Xi was quoted as saying he was "both happy and worried" – glad about its lead position in the global battery market but fearful given intense rivalry with the West and risks over its high profile

"Officials know that Li Qiang is Xi Jinping's guy. He clearly thinks Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him."

Anger simmers over threats of more sanctions, with Foreign Minister Qin Gang warning that suppressing China will end in "conflict or confrontation" if the US does not change tack

The yuan has been weakened by concerns that US interest rates might rise further and geopolitical tensions, which are keeping investment flows away from China

Asked about new US bill to ban some foreign tech such as TikTok, China's spokeswoman said the US was trying to deprive it of developmental rights and perpetuate its own hegemony

Even with huge sums of money, unless Chinese firms can develop their own chip innovations, they may be trapped at the low end of the value chain, industry players say

Billionaire investment boss says his money is stuck in a bank in Shanghai. He advised investors to be "very, very careful" about investing in an economy under a tight government grip

A US Treasury report said a programme to block US investment going to advanced tech sectors in countries deemed to be a potential security threat would cost $10 million, if set up this year

Premier Ki Keqiang and many reform-oriented policy officials are set to retire during the Congress, making way for loyalists to President Xi Jinping

The world's largest contract chipmaker is diversifying and has new plants planned in the US, Japan, and possibly in Germany.

New US rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence

Expanding tech curbs on the Chinese tech giant could have a major economic impact on Nvidia, a draft US government notice has said