China

Politics

Prosecutors recommend dropping charges against MIT professor

Federal prosecutors are recommending dropping charges against a Massachusetts Institute of Technology professor who was accused last year of hiding work he did for the Chinese government while also collecting U.S. dollars for his nanotechnology research, a person familiar with the decision said Friday.

Markets

China's trade surplus surges to record $676.4B in 2021

China’s politically volatile global trade surplus surged to $676.4 billion in 2021, likely the highest ever recorded by any country, as exports jumped 29.9% over a year earlier despite semiconductor shortages that disrupted manufacturing.