Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services

Officials in Tokyo fear retaliation from China over its move to restrict sales of advanced microchips, so coordination of moves is still being discussed with Washington

Treasury Secretary Janet Yellen and the State Bank of Vietnam Governor announced the agreements in a statement as Yellen wrapped up a visit to Hanoi, amid a push to boost bilateral ties

Over a dozen state agencies said regions would be urged to increase annual car purchase quotas and efforts made to support sales of second-hand vehicles

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

Temu said on Wednesday it has been the target of "unlawful exclusionary tactics" since its launch in the US, which forced it to take legal measures to defend its rights due to "attacks" from Shein

CITIC's Hong Kong platform is expected to demand its investment bankers move to the mainland with their pay lowered to local levels or face the prospect of losing their jobs, sources say

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

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

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

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.86% on Friday for its biggest weekly gain in eight months