The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order.

European countries, especially, had hoped to build their domestic EV manufacturing sectors by opening their doors to Chinese battery firms, rather than reinventing the technologies at home.

Official figures showed modest growth in the second quarter as exports shifted to other countries and Beijing invested in manufacturing and infrastructure.

China's commerce ministry called on Canada to correct the "wrong practice" of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms.

Chinese Premier Li Qiang has called for tighter pricing regulation in the electric car sector as Beijing sought to rein in the cut-throat industrial price wars.

Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.

Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.

The new restrictions will limit exports of technologies crucial for producing EV batteries and processing their raw materials.

China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace.

The surge in Chinese car exports is reshaping automobile markets around the world, flooding countries with affordable vehicles and triggering a price war that’s rippling through showrooms from Mexico to Malaysia.