More than a year after one of China’s biggest trust companies collapsed, hopes for a recovery in the $3.7 trillion industry are quickly fading.

Nvidia has warned it will take a $5.5bn (£4.1bn) hit as Donald Trump’s trade war raises barriers to its operations in China.

FILE PHOTO: U.S. Federal Reserve Chair Jerome Powell speaks at a press conference, following a two-day meeting of the Federal ...

China has posted unexpectedly strong economic growth in the first three months of 2025, before the full force of US President Donald Trump’s tariffs took effect.