China upgraded its intelligence collection facilities in Cuba in 2019, a US official said on Saturday, adding that reports of a 'new' spy facility actually pre-date the Biden Administration

The US banned imports from Ninestar, a large Chinese maker of printers, and Xinjang Zhongtai Chemical, saying their products involve use of Uyghur forced labour

Beijing's sharp reaction follows a Wall Street Journal report that Cuba and China agreed for Beijing to pay Havana "several billion dollars" to host a spying facility on the island

The Senate Foreign Relations panel approved the 'Ending China's Developing Nation Status Act' on Thursday, endorsing a similar measure passed unanimously by the lower house in March.

South Korean president Yoon Suk Yeol vowed to support the South Korean chip sector in the face of heightened tensions between China and the United States

The trip is intended by Washington to be a major step toward what President Joe Biden has called a "thaw" in relations between the world's two largest economies

The US banking giant's pledge comes even as most foreign businesses have remained reluctant to commit to growing their China business amid increasing Sino-US tensions

Before travelling to China, US CEOs have particularly been seeking advice about how Beijing's expansion of its counter-espionage law could affect them

Economic challenges and geopolitical tensions have made fundraising difficult, with investment in China by global players in particular slowing

Exports slumped 7.5% year-on-year in May, data from China's Customs Bureau showed on Wednesday, the biggest decline since January. Imports also fell by 4.5%.

The boss of the German drugs, lab equipment and semiconductor chemicals maker warned against an escalation of tensions with Beijing

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted