The Chinese president’s statements come amid increasing efforts on both sides to simmer down tensions and have rekindled hopes of Xi-Biden meeting later this year

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

The sweeping deal aims to link South Asia and the Middle East to help the flow of energy and trade from the Gulf to Europe

While India and the US are not formal treaty-bound allies, Washington wants New Delhi to be a strategic counterweight to China

The 100-million-people country has only 5,000 to 6,000 trained hardware engineers for the chip sector, against expected demand of 20,000 in five years

One fund chief said China could restrict exports of rare earths used in consumer electronics and EVs vehicles, and target US technology companies

From strict US laws governing weapons export to India's willingness to be "dictated to by the US State Department,” Biden and Modi's efforts to counter China through defence cooperation may face significant challenges

Beijing said Biden's comments “go totally against facts and seriously violate diplomatic protocol, and severely infringe on China’s political dignity”

The trip is intended by Washington to be a major step toward what President Joe Biden has called a "thaw" in relations between the world's two largest economies

Officials from the world's biggest economies will meet on Thursday to 'thaw' tense relations, complicated by China's recent ban on Micron and a tough stance against Beijing by G7 nations

"I hope we are going to get to the bottom of this, but I make no apologies for taking down that balloon," the US president said

Washington is confident that the maker of the Chinese spy balloon has a 'direct relationship' with the People's Liberation Army, a senior official said