China is preparing to spend around 2 trillion yuan ($295.43 billion) over the next five years on building data centers across the country, Bloomberg News reported on Tuesday, as Beijing looks to challenge the U.S. in the intensifying AI race.

Reuters China

The U.S. spent $69.2 billion, more than all other nuclear states combined, and saw largest increase, at 22%.

Reuters China

Chinese coast guard ships operating around Taiwan in recent days have been "harassing" commercial shipping by asking them information about their point of origin and destination and claiming jurisdiction, Taiwan's coast guard said on Tuesday.

Reuters China

The Philippines' foreign ministry has undertaken appropriate diplomatic action against China in connection with the "illegal presence" of a floating structure in a disputed atoll, the country's South China Sea task force said on Tuesday.

Reuters China

A look at the day ahead in European and global markets from Wayne Cole.

Reuters China

China's export growth accelerated in May, buoyed by robust demand for chips, autos and other high-tech goods fuelling the global AI boom, providing policymakers some relief as energy price shocks from the Iran conflict weigh on broader demand.

Reuters China

Taiwan's military simulated destroying an invading Chinese force in a coastal exercise on Tuesday, firing off rockets and artillery to stop an amphibious assault in what it described as a more realistic combat scenario with less preparation time.

Reuters China

Asian stock markets eked out a rally on Tuesday and oil prices came off highs after Israel and Iran said they would halt attacks on each other for now, while ever-hopeful investors bought the latest dip in semiconductor stocks.

Reuters China

As AI heavyweights including Nvidia , Intel and SK Group last week championed Taiwan's significance as a crucial hub for the global supply chain, a hostile exchange with China was brewing at sea.

Reuters China

US lawmakers urge tighter rules on contract chipmakers supplying Chinese firms' overseas units

Reuters China

The Strait of Hormuz will be open but under new conditions to be set by Iran and Oman, including a transit fee, Iran's ambassador to Moscow was quoted as saying on Monday.

Reuters China

North Korean leader Kim Jong Un and China's Xi Jinping held a summit on Monday in Pyongyang and agreed to expand cooperation between the two countries in various sectors, North Korea's state media KCNA said on Tuesday.

Reuters China

Spending on nuclear weapons by the world's nine nuclear-armed states rose by almost a fifth in 2025 to $119 billion, a report by the International Campaign to Abolish Nuclear Weapons said on Tuesday.

Reuters China

China's crackdown on "illegal" cross-border investment won't lead to mainlanders' offshore accounts being closed and assets liquidated forcibly, the securities regulator said, amid investor concerns over the fate of $54 billion worth of assets.

Reuters China

China will not swerve from its commitment to safeguarding common interests with North Korea or waver in its support for Kim Jong Un, President Xi Jinping told Pyongyang's leader on Monday during a rare summit.

Reuters China

A look at the day ahead in European and global markets from Rae Wee

Reuters China

China's e-commerce export engine is faltering as surging jet fuel costs and weak demand from lower-income consumers in the West linked to the Iran war threaten profits for big online platforms like Temu , Shein and AliExpress .

Reuters China

China's export growth likely strengthened in May, underpinned by a backlog of overseas orders brought forward to pre-empt energy price pressures tied to the Gulf war, alongside sustained global demand for semiconductors and AI-related components.

Reuters China

Asian stocks plunged on Monday as investors rushed out of the hottest AI-linked shares on fears the bull run has gone too far, too fast and as fresh hostilities in Iran pushed up oil prices.

Reuters China

Chinese Coast Guard patrols to the east of Taiwan are a "provocative act" and the military will closely coordinate with the island's Coast Guard in responding, Defence Minister Wellington Koo said on Monday.

Reuters China

EU conservative chief urges tougher China trade stance, Bild am Sonntag reports