Washington is ahead of Beijing in the race but can be expected to be overtaken, former Google boss Eric Schmidt said

Chinese officials met with local and foreign banks to discuss how to protect overseas assets from sanctions such as those imposed on Russia for invading Ukraine, the FT said

The funding puts the industry in the tricky position of pushing for grants but facing headwinds to investment in Chinese factories and financial backing of Chinese startups

JPMorgan has cut its yuan forecasts twice in a week, and analysts at Standard Chartered, HSBC and others have also turned bearish on the Chinese currency

E-commerce giants Alibaba, JD.com, and Meituan all closed up more than 15% while the Hang Seng Tech index climbed more than 10%. 

The yuan has fallen 4.6% this month to 6.63 yuan per dollar in the biggest percentage fall since the currency was released from its peg to the greenback in 2005

Washington and Beijing need to upgrade human-to-human co-operation to avoid AI errors in a high-pressure, low-information military environment

Luca Maestri, the tech company's financial chief, told analysts that supply-chain issues would hurt sales in the quarter by $4 billion to $8 billion

Huawei held just 6.2% of the China handset market in the first quarter, research firm Counterpoint Research said on Thursday.

His comments followed a statement by White House press secretary Jen Psaki on Monday that the US is studying the inflationary impact of tariffs

TechInsights, which analyses components inside consumer electronics, sent a report to the US Commerce Department alleging the violations

In China, the world's largest smartphone market, total phone shipments this year are expected to be 300 million units, down from about 325 million units last year