Nvidia revenue soars due to AI, but stock dips on trade restrictions
Nvidia announced major jumps in revenue and net income in its latest earnings report amid the artificial intelligence boom, but the impact of export controls could hit certain markets.
CEOs courting China's Xi Jinping at APEC summit in San Francisco
Chinese President Xi Jinping is making is first visit to the U.S. in over six years and will attend a dinner with American CEOs after meeting with President Biden.
Biden and China’s Xi to meet at economic summit: What to know
President Joe Biden and Chinese President Xi Jinping are expected to hold an in-person meeting on the sidelines of the APEC summit in San Francisco this week.
China records lowest foreign investment on record, experts blame new laws for stifling much-needed growth
The drop marks the most significant one on record since 1998 when comparable data starts, with some experts arguing China's new laws that decrease transparency are driving away investors.
Nvidia says US sped up export curbs on AI chips
Nvidia announced in a regulatory filing that the U.S. government sped up the implementation timeline for broader export controls on China's access to artificial intelligence chips.
China risks should get disclosed by large US companies, says former SEC chair
Former SEC chair Jay Clayton told the House Select Committee on the Chinese Communist Party that U.S. businesses should start disclosing their exposure to China for investors' benefit.
Biden says China's economic woes make Taiwan invasion less likely
President Joe Biden said that China's economic challenges have taken a toll and make it less likely to consider an invasion of Taiwan to force its unification with the mainland.
Chair of bipartisan panel on China calls for blocking tech exports to Huawei, SMIC
Wisconsin Republican Mike Gallagher, who chairs the House panel on the strategic competition between the U.S. and Chinese Communist Party, called for an end to tech exports to Huawei.
Chip war heats up: China to launch $40B state fund for semiconductor manufacturing
China is planning a new $40 billion government-backed investment fund aimed at bolstering the country's semiconductor manufacturing industry that has been hit by U.S. export controls.
Biden administration restricting Nvidia’s sales of AI chips to some countries in Middle East
Nvidia said in a regulatory filing the U.S. government is imposing export controls to restrict some countries in the Middle East from buying advanced technology used in AI systems.
US is 'literally' building up China's economy and military: Robert Lighthizer
Former U.S. Trade Representative Robert Lighthizer discusses Commerce Secretary Gina Raimondo's trip to Beijing, trade with China, Americans investing in Chinese companies and the Biden administration's handling of the adversary.
Secretary of Commerce Gina Raimondo says US businesses complaining China is becoming 'uninvestable'
Commerce Secretary Gina Raimondo said the Chinese government's actions against U.S. firms are making China "uninvestable" for American businesses due to the risk and uncertainty.
Biden admin seeks to boost tourism, trade with Raimondo's China visit
Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.
Huawei building secret chip network to dodge US sanctions: report
Chinese tech giant Huawei is reportedly receiving $30 billion in government funds to stand up chipmaking plants under different business names that could allow it to avoid U.S. export controls.
North Korea resumes limited commercial flights to China in major step to reopening borders
North Korea requires significant financial support following three years of strict border closures over COVID-19 fears, which the country claimed to have eradicated last year.
US Department of Commerce slaps tariffs on solar companies for dodging China duties
The Department of Commerce will impose new tariffs on several Chinese solar firms after an investigation found they were attempting to circumvent existing U.S. tariffs on goods from China.
New US tech restrictions on China have investors wary, watching for retaliation
President Biden signed an executive order initiating a process aimed at restricting U.S. investment in China that involves sensitive technologies over national security concerns.
Chipmakers push back on US restrictions on semiconductor exports to China
Executives from several leading chipmakers met with Biden administration officials at the White House as the U.S. weighs new restrictions on semiconductor exports to China.
Biden admin has ‘scared’ China into thinking the US will defend Taiwan: Michael Pillsbury
Heritage Foundation senior fellow Michael Pillsbury joined ‘Varney & Co.’ to discuss Secretary Yellen’s controversial trip to China and the Russia-Ukraine war.
Deputy Treasury Secretary Wally Adeyemo warns of more US sanctions against Russia
Deputy Treasury Secretary Wally Adeyemo also warned China for helping Russia.