The package is part of President Yoon Suk Yeol’s pledge to pour all possible resources into winning the "war" in chips

FDI into China has been on a downward trajectory since last year, plunging by double-digit amounts in every month since May 2023

"We can't cut ourselves off and we don't now want China to cut us off, so we have to do this in a systematic way,” a US lawmaker said

The debut gave Zeekr a fully diluted valuation of $6.8 billion, or about half the $13 billion it fetched after a funding round last year

US unemployment claims data stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data

China’s largest contract chipmaker said revenue jumped as both domestic and global customers rebuilt inventories

Car exports jumped by 38% year-on-year to 417,000 units in April, after a 39% rise in March; but domestic sales were down nearly 6% from 2023

US insurance provider Porch Group is suing China Construction Bank in a US court for allegedly enabling a "massive fraud" that caused it multi-million-dollar losses

Hundreds of the world's top scientists say they expect 2.5C of global warming this century, or more - and dire consequences for humanity

The US is likely to maintain tariffs on Chinese products and will reveal news next week on areas of strategic competition such as EVs and solar panels, sources say

A teardown of the Pura 70 smartphone suggests Huawei may have only made incremental improvements in its ability to produce an advanced chip with Chinese partners

The provincial capitals Hangzhou and Xian are the latest Chinese cities to drop limits on people buying homes, but analysts say prices need to fall further before buyers return