The US banking giant's pledge comes even as most foreign businesses have remained reluctant to commit to growing their China business amid increasing Sino-US tensions

Before travelling to China, US CEOs have particularly been seeking advice about how Beijing's expansion of its counter-espionage law could affect them

China hawks in Washington blame US investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military

Musk is expected to meet several senior Chinese officials and visit Tesla's Shanghai plant later in the week

The Nasdaq Golden Dragon China Index of New York-listed mainland companies, consisting mainly of internet giants such as Alibaba Group, Baidu.com and JD.com, lost 5.6% this month

China will also launch three astronauts to its now fully operational space station on Tuesday, one of whom will be its first ever civilian to go to space

Supply chain negotiations are one of four "pillars" of the IPEF, which is Biden administration's main economic initiative in Asia and aims to provide the region an alternative to closer ties with China

Commerce Secretary Gina Raimondo said the US "firmly opposes" the ban and that it is working closely with allies to address such "coercion"

South Korea is in the crosshairs of a tit-for-tat row between China and the United States over semiconductors

“We can theoretically build chips outside of Taiwan, it’s possible [but] the China market cannot be replaced. That’s impossible,” Huang told FT

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

"It takes huge amounts of pre-emptive investment to be a chipmaker, and it takes five years, 10 years to break even on those investments, so putting predictability into jeopardy makes investments difficult," an analyst said