China's foreign minister Qin Gang said the country will continue to provide a better business environment for global companies, including US firms

The port reconstruction deal, part of a $170-million project to upgrade roads and wharves in the strategically-located Pacific islands nation, comes as the US voices fears about China planning a naval base in the region

The planned exit contrasts with recent expansions in China by its US rivals BlackRock and Fidelity

The inspections by US audit watchdog PCAOB are part of a deal with Beijing to prevent delistings of Chinese firms from the New York Stock Exchange

Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports

"No other bankers in the US provide the level of services SVB used to offer," said an executive at a major Chinese investment bank, which has deposits at Silicon Valley Bank

Several Hong Kong-listed companies, mostly Chinese pharmaceutical firms, disclosed their exposure to Silicon Valley Bank over the weekend

At least one WeChat group with several hundred members has been formed by anxious Chinese clients of SVB seeking to safeguard their interest

Yi Gang's re-appointment "shows China wants to at least have a dialogue with the United States on monetary policy and financial cooperation," experts say

The legislation led to laws that give India's Karnataka state “one of the most flexible working regimes in India,” according to a report by the Financial Times

Nearly 3,000 National People's Congress members voted unanimously in the Great Hall of the People for the 69-year-old in an election in which there was no other candidate

The Ukraine war has prompted some elements in China's military-industrial complex to call for an increase in the defence budget