The move is China's latest effort to enable the internationalisation of the yuan and protect its economy from capital outflows and geopolitical risks

US officials have played down the prospect of a major breakthrough in China-US ties, but say Blinken's primary goal is to establish durable communication channels with Beijing

Xi has previously said China needs to seize opportunities to use AI to drive economic development, but has also cautioned about its risks

Beijing was talking tough on Friday in the lead-up to a visit by Antony Blinken, warning that "irresponsible hegemonic behaviour .. will only push China and the US towards confrontation"

Yadea, which already has six production hubs in China and one in Vietnam, will build the new plant near Manila with an annual capacity of up to 5m units

Headquartered in Beijing, and established by Chinese President Xi Jinping in 2016, the Asian Infrastructure Investment Bank has been touted as a Chinese alternative to the World Bank

As lithium prices fall and concerns rise around the environmental impact of lithium mining, China's Yichun city finds itself running short of achieving ambitious targets

Chinese tech giant said it would invest 'billions of dollars' - in training, advertising, supporting small vendors looking to join its e-commerce platform TikTok Shop, and more

"I think we gain and China gains from trade and investment that is as open as possible, and it would be disastrous for us to attempt to decouple from China," US treasury secretary Janet Yellen said

US lawmakers are set to introduce a bill to eliminate a tariff exemption widely used by e-commerce sellers to send small orders from China to US shoppers

The move will allow the chipmakers, which include Samsung, SK Hynix and TSMC, to continue to import US chipmaking tools to China for use in their existing fabs in the country

The US has added 43 firms – mostly Chinese – to its Entity List, banning them from receiving US exports for activities such as training army pilots and developing hypersonic missiles