$23-billion incentives programme that aimed to lure manufacturers away from China was hindered by red tape and slow meagre payouts, officials said, but two sectors enjoyed huge growth

Shares in Asian defence suppliers have soared amid expectation Europe will buy more military equipment, while Trump is also looking ramp up US shipbuilding to narrow the vast output and capacity gap with China

Some private banks will be able to have up to 49% foreign ownership – up from 30% – if they take over struggling financial institutions, Hanoi has said

Trump's plan to charge Chinese vessels a big fee at US ports is looking uncertain as exporters struggle to find US-built or flagged ships to send goods abroad. It is also impacting farm and other exports

The Xi Jinping administration fears a plant in the country would give Mexico unrestricted access to BYD’s advanced technology and EV know-how, insiders claim

US tariffs are set to be announced next month, but Treasury secretary says some of the 'dirty 15' trading nations are already curbing unfair practices and seeking to avoid reciprocal levies

Members of the European Parliament 'may have been offered trips to China and cash to support the company' while it faced pushback in Europe, local media reports allege

The Chinese electric vehicle giant has described its new fast charging platform as similar to filling up a fuel tank at the pump

China sends delegation to Panama to try to review and possibly reverse its exit from Belt and Road Scheme, while scrutinizing the US deal to buy CK Hutchison's ports

Survey finds one of the biggest-ever drops in exposure to US equities, amid concerns on stagflation, trade wars and the end of US exceptionalism

Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems

Tesla is aiming for a full rollout of FSD in China this year, and is working with tech giant Baidu to improve the performance of the system