GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China's Guangzhou Automobile Group said on Tuesday it has been declared bankrupt, Reuters reported. The joint venture posted images of a ruling issued by a court in China's Hunan province declaring the bankruptcy, alongside its announcement, in a social media post. Read more.

Chinese businesses and investors are primed for the yuan to stay steady for now and eventually depreciate as U.S. trade tensions drag on, and a string of measures and hints from monetary authorities suggest they may be on the money, Reuters reported. A growing pile of foreign exchange deposits at banks and a rise in currency swaps show Chinese corporates and households are wagering they can exchange their dollars for more yuan if they wait. That conviction, in the face of the U.S.

The Trump administration said on Tuesday that it would seek to limit Chinese and foreign purchases of American farmland, citing a threat to national security, the New York Times reported. In a seven-point national security plan, the Agriculture Department said it would enhance public disclosures of foreign ownership of farmland, enact steeper penalties for false filings and work with Congress and states to ban purchases from foreign adversaries.

Chinese government advisers are stepping up calls to make the household sector's contribution to broader economic growth a top priority at Beijing's upcoming five-year policy plan, as trade tensions and deflation threaten the outlook, Reuters reported. Leaders are gathering proposals for their 15th five-year plan, a voluminous document that lays out priorities up to 2030. The plan is expected to be endorsed at a December Communist Party conference and approved by parliament in March.

Hundreds of millions of dollars of FTX customer claims are at risk of being held up or potentially not being paid because the account holders live in China, Afghanistan or 47 other areas that restrict cryptocurrency activity, WSJ Pro Bankruptcy reported. A creditor trust set up by the defunct crypto exchange said last week that it shouldn’t make distributions to customers in those “potentially restricted” markets until it determines that it can do so without breaking foreign laws.

China has long been Taiwan’s most important trading partner, the main buyer of its exports and the place where many of its companies make their products, the Wall Street Journal reported. China is also Taiwan’s greatest threat and claims that the island democracy is part of its territory. Now, Taiwan’s ruling political party says it wants to do more to dismantle the commercial ties that for decades have propelled Taiwan’s economic growth. President Lai Ching-te is calling for companies that make semiconductors — Taiwan’s main industry — to stop buying from and selling to China.