Country's biggest private developer seems to have missed a payment deadline, which would put the group in default on $17 billion in offshore debt

Updated Biden Administration rules also blacklisted Chinese chip designers Biren and Moore Threads, set up by former Nvidia employees

With nearly $11 billion of offshore bonds and $6 billion of offshore loans, a default by Country Garden would set the stage for one of China's biggest corporate debt restructurings

Civil servants and bankers face tighter travel limits, while the government is monitoring people's relatives abroad, sources said, as Beijing has become paranoid of foreign influence and spying

US officials are fine-tuning export restrictions imposed on computer chips sold to China; new rules are likely to be announced this week, sources have said

The data released by China’s customs department marked a small improvement for the country, which saw an 18.5% decline in chip imports in the first half of the year

TSMC said the US had advised it to apply for a "validated end-user" authorisation, which would serve as a permanent authorisation for its China operations

The Biden administration is keen to close a loophole in restrictions it imposed a year ago to stop or reduce China's access to artificial intelligence chips, sources say

The world's largest contract chipmaker, TSMC, was given a one-year waiver for its factory in Nanjing, China, but is now looking for an indefinite extension

Beijing's move to rename the Himalayan region this week has been condemned as a bid to legitimize its takeover of Tibet and counter claims to the area by the Dalai Lama and his followers

Analysts have credited the development programme with directing much needed funding to poor countries but say that it has come at a cost

China's Commerce Ministry says the European Union's plan to review subsidies for steel produced in Chinese factories clashes with global trade norms and will disrupt supply chains