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The US Treasury Department proposed a rule on Thursday to crack down on American high-tech investments such as supercomputing and artificial intelligence in China, Russia, North Korea and other "countries of concern". The US government has been working for years to deny China and other adversaries investments that could help them boost their military power. That programme began in 2023 when then-President Joe Biden signed an executive order putting restrictions on outbound US investments in sectors such as semiconductors, quantum computing and artificial intelligence going into China. Treasury later established the Outbound Investment Security Programme. In December 2025, Congress passed a law that codified and expanded the programme to target more technologies and more foreign countries, including Cuba, Iran, North Korea and Russia. The inclusion of Russia in the proposed rule has come days after President Donald Trump waived sanctions on Russia following a diesel deal with Presid
Beijing on Tuesday expressed "firm opposition" to the Trump administration's sanctions on five Chinese companies connected to a former Google engineer accused of intellectual property theft. The move "severely harms the legitimate rights and interests" of Chinese businesses, the country's commerce ministry said in a statement. "The nature of this act is egregious. China firms opposes this." The ministry also urged the US to "correct its erroneous practice" and said Beijing would take "necessary measures", without specifying them. It came a day after the US State Department imposed sanctions on five Chinese companies connected to Linwei Ding, who founded Shanghai Zhisuan Technology. The department said he had touted his experience with Google and claimed his company could replicate the American tech giant's super intelligence infrastructure technology. The start-up incubation programme MiraclePlus, which was sanctioned along with Zhisuan, gave seed capital in exchange for an ownersh
China hit back Tuesday at a US ban on Chinese artificial intelligence startup DeepSeek's products for federal civilian agencies, highlighting friction in the two AI powers' heated technology race. The agencies should remove DeepSeek and its affiliated products, as well as third party products and services developed using DeepSeek, from their IT systems, the Department of Homeland Security said in a notice made public on Monday. The department's order, dating back to late July, also blocks civilian agencies from procuring DeepSeek products and services. DeepSeek is one of China's leading and best-known AI companies and its open-source models are widely available in countries including the United States. They are mostly free to use. The notice in the Federal Register alleges that DeepSeek's models "present multiple threat vectors." It said concerns include that its servers are located in China and that Chinese authorities' could potentially access private company infrastructure and ..
Serious differences persist between the US and China despite the recent summit between Chinese President Xi Jinping and his US counterpart Donald Trump in Washington, which was marked by rare bonhomie, a close Trump aide said. Both sides still have issues that predated Xi's visit last week and would continue working on them, Republican Senator Steve Daines, a close Trump aide and key interlocutor between Washington and Beijing, told the Hong Kong-based South China Morning Post. "So that's again why it's really important to keep the dialogue going between two countries because both sides admit we've got some serious differences. But the answer is not to retreat. The answer is to stay engaged," Daines said. Daines, who played a key backchannel role ahead of Xi's visit, was responding to US Ambassador to China David Perdue's accusation that Beijing was "weaponising" its dominant position in critical minerals. In an interview with Fox News Sunday on September 27, Perdue made these ...
President Donald Trump disputed that he asked Chinese leader Xi Jinping if he wanted to buy weapons from the United States, contradicting an account from the US ambassador to China. Trump on Monday acted confused when a reporter asked him about Ambassador David Perdue's remarks over the weekend, suggesting the diplomat was confusing China with Taiwan. But then Trump said "maybe it's a good idea" to make such an offer to China. The whiplash over the prospect of arms sales from the US to its ascendant geopolitical rival underlines the Trump administration's often uncoordinated and contradictory approach to China, including Xi's pomp-filled state visit to Washington last week during which Trump appeared to get little in return on key issues. Perdue, speaking to Shannon Bream on Fox News Channel's "Fox News Sunday" days after the summit, didn't specify when the offer was made. But such a proposal, if realised, would upend generations of US policy toward China and Taiwan and expose US ..
China's President Xi Jinping on Thursday said one lakh young Americans will be invited to visit China for exchanges and study over the next five years. The announcement by Xi at the White House here came against the backdrop of a similar announcement made in 2023, under which 50,000 young Americans were invited for exchanges and study over a five-year period. The target was achieved this year ahead of schedule. "The hope of China-US relationship lies in our people, and its future lies with the young. I am glad to announce an invitation for 100,000 young Americans to visit China for exchanges and study in the coming five years," Xi said. The Chinese leader made a reference to the Second World War when Chinese and Americans fought "shoulder-to-shoulder" against the "fascist" aggression. "Chinese people have never forgotten that part of history, nor have the American people," Xi said. "Ladies and gentlemen, dear friends, achieving the Great Rejuvenation of the Chinese Nation and maki