AGP Executive Report
Last update: an hour agoChip Tensions: Beijing warned Washington against tighter semiconductor controls, saying they threaten supply chains, as US lawmakers push to restrict exports after Nvidia chief Jensen Huang’s resignation. Reports say restricted chips reached a Shanghai firm founded by Alice Huang, but US officials say they have not determined whether she was a spy or involved in the transfers. Taiwan and Regional Security: Reuters reported that China held large, unannounced drills in the western Pacific and around Taiwan, involving more than 100 naval and coast guard vessels at their peak. Beijing has not publicly confirmed the exercises. Trade and Diplomacy: China and the US say they are discussing how to implement reciprocal tariff cuts covering $30 billion in goods from each side, ahead of next week’s APEC summit in Shenzhen, where Xi Jinping and Donald Trump are expected to meet. South China Sea: ASEAN and China have agreed on about 70% of a proposed maritime code of conduct, but major issues remain unresolved as negotiators face a year-end target. Anti-Corruption Drive: China’s watchdog opened an investigation into Wang Zhonglin, a former Hubei party chief who was a senior official in Wuhan during the early COVID-19 outbreak.
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