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“China is now simply too large for the rest of the world to absorb this enormous capacity,” Yellen told reporters Monday. US intelligence has warned that China is providing technology and equipment to Russia that is important to Moscow’s war in Ukraine. During her last visit to Beijing, Yellen dramatically boosted business for a Yunnan restaurant chain and its mushroom dish after her delegation was spotted dining there. “As a US official, Yellen needs to know more about China than just its food. Only by understanding China better, can she correct the US worldview and its views of China and China-US relations.”
Persons: Janet Yellen, Yellen, Joe Biden, Xi Jinping, , China Nicholas Burns, Pedro Pardo, Li Qiang, ” Yellen, Li, Biden, , Mao Ning, Xi, CNN’s Marc Stewart, we’ve, Andy Wong, “ Yellen, Tao Tao Organizations: Hong Kong CNN, Russia, China's, Getty, Vice, Foreign Ministry, Treasury Department ., Ukraine, China’s, Ministry, Locations: China, Hong Kong, Guangzhou, Beijing, United States, AFP, Washington, Xinhua, Russia, Ukraine, Treasury Department . China, San Fransisco, , Yunnan, Weibo
Ambassador to China Nicholas Burns (R) receive U.S. Treasury Secretary Janet Yellen (R) upon her arrival in Guangzhou on April 4, 2024. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen kicked off her first full day of official meetings in China with discussion about overcapacity concerns and encouragement to pursue market-oriented reforms. It is her second trip to China as Treasury secretary. China's growth potentialGuangdong is one of the largest contributors to China's economic growth and home to the city of Shenzhen, a major hub for tech companies and startups. "In recent decades, [Guangzhou] was at the forefront of market-oriented reforms that advanced China's economic development and openness," Yellen said in prepared remarks for her meeting with Wang.
Persons: Liao Min, China Nicholas Burns, Janet Yellen, Pedro Pardo, Yellen, Wang Weizhong, Wang, I've, Nicholas R, Lardy Organizations: Finance, U.S, Treasury, Afp, Getty, Peterson Institute for International Economics, Foreign Affairs Locations: China, Guangzhou, BEIJING, U.S, Beijing, Guangdong province, United States, Guangdong, Shenzhen, Asia
3 things rattling markets this week
  + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.
Persons: New York CNN — Stocks, , , Brent Schutte, Jerome Powell, , Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, , Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China
Washington CNN —Microsoft committed a “cascade” of “avoidable errors” that allowed Chinese hackers to breach the tech giant’s network and later the email accounts of senior US officials last year, including the secretary of commerce, a scathing US government-backed review of the incident has found. In particular, the review board faulted Microsoft (MSFT) for not adequately protecting a sensitive cryptographic key that allowed the hackers to remotely sign into their targets’ Outlook accounts by forging credentials. The hackers downloaded about 60,000 emails from the State Department alone, department spokesman Matthew Miller has said. Microsoft has “mobilized our engineering teams to identify and mitigate legacy infrastructure, improve processes, and enforce security benchmarks,” the statement continued. Russian hackers allegedly infiltrated software made by US firm SolarWinds to steal emails from US government agencies in 2020.
Persons: , Joe Biden, , China Nicholas Burns, Antony Blinken, Matthew Miller, Gina Raimondo, Raimondo, Cory Simpson, ” Simpson Organizations: Washington CNN, Microsoft, US, Department of Homeland Security, CNN, State Department, Institute, Infrastructure Technology Locations: Washington, China, Russia
The US ambassador to China, Nicholas Burns, said that China is torn between seeking foreign investment and its desire to control data about its businesses and citizens. US Ambassador to China Nicholas Burns attends a climate roundtable at the US embassy on July 8, 2023 in Beijing, China. Advertisement"You know, I think they want to control data about the Chinese people, about Chinese companies. And so, that I think is at the heart of the problem with those American companies operating in that sphere," said Burns. But on the other hand, they've raided six or seven American businesses since last March," said Burns.
Persons: , Nicholas Burns, Lesley Stahl, Burns, China Nicholas Burns, Mintz, Xi Jinping, Joe Biden, Xi, they've Organizations: Service, Getty, Bain & Co, APEC Locations: China, Beijing, Chinese, San Francisco
Democratic Senator Ben Cardin wrote to Biden to push for immediate freedom for Mark Swidan, Kai Li and David Lin, whom the U.S. government has classified as wrongfully detained in China. Families of Americans the U.S. government has classified as wrongfully detained in China have also repeatedly urged the government to prioritize the release of their loved ones in talks with Chinese officials. Ambassador to China Nicholas Burns about her son Mark over the weekend, but called the conversation "disappointing" because Burns would not say whether Biden would raise Mark’s name with Xi. A State Department spokesperson commented that the department has no greater priority than the safety and security of U.S. citizens and noted that it continually raises wrongfully detained U.S. nationals during engagements with senior Chinese officials. Reporting by Patricia Zengerle and Michael Martina; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Ben Cardin, Craig Hudson, Joe Biden, Xi Jinping, Biden, Mark Swidan, Kai Li, David Lin, Xi, Cardin, Katherine Swidan, China Nicholas Burns, Mark, Burns, Patricia Zengerle, Michael Martina, Stephen Coates Organizations: Senate Foreign, U.S, Capitol, REUTERS, Rights, U.S . Senate Foreign, Reuters, Democratic, Economic Cooperation, State, Thomson Locations: Washington , U.S, China, Asia, San Francisco, United, United States, U.S
[1/7] Chinese President Xi Jinping arrives at San Francisco International Airport to attend the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 14, 2023. He is due to meet U.S. President Joe Biden at an undisclosed location in the San Francisco Bay Area on Wednesday morning and then attend the annual summit of the Asia Pacific Economic Cooperation (APEC) forum. U.S. Trade Representative Katherine Tai, who with Blinken opened the APEC ministerial session, said the San Francisco meeting came at a time of "great uncertainty and challenges" for the region. As Biden arrived in San Francisco, shortly before Xi was due to land, dueling demonstrators greeted the U.S. president's motorcade from the airport. Earlier on Tuesday, a small aircraft flew circles over the APEC summit venue in downtown San Francisco, trailing a banner that read "END CCP FREE CHINA FREE HK FREE TIBET FREE UIGHUR," referring to China's treatment of Uyghurs, which the Biden administration calls "genocide."
Persons: Xi Jinping, Brittany Hosea, Antony Blinken, Xi, Joe Biden, Biden, Janet Yellen, China Nicholas Burns, Blinken, Katherine Tai, John Kirby, Nancy Pelosi, Michael Martina, Ann Saphir, David Brunnstrom, Trevor Hunnicutt, David Lawder, Chris Reese, Josie Kao Organizations: San Francisco International Airport, APEC, Economic Cooperation, REUTERS, FRANCISCO, U.S, San Francisco Bay Area, Asia Pacific Economic Cooperation, Air China, . Trade, San, White House, Biden, China, Chinese Communist Party, Thomson Locations: Asia, San Francisco , California, U.S, United States, Beijing, San Francisco Bay, Air, China, Washington, San Francisco, Israel, Gaza, Ukraine, Taiwan, Tibet, Hong Kong, CHINA, TIBET
SHANGHAI, China (AP) — American Ballet Theatre returned to China on Thursday for the first time in a decade in the latest sign that strained U.S.-China relations are beginning to improve. The tour marks a revival of cultural exchanges between China and the United States. She said cultural exchanges between the U.S. and China “are very necessary" at this time. Ambassador to China Nicholas Burns said Monday during an event celebrating American World War II veterans who helped China battle Japan. But the two peoples of the countries have always been together.”The ABT last performed in China in March 2013 in Beijing.
Persons: , Susan Jaffe, ABT, Giselle, , Jaffe, , Zhang Xiaoding, Zhu Xiaoyi, Joe Biden, Xi Jinping, China Nicholas Burns, ” Burns, Dwight Eisenhower’s, ___ Mistreanu, Caroline Chen Organizations: Ballet Theatre, Shanghai, Theater, Philadelphia Orchestra, National Center, Performing Arts, Shanghai Grand Theatre, U.S, Economic Cooperation, U.S ., Soviet Union Locations: SHANGHAI, China, U.S, New York, United States, Shanghai, Beijing, , Washington, Asia, San Francisco . China, Ukraine, Japan, American, Taipei, Taiwan
WASHINGTON (AP) — An Army private who fled to North Korea before being returned home to the United States last month has been detained by the U.S. military, two officials said Thursday night, and is facing charges including desertion and possessing sexual images of a child. Political Cartoons View All 1211 ImagesOne week later, King, 23, ran across the heavily fortified border from South Korea and became the first American detained in North Korea in nearly five years. Officials said King was taken to the airport and escorted as far as customs. His release from North Korea was aided by Swedish officials who took King to the Chinese border, where he was met by U.S. By declaring King a deserter, the Army would have to conclude that King left and intended to stay away permanently.
Persons: Travis King, King's, Claudine Gates, , , King, China Nicholas Burns, Fort Sam Houston, Sean Timmons, Snapchat, ” Timmons, Tara Copp Organizations: WASHINGTON, , Army, U.S ., Associated Press, Air Force, U.S, . Defense Department, Brooke Army Medical, Fort Locations: North Korea, United States, South Korea, Fort Bliss , Texas, Korean, Panmunjom, Pyongyang, Texas, China, Swedish, U.S, Fort Sam, San Antonio, Korea, Tully, Washington
CNN —The Chinese hackers who breached multiple US government agencies in May stole some 60,000 emails from senior State Department officials, including information on officials’ travel itineraries, a Senate staffer briefed on the matter told CNN. The hackers were also able to access a list of every State Department email address, according to the Senate staffer. That kind of reconnaissance could be useful information for any follow-on hacking efforts aimed at the State Department. At a press briefing Thursday, State Department spokesperson Matthew Miller confirmed that the hackers accessed about 60,000 State Department emails. “[T]his was a hack of Microsoft systems that the State Department uncovered and notified Microsoft about,” Miller told reporters.
Persons: Antony Blinken, Republican Sen, Eric Schmitt of Missouri, Matthew Miller, ” Miller, China Nicholas Burns, Gina Raimondo, Daniel Kritenbrink, Don Bacon of Nebraska, Schmitt, , ” Schmitt Organizations: CNN, State Department, Republican, State Department IT, State, Department, Microsoft, The State Department, Biden, East Locations: Pacific, China, East Asia, Blinken
CNN —The Chinese hackers who breached senior US officials’ emails in May and June were able to do so by first stealing sensitive data from a Microsoft engineer, the company revealed Wednesday. Multiple mishaps, including the crash of an internal Microsoft system in April 2021 and the hack of the engineer, gave the Chinese hackers coveted access to a cryptographic key that was later used to break into the US officials’ email accounts, the tech giant said in a blog post. The hackers had breached the email accounts of US Ambassador to China Nicholas Burns and Commerce Secretary Gina Raimondo, in advance of Raimondo’s trip to China. Microsoft has been under scrutiny from US lawmakers and officials who have demanded more information on how the alleged Chinese hackers broke into the email accounts. As CNN previously reported, the Biden administration believes the Chinese hacking gave Beijing insights about US thinking ahead of Blinken’s trip.
Persons: China Nicholas Burns, Gina Raimondo, Don Bacon of Nebraska, Antony Blinken, Biden, Rob Joyce, ” Joyce, , Organizations: CNN, Microsoft, Republican, Department of Homeland Security, State Department, National Security Agency Locations: Washington, China, Beijing
REUTERS/Kacper Pempel/Illustration Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of a Microsoft engineer's corporate account, Microsoft Corp (MSFT.O) said in a blog post on Wednesday. Microsoft said the engineer's account had been penetrated by a hacking group it dubs Storm-0558, which is alleged to have stolen hundreds of thousands of emails from top American officials including Commerce Secretary Gina Raimondo, U.S. Microsoft said it had fixed the flaws that led to the key being accessible from the unidentified engineer's account which gave the hackers such wide latitude to steal emails. A Microsoft representative said the engineer's account had been hit using "token-stealing malware" but did not provide further detail about the incident or its timing. Beijing has previously described the allegation that it stole emails from top U.S. officials as "groundless narratives."
Persons: Kacper, Gina Raimondo, China Nicholas Burns, East Asia Daniel Kritenbrink, Raphael Satter, Jonathan Oatis, Sandra Maler, David Gregorio Our Organizations: REUTERS, Rights, U.S . State, Commerce, Microsoft, Microsoft Corp, State, East Asia, Embassy, Thomson Locations: China, Washington, Beijing
[1/3] U.S. Commerce Secretary Gina Raimondo, is escorted by officials as she tours the Shanghai Disneyland in Shanghai, China, Wednesday, Aug. 30, 2023. After a four-day visit largely filled with long sessions in rooms with Chinese government officials, Raimondo got a quick tour of the Disney park. Ambassador to China Nicholas Burns, confessed she had never before been to a Disney park but said she had seen all of the animated Disney movies. Disney has emphasized its Chinese links since Shanghai Disneyland - a joint venture with state-owned Shendi Group - opened in 2016. Raimondo has said that boosting tourism between the two countries was one objective of her visit to China.
Persons: Gina Raimondo, Andy Wong, Raimondo, " Raimondo, China Nicholas Burns, Taylor Swift, Wolfgang Puck, Mickey Mouse, David Shepardson, Angus MacSwan Organizations: . Commerce, Shanghai, REUTERS Acquire, Rights, Boeing, Disney, U.S, Shendi, New York University, Thomson Locations: Shanghai, China, Disney
BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export controls and tourism. In her two days in Beijing, Raimondo met with Premier Li Qiang, Vice Premier He Lifeng, Commerce Minister Wang Wentao and Minister of Culture and Tourism Hu Heping. Here's what they agreed to do, according to public announcements:Establish a commercial issues working group between the commerce departments — meet twice a year at the vice minister level, and once at the minister level. Launch export control enforcement information exchange — first in-person meeting held at the assistant secretary level at the Ministry of Commerce in Beijing on Tuesday. He noted that in his first 15 months in China as ambassador, there were no U.S. discussions at a senior level with Chinese officials.
Persons: Gina Raimondo, Raimondo, Li Qiang, Wang Wentao, Hu, Wang, China Nicholas Burns Organizations: Commerce, of, People, BEIJING — U.S . Commerce, Culture, , Ministry of Commerce, U.S . Tourism Leadership, U.S Locations: Beijing, BEIJING — U.S, Shanghai, U.S, China
[1/4] U.S. Commerce Secretary Gina Raimondo, shakes hands with Lin Feng, Director General of China Ministry of Commerce as U.S. Republicans in Congress have criticized the possibilityRaimondo will establish a working group with China during the visit to discuss U.S. semiconductor export controls. China's ambassador to the United States, Xie Feng, who met Raimondo last week, said China seeks "mutual respect, peaceful coexistence and win-win cooperation". 'MANY CHALLENGES'Raimondo, the fourth high-level U.S. official to visit China recently, is the first commerce secretary to make the trip in seven years. China and the United States agreed this month to double the number of flights permitted between them - still a fraction of the number before the pandemic.
Persons: Gina Raimondo, Lin Feng, China Nick Burns, Andy Wong, Raimondo, I'm, Mintz, " Raimondo, China Nicholas Burns, Joe Biden, Xie Feng, Wendy Cutler, Xi Jinping, Walt Disney, David Shepardson, Michael Martina, Robert Birsel, Bill Berkrot Organizations: . Commerce, China Ministry of Commerce, Beijing Capital International Airport, REUTERS Acquire, Rights, Micron Technology, U.S, Chinese Commerce Ministry, Republicans, Asia Society Policy Institute, United, Walt, Shendi Group, Reuters, Boeing, Thomson Locations: China, Beijing, Rights BEIJING, United States, Shanghai, America, U.S, Washington
/U.S House of Representatives/Handout via REUTERS /File PhotoWASHINGTON, Aug 15 (Reuters) - Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese Communist Party had access to his accounts for about a month ending on June 16, he said on social media platform X, formerly known as Twitter. CNN previously reported that email accounts in the House of Representatives were targeted as part of the same campaign. The Chinese Embassy in Washington did not immediately respond to a message seeking comment. Reporting by Christopher Bing and Raphael Satter; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Don Bacon of Nebraska, Don Bacon, Bacon, Gina Raimondo, China Nicholas Burns, Christopher Bing, Raphael Satter, Devika Organizations: Republican U.S . Rep, U.S . House, REUTERS, Nebraska Republican, FBI, Chinese Communist Party, Twitter, Microsoft, U.S, U.S . Commerce, CNN, Communist, Embassy, Air Force, House Armed Services Committee, Thomson Locations: Nebraska, China, Washington
CNN —US officials are searching for Chinese malware hidden in various defense systems that could disrupt military communications and resupply operations, The New York Times reported Saturday. The administration believes malicious computer code has been hidden inside “networks controlling power grids, communications systems and water supplies that feed military bases,” officials told the Times. The discovery has heightened concerns that hackers could “disrupt US military operations in the event of a conflict,” according to the Times. One congressional official told the newspaper that the malware was “a ticking time bomb” that could allow China to cut off power, water and communications to military bases, slowing deployments and resupply operations. Because military bases often share the same supply infrastructure as civilian homes and businesses, many other Americans could also be affected, officials told the Times.
Persons: China Nicholas Burns, Biden, , Antony Blinken’s, Blinken Organizations: CNN, New York Times, Times, Microsoft, White House, State Department, Department of Commerce, FBI Locations: Taiwan, China, Beijing, Indonesia
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rice prices riseWhether your carbohydrate of choice is rice, bread or noodles, expect to pay more for it. Global rice prices are already at a record high because of shortages. Morgan Stanley picks a list of global stocks it thinks will beat the market — and are priced less than the bank thinks they're worth.
Persons: Dow, Elon Musk, China Nicholas Burns, Daniel Kritenbrink, Gina Raimondo, Morgan Stanley Organizations: CNBC, Dow outperforms, Dow Jones, Nikkei, Initiative, Elon, SpaceX, Twitter, The Boring Company, NBC News, State, Commerce, Global Locations: Dow outperforms U.S, Asia, Pacific, India, Russia, China, East Asia
(Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)China-linked hackers breached the email account of U.S. The hackers also accessed the email account of Daniel Kritenbrink, the assistant Secretary of State for East Asia, who recently travelled with Secretary of State Antony Blinken to China, said NBC, citing two U.S. officials familiar with the matter. CNBC reached out to China's Foreign Ministry for comment but has yet to hear back. The beach was limited to the diplomats' unclassified email accounts, NBC said adding that Secretary of Commerce Gina Raimondo's email account was also accessed in the breach, as previously reported. The news, first reported by the Wall Street Journal, further fuels the fallout for the U.S. of the alleged Chinese hack first revealed last week.
Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, China Nicholas Burns, Daniel Kritenbrink, Commerce Gina Raimondo's Organizations: Central Foreign Affairs Commission, Getty Images, NBC News, State, NBC, CNBC, China's Foreign, Commerce, Wall Street Journal, U.S Locations: Diaoyutai, Beijing, China, East Asia
July 21 (Reuters) - Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. The Chinese authorities said it was not aware of such hacking and described the accusations as baseless. Palo Alto Networks, a U.S. cybersecurity firm, said its research showed BackdoorDiplomacy had links to the Chinese state and was part of the APT15 hacking group. The Chinese authorities have described such reports as "groundless accusations." APT 27Western intelligence agencies and cybersecurity researchers say Chinese hacking team APT 27 is sponsored by the state and has launched multiple attacks on Western and Taiwanese government agencies.
Persons: Gina Raimondo, China Nicholas Burns, Daniel Kritenbrink, BackdoorDiplomacy, TeamT5, Nancy Pelosi, Pelosi, Mandiant, Fanny Potkin, John Geddie, Jamie Freed Organizations: Microsoft, . Commerce, Wall, Storm, Reuters, Alto Networks, APT, U.S Department Justice, U.S, Thomson Locations: China, Beijing, U.S, East Asia, Washington, Western, Taiwan, Japan, South Korea, United States, Hong Kong
CNN —China-based hackers breached the email account of US Ambassador to China Nicholas Burns as part of a recent targeted intelligence-gathering campaign, three US officials familiar with the matter told CNN. Blinken raised the issue of the hacking incident in a meeting with top Chinese diplomat Wang Yi last week, a senior State Department official said. A State Department analyst in mid-June noticed unusual cyber activity on the department’s computer systems and alerted Microsoft to the issue, according to multiple sources. Eric Goldstein, a senior CISA official, told CNN he fielded calls about the hack while on a weekend getaway out of Washington with his children. CISA’s engineers used a simulation lab to test different theories of how the hackers might have gotten into the State Department email accounts, he told CNN.
Persons: China Nicholas Burns, Daniel Kritenbrink, Antony Blinken, Gina Raimondo, Biden, Blinken, Wang Yi, Burns, , ” Blinken, Washington, Eric Goldstein, , Goldstein Organizations: CNN, State, Wall Street, FBI, State Department, Microsoft, Infrastructure Security Agency Locations: China, East Asia, Beijing, Blinken’s, United, Jakarta, Indonesia, Washington
[1/2] U.S. climate envoy John Kerry, at right walks next to U.S. Ambassador to China Nicholas Burns as they arrive for meetings at the Great Hall of the People in Beijing, Wednesday, July 19, 2023. Ng Han Guan/Pool via REUTERSBEIJING, July 19 (Reuters) - Climate change is a "universal threat" that should be handled separately from broader diplomatic issues, U.S. climate envoy John Kerry told Chinese Vice-President Han Zheng on Wednesday after two days of what he called constructive but complex talks. Acknowledging the diplomatic difficulties between the two sides in recent years, Kerry said climate should be treated as a "free-standing" challenge that requires the collective efforts of the world's largest economies to resolve. Kerry told reporters earlier that his talks with Chinese officials this week have been constructive but complicated, with the two sides still dealing with political "externalities", including Taiwan.
Persons: John Kerry, China Nicholas Burns, Ng Han Guan, Han Zheng, Kerry, Wang Yi, Premier Li Qiang, Xie Zhenhua, Han, Nancy Pelosi, It's, Valerie Volcovici, David Stanway, Stephen Coates Organizations: of, People, REUTERS, Premier, . House, Thomson Locations: U.S, China, Beijing, REUTERS BEIJING, Europe, Asia, United States, Dubai, Paris, Taiwan
Beijing/Hong Kong CNN —US Treasury Secretary Janet Yellen urged China on Saturday to combat the “existential threat” of climate change by supporting international funds intended to help developing countries confront the crisis. On the second full day of her visit to Beijing, Yellen said the United States and China should work together to tackle global challenges despite differences over a range of issues. Yellen said China’s support for existing multilateral climate institutions like the Green Climate Fund (GCF) and the Climate Investment Funds, alongside the United States and other partners, could improve their impact. The GCF is the main climate financing mechanism of the United Nations and helps developing countries to tackle climate change. Kerry would be the third Cabinet official from the Biden administration to travel to China, after Yellen and Secretary of State Antony Blinken, who visited in June.
Persons: Janet Yellen, Yellen, , , Joe Biden, Nancy Pelosi’s, China Nicholas Burns, John Kerry, Kerry, Biden, Antony Blinken Organizations: Hong Kong CNN, Climate, United Nations, Amazon Fund, US, Yellen Locations: Beijing, Hong Kong, China, United States, Taiwan
Beijing/Hong Kong CNN —The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world’s two largest economies. But I expect that this trip will help build a resilient and productive channel of communication,” Yellen told a news conference in Beijing. “China believes that generalizing national security is not conducive to normal economic and trade exchanges,” it said. Yellen said she discussed with Chinese officials areas of cooperation on global challenges, including working together to mobilize multilateral financing for climate action. US climate envoy John Kerry is expected to visit China next, according to US Ambassador to China Nicholas Burns, though he did not provide a timetable for the trip.
Persons: Janet Yellen, Yellen, Li Qiang, Pan Gongsheng, ” Yellen, , Thomas Peter, , , Biden, That’s, John Kerry, China Nicholas Burns Organizations: Hong Kong CNN, Communist Party, Washington, Sunday, Reuters, US, China’s, Xinhua, China, Bain & Company, Group, Street, Politico, Ukraine Locations: Beijing, Hong Kong, United States, China, , Japan, Netherlands, decouple, Shanghai, American,
U.S. Treasury Secretary Janet Yellen (R) shakes hands with U.S. BEIJING — U.S. Treasury Secretary Janet Yellen said Friday she is "concerned" about the export controls China announced this week. "I am also concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors," Yellen said in prepared remarks for a meeting with U.S. businesses in Beijing. The Biden administration has announced measures aimed at bolstering American tech capabilities and limiting China's access to advanced tech. Those include sweeping export controls that took effect in October and restrict the ability of U.S. businesses to sell certain advanced computing semiconductors or related manufacturing equipment to China.
Persons: Janet Yellen, China Nicholas Burns, Yang Yingming, Yellen, Biden Organizations: Treasury, U.S, Department of International Economic Relations, China's Ministry of Finance, China, China's Ministry of Commerce Locations: China, Beijing, BEIJING — U.S
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