TSMC said the US had advised it to apply for a "validated end-user" authorisation, which would serve as a permanent authorisation for its China operations

The Biden administration is keen to close a loophole in restrictions it imposed a year ago to stop or reduce China's access to artificial intelligence chips, sources say

Beijing's move to rename the Himalayan region this week has been condemned as a bid to legitimize its takeover of Tibet and counter claims to the area by the Dalai Lama and his followers

Analysts have credited the development programme with directing much needed funding to poor countries but say that it has come at a cost

China's muted diplomatic stance - calling for de-escalation but stopping short of condemning Hamas - has also added to investors' nervousness

The move will likely be announced at a summit with the US, which had asked Brussels to move against Chinese steel producers

As trading started in Asia on Monday, investors were seen flocking to safe haven assets like gold, the dollar and US Treasuries, while equities and currencies across the region fell

Xi told the US delegation: "How China and the United States get along with each other in the face of a world of change and turmoil will determine the future and destiny of mankind."

In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China

The EU is considering a probe into Chinese subsidies for wind turbines, after local firms said cheap Chinese imports were pushing them to near-collapse

Bondholders of China Evergrande express surprise at debt plan failure, fear it faces liquidation, while Country Garden may announce a restructuring of its offshore debt soon

The updated chip export rules are expected to add restrictions and close loopholes in those unveiled late last year, which angered Beijing and strained relations with Washington