São Paulo-based company does not rule out acquisitions in China but senior executive prefers building the company's own factory there

Increase in producer price index was slower than a 13.5% gain in October but faster than the 12.4% rise expected in a Reuters poll

Changes planned as e-commerce group faces headwinds from increased competition, a slowing economy and a regulatory crackdown

Stand News says hampers were worth HK$3,338 although officials cannot receive any gift which costs more than HK$3,000

It is based on an X-plane proposed by Ming Han Tang, then chief engineer of Nasa’s hypersonic programme in the late 1990s

Firings are running as high as 40% for the least profitable divisions, several company employees said

Planning officials are worried about data centres, which consume large amounts of energy to cool computers, as they can ramp up power usage and negate China's ability to curb emissions

The American EV giant offloaded more than 52,000 of its Shanghai-produced Model 3 and Model Y marques in November, which was slightly down from October

Beijing targets new companies in sensitive sectors that use variable interest entities to attract international capital and list overseas

The two firms are testing 20 robotaxi vehicles in Shanghai's Jiading district to further gauge their viability for commercial use

Weibo, which raised $385 million, opened at HK$256.20 after pricing its shares at HK$272.80, and slipped to HK$254 in afternoon trading

The share sale, a combination of new and existing shares, is likely to value the maker of medicinal skin care treatments at 19 billion yuan, or $3 billion