Mainland China's central bank on Wednesday fixed the yuan currency nearly 0.60 percent weaker against the U.S. dollar, according to the national foreign exchange market, the biggest downward move since devaluing the unit in August last year.
Chinese factory activity weakened further in April, a private survey indicated Tuesday, as muted demand and market weakness hit the struggling export-oriented sector.
PetroChina shares plunged on Friday, after the mainland Chinese energy giant posted its first quarterly loss since listing overseas 16 years ago, as it struggled with the weak domestic economy and lower international oil prices.
Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world's biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention.
The mainland China authorities' latest plan to perk up its slowing economy is based on the humble rice cooker and luxury toilet seats.
China's love affair with SUVs is helping to cushion the blow of an unexpectedly painful slump in the rest of its crowded auto market.
China's economy expanded at its slowest rate in seven years during the first quarter, the mainland authorities said Friday, but forecast-beating readings for March raised hopes a growth slowdown in the Asian giant may be bottoming out.
Chinese exports surged in March, the first gain in nine months and the latest positive data out of the world's No. 2 economy, but analysts warned Wednesday's headline figure masked ongoing weakness in overseas demand.
Chinese auto sales rose by nearly 10 percent in March, led by strong demand for SUVs that more than offset slipping passenger car sales, an industry group said Tuesday.
Hundreds of laid-off steelworkers gathered outside their former employer's office this week to protest at losing their jobs, victims of a global glut.