise generation to meet peak summer needs

Zhongliang is struggling to repay notes worth $729m. Even if it wins approval to extend bond coupons by a year, it would need to pay an extra $1.25 million due to the weak yuan

The action was not only a crime against the company but also ``a crime against American workers,'' the FBI said in a statement.

China's imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation, says the Peterson Institute for International Economics. 

Officials in Beijing denied rumours of sweeping Shanghai-type curbs, asking people not to panic-buy but to stay at home, while also announcing a fresh round of mass testing.

Logjams have hurt Boeing's cash flow while debt has soared, raising fears among investors of a potential credit rating downgrade for America's largest exporter

Widespread lockdowns to rein in Covid-19 brought economic activity to a standstill in China and also sparked runaway inflation across the world