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China's yuan rose to its strongest level in nearly 16 months on Friday on bets that Beijing will unveil fresh economic stimulus following a jumbo U.S. rate cut, though gains were capped by dollar buying from Chinese state banks.
Beijing/Hong Kong CNN —
MANILA – The Philippines and China have effectively ended a recent standoff over the Sabina Shoal in the South China Sea, marking at least a temporary de-escalation in maritime tensions many fear could tilt toward armed conflict.
Chinese companies are ramping up efforts to produce a viable alternative to Nvidia's chips that power artificial intelligence as Beijing continues its efforts to wean itself off American technology.
HONG KONG (AP) — The first person convicted under a tough new Hong Kong national security law was sentenced on Thursday to 14 months in prison for wearing a T-shirt with a protest slogan.
BEIJING (AP) — Japanese officials said Thursday that a 10-year-old student attending a Japanese school in southern China who was attacked the day before has died, asking Beijing to provide details of the stabbing and take preventive measures. A suspect is in custody.
In a press briefing on Tuesday, navy spokesman Rear Admiral Roy Vincent Trinidad told reporters, “I would not like to speculate on the possible security impact of China taking control of the Sabina Shoal. Nevertheless, we are prepared and we have our contingency plans.”
