Beijing said the ban was an abuse of national power, adding that it was imposed without any real evidence

The Southeast Asian nation already does chip packaging and testing for US giant Intel, but wants to build its first fab for basic chips in coming years

The squeeze on business profits was underscored by factory gate prices contracting sharply this month, a sub-index in the PMI survey showed

The electric vehicle giant continues to preserve its domestic market leadership despite softer demand and increased competition

New order will require developers of AI systems that pose risks to security, the economy, health or safety to share test results, while officials set standards for key chemical, biological, radiological, nuclear, and cyber risks

The Biden administration sees direct leader-level engagement with Xi as particularly important in managing US-China tensions

Manila has scrapped a deal with China to fund and build three rail projects on Luzon and Mindanao islands, which were considered defunct even before Marcos Jr took office in mid-2022

A Hong Kong judge said a decision on whether to wind up the debt-laden developer would be made on December 4, so the firm needs a revised restructuring plan before that date

Up until now Japan, the US and countries in Southeast Asia have taken a more hands-off approach than the EU and Canada to AI innovation

Oil prices are set to come under more strain while there could be a surge in Treasuries buying, easing pressure on stocks and other assets

Even the Bank of Japan, which has stuck to its ultra-loose policy despite price pressures this year, is now expected to abandon negative interest rates

Wang, who is in the US until Saturday, is also set to meet Biden's national security adviser, Jake Sullivan, at the White House