Entertainment venues and internet cafes in Beijing's largest district of Chaoyang were ordered to be shut on Thursday.

The renewed lockdown of one district in Shanghai has raised concerns that a full reopening of the financial center could be delayed.

The company in May posted its sharpest-ever drop in quarterly earnings for the first quarter.

“We are good friends with Elon Musk and we are preparing to supply batteries to Tesla,” BYD’s EVP said.

"The short-term drive is upward but the valuation is on the high side, and the risk of volatility will increase in June-July," Zhongzhou Futures analysts said.

Zimbabwe’s plan to refurbish two idled coal-fired power stations has been thrown into disarray by China’s decision.

However, there is no evidence that funds are yet prepared actively to buy into the China recovery story, writes Andy Home.

China, the world’s biggest producer of magnet rare earth oxides could stop exporting the group of minerals within the next decade due to increasing domestic demand and a shortage in global supply.