German group’s 5% stake will give it one seat as an ‘observer’ on Chinese carmaker’s board

Replacement of presidential favourite Qin Gang with a veteran diplomat seen as possible stop-gap move

IT minister’s assurances come as New Delhi seeks to attract investment in advanced tech sectors

Annual Han Kuang drills seek to simulate realistic scenarios to prepare for possible invasion by Beijing

Also in today’s newsletter, PacWest and Banc of California agree merger and US security officials scrutinise Abu Dhabi’s $3bn Fortress takeover