The world's largest contract chipmaker, which saw Q2 revenue down 13.7% on last year, says the global economic recovery has been weaker than expected

Ambassador Xie Feng told the Aspen Security Forum that China did not want a trade or tech war but would definitely respond if the United States imposes more restrictions on its chip sector

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy

Prospects for this year are unclear; even steady growth of 3-4% a year must seem small for a country that averaged around 7% last decade, and more than 10% in the 2000s

Some say China has been "scarred" by years of strict Covid measures and regulatory curbs on property and tech firms, but there is also less demand for its exports amid the global slowdown

Bosses of Intel, Qualcomm and Nvidia plan to lobby top officials against extending curbs on the sale of advanced computer chips to China – or advocating for any moves to be eased or delayed

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

Tesla has begun talks with the Modi government on plans to build an EV plant in the country that would sell cars locally at an affordable rate and export them across the Indo-Pacific, a source says

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.

Patents for small computer chips, developed by a struggling US company, were sold to China two years ago, in a move some say highlights a need to reform the government watchdog CFIUS

Industry observers say the sanction-hit Chinese tech giant will be able to source the advanced chips needed domestically by the end of the year