Experts say the zero-Covid policy is needed to help boost vaccination rates and develop new treatments as about 49 million people over 60 are still unvaccinated

The power transfer puts the spotlight on the growing expertise of the local workforce, though major decisions and key tasks are still undertaken at Apple's headquarters in California

China blue-chips fell as trade data highlighted impact of Beijing’s strict Covid restrictions and lockdowns on world’s No-2 economy

Ian Goodfellow, Apple’s director of machine learning, wrote to his staff that ‘more flexibility would have been the best policy’ for the team

The Chinese capital is seeking to avert the fate of Shanghai, where millions of residents have been locked down for over a month

The steep sales decline was caused by swingeing lockdowns that shuttered production sites and sales outlets.

Nio, which was this week added to a US list of potential delisting candidates, announced on Friday it is seeking a secondary listing

The trend comes as the Politburo said China would "fight any comments and actions that distort, doubt or deny" the country's Covid-19 response policy

Investor sentiment plunged over concerns that the Federal Reserve's interest rate rise the previous day would not be enough to tame surging inflation

Elon Musk has raised $7bn in new funding for his attempted $44bn buyout of the social media platform

Hong Hao was among the most outspoken China market analysts, and worked in a high-profile post with the securities unit of state-owned Bank of Communications

The once-booming electric vehicle market has been hit hard and Nomura Holdings says the country’s hardline Covid policy has put...