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The European Union has finalized its sharply higher customs duties on electric vehicles imported from China

Biden administration finalised restrictions on investments by US individuals and companies into advanced technology in China, including semiconductors, quantum computing and artificial intelligence. The rules, which come after more than a year of deliberation, ban some investments into those industries and require the US government to be notified about others. The goal is to prevent American capital and know-how from helping China develop critical technologies that could lend Beijing a military edge. «US investments, including the intangible benefits like managerial assistance and access to investment and talent networks that often accompany such capital flows, must not be used to help countries of concern develop their military, intelligence, and cyber capabilities,» Paul Rosen, assistant Treasury secretary for investment security, said in a press release.

The European Union says it will impose duties on imports of electric vehicles from China from Thursday, after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute

BEIJING — Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts said, as some high-profile listings outside the mainland this year raise investor optimism over profitable exits.

United States to Taiwan. The United States is bound by law to provide Chinese-claimed Taiwan with the means to defend itself despite the lack of formal diplomatic ties, to the constant anger of Beijing. On Friday, the Pentagon said the United States had approved a potential $2 billion arms sale package to Taiwan, including the delivery for the first time to the island of an advanced air defence missile system battle-tested in Ukraine.

Subscribe to enjoy similar stories. Tesla has had a special relationship with China allowing it to do things in the country that have been the envy of other U.S. automakers.

China's top legislative body will hold a highly anticipated session in Beijing on November 4-8, the week of the US presidential election, as investors watch for any approval of fiscal stimulus to revive the slowing economy. The once-every-two-month gathering of the Standing Committee of National People's Congress will review a State Council report on financial work, along with a slew of draft laws on mineral resources, energy and anti-money laundering, the official Xinhua News Agency reported Friday. The published agenda doesn't specifically mention any plans for fiscal stimulus, although a previous decision to raise budget deficit mid-year in 2023 was disclosed only after lawmakers approved it.

Subscribe to enjoy similar stories. When Janet Yellen traveled to Beijing earlier this year, there was one person in particular she wanted to talk to: He Lifeng, one of the men holding the keys to the Chinese economy.

BEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas.

Subscribe to enjoy similar stories. Eighty years ago world leaders meeting in Bretton Woods, N.H., created the International Monetary Fund to prevent the sorts of economic imbalances that had brought on the Great Depression. Today, imbalances once again threaten global harmony.

Deep Blue Aerospace, will begin selling tickets on Thursday for a commercial spaceflight scheduled for 2027. The tickets will be available during a livestream shopping event hosted by the company's founder, Huo Liang. Each ticket costs 1.5 million yuan (approximately $211,000) and offers passengers a chance to experience five minutes of zero gravity. Customers can secure their tickets by paying a 50,000 yuan deposit. Deep Blue Aerospace aims to lead China's growing commercial space industry, which Beijing hopes will compete with international rivals like SpaceX. In 2023, China conducted 26 commercial launches, including the successful launch of LandSpace's Zhuque-2 rocket, the first methane-fueled rocket in the world. Deep Blue Aerospace is focused on developing reusable rocket technology to lower costs. The planned mission in 2027 will be a suborbital flight, meaning passengers will reach space without entering orbit. The entire space experience is expected to last around 12 minutes.

Subscribe to enjoy similar stories. New Delhi: Despite the recent easing of tension between New Delhi and Beijing, the ghost of the 2020 Galwan clash is likely to hover for a while, as the implications of the border disengagement between the two countries is likely to unravel only slowly.

Both sides should take on their international responsibilities and set an example for the development of other emerging economies, Chinese state broadcaster CCTV cited Xi as saying in a meeting with Modi on the sidelines of the BRICS summit in Russia's Kazan. PM Modi and Xi Jinping held their first bilateral talks in five years today, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover.

BEIJING — Chinese smartphone companies are rolling out artificial intelligence features for local users, adding pressure onApple.

Xi Jinping held their first formal talks in five years on Wednesday, signalling that ties between the Asian giants damaged by a deadly military clash in 2020 had begun to recover. The two leaders met on the sidelines of the BRICS summit in the Russian city of Kazan, the Indian government and Chinese state media said, two days after New Delhi announced that it had reached a deal with Beijing to resolve the four-year military stand-off on their disputed Himalayan frontier. Relations between the world's two most populous nations — both nuclear powers — have been strained since a clash between their troops on the largely undemarcated frontier in the western Himalayas of Ladakh left 20 Indian and four Chinese soldiers dead in 2020.

Chinese smartphone maker Xiaomi Corp is expected to complete the construction of an expansion of its electric vehicle factory in mid-2025, according to government-backed Chinese media on Wednesday The second phase of the Xiaomi Intelligent Manufacturing Industrial Base is scheduled to be completed on June 15, according to a report by the National Business Daily citing a person familiar with the project. The report added that workers were working overtime to complete the project, which is adjacent to the first-phase factory located in Beijing's Yizhuang New Town, an economic development area in which many high-tech firms have set up shop.

Army chief said that trust has to be restored on the China border and status quo of April 2020 needs to be achieved for normal management of the Line of Actual Control (LAC), even as details have emerged that the patrolling agreement with Beijing will include easing up of positions in Arunachal Pradesh that had emerged as tension flashpoints over the past four years. General Upendra Dwivedi indicated that several steps are required before disengagement, de-escalation and normal management of the border can be achieved. «We are trying to restore trust. How will the trust get restored? It will get restored once we are able to see each other and we are able to convince each other that look 'the buffer zones which are there, which have been created… we are not creeping into buffer zones'… and both have to reassure each other,» he said.

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market. The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption. Cook said Tuesday on his official account on social media platform Weibo that he had met with Chinese university students using Apple products to boost sustainable farming practices.

Xi Jinping on Tuesday left for Russia to attend the BRICS summit where he is expected to meet leaders of the member countries, including Prime Minister Narendra Modi on the sidelines. Xi will articulate China's vision for «greater cooperation» of the BRICS bloc, which has now expanded to 10 members, and «open a new era for the Global South to seek strength through solidarity» at the three day summit. The summit of Brazil, Russia, India, China and South Africa (BRICS), which now has expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, is being held in the Russian city of Kazan, about 900 km east of Moscow, from October 22 to 24. Xi left Beijing for the 16th BRICS Summit in Kazan at the invitation of Russian President Vladimir Putin, state-run Xinhua news agency reported.

The live fire drills were being held near the Pingtan islands off Fujian province from 9 a.m. to 1 p.m., according to a notice from the Maritime Safety Administration. It warned ships to avoid the area. It did not offer additional details. Taiwan's Defense Ministry said China's drills were part of an annual exercise and was tracking them. «It cannot be ruled out that it is one of the ways to expand the deterrent effect in line with the dynamics in the Taiwan Strait,» the statement added.

Subscribe to enjoy similar stories. In what could be a significant breakthrough in the India-China stalemate along the Line of Actual Control (LAC), the two countries have reached an agreement over patrolling runs, foreign secretary Vikram Misri said on Monday.