National

Axios AM

New Yorker: China races to own the industries of the future

Bessent sets stage for Xi visit in high-level China talk

Markets

Axios Markets

Iran war shows China's role in setting the price of oil

A line chart that tracks Chinaâs monthly crude oil imports, in millions of barrels per day, from January 2015 to June 2026. Imports range from 5.42 million in May 2015 to 13.06 million in December 2025. They generally rise through 2025, then fall to 7.06 million in June 2026.

Chinese crude oil imports

Data: China's General Administration of Customs; Chart: Matt Phillips/Axios

Investors cool on red-hot chip stocks

A line chart that tracks Sandisk Corporationâs daily stock price from Jan. 2 to July 28, 2026. The shares rose from $275.24 on Jan. 2 to a peak of $2,335 on June 25, then fell to $1,096.10 by July 28. Prices climbed sharply through spring, then turned volatile and downward in July.

Sandisk stock price

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

Tech Policy

Trump administration bans Chinese hardware with eye on AI race

White House draws new AI line on China

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

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

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