Yet its economy is still weighed down by a property slump and big debts accrued by the local government since the early 2010s. The Chinese economy has slowed considerably in recent years, never fully recovering from the unpredictable and disruptive lockdowns of the covid-19 pandemic.

U.S. technology giant Advanced Micro Devices may become the preferred U.S. chip provider for China. Amid growing technology competition between the U.S. and China, AMD CEO and president Lisa Su has continued to build the company’s relationship and involvement with the communist power.

Sen. Elizabeth Warren said Nvidia’s CEO should answer questions publicly as lawmakers scrutinize AI chip sales to China and export controls.

BEIJING, June 8 (Reuters) - China's car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen, which is trying to revive its China business through locally developed electric vehicles.

China’s car sales fell 22.1% in May, underscoring the persistent weakness in the market that prompted the China Passenger Car Association to sharply downgrade its annual sales outlook.

Chinese experts discuss Beijing's military modernization, space ambitions and AI strategy as competition with the United States intensifies.

Beijing says the changes are needed for national security, but they could complicate efforts by Chinese companies to find growth overseas.

Copper edged up to recoup some of last week’s losses as buying activity in China and flows of metal to the US supported the demand outlook.

By Michael Martina and David Shepardson WASHINGTON, June 8 (Reuters) - The U.S. on Monday issued an updated list of major Chinese companies that it believes are aiding Beijing's military, including e-commerce group Alibaba,