Export controls against China will not only fail to halt its technological progress but also hurt the US economy, ASML CEO Peter Wennink said, after trade tensions between Washington and Beijing led to restrictions on the sale of the Dutch company's advanced chip equipment to Chinese firms.

China's southern space port of Wenchang will build a CNY 20 billion (US$3 billion) supercomputing centre by year-end to analyse data obtained from space, according to state media on Tuesday.

China's GAC plans to roll out its first vehicle model with autonomous driving functions developed with Huawei Technologies after 2024, GAC's general manager told reporters at the 2021 Shanghai Auto Show on Monday.

German automaker BMW is aiming for a quarter of its sales in China to be pure battery electric vehicles by 2025, its China chief Jochen Goller said on Monday.

China Evergrande New Energy Vehicle Group's expansive pop-up showroom sits at the heart of Shanghai's National Exhibition and Convention Center. With nine models on display, it's hard to miss. The electric car upstart has one of the biggest booths at China's 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth - Evergrande hasn't sold a single car under its own brand.

The move is the latest in a chain of regulatory moves targeting the business empire of Jack Ma, who was a co-founder of both Ant Group and Alibaba.

Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country's anti-monopoly regulator.

Tighter US sanctions against China's Huawei Technologies announced in May 2020 shifted the global semiconductor supply chain in a way nobody had expected, with a flood of orders enriching Taiwanese foundries and changing the island's landscape.

Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list.

Tianshu Zhixin said in January that BI was made using an unidentified 7nm process node and 2.5D chip-on-wafer-on-substrate (CoWoS) packaging. On Wednesday, it confirmed our suspicion that BI was made using TSMC's 7nm FinFET process.

Xiaomi plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China's booming EV market.

Nio will temporarily halt production at one of its factories in Anhui province because of a semiconductor shortage, becoming the first high-profile Chinese carmaker to succumb to the chip snarl that's silenced the factory lines of auto manufacturers globally.

International bondholders owed tens of millions of dollars by a Beijing-backed semiconductor group are seeking to freeze its overseas assets, as corporate debt problems complicate President Xi Jinping's attempts to unshackle China from foreign-made chips.

Baidu has raised US$3.1 billion in its Hong Kong secondary listing, according to a filing by the Chinese internet search giant.

The working group will meet twice a year to discuss issues such as intellectual property, trade policy and encryption.

An investigation into illegal talent poaching by Beijing-based Bitmain Technologies has revived fears Chinese companies will target Taiwan's top engineers as their country works to build a world-class chipmaking industry.

In barely 40 years, China has dramatically opened up its economy and become one of the world's primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi's drive toward tech dominance is being threatened by an unexpected speed bump: China's forceful crackdown on Jack Ma's business empire.

US-listed Chinese electric vehicle (EV) makers Li Auto, Nio and Xpeng plan to list in Hong Kong as soon as this year, tapping a growing investor base closer to home, said people with direct knowledge of the matter.

China's leaders are finalizing their political and economic agenda for the rest of 2021 and beyond. How the country achieves technological independence and tackles the climate crisis will be near the top.

A sophisticated attack on Microsoft's widely used business email software is morphing into a global cybersecurity crisis, as hackers race to infect as many victims as possible before companies can secure their computer systems. The attack, which Microsoft has said started with a Chinese government-backed hacking group, has so far claimed at least 60,000 known victims globally, according to a former senior US official with knowledge of the investigation.

The US Senate is considering including in a new bill to boost competitiveness against China $30 billion in funding for previously-approved measures to supercharge the country's chipmaking industry, a congressional source said on Thursday.

Chinese electric car start-up Nio said Tuesday a shortage in semiconductors and batteries will cut its production capacity in the second quarter to 7,500 vehicles a month, down from 10,000.

"Despite our private-sector and university leadership in AI, the US remains unprepared for the coming era... China is a competitor possessing the might, talent and ambition to challenge America's technological leadership, military superiority and its broader position in the world."

As the US looks to fulfill its semiconductor needs on its own, Arizona is fast emerging as a base for the domestic industry's revival. Already home to large Intel workforces, the state will soon add staff from Taiwan's TSMC, supplier LCY Group, and potentially Samsung, as a slew of industry giants eye sites in the sun-beaten Southwestern state.

China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.

The US president signed an executive order on Wednesday requiring federal agencies to conduct 100-day reviews of supply chains for semiconductors, pharmaceuticals, electric vehicle batteries and critical minerals used in manufacturing products such as cars and weapons.

US President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chains for chips and other strategically significant products that are less reliant on China, in partnership with the likes of Taiwan, Japan and South Korea.

Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. Now it appears to be turning into the kind of highly regulated Chinese bank that it hoped to supplant.

China may ban the export of rare-earths refining technology to countries or companies it deems as a threat on state security concerns, according to a person familiar with the matter.

A new president took office this month determined to fight climate change. Wall Street investors think Tesla is worth more than General Motors, Toyota, Volkswagen and Ford put together. And China, the world's biggest car market, recently ordered that most new cars be powered by electricity in just 15 years.

China announced new anti-monopoly rules over the weekend - but that's not likely to have much impact on the market for now, argues Bank of Communications International's Hao Hong.

Xiaomi filed a complaint in a Washington district court on Friday against the U.S. Defense and Treasury Departments, seeking to remove the Chinese smartphone maker from an official list of companies with ties to China's military.

China smartphone shipments slipped 4% in the December quarter, data showed, as shipments at Huawei Technologies Co Ltd plunged due to U.S. sanctions on the Chinese firm's chip and component suppliers.

China brought in $163 billion in inflows last year, compared to $134 billion attracted by the U.S., the United Nations Conference on Trade and Development wrote in a report released on Sunday.

Qualcomm's shipments in China shrank 48.1% year-on-year a report from CINNO said.

Outgoing U.S. Federal Communications Commission (FCC) chairman Ajit Pai said potential Chinese espionage and threats to U.S. telecommunications networks and internet freedom are the biggest national security issue that regulators will face in the next four years.

Ready for prime time

Last year was a big year for blockchain projects in China after President Xi Jinping called for further development of the technology at the end of 2019

The Trump administration notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told Reuters.

China's economy grew more than expected last year, even as the rest of the world was upended by the coronavirus pandemic.