Hilton Worldwide Holdings Inc. agrees to sell its most prestigious hotel, Manhattan’s Waldorf Astoria, for $1.95 billion to Chinese insurance company Anbang Insurance Group.
U.S. president Joe Biden, U.K. prime minister Boris Johnson, and Australian prime minister Scott Morrison announce the formation of a new security alliance, named AUKUS, aimed at countering China's growing influence in the Indo-Pacific region. They also announce, as part of the alliance's first initiative, the Royal Australian Navy will be acquiring nuclear-powered submarines.
China's National People's Congress passes the "decision on improving the electoral system of Hong Kong", which will rewrite the election rules in Hong Kong to ensure a system of "patriots governing Hong Kong". This is seen by many Western countries as further eroding the freedoms of the Hong Kong people.
The "chargé d'affaires" of the U.S. Embassy in Beijing, China, resigns following President Donald Trump's announcement he will withdraw the United States from the 2015 international Paris Agreement on climate change mitigation.