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.

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,

Connected vehicles consist of many connected components and systems - such as Wi-Fi, Bluetooth, cellular, and satellite connectivity

US last week imposed its broadest package of sanctions so far targeting Russia’s oil producers. Read more at straitstimes.com.

Chinese and Indian refiners are scouring the globe for supplies of crude as fresh U.S. sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said. Ciara Lee reports.

India intends to abandon oil tankers that have been sanctioned by the United States because of their role in transporting goods for Russia, which is another example of the impact of Washington's measures on the global oil market.