China is escalating its chip war with the United States by imposing export controls on the overseas sales of gallium and germanium, elements essential to making semiconductors.
Beijing [China], May 22 (ANI): Direct foreign investment into China by multinational companies is falling off a cliff as investors are becoming increasingly pessimistic about the Chinese economy amid President Xi Jinping's strict COVID policies and his stance on Russia's war on Ukraine.
Washington [US], May 6 (ANI): Chinese Ambassador to the US Qin Gang has accused the Biden administration of politicizing China-US business and trade ties and levying additional tariffs on Chinese goods.