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.

Zhejiang Hozon New Energy Automobile, the owner of Chinese electric vehicle brand Neta, officially entered bankruptcy proceedings on Thursday, China's state broadcaster CCTV reported on Friday, Reuters reported. Multiple Neta stores in Shanghai have been closed, the report said. According to China's national corporate bankruptcy disclosure platform, a creditor last month filed a bankruptcy petition against the firm. Read more.

The governor of China’s central bank outlined a plan on Wednesday for a global financial system that relies on several major currencies, not just the dollar, as Beijing steps up its campaign to weaken the U.S. dollar’s primacy, the New York Times reported. Pan Gongsheng, the governor of the People’s Bank of China, did not mention the dollar by name but gave an extended critique of the potential dangers of international reliance on a single country’s currency. In a coded reference to the U.S., Mr.