One bright spot was new energy vehicles (NEV), which include battery-powered electric cars, hybrids and hydrogen fuel-cell vehicles. Over half a million were sold in December.

Local governments in China have been under heavy economic stress, after Beijing’s move to rein in real estate debt. Some suspect LGFVs could collapse given their huge debts ($8 trillion in 2020)

City orders a half-day off for staff at companies and other institutions on Wednesday, tells them to keep activities 'relatively static'

Chamber says the US needs to have a cohesive strategy about confronting China on regulatory practices and rights abuses, but also incorporating elements to encourage trade

The probes come amid an embarrassment for the government over senior officials attending a birthday party in violation of its own rules

The offshore oil and gas producer is targeting a record output at 600-610 million barrels of oil equivalent (boe) this year

China has faced increasingly frequent Covid-19 cases in recent months and its strict zero-Covid policy poses challenges to growth

Four of the firms are linked to Shimao, which is discussing payment arrangements with creditors, while Kaisa Group Holdings and Greenland Group are also on list

Outstanding overseas institutional holdings of interbank bonds rose to a total of 4 trillion yuan ($628 billion) at the end of last year

Industry experts believe the penalty sends a message to the credit reporting industry that authorities will ensure security for personal financial information

Ronnie Chan, chairman of Hang Lung Group, said it is important to have capital from outside the city and constantly keep it flowing in

The Baltic nation has found itself the target of trade curbs after it allowed the island to open a de-facto embassy in its capital Vilnius under its own name