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

Gal Luft "agreed to covertly recruit and pay" an unnamed ex-US official to publicly support certain Chinese policies, federal prosecutors say

Finance ministry in Beijing urges US to take action on its "major concerns" about sanctions on Chinese firms, after talks with US Treasury secretary

Applications for new listings in China sank by a third in the first half of 2023, because of China's economic slowdown and tighter regulatory scrutiny of companies wanting to list

The US treasury secretary said she also told Chinese officials they could raise concerns about US actions, and that Washington might "respond to unintended consequences" of its restrictions

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

China’s economic czar He Lifeng made the comments in a meeting with Janet Yellen, which saw the US treasury secretary double down on chip sanctions, while also urging 'direct' communication

About a dozen Chinese firms, including Tencent Music Entertainment Group, Didi Global and NetEase, are likely to be inspected in a fresh round of routine checks

Yellen expressed concern about "unfair" and "punitive" actions against US companies in China after a meeting on Friday with US business representatives in Beijing