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.

Beijing has warned Labour that it will “resolutely safeguard” its electric car industry after it emerged that the Government will block Chinese electric cars from a new grant scheme. A spokesman for the Chinese embassy called on the UK to follow World Trade Organisation (WTO) rules and create a “non-discriminatory environment for investment”.

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.

Jensen Huang, the chipmaker’s chief executive, is trying to balance his company’s interests as the United States and China compete for supremacy in artificial intelligence.

The normalisation of ties was first confirmed by both the European Parliament and Beijing earlier this year. Wednesday's remarks also came ahead of a China-EU leaders' summit slated for later this month when the EU's Ursula von der Leyen and Antonio Costa are expected to meet Chinese President Xi Jinping and Premier Li Qiang in Beijing.

Analysts warn that weak demand at home and rising global trade risks will ramp up pressure on Beijing to roll out more stimulus.

Private firms, weaker growth and limited fiscal space will make it difficult for Beijing to rein in ‘neijuan’, analysts say.

President Donald Trump has dialed down his confrontational tone with China in an effort to secure a summit with counterpart Xi Jinping and a trade deal with the world’s second-largest economy, people familiar with internal deliberations said.