China has yet to see a strong rebound in consumer spending, according to major companies.

The Netherlands — home to critical chip firm ASML — is embroiled in political tensions between the U.S. and China over semiconductor technology.

Qin, who was until recently China’s ambassador to the U.S., said China would “pursue a sound and stable relationship with the U.S.”

Chinese authorities denied claims of billionaire investor Mark Mobius saying that he is unable to wire funds out of China due to government restrictions on capital flow.

China’s leaders struck a cautious tone about the outlook for the country’s economic rebound, after ending most Covid restrictions on business activity.

China’s defense budget grew by 7.1% last year to 1.45 trillion yuan, faster than the 6.8% increase in 2021, according to official data.

This year, the Two Sessions is also set to formalize government titles for the new premier, vice premiers and heads of different ministries.

Foxconn will build a new iPhone factory in India’s Karnataka state, bringing about 100,000 jobs to Bengaluru, Bloomberg reported.

China is pulling out all the stops to keep multinationals like Apple and its supplier Foxconn in the country.

The politically important U.S.-China relationship is vulnerable to cultural differences — such as why a phone call doesn’t get picked up.