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The Shanghai Stock Exchange has signed an agreement with the operator of the Saudi Arabian bourse to foster closer ties, in a sign that a recent flurry of cooperation between China and the Gulf nation has extended into the financial area, reports the South China Morning Post. The two sides inked a memorandum of understanding […]

China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the US and other rivals, reports Reuters. It is likely to be the biggest of three funds […]

Volkswagen has offered temporary discounts in China, the world’s top auto market, where a cut-throat pricing war is raging, board member Ralf Brandstaetter said, adding this was due to savings efforts that could be passed on to customers, reports Reuters. Brandstaetter, who is in charge of Volkswagen’s China business, said Europe’s largest carmaker had launched […]

China’s government said it would create a new body to support the private sector, a move to shore up wavering confidence among entrepreneurs as a deep funk sets over the world’s second-largest economy, reports The Wall Street Journal. China’s National Development and Reform Commission, the country’s top economic planner, said Monday that it would set […]

China’s harmful emissions from coal power increased more than any other G20 country on a per capita basis between 2015 and 2022, according to a report published today by Ember, a climate think tank, reports the South China Morning Post. While most of the planet’s 20 largest economies managed to reduce the amount of carbon […]