China's new yuan loans likely dropped sharply in April from March due mainly to seasonal factors, a Reuters poll showed, even as the central bank keeps policy support for the economy.

China’s exports rose slightly more than expected in April in a boost for the economy, and imports surged. Exports increased 1.5% in dollar terms from a year earlier, reversing a drop in March, while imports climbed 8.

The value of China’s exports climbed 1.5 per cent in April from a year earlier, reversing an annual decline of 7.5 per cent in March, when lower prices battered Chinese producers. Analysts polled by Reuters had forecast a gain in export value of 1.

China’s military criticized a U.S. destroyer’s passage through the Taiwan Strait, which occurred less than two weeks before the island’s new president takes office and while Washington and Beijing are making uneven efforts to restore regular military exchanges.

The destroyer passed through the waterway between mainland China and Taiwan on Wednesday, less than two weeks before Taiwan's new president takes office.

Tesla sold 62,167 cars in China in April, down 18% from a year ago, according to data released Tuesday by the China Passenger Car Association. Local rival BYD, a former battery supplier that has its own mighty hold on the EV supply chain,

Tesla Inc.’s job cuts are escalating in China, according to people familiar with the matter, as Elon Musk contends with growing pressure to win back share in the world’s biggest auto market.

Tesla has proposed to launch robotaxis in China, newspaper China Daily reported on Wednesday, citing unnamed sources. According to the report, China may support Tesla's domestic testing and demonstration of robotaxis but has not approved the full implementation of Full Self-Driving (FSD) software in China.