With just days to go in his presidency, U.S. President Joe Biden is releasing a flurry of new measures that challenge China's chip-making and shipbuilding and limit Russian oil, while a ceasefire in Gaza is said to be in reach after months of failed talks.

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,

Secretary of Commerce Gina Raimondo said the new policy will help build a trusted technology ecosystem around the world.

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.

Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.