China is threatening to derail a $23 billion deal that would hand over control of more than 40 global ports — including two at the Panama Canal — to BlackRock and Mediterranean Shipping Co. (MSC), unless its state-owned shipping giant COSCO is granted a stake, the Wall Street Journal reported.

Beijing’s industrial policy is accelerating its rise in artificial intelligence, challenging US dominance despite export restrictions.

Beijing is taking an industrial policy approach to help its A.I. companies close the gap with those in the United States.

BEIJING] Nvidia CEO Jensen Huang called China’s open-source artificial intelligence a “catalyst for global progress” and hailed the country’s innovation in the sector as he addressed an expo in Beijing on Wednesday.

Jensen Huang, Founder & CEO of Nvidia, delivers a speech at the opening ceremony of the third China International Supply Chain Expo in Beijing, on July 16, 2025. Photo: Chi Jingyi

For a company long defined by proprietary development, this move is a symbol of a broader technological undercurrent sweeping across China: from innovation to diffusion.

China and Australia will keep open dialogue and look for areas of cooperation despite strategic competition in the Indo-Pacific region, Australia's Prime Minister Anthony Albanese said on Tuesday after meeting China's President Xi Jinping in Beijing.

The U.S. Navy plans to build two facilities in the Philippines for repairing and maintaining Philippine military boats. The U.S.

China will seize influence on the global stage as a result of the Trump administration’s major cuts to international spending, according to a report published Monday by the Democratic staff on the

China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison , to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake,