China scraps its GDP growth target for 2020. Regulator condemns a U.S.-focused fund manager for cheating investors. Banks pursue Luckin founder's family assets. New restrictions by the U.S. will not hit Huawei as hard as expected, lawyers say. Plus, a video firm may face the same fate as its rival.

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The global total of Covid-19 infections surpasses 5 million, and the death toll tops 328,000. U.S. could remove Chinese companies from its stock exchanges. China is still an attractive choice for multinationals and they aren't leaving. Nearly half of Xiaomi's revenue comes from outside the country. Plus, Walmart plans to increase its Sam’s Clubs in China.

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China's Starbucks challenger is facing delisting. Its founder says sorry but it may be a bit late. Hong Kong’s stock exchange is seeking to be in line with its rivals. One more step for Fidelity in China. Banking regulator begins an investigation into ‘paper crude’. Plus, who really benefits from consumption vouchers?

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Chinese president pledges $2 billion in aid to virus-hit countries. The country imposes tariffs on Australian barley. A movie mogul has a plan to save his cash-strapped studio. TikTok hires Disney's executive as its new CEO. Plus, Jack Ma leaves Softbank board as it posts a record loss.

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China faces challenges as it is reopening after a pandemic lockdown. Banks continue to shut down local branches and ATMs. Housing market shows signs of recovery, although analysts expect it could be short lived. Plus, Beijing hits back at Washington’s new restrictions on Huawei.

China's economy starts to pick up, although its unemployment ticks higher. A U.S. pension fund halts Chinese stocks investments after White House pressure. China steps up financial support for its own Silicon Valley. Fitch gets nod to enter the country's credit rating market. Plus, debt-ridden Leshi is finally to be delisted.