The Latest Breaking News from Iris Pang

Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.

The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping’s tendency to intervene

London (AFP) - Global stock markets mostly rose Monday, extending last week's strong gains, while oil prices steadied after China reaffirmed its commitment to an economically painful zero-Covid policy.

London (AFP) - Stock markets mostly rose Monday, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy.

Hong Kong (AFP) - Asian stocks made gains on Monday, with a fresh rally seen in Hong Kong even after China reaffirmed its commitment to its economically painful zero-Covid policy.

China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world's second-largest economy grew by 3.9% over…

China’s yuan has fallen to a 14-year low against the dollar despite central bank efforts to stem the slide

Beijing (AFP) - China's exports rebounded strongly in May, data showed Thursday, with factories restarting and supply chains untangling as Shanghai slowly emerged from a gruelling Covid lockdown.

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.