The drills began 11 days after the U.S. announced a record $11.1 billion arms package to Taiwan and are Beijing's largest exercises to date by area and the closest yet to the island.

Elon Musk warned that China's new silver export restrictions could hurt industries using the metal as an input with the precious metal's prices hit record highs.

By some measures, China's economy is looking resilient, with strong exports and breakthroughs in artificial intelligence.

Novo Nordisk and Eli Lilly are lowering prices of their top-selling obesity drugs Wegovy and Mounjaro in China, according to the Danish drugmaker and Chinese drug suppliers.

Meta said it is acquiring Manus and its autonomous AI agent technology. The social media giant said the move will fully cut Manus ties with China.

The draft regulations are aimed to address concerns around chatbots, which have surged in popularity in recent months.

With the year coming to a close, we're sharing our most popular Planet Money bonus episode of 2025! As U.S. trade with China exploded in the early 2000's, American manufacturing began to shrivel. Those workers struggled to adapt and find new jobs.