When even major US allies and trading partners are swept into Washington's alleged China-linked transshipment network, is the US still cracking down on its so-called illegal tariff evasion, or is it raising its "small yard, high fence" higher and tighten it further by wielding its tariff stick

A Chinese team has developed a drone using bamboo-based composite materials after making a breakthrough in a technique that allows bamboo to be flattened while preserving its tough outer layer. The drone has completed multiple test flights, China Central Television (CCTV) News reported.

China has expanded a cross-border cash pooling program for multinational companies nationwide, a move aimed at enabling a broader range of smaller multinationals to better manage cross-border funds.The People's Bank of China and the State Administration of Foreign Exchange jointly issued a notice

China's current account surplus reached 1.33 trillion yuan in the second quarter of 2026, preliminary data from the State Administration of Foreign Exchange showed Friday.In U.S. dollar terms, the current account surplus stood at 195.1 billion U.S. dollars in the second quarter.

Tokyo stocks ended higher Friday, as soft U.S. inflation data dented expectations of an imminent U.S. rate hike.

Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) reported a jump of 261.7 percent in its second-quarter net profit, with revenue topping $3 billion.