The Evergrande Group filed for bankruptcy in order to safeguard its assets within the US. Many developers have been facing similar issues in China's expansive property industry.

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged.

Washington has denounced China's education policies in Tibet and imposed visa restrictions on Chinese officials pursuing "forced assimilation" of children in the region.

During this week's BRICS summit, China is leading calls for expansion of the grouping's membership and influence. However, a major rift remains between Beijing and New Delhi.

The lack of a data release for July comes as China's youth jobless rate surged to a record high in June. By covering up the "bad news," Beijing's intent could be to pacify a disillusioned generation.

Shares in Chinese real-estate company Evergrande have plunged after it resumed trading following a 17-month suspension. The big drop highlights China's current problems in the property sector.

The Facebook parent company said it purged thousands of accounts from a so-called "Spamouflage" campaign linked to Chinese law enforcement. The operation reportedly also targeted other platforms like YouTube and Reddit.

The typhoon is headed toward the southeastern coastline and expected to hit Hong Kong, among other areas in the nearby Guangzhou province. Saola had already passed south of Taiwan, after lashing the Philippines.

Several Chinese companies have now made AI chatbots publicly available, with Baidu first off the blocks with its ERNIE. But the bots will be subject to extreme censorship on certain topics.

Officials said Soaloa could be the strongest typhoon to make landfall in the region encompassing Hong Kong and other major cities since the founding of the current Chinese state.

The International Motor Show, IAA, is set to begin in Munich next week. Rebranded as a mobility show, the IAA will see a strong effort by Chinese automakers to make a splash in Europe's nascent electric vehicle market.

China's artificial intelligence (AI) market is currently worth €20 billion, but that figure could more than double within two years. Beijing aspires to overtake the US to become the world leader in the sector by 2030. AI technology enables machines to imitate human intelligence to generate texts, images and videos or even create original art and designs. In China, AI is already profoundly transforming both personal and workplace life.