China's passenger vehicle sales also sank by 14% in a slow start for 2024, while in Japan Honda and Toyota both upgraded their earnings

Consumer prices fell by 0.8% in January, the highest in more than 14 years, underscoring the threat of persistent deflation in the world's second largest economy

Exports have helped drive subsidised Chinese automakers' growth but they are now seeing pushback from US and European governments

The figures are for the quarter that saw Beijing fining the group $984 million for violating consumer protection and corporate governance laws

Beijing has laid out wide-ranging guidelines for various departments and the central bank to help the new-energy-vehicle trade

Cabinet dumps Yi Huiman as chairman of the China Securities Regulatory Commission. He will be replaced by Wu Qing, a veteran securities regulator who had led the Shanghai Stock Exchange

The Shanghai government is looking to speed up approvals for foreign firms that want to relay local data to head offices in other countries

Officials rush to respond to flood of cheap Chinese imports generated by years of subsidies, but the EU appears split on whether to impose trade barriers

Chinese officials expressed disquiet about US tariffs, investment restrictions and sanctions that 'suppress' Chinese companies in talks with US Treasury officials in Beijing on Monday and Tuesday

The threat of overpriced shares, as well as possible political change and regulatory uncertainty, have failed to deter the reflow of cash

Work on TSMC's second plant in Kumamoto will begin late this year. Its factories will have a monthly capacity of over 100,000 12-inch wafers for auto, industrial, consumer and high performance-related uses

The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips