A dominant player in the global chip industry, the country hopes the incentives would help it cement the security of its supply-chain security while boosting the economy

Concern about Beijing's Covid data has aggravated ties with governments that said visitors from China must undergo Covid tests before arriving in their country.

Though the economy in 2022 grew at the fastest pace in decades, economists warned it is facing headwinds ahead, with weakening global demand having already impacted its shipments

US officials said on Tuesday they may impose new Covid regulations for people on flights from China because of concerns over the "lack of transparent (health) data" from Beijing

Stocks in Hong Kong, Shanghai and Tokyo all rose on Tuesday after Beijing dropped its quarantine requirement for inbound travellers; the US dollar also eased

Taiwan assessed China had staged the military "provocation" to express anger at a new US defence authorisation law

Analysts have warned the world's second-largest economy is "entering the most dangerous weeks of the pandemic"

Forecasters say $2.97 billion will be spent in the country, mostly driven by domestic consumers and tourism

Indonesia is targeting 20% of overall car sales in 2025 being electric vehicles, chief economics minister Airlangga Hartarto said

Stocks in China suffered their biggest fall in seven weeks, while Hong Kong, Tokyo, Sydney and most of Southeast Asia also declined. Indian markets, however, enjoyed a small rise.

Immigration queries from China have been on the rise this year as stringent zero-Covid curbs and a steep fall in property prices have chipped away riches from the wealthy

The Group of Seven industrialised nations have already secured similar agreements with South Africa and Indonesia