Production hubs in China have seen output hit by Covid-related lockdowns in Shanghai. There is also deep concern about the impact of growing tensions between the US and China.

Industry ministry orders officials and firms to eliminate illegal activities in the sector, after the IEA called for a more diverse supply chain to reduce China's PV manufacturing dominance

Pinduoduo has briefed merchants on its plans but details have not yet been finalized, a source said.

Vice Commerce Minister Sheng Qiuping says SMES face greater pressure to survive amid Covid restrictions on mobility and risks of declining external demand.

News that Hino will suspend shipments of small trucks, because they missed the required number of engine tests, will also affect about 19,000 of Toyota's Dyna and Toyoace trucks

"We can expect more geopolitical contestation in the Asia-Pacific," he said, adding that Singapore would try its best to avoid being caught up in the "major power rivalry".

The Philippine ambassador in Washington said his country is talking to the US about buying heavy-lift Chinooks, after Duterte scrapped a $227m Russian deal to avoid Ukraine sanctions

Russia claims to be the only country that can do a complete transfer of technology in hi-tech defence equipment, the report said

A Shanghai court gave Xiao Jianhua 13 years in jail, while his Tomorrow Holdings group was hit with a record 55-billion-yuan fine ($8.1 billion) for illegally siphoning public money, bribery

China imported 7.15 million tonnes of Russian oil last month via the East Siberia Pacific Ocean pipeline and shipped from Russian ports, but domestic demand was weaker

The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.

The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.