Foster Wong

China plans to prohibit non-state companies from mining rare earths, further tightening its control over a strategic sector that has emerged as a battleground in its trade war with the US.

Contemporary Amperex Technology Co. Ltd. has filed its application for a jumbo listing in Hong Kong that could be the city’s biggest stock offering in four years.

China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ($383 million) to help the struggling developer repay outstanding debt.

DeepSeek, the Chinese startup whose artificial-intelligence model roiled global markets last week, said it would restrict access to its application programming interface service because of shortages with its server capacity.

Chinese leader Xi Jinping hailed his country’s ties with Russia during a video call with Vladimir Putin a day after Donald Trump’s inauguration as US president, signaling a resolve to deepen their alliance.

President Xi Jinping called for China to implement more proactive macroeconomic policies this year to maintain growth momentum as the world’s No. 2 economy could be facing new US tariffs.

China’s central bank reiterated its pledge to lower interest rates and the reserve requirement ratio for banks “at an appropriate time” to promote growth, with the economy continuing to face challenges both domestically and globally.

Yu Jianhua, the head of China’s General Administration of Customs who was once one of Beijing’s top international trade negotiators, has died at the age of 63 due to sudden illness, according to a statement released by the government.

Chinese state media said the country has room to increase its borrowing and fiscal deficit in 2025 as investors closely watch to see whether Beijing would use its fiscal firepower to top off stimulus in its key economic meeting next week.

A Chinese court has imposed spending restrictions on beleaguered property developer China Evergrande Group and its founder Hui Ka Yan after the company failed to comply with payment obligations.