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Last Updated: July 7, 2016

Exclusive: Chip Wars - China Closing in on Second $19 Billion Semiconductor Fund: Sources

Kane Wu, Julie Zhu, Cate Cadell
Reuters
China’s state-backed semiconductor fund is near to closing a 120 billion yuan ($18.98 billion) investment round for a second fund to support the domestic chip sector and help cut reliance on imports amid a bruising trade standoff with the United...

Police in Chinese City Seize 600 Computers Used to Mine Bitcoin

Reuters Staff
Reuters
Police in the north China city of Tianjin confiscated 600 computers used to mine bitcoin cryptocurrency after the local power grid operator reported abnormal electricity usage, Xinhua reported Wednesday.

China Envoy Says China Will Retaliate If U.S. Insists on Trade War: Xinhua

Reuters
China’s ambassador to the United States urged the United States to abandon a cold war and zero-sum mentality.

Exclusive: China Looks to Speed up Chip Plans as U.S. Trade Tensions Boil - Sources

Elias Glenn, Cate Cadell
Reuters
China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on imported chips.

China’s Trade Surplus with U.S. Soars in First Quarter but March Exports Falter

Elias Glenn, Stella Qiu
Reuters
China’s trade surplus with the United States surged nearly 20 percent in the first quarter, with some analysts speculating exporters were rushing out shipments to get ahead of threatened tariffs that are spurring fears of a full-blown trade war.

Anxious Hong Kong Catholics Told to Make Leap of Faith over China Deal

Greg Torode, Venus Wu
Reuters
Beijing-Vatican deal causes divisions among Catholics in Hong Kong.

China Says North Korea’s Kim Pledged Commitment to Denuclearization

Ben Blanchard, Joyce Lee
Reuters
North Korean leader Kim Jong Un pledged his commitment to denuclearization and to meet U.S. officials, China said on Wednesday after his meeting with President Xi Jinping, who promised China would uphold friendship with its isolated neighbor.

China, Not North Korea, to Dominate Japan Military Planning

Tim Kelly, Nobuhiro Kubo
Reuters
North Korea’s growing missile arsenal might be the most obvious and immediate military threat facing Japan, but defense planners in Tokyo are focused on a much larger and more challenging foe as they prepare for the years ahead.

Hong Kong’s Judges Voice Fears over China Influence in Judiciary

Greg Torode, James Pomfret
Reuters
As Hong Kong’s judges and senior lawyers paraded in ceremonial wigs and gowns on Jan 8 to mark the start of the legal year, anxieties over China’s growing reach into the city’s vaunted legal system swirled with the wintry winds.

China, Russia Welcome Korean Peace Efforts with Diplomacy in Overdrive

Christine Kim
Reuters
China’s President Xi Jinping offered encouragement for South Korea’s initiative to nurture peaceful engagement with North Korea, and Russia also expressed support, the South Korean official leading diplomatic efforts said on Thursday.

China Says Trade War with U.S. Will Only Bring Disaster to Global Economy

Elias Glenn
Reuters
Beijing criticizes proposed tariffs by Washington amid fears it could shatter global growth.

China Spends $279 bln on R&D in 2017: Science Minister

Reuters Staff
Reuters
China’s total spending on research and development is estimated to have hit 1.76 trillion yuan ($279 billion) last year, China’s science minister said on Monday, a year-on-year increase of 14 percent.

Chinese Capital Dangles Carrots to Lure Foreign Talent to Its Silicon Valley

Reuters Staff
Reuters
Beijing, a major hub for artificial intelligence (AI) and semiconductors in China, is touting a new list of incentives to try and bait foreign talent for its equivalent of Silicon Valley in the Chinese capital.

China Probes Report of Possible North Korea Sanctions Breach at Sea

Reuters Staff
Reuters
China said on Thursday it is investigating a Japanese report that a Chinese ship may have carried out a ship-to-ship transfer with a North Korean vessel in breach of U.N. sanctions.

Short Track: China's Wu Wins 500m in World Record Time

Simon Jennings
Reuters
Wu Dajing won China’s first Olympic gold medal in the men’s 500 meters on Thursday, setting a world record time of 39.584 seconds to beat South Korea’s Hwang Dae-heon.