The move on Thursday could hit companies such as Apple, Dell and Samsung hard. Indeed, it appears aimed at forcing them to manufacture their products locally.

Sandwiched between Russia and China, Mongolia has cultivated allies – like the US – in a bid reinforce its independence, but its economy relies heavily on its giant neighbours

Some of the biggest rare-earth companies outside of China are facing challenges in refining elements for the green energy transition

VW and automaker FAW Group could "buy" a platform of EV technologies from Leapmotor, according to the state-backed news-site. Meanwhile, BYD is facing a tax probe in India.

The world's largest crypto exchange withdrew from mainland China in 2017 during a regulatory crackdown, but the country is allegedly still the biggest source of its trading, a new report says

More than 1,400 funds were deregistered early in the year, due to rules on private funds' operational irregularities, such as incorrect or incomplete information disclosure

A spokesperson for China’s Defence ministry said the US must stop all forms of “military collusion” with Taiwan, saying Taiwan is a core Chinese interest that must not be crossed.

China's Caixin/S&P Global manufacturing purchasing managers' index data fell to negative territory, while Japan, South Korea, Taiwan and Vietnam also saw factory activity contract

The deals follow the introduction of the US's Inflation Reduction Act, designed to wean the US off the Chinese supply chain for electric vehicles

Italy signed up to the BRI four years ago under a previous government, becoming the only major Western country to have taken such a step

Analysts say the price tag on VinFast's planned merger is not realistic given that the EV-maker continues to burn cash and is in very early stages of its US business

China has repeatedly denied sending military equipment to Russia since Moscow's all-out invasion of Ukraine in February 2022