National

Markets

Axios Markets

Why China's "national team" buys up stocks

A column chart that shows monthly percentage changes in China Shanghai A-Shares from July 2025 to July 2026. Gains peaked at 7.97% in August 2025, while the lowest reading was -6.51% in March 2026. Returns turned mostly negative from March through July 2026.

Percentage change in China Shanghai A-Shares

Data: FactSet; Note: July data is month-to-date through close of the Chinese session on July 21, 2026; Chart: Matt Phillips/Axios

Exclusive: Nvidia's Jensen Huang defends Chinese AI amid Kimi panic

Nvidia's Jensen Huang defends Chinese AI

Tech Policy

OpenAI and Anthropic unite against China's open models

Investors blink on the AI trade

A line chart that tracks daily percentage price changes for five semiconductor stocks and an ETF from June 22 to July 17, 2026. Intel fell the most, down 32.6%, followed by Micron at 29.9% and the ETF at 20.3%. Nvidia was the most resilient, ending down 2.8%.

Change in price for select semiconductor stocks

Data: Financial Modeling Prep; Chart: Emily Peck/Axios

Media Deals

U.S. live shopping expected to triple as retailers compete with China

Media Trends Executive

A stacked area chart forecasting global livestream commerce sales from 2025 to 2030 in China, the U.S. and the rest of the world. The chart indicates sales increasing from almost $1.5 trillion in 2025 to over $3.5 trillion in 2030. Sales in China dominate.

Livestream commerce sales forecast

Data: ARK Investment Management; Chart: Danielle Alberti/Axios

AI race splits in two as China wages open-weight insurgency

Macro

Axios Macro

Housing, imports and consumers: 3 fresh reads on the economy

A line chart that tracks monthly year-over-year changes in the U.S. import price index for all imports and imports excluding fuels from January 2019 to June 2026. All imports fell to minus 6.8% in April 2020, peaked at 13% in March 2022, then reached 7.1% in June 2026.

Year-over-year change in U.S. import price index

Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios

China just erased America's AI lead

Read: Trump documents allege China election interference

Trump alleges vast conspiracy to commit and cover up election fraud

Back to World

The developments that matter out of Beijing.

China

China coverage from Axios

Israel

Ukraine

Iran

Russia

Conflicts, policies and powers are intersecting and shaping the world. Breaking news and analysis of national security, foreign policy and global crises.

World

topics

politics-policy

epstein-files

donald-trump

2026-midterm-elections

immigration

behind-the-curtain

race-and-equity

technology

privacy-tech-regulation

automation-and-ai

tiktok-news

big-tech

social-media

cybersecurity

economy

social-security

inflation

tariffs

federal-reserve

transportation

business

c-suite

retail-news

media

elon-musk

dealmaking

health

rfk-jr

drug-prices

axios-explains-abortion

public-health

world

israel

axios-explains-ukraine

iran

russia

china

energy-climate

nuclear-energy

climate-energy-policy

climate-change

extreme-weather

alternative-energy

electric-vehicles

science

emerging-tech

biomedicine

newsletters

charlotte

salt-lake-city

denver

fort-lauderdale

cincinnati

boulder

kansas-city

austin

chicago

dallas

detroit

atlanta

indianapolis

nashville

nw-arkansas

columbus

hollywood

north-of-cincy

washington-dc

richmond

san-francisco

boston

des-moines

houston

phoenix

miami

philadelphia

seattle

new-orleans

colorado-springs

huntsville

raleigh

san-antonio

twin-cities

pittsburgh

san-diego

tampa-bay

portland

cleveland

arapahoe

douglas

axios-local

axios-pro

axios-live

the-axios-show