The US has added dozens of firms to its trade blacklist in a bid to curb China's military, human rights abuses, and block suppliers of the Russian military

US regulators say American auditors have got the green light to inspect the books of US-listed firms in China for the first time, after trial inspections in Hong Kong several months ago

The decision signals a degree of renewed cooperation between the world's two largest economies which are locked in a heated trade and technology war

YMTC is likely to be added to the US Commerce Department's 'Entity List', which bars American firms from selling technology to companies unless they get an export licence, sources have said

The development means that Chinese tech giant Alibaba will not be able to buy Arm’s latest Neoverse V series, as its advanced capacity is blocked by US and UK export controls

"American chip manufacturers have no problem with China as a customer," ASML CEO Peter Wennink said

"There is no more time to waste on meaningless negotiations with a CCP-puppet company," Republican Senator Marco Rubio said

Commerce ministry filed a complaint to the World Trade Organisation on Monday, but US the dismissed the move, saying its actions relate to national security

Ban on goods suspected to have been made by forced labour in Xinjiang has led to over 1,000 shipments of solar panels being held at US ports. Analysts say installations will fall by close to 25% this year

A report by Chinese state media said the US should “stop hostile containment approaches against China” if it really wants to boost cooperation

The move followed pushback from trade groups like the US Chamber of Commerce which argued the measures would not further US national security

China's currency rose to its strongest level in two months – to below 7 per dollar – on Monday, on expectations the US Fed will cut its interest rate hikes, while Beijing eases its zero-Covid policy