The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to the world's second-largest economy

Prospects for this year are unclear; even steady growth of 3-4% a year must seem small for a country that averaged around 7% last decade, and more than 10% in the 2000s

The latest official data shows the economy grew just 0.8% from the previous quarter, on a seasonally adjusted basis; youth unemployment has hit a record 21.3%

US climate envoy will talk with his Chinese counterpart about issues like reducing methane emissions, limiting coal use, curbing deforestation and helping poor nations address climate change

The US and China have an obligation to the world "to cooperate on areas of mutual concern", US Treasurer says, such as faster debt deals and climate finance for poor countries

Some say China has been "scarred" by years of strict Covid measures and regulatory curbs on property and tech firms, but there is also less demand for its exports amid the global slowdown

The meeting, set for next Friday, will focus on the current conditions of US dollar-denominated investment firms in China and the main challenges they face, sources say

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.86% on Friday for its biggest weekly gain in eight months

The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.

China's embassy in London said the accusation was "disinformation" and called the US government "the world's biggest hacking empire and global cyber thief"

Industry observers say the sanction-hit Chinese tech giant will be able to source the advanced chips needed domestically by the end of the year

Freiberger Compound Materials CEO Michael Harz doesn't believe China will disrupt gallium trade flows for long, as such a move would quickly damage its own electronics industry