Fears are growing of wider fallout, despite earlier assurances the worst was over

Statistics from Zhejiang province offer rare look at impact of Beijing’s pandemic policies

Also in this newsletter: Moscow withdraws from the Ukraine grain deal, again

Results come two years after group’s default shocked global markets and led to sector collapse

Jakob Stausholm defends miner’s Chinese exposure despite rising geopolitical tension

Analysts warn Beijing and Moscow are starting to use their close partnership to project power against other countries

A new architecture of engagement, based on a Sino-American secretariat, is urgently needed

Luxury department store targets growth from ultra rich in China

Signs of balance-sheet recession are most evident in ailing sectors such as property

Also in this newsletter: Microsoft to face EU probe, transatlantic inflation gap widens and Russia pulls out of grain deal