Companies winning US chips subsidies would be barred from joint ventures or expansion in ‘foreign countries of concern’ like China for 10 years

Anger simmers over threats of more sanctions, with Foreign Minister Qin Gang warning that suppressing China will end in "conflict or confrontation" if the US does not change tack

Asked about new US bill to ban some foreign tech such as TikTok, China's spokeswoman said the US was trying to deprive it of developmental rights and perpetuate its own hegemony

Billionaire investment boss says his money is stuck in a bank in Shanghai. He advised investors to be "very, very careful" about investing in an economy under a tight government grip

A US Treasury report said a programme to block US investment going to advanced tech sectors in countries deemed to be a potential security threat would cost $10 million, if set up this year

New US rules are expected to cover private-equity and venture-capital investments in advanced semiconductors, supercomputing and some forms of artificial intelligence

Expanding tech curbs on the Chinese tech giant could have a major economic impact on Nvidia, a draft US government notice has said

The move signifies Beijing's changing priorities as it looks to strengthen is capabilities while Washington cuts off access to cutting edge technology

The latest additions includes units of genomics giant BGI, which was linked to repression of ethnic minorities, plus firms linked to ballistic missiles, or surveillance equipment used by Burma’s military

Washington wants to coordinate support for possible restrictions with close allies but it was not clear what sanctions it would propose if China is found to provide military aid to Russia, sources said

Washington has also banned beneficiaries of the $39bn CHIPS and Science Act from using the cash for share buybacks

A US official also told a Congressional hearing that some tech shipments to China’s blacklisted telecom equipment maker Huawei were “under assessment”