China has two other aircraft carriers: the Liaoning, was refurbished from an unfinished Soviet ship that Ukraine inherited and later sold to China, while the second, the Shandong, was built in China based on the Liaoning's design.

Exports of cars, solar panels and batteries remain strong, but prices are falling because of factory overcapacity in China.

Nvidia Corp. Chief Executive Officer Jensen Huang said his company is effectively blocked from selling its AI chips into China for now, as Washington and Beijing each impose restrictions on its sales into the world’s largest semiconductor market.