Analysts said Xi's eagerness to "win the battle" in core technologies could mean that China will not only bolster spending but overhaul its whole approach to boost key tech and chip sectors

Researchers in China's hypersonic and missiles programme have managed to obtain specialized US technology, such as advanced software products, via private resellers or research bodies

The move follows export restrictions imposed by the Biden Administration. YMTC is also being investigated by the Commerce officials on whether it sold chips to blacklisted Huawei

State banks sold a high volume of US dollars and used swaps and spot trades to defend the weakening yuan on Monday, sources said. One said the operation was 'rather huge'

The world's poorest countries face $35 billion in debt-service payments, with more than 40% of the total due to China, the World Bank said.

Volkswagen will invest $2.33bn and take a 60% stake in a joint venture with Chinese tech firm Horizon Robotics for autonomous driving software and hardware

Treasury secretary said the bank should inform countries of climate-related macroeconomic risks and more effectively convene and fund countries' efforts to advance climate goals

Senator endorses stance of Federal Communications Commission, saying it is necessary to protect US telecommunication networks and security

$44-billion takeover bid hits rocky water. But a lawyer for Musk said Twitter's court filing was a "misdirection" and that: "It is Twitter's executives that are under federal investigation."

Chip giants allowed to continue work at their China factories, but the ban on US citizens working for local firms has shocked the sector, forcing firms like Naura and YMTC to pull key staff

Experts said the US chip restrictions could lead to its "Sputnik" moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course

Global financial conditions, reflectling the availability of funding, were at their tightest since 2009 in late September, lifted by surging interest rates, falling equities and a soaring dollar