The problem is that China, whose ambitions in cutting-edge chips have been stymied by U.S. and European export controls, is pouring capital into legacy chip making on a breathtaking scale.

SHANGHAI/BEIJING--Heatwaves in northern and central China drove up electricity demand to record levels as millions switched on air conditioners to escape the sweltering conditions, while ...

Can you imagine Happy Valley as a muddy swamp? A long time ago, it was known as Wong Nai Chung Valley, which translates to “yellow mud stream”. It had no racecourse, and it was not a nice area ...