Xi was the only state leader personally received by President Cyril Ramaphosa at the airport; in contrast Indian prime minister Narendra Modi was met by Ramaphosa’s deputy

New Delhi will move slowly in considering the tax cut as any lowering of taxes on imported EVs could disrupt the market and upset local players, sources said

A new study by a US medical research centre suggests 1.9 million people died after China suddenly dropped its Covid-19 restrictions late last year. Beijing has never revealed the full death toll.

Japan’s Nikkei 225 slumped by over 2%, while Hong Kong’s Hang Seng and South Korea’s KOSPI were down 2% and 0.7%, amid fears of more hawkish signals from the Fed later today

Two-way trade between China and the US plunged 19.6% in the first half of this year, down $67.6 billion from the same period in 2022, amid increasing regionalization by both superpowers

The PBOC ordered local banks to restrict southbound purchases under the Bond Connect scheme, in a bid to limit the supply of yuan offshore, sources say

Chinese regulators and finance officials submitted a proposal to Cabinet this month to slash the 0.1% stamp duty on domestic stock trading to revive the country's struggling markets

The Indian mission was accomplished with a budget of about 6.15 billion rupees ($75 million), less than the cost to produce the 2013 Hollywood space thriller "Gravity”

Modest rate cuts and vague promises of support for debt-mired developers have failed to restore sentiment; fund managers say they need to see more state money flowing before they return

The landmark deal, signed when Beijing and Washington established diplomatic ties in 1979, needs to be renewed about every five years and is currently set to expire later this week

Asian markets surge, with Hang Seng climbing 2% and the Nikkei rising by 0.9%, while investors wait for Fed chief's speech at Jackson Hole on Friday

Beijing quietly launched a new initiative to lure elite foreign-educated IT and chip talents to accelerate its tech proficiency, sources and government documents reveal