China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect Donald Trump, who takes office next week.

China's economy grew 5% in 2024, meeting its growth target of around 5%.

The fall came despite a slight rise in births last year, the first increase since 2016. State efforts to cajole women to have children have met resistance.

(Reuters) - China's battery maker CALB Group said on Friday giant Contemporary Amperex Technology had sued the HK-listed peer for infringing a patent on battery modules.

The world's second largest economy faces demographic headwinds, as its dwindling population continues to age, leaving a declining workforce.

Citadel Securities, one of the world's largest market makers, on Friday filed an application for a securities licence in China, about a year after its global CEO expressed interest in entering the market.

Unless TikTok’s China-based parent company, ByteDance, sells the app into new ownership, TikTok will be removed from Apple and Google app stores on Sunday, Jan. 19, reports CNN. The app will still be accessible on phones that have it previously downloaded, but it will not be able to update.

As TikTok’s days appear to dwindle in the United States, a chunk of the platform’s audience is flocking to the Chinese social media app, Xiaohongshu, known in English as RedNote. The migration has pushed the platform to the top of U.S. app download charts.

The ruling opens the door for the incoming Trump administration to levy more Section 301 penalties against the country.