June 9 (Reuters) - 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.

A task force confirmed the presence of a 20-foot by 20-foot floating structure and what appears to be an antenna in the disputed Scarborough Shoal.

Yet its economy is still weighed down by a property slump and big debts accrued by the local government since the early 2010s. The Chinese economy has slowed considerably in recent years, never fully recovering from the unpredictable and disruptive lockdowns of the covid-19 pandemic.

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.

Archaeologists work at the Xianrendong site in Huadian, Jilin province, part of a cluster of sites in Jilin listed among China’s top 10 archaeological discoveries of 2025, which were announced in Beijing in April.

The Philippines has protested China’s deployment of what Manila describes as a floating “structure” with personnel on a disputed shoal in the South China Sea, fearing it could be a part of Beijing’s e

Its discovery sparked fears that Beijing was aggressively spying on ministers in the then-Conservative government.

Eileen Wang pleaded guilty to acting as a foreign agent. But what could Beijing want from the mayor of a small California city known as the “Chinese Beverly Hills”?