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Chinese stocks tumbled amid global selloff

Chinese stocks see a selloff on Thursday after US stocks plunged overnight. The Shanghai Composite slumped 5.2 per cent to close at 2583, breaking through the four-year suppot level of 2638….

Huawei unveiled new AI chips

Chinese tech heavyweight Huawei Technologies Co Ltd unveiled a slate of artificial intelligence chips on Wednesday, in its biggest-ever push to expand presence in the semiconductor sector and to compete….

PBOC sold first yuan bills in Hong Kong

The People’s Bank of China (PBOC) sold its first yuan-denominated bills in Hong Kong on Wednesday, raising 20 billion yuan and giving it a new tool to manage the currency….