"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

The China-owned short video app was used by 20% of 18-to 24-year-olds for news, up five percentage points from last year

China hawks in Washington blame US investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military

Musk is expected to meet several senior Chinese officials and visit Tesla's Shanghai plant later in the week

The trip is Musk's first to China since he made headlines in early 2020 by dancing on stage at Tesla's Shanghai gigafactory

China will also launch three astronauts to its now fully operational space station on Tuesday, one of whom will be its first ever civilian to go to space

Commerce Secretary Gina Raimondo said the US "firmly opposes" the ban and that it is working closely with allies to address such "coercion"

Stocks of China's semiconductor companies have seen large gains since March with NAURA Technology Group up 14%, Piotech up 45% and ACM Research Shanghai up 19%

“We can theoretically build chips outside of Taiwan, it’s possible [but] the China market cannot be replaced. That’s impossible,” Huang told FT

Officials from the world's biggest economies will meet on Thursday to 'thaw' tense relations, complicated by China's recent ban on Micron and a tough stance against Beijing by G7 nations

When asked about allegations of Beijing targetting Russian scientists, China said Sino-Russian relations were based on "non-alignment, non-confrontation and non-targeting of third parties"

"It takes huge amounts of pre-emptive investment to be a chipmaker, and it takes five years, 10 years to break even on those investments, so putting predictability into jeopardy makes investments difficult," an analyst said