A former tech executive has been given 14 years prison time for embezzling CNY140 million (US$19.5 million) from his company and laundered it using cryptocurrencies.
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Chinese tech exec gets 14 years for $19M embezzlement, crypto money laundering
U.S.-China tariff war has a major update
The United States and China agreed to extend their 90-day tariff truce on July 29, SCMP reported. This is a developing story. Please keep refreshing for updates.
China’s finance minister pledges stronger fiscal policy support including childcare subsidies to ramp up economy
Chinese Minister of Finance Lan Fo’an pledged on Wednesday to accelerate the implementation of childcare subsidy policy, including gradually rolling out free pre-school education, and providing …
Stable, healthy Sino-US business ties beneficial to all
The United States should work with China to continue enhancing consensus, reducing misunderstandings, strengthening cooperation, further deepening dialogue and consultations, and striving for more win …
How China Is Girding for an AI Battle With the U.S.
As Washington tries to limit its progress, Beijing is spending more to build an artificial-intelligence ecosystem that doesn’t rely on U.S. technology.
Exclusive: Tesla signs $4.3 billion battery deal with LGES, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance…
Vice-premier urges efforts to safeguard lives and property of people impacted by floods
Zhang called for improvements to monitoring and early-warning systems, and for evacuations to be initiated early and decisively. Vulnerable groups such as the elderly and people with impaired mobility …
Chinese troops join disaster relief efforts in China’s flood-stricken areas
Members of the Chinese People’s Liberation Army conduct disaster relief work at night in Jizhou District of north China’s Tianjin, July 28, 2025. The Chinese People’s Liberation Army, the People’s …
‘The meetings were very constructive’: US, China seek to extend tariff truce, Trump to decide
No major breakthroughs were announced, and U.S. officials said it was up to President Donald Trump to decide whether to extend a trade truce that expires on August 12 or potentially let tariffs shoot …
China’s Finance Minister signals more proactive fiscal support amid rising uncertainty
China’s Finance Minister Lan Fo’an said on Tuesday that the country will ramp up fiscal support to bolster domestic consumption and mitigate mounting economic headwinds. Lan Fo’an emphasized that …
Inspired by China, Tajik student hopes to build bilateral business bridge
Economic cooperation between China and Tajikistan has deepened consistently in recent years. China remains Tajikistan’s largest source of foreign investment and a crucial trading partner. Bilateral trade reached a historic high of $3.93 billion in…
Could China’s Quantum Radar See Through US Stealth? How The Tech Theoretically ‘Works’
Stealth aircraft have a unique advantage in that they can’t be detected by radar, but that could be about to change thanks to advances in quantum technology.
Report shows how China took control of critical materials needed for defense technology
China controls over 80% of critical materials used in batteries essential for United States defense technologies, a new report revealed on Monday. A report from the Foundation for the Defense of Democracies,
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