Talks between Riyadh and Beijing have accelerated as Saudi unhappiness grows with Washington over its defence commitments and Yemen

'China is not a party directly involved in the crisis and it doesn't want to be affected by sanctions even more,' its foreign minister said

China stocks slumped to 21-month lows, while mainland firms listed in Hong Kong sank to levels not seen since 2008.

Officials of US and other countries have sought to make clear to China that siding with Russia may carry consequences for trade flows, development of new tech and expose it to secondary sanctions

The statement follows the US Securities Exchange Commission (SEC) identification of five Chinese stocks that will be delisted if they do not provide access to audit documents

The reduction is part of an effort to alleviate the burden on suppliers forced to adapt to repeated output plan changes due to acute shortages of semiconductors and other supplies

Yellen said Russia was experiencing a "severe" economic contraction because of the sanctions but declined to offer a specific forecast for output

Once asked to sell its massively popular US-based app TikTok, China's ByteDance looks to alleviate US concerns over user data with new local storage deal.

Less than one-half of members surveyed by the American Chamber of Commerce in China said they were optimistic that China was committed to opening its market to more foreign investment

Raimondo said the US could “essentially shut” companies such as Semiconductor Manufacturing International Corporation or any Chinese company

Three-quarters of US companies in China told an AmCham survey that multiple issues from fickle policy changes to slow progress on market access forced them to put investments on hold

A former ZTE research director and a professor at Georgia Tech are charged with conspiring to illegally bring Chinese nationals to the US