Page 4 - Us China

US sanctions propel Chinese AI prodigy Chen Tianshi to $23 bn fortune

Chen's rise underscores how China's robust support for its domestic AI industry is minting a new class of state-aligned tech elites just a few years after it cracked down on its private-sector titans

China accuses US of $13 bn Bitcoin theft, calls it state-backed hacking

China's cyber agency has accused the US of stealing $13 billion in Bitcoin from the LuBian mining pool in 2020, calling it a state-backed hack; the US has denied such allegations

China to control chemical subsidiaries, lists 13 Fentanyl precursors: FBI

The announcement comes on the heels of the meeting between US President Donald Trump and Chinese President Xi Jinping

Firms seek manufacturing alternatives in Vietnam, India amid US-China rift

A trade truce between the United States and China has calmed nerves, but it won't stop the broader movement of companies to countries like Vietnam

China announces curbs on chemicals after Trump deal on fentanyl tariffs

China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to take steps to ease a trade war. Beijing announced new export restrictions on 13 drug-making chemicals to the United States, Canada and Mexico, including those that are used to produce the synthetic opioid blamed for tens of thousands of overdose deaths in the U.S. every year. After meeting Xi in South Korea last month, Trump said China would help end the fentanyl crisis and he would ease a related tariff from 20 per cent to 10 per cent. It shows the back-and-forth nature of U.S.-Chinese cooperation on fentanyl over the years and lessens the recent tensions after Trump launched his campaign of tariffs, including those against the country that is the top exporter of pharmaceutical ingredients, such as the chemicals used to make fentanyl. What the Trump administration ha

Trump defends entry of foreign students to US, calls it 'good practice'

Donald Trump argued that reducing the number of foreign students would incur financial harm to the university system and lead some schools, including Black institutions, to go out of business

US, China suspend mutual shipping probes as trade talks ease tensions

The suspensions remove some costs and uncertainty for an industry that had been facing fees to deliver goods to the US

China doubles down on innovation, self-reliance to counter US rivalry

China is using American pressure as a catalyst to accelerate domestic innovation, by pumping money into its local firms

China lifts gallium, germanium export curbs to US amid trade thaw

Beijing's move to lift export restrictions on key semiconductor minerals until 2026 signals a thaw in US-China trade tensions after the leaders' meeting in Busan

China plans 'many deals' with US for soybean if quality, prices align

Beijing's intention to sign deals comes at a time when a Commerce Ministry official highlighted the massive need for soybeans in the country

Trump hosts Central Asian leaders to counter China's rare earth dominance

US President Donald Trump hosted leaders of five Central Asian countries at the White House on Thursday as he intensifies his hunt for rare earth metals needed for high-tech devices, including smartphones, electric vehicles and fighter jets. Trump and the officials from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan held bilateral meetings in the Oval Office before having a working dinner. These nations were once home to the ancient Silk Road connecting East and West, Trump said, while noting that sadly, previous American presidents neglected this region completely". He added, I understand the importance of this region but a lot of people don't know that. The White House visits followed Trump managing at least a temporary thaw with Chinese leader Xi Jinping on differences between the United States and China over the export of rare earth elements, a key point of friction in their trade negotiations. Early last month, Beijing expanded export restrictions over vital

US steps up investment in rare-earth firms to curb reliance on China

The announcements are the latest in a string of actions taken by the federal government to invest directly in the supply chain of permanent magnet production, an industry dominated by China

Alibaba's AI model leads global crypto trading test, outperforms GPT-5

Alibaba's Qwen3-Max AI model earned top spot in a real-market crypto trading test, while DeepSeek AI came second with nearly 5 per cent gains

China started reducing reliance on the West years before Trump tariffs

Two decades of sustained effort to build national self-reliance and minimize imports have antagonized trade partners but fortified what a senior adviser called Beijing's "bulwark" against conflicts

Trump warns Xi Jinping of severe consequences if China invades Taiwan

Trump declined to reveal his strategy on a potential Taiwan conflict and insisted China 'understands what will happen' if it attempts any aggression

What did Trump, Xi agree to on tariffs, export controls, and fentanyl

The deal, which also includes resumption of Chinese purchases of American soybeans, averts Trump's threatened 100 per cent tariff on Chinese goods and extends a delicate trade truce

Trump hails 'G2 meeting' with Xi Jinping as great step toward lasting peace

After his highly anticipated meeting, Trump said that Washington has reached a landmark one-year trade pact with China

China to suspend some rare earth curbs, probes on US chip companies

The White House issued a fact sheet on Saturday outlining some details of the trade pact agreed to earlier this week by President Donald Trump and Chinese leader Xi Jinping

Apec leaders open summit after Trump-Xi move to ease trade tensions

Leaders of 21 Asian and Pacific Rim nations opened their annual summit Friday to discuss how to promote economic cooperation and tackle shared challenges, a day after President Donald Trump and Chinese President Xi Jinping agreed to take steps to ease their escalating trade war. This year's two-day Asia-Pacific Economic Cooperation summit in the South Korean city of Gyeongju has been heavily overshadowed by Thursday's Trump-Xi meeting. Trump described the meeting as a roaring success, saying he would cut tariffs on China, while Beijing had agreed to allow the export of rare earth elements and start buying American soybeans. Their deals were a relief to the world economy, as experts previously warned that a failure to dial down trade tensions between the world's two largest economies were certain to deepen global economic uncertainties. Established in 1989 during a period of increased globalisation, APEC represents more than half of global trade. The forum champions free and open t