The value of China's imports and exports with Russia reached 1.74 trillion yuan ($237 billion) in 2024, a record high, Chinese customs data showed on Monday, as the two countries' leaders hailed bilateral relations.

Storyline: China's foreign trade volume reaches record high in 2024 [Voice_over] The General Administration of Customs of China on Monday outlined the country's foreign trade achievements in 2024. Officials say China had remarkable achievements in imports and exports in both total value growth and quality.

Trade between China and Russia reached a record high last year, according to official data released Monday, underscoring their deepening economic ties despite Western sanctions on Moscow. The total value of imports and exports between the two nations amounted to $244.

Plans to block new vehicles with software and hardware linked to either China or Russia are moving ahead. Today, the Department of Commerce published a final rule in the Federal Register that will prohibit the import of vehicles with Chinese or Russian connected-car vehicle software from model-year 2027 and Chinese or Russian hardware from model-year 2030.

In September, her department proposed a sweeping ban on key Chinese software and hardware in connected vehicles on American roads, with software prohibitions to take effect in the

The Biden administration has issued new restrictions on the export of US-developed computer chips that power artificial intelligence (AI) systems, in a final effort to prevent rivals like China from accessing the advanced technology,

The Biden administration is set to announce a new rule to regulate the export of advanced AI chips, aiming to restrict access for nations like China while trading with 18 key allies and partners.

President Joe Biden is planning one more round of export restrictions on AI chips to limit some countries' access to the key technology.