The 4-0 vote to revoke the authority granted in 2002 is the latest move by the regulator to bar Chinese telecom carriers from the US over national security concerns.

The dispute with China started in July last year when Lithuania allowed Taiwan to open a diplomatic outpost in Vilnius

A row over the opening of a Taiwan representative office in Vilnius became an economic issue after Beijing banned Lithuanian imports, but China says it should not be allowed to 'hijack relations'

The US, which is unable to appeal against the decision, branded it "deeply disappointing" and said it reinforced a need to reform WTO rules

Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more

The group is also preparing for a major personnel reshuffle at affiliate Unisoc, China's second-biggest mobile chip developer

A new report by the research firm Rhodium says the National Critical Capabilities Defence Act has major implications for the economic ties between the US and China

Dealers said pre-lunar new year holiday corporate demand has helped push the yuan higher while the central banked stayed silent

US Embassy sends request to Washington for formal sign off, as China ramps up Covid-19 containment protocols ahead of the opening of the Beijing Winter Olympics

Completed mergers and acquisitions by Chinese companies in 2021 grew 24% but global M&A grew 71%, a Baker McKenzie-Rhodium study found

Sources said Shein founder Xu was eyeing Singapore citizenship partly to bypass China's new and tougher rules on overseas listings, as it could ease the path to an offshore IPO

US president Jo Biden says the Innovation and Competition Act is key to the country’s economic competitiveness and national security