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☆ Xi Meets Blinken With Tough Issues on the Agenda
▼ + stars: | 2024-04-26 | by ( Ana Swanson | Vivian Wang | ) www.nytimes.com time to read: +1 min

Both China and the United States have said they were hoping for progress on a few smaller, pragmatic fronts, including improving communications between their militaries and easing travel between the countries. But they remain at a standstill on fundamental strategic issues, including trade policies and territorial conflicts in the South China Sea and over Taiwan. And with other disputes looming, both sides acknowledged the danger of the relationship sliding into further conflict. The Biden administration is deeply concerned that cheap Chinese exports are threatening U.S. jobs, and is worried about China’s support of Russia in the Ukrainian war. And China has accused the United States of working to encircle Chinese interests in the Pacific.

Persons: Antony J, Blinken, Xi Jinping, Biden Locations: Beijing, East Asia, East, Ukraine, China, United States, South, Taiwan, Russia, Pacific

☆ Blinken says U.S. and China must avoid miscalculations as Beijing warns against 'red lines'
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) shakes hands with China's Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)Secretary of State Antony Blinken on Friday emphasized the need for the U.S. and China to avoid "miscalculations" and "misunderstandings." Speaking in Beijing ahead of a closed-door meeting with Chinese Foreign Minister Wang Yi, Blinken said there is no substitute for "face-to-face diplomacy." Both sides need to make sure "that we're as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations," he told reporters. In his remarks, Wang told Blinken that U.S.-China relations are "beginning to stabilize" with increased dialogue and cooperation.

Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, Wang Yi, Blinken, Wang, Joe Biden, Xi Jinping, Xi —, — Biden Organizations: Central Foreign Affairs Commission, Getty Images, U.S, Foreign, Economic Cooperation Locations: Diaoyutai, Beijing, China, Washington, San Francisco, Asia, U.S

☆ Blinken tells CNN the US has seen evidence of China attempting to influence upcoming US elections
▼ + stars: | 2024-04-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Beijing CNN —US Secretary of State Antony Blinken said the US has seen evidence of Chinese attempts to “influence and arguably interfere” with the upcoming US elections, despite an earlier commitment from leader Xi Jinping not to do so. Then, Xi had pledged that that China would not do so, according to CNN reporting. The US believes that Chinese support is enabling Russia to ramp up production of tanks, munitions and armored vehicles – and to continue its onslaught on Ukraine. Instead, they characterized this as trade with Russia and said Moscow’s success didn’t depend on China, Blinken added. He also stressed the importance of such expression in democracies, without explicitly noting the lack of such freedoms in China.

Persons: Antony Blinken, Xi Jinping, Blinken, Kylie Atwood, Xi, Joe Biden, ” Blinken, Biden, —, Russia Blinken, Wang Yi, ”, who’ve, we’ve, it’s, that’s, Jennifer Hansler Organizations: Beijing CNN —, Moscow, CNN, Biden, Russia, “, Israel Locations: Beijing, China, American, San Francisco, Canada, Russia, Ukraine, Gaza, Iran, Israel, Palestinian, Saudi Arabia

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ 4 people who relocated and regretted it share the biggest mistake they made and what they learned
▼ + stars: | 2024-04-26 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

Another said they regretted underestimating the importance of living near their friends and family. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Business Insider spoke with four people who shared their biggest regret and what they learned from it. After two years in Colorado, Michiels and his family moved again — this time to Spain in 2023. The couple loved living in Denver and decided to buy their first house there after a year, but they were priced out of the city.

Persons: —, Amanda Loudin, Loudin, she'd, Wendy Wang, Wang, Eric Michiels, Michiels, he'd, Jackie Branholm, Branholm Organizations: Service, Denver Locations: Maryland, Boulder , Colorado, Boulder, Pennsylvania, Silicon Valley , California, California, Silicon Valley, Atlanta, Denver, Colorado, Spain, New York City, New York

☆ Choose between stability and ‘downward spiral’ China’s foreign minister tells Blinken during Beijing trip
▼ + stars: | 2024-04-25 | by ( Jennifer Hansler | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Beijing CNN —China and the US face a choice between stability and a “downward spiral,” Chinese Foreign Minister Wang Yi told counterpart Antony Blinken on Friday in Beijing, as the American diplomat kicked off a day of meetings with top Chinese officials. “Should China and the United States keep to the right direction of moving forward with stability or return to a downward spiral? Or engage in rivalry and confrontation – or even slide into conflict, which would be a lose-lose for all?” he said, speaking through an interpreter. Wang’s comments come as Chinese officials bristle at actions Washington has taken in the name of national security, which Beijing sees as meant to suppress its development. Officials from both nations suggested ahead of the trip that the visit would be focused on managing the relationship and communicating concerns.

Persons: Wang Yi, Antony Blinken, China –, ” Wang, Blinken, ”, Washington, Joe Biden, Wang, ” Blinken, Biden, Xi Jinping, White, China’s, “ Organizations: Beijing CNN —, Russia, Ukraine, Foreign Ministry, “, Communist Party, Taiwan Locations: Beijing, Beijing CNN — China, American, China, Russia, South, Taiwan, “, United States, Diaoyutai State, California, Moscow, Iran, East, Ukraine, Korean

Secretary of State Antony J. Blinken is meeting officials in China this week as disputes over wars, trade, technology and security are testing the two countries’ efforts to stabilize the relationship. China is courting foreign investment to help its sluggish economy. At the same time, its leader, Xi Jinping, has been bolstering national security and expanding China’s military footprint around Taiwan and the South China Sea in ways that have alarmed its neighbors. Mr. Biden and Mr. Xi have held talks to prevent their countries’ disputes from spiraling into conflict, after relations sank to their lowest point in decades last year. But an array of challenges could make steadying the relationship difficult.

Persons: Antony J, Blinken, Biden, Xi Jinping, Xi Locations: China, United States, Taiwan, South

☆ Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.

Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, “, ”, Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, “, Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing

☆ Analysis: China’s EV market reshaped by a brutal elimination round
▼ + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —A “life and death race” has begun to unfold in the world’s largest market for electric vehicles (EV). More than a dozen passenger carmakers disappeared from the market last year, according to statistics from the China Passenger Car Association. Too many playersOvercrowding is another major issue plaguing China’s EV industry. Last month, Xiaomi, a Chinese smartphone brand, launched its electric car, the SU7 sedan. “China’s EV industry has entered a stage of cyclical adjustment after two decades of growth,” he said at a forum in Beijing.

Persons: ”, Tesla, Mark Rainford, Richard Yu, Li Auto, “ They’re, Huawei’s Aito, Lei Jun, BYD, Rainford, Gan Jiayue, Wang Chuanfu, Yin Tongyue Organizations: Hong Kong CNN, Auto China, YouTube, China, “, National Development, Reform Commission, China Passenger Car Association, WM, Mitsubishi Motors, Honda, Hyundai, Ford, Huawei, EV, China Association of Auto Manufacturers, China’s EV, Li, Tesla, Porsche, Geely Auto, Meizu, Chery Auto, International Energy Agency Locations: China, Hong Kong, Beijing, Shanghai, oversupply, Meizu

☆ Blinken Goes to China With Potential Trouble on Horizon
▼ + stars: | 2024-04-24 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Secretary of State Antony J. Blinken will arrive in China on Wednesday to try to preserve the recent and delicate stabilization of ties between the United States and China, as tensions over trade, territorial disputes and national security threaten to derail relations again. Even as Mr. Blinken’s plane approached Shanghai, the challenges ahead were apparent. The political season in the United States also looms as a complication. With the presidential election nearing, Democrats and Republicans are vying to appear tougher on China. And if former President Donald Trump is re-elected, he could reverse Beijing’s and Washington’s efforts to steady the relationship.

Persons: Antony J, Blinken, Blinken’s, Biden, Donald Trump Organizations: U.S . Senate, Republicans, State Department Locations: China, United States, Shanghai, Taiwan, Beijing, Russia, South China

☆ The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says
▼ + stars: | 2024-04-23 | by ( Ella Sherman | ) www.businessinsider.com time to read: +4 min

A US defense official downplayed the threat of China's new Xi'an H-20 bomber. AdvertisementChina's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "not really" a concern. A B-2 Spirit takes off for Red Flag-Nellis 24-1 training at Nellis Air Force Base on Jan. 16. A former US Air Force commander said previously that it wasn't "anything to lose a lot of sleep over." The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.

Persons: —, it's, William Lewis, It's, Wang Wei, David Swanson, Northrop Grumman Organizations: Service, Breaking Defense, Flag, Nellis, Nellis Air Force Base, US Air Force, Liberation Army Air Force, Hong, Hong Kong Commercial Daily, China Aviation Industry Corporation, Northrop, Air Force, United States Air, REUTERS, Pentagon Locations: Xi'an, Jan, China, Hong Kong, Palmdale , California, U.S

German national Jian G, who worked for AfD MEP Maximilian Krah, was arrested by Saxony State criminal police in Dresden and had his residences searched, the prosecutor’s office said early Tuesday. The aide was later suspended by the European Parliament, a spokesman for the body told CNN. Prosecutors said he passed on information about “negotiations and decisions in the European Parliament” to China in January. The far-right AfD party has nine seats in the European Parliament, and is competing alongside Germany’s traditional parties in the European elections in June. The Federal Prosecutor’s Office said the homes and workplace of the trio were searched in Düsseldorf and Bad Homburg.

Persons: Jian G, Maximilian Krah, ”, Jens Schlueter, Jian, “, Krah, Nancy Faeser, Thomas R, – Herwig, Ina F, –, Wang Wenbin Organizations: CNN, Prosecutors, International Trade, Security, Defence, Foreign Trade, Federal Prosecutor’s Office, Ministry of State Security, ” Ministry of Foreign Affairs, Crown Prosecution Service Locations: China, Europe, Saxony, Dresden, Germany, United States, Bad Homburg

☆ The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
▼ + stars: | 2024-04-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US is drafting sanctions on Chinese lenders, The Wall Street Journal reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Previously, the threat of US secondary sanctions has already sparked a pullback in Chinese-Russian financial dealings, including restricted yuan payment transactions. New sanctions could go as far as cutting China from accessing the US dollar, the linchpin currency used in global trade.

Persons: —, hasn't, State Anthony Blinken, Wang Webin Organizations: Street Journal, Service, Lawmakers, Street, Center for Strategic, International, Washington, State, Reuters Locations: China, Russia, Washington, Beijing, Moscow, Ukraine, Russian, Western, Europe

☆ AUKUS won't spur a nuclear arms race in the region, says U.S. Under Secretary of State
▼ + stars: | 2024-04-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Tayfun Coskun | Anadolu Agency | Getty ImagesThe trilateral defense and security pact between the Australia, U.K., and U.S. — commonly referred to as AUKUS — is not going to trigger a nuclear arms race in the Indo-Pacific region, said the U.S. China responded at that time, warning of the danger of an arms race as well as nuclear proliferation. watch now"It's very important that countries understand that this is not to create a race — to create any kind of arms' races. Nuclear-powered submarines are allowed under the nuclear non-proliferation treaty and Australia is not going to become a nuclear weapons state," she added. China's responseChina reiterated its warning that Western powers in the AUKUS security pact are provoking division and risking nuclear proliferation in the South Pacific in its latest remarks.

Persons: Joe Biden, Rishi Sunak, Anthony Albanese, Tayfun, Bonnie Denise Jenkins, Jenkins, Wang Wenbin, presser Organizations: Naval Base Point, Anadolu Agency, Getty, U.S, for Arms Control, International Security, International Atomic Energy Agency, South Pacific, Pacific Nuclear, Foreign Locations: Australia, United Kingdom, United States, Naval Base Point Loma, San Diego , California, China, South

☆ Blinken to warn China over its support for Russia’s military during this week's visit
▼ + stars: | 2024-04-22 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) and China's Foreign Minister Qin Gang shake hands ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. U.S. Secretary of State Antony Blinken will warn China about its support for Russia's military during his visit to the country this week, according to a senior State Department official. Blinken is expected to convey Washington's "deep concerns" over China's aid for Russia's defense industrial base, during his three-day visit starting Wednesday. "And I think we've demonstrated our willingness to do so regarding firms from a number of countries, not just China," he added. During his visit to Beijing and Shanghai, Blinken is expected to meet senior Chinese officials, including Foreign Minister Wang Yi, according to the State Department.

Persons: Antony Blinken, Qin Gang, Blinken, We're, Wang Yi, Xi Jinping Organizations: China's Foreign, State Department Locations: Diaoyutai, Beijing, China, Ukraine, Europe, U.S, Shanghai, Blinken

☆ A 6-month Chinese-food festival is bringing authentic and flavor-packed cuisine to New York City's masses
▼ + stars: | 2024-04-22 | by ( Xintian Tina Wang | ) www.businessinsider.com time to read: +10 min

At New York's Dragon Festival, authentic Chinese brands and restaurants excite locals' taste buds. Its founder shared some of her favorite vendors of soup dumplings and candies at the opening event. "This doesn't taste like home," said Xu, a 31-year-old entrepreneur and the creator of New York City's Dragon Festival, the biggest Chinese-food festival in the metropolitan area. Jessie YuChen for BIChen said that confectioners in her home province of Fujian, China, caught her attention when she was younger. In 2006, inspired by the soup dumplings made popular by Shanghai's Nanxiang district, Ma opened his first New York City storefront.

Persons: —, Xu, Jessie YuChen, she's, Mila, Tang Hulu, I'm, Bu Tong, Ivy Chen, Dragon Lulu, Chen, Vivian Cao, confectioners, Emperor Guangzong, Michael Ma, Xiang Xiao Long Bao, Nan Xiang Xiao Long Bao, Ma, Nan, bartenders, Coco, Xibei Yang Organizations: Service, Park, Dragon, Prospect, lollipop, Michelin, Chi Forest, Haidilao, BI Locations: New York, SoHo, Chinatown, Flushing, York City, Koreatown, Union, Chelsea, Washington, Kwa, Henan, Queens, Prospect Park , Brooklyn, Beijing, Fujian, China, Shanghai, York, Nanxiang, New York City, Jiangsu, Zhejiang, Chi, Thai, Bangkok, Sichuan, Manhattan

☆ Taiwan to discuss new funding with U.S. as Chinese warplanes get close to island
▼ + stars: | 2024-04-21 | by ( ) www.cnbc.com time to read: +3 min

The United States is Taiwan's most important international supporter and arms supplier despite the absence of formal diplomatic ties. Democratically governed Taiwan has faced increased military pressure from China, which views the island as its own territory. Taiwan has previously reported Chinese military aircraft getting close to but not entering the contiguous zone. On Saturday, Taiwan's defence ministry said China had again carried out "joint combat readiness patrols" with Chinese warships and warplanes around Taiwan. China's defence ministry did not answer calls seeking comment outside of office hours on Sunday.

Persons: Ceng Shou Yi, Wang Ting Organizations: Getty, Taipei, U.S . House, Democratic Progressive Party Locations: China, Pingtung county, Taiwan, Taipei, Japan, Canada, India, Beijing, United States, Ukraine, Israel, U.S, Russian, Taiwan Strait, Taiwan's

☆ Nymphia Wind: Taiwan president sends congratulations for ‘RuPaul’s Drag Race’ win
▼ + stars: | 2024-04-21 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Taipei, Taiwan — Taiwan President Tsai Ing-wen on Saturday offered her congratulations to Taiwanese drag queen Nymphia Wind for winning “RuPaul’s Drag Race,” the first person from East Asia to take the crown. “Congratulations to you, Nymphia Wind, for being so accomplished in the difficult art form of drag, and for being the first Taiwanese to take the stage and win on ‘RuPaul’s Drag Race’,” Tsai wrote on Instagram in English. “Right after being crowned queen, you said ‘Taiwan, this is for you.’ Taiwan thanks you for living fearlessly.”Nymphia Wind and other drag queens prepare for a performance in Taipei on October 21, 2023. Stars from “Drag Race,” which has just ended its 16th season, also come to Taiwan to perform. Ann Wang/ReutersTaiwan’s openness on LGBTQ+ issues stands in marked contrast with its giant neighbor China, which claims the island as its own territory.

Persons: Tsai Ing, Tsai, ” Tsai, Ann Wang, Lai Ching, Taiwan’s Organizations: Democratic Progressive Party, DPP, Reuters, Pride Locations: Taipei, Taiwan, East Asia, Asia, East, China

☆ Cramer: The 'proximate cause' of Super Micro's 23% drop Friday? Go back to March 8
▼ + stars: | 2024-04-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?

Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan

☆ Armand Duplantis breaks pole vault world record for eighth time, soaring to 6.24 meters
▼ + stars: | 2024-04-20 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Sweden’s Armand Duplantis extended his dominant reign over the world of pole vaulting on Saturday, setting his eighth world record in the discipline at the season’s first Diamond League meeting in Xiamen, China. And, as the Paris Olympic Games creep ever closer, Duplantis has made it clear that he hasn’t yet reached his best level. Armand Duplantis set a new record of 6.24 meters. “I want to be dominant in the sport because I know that’s what I’m capable of, trying to win every competition and get the most out of myself at every meet that I’m at. In a closely fought women’s 200 meters, 19-year-old Torrie Lewis stunned the favorites to take her first Diamond League victory and announce her presence on the world stage.

Persons: CNN — Sweden’s Armand Duplantis, Duplantis, Armand Duplantis, Tingshu Wang, Reuters “, ”, CNN’s Amanda Davies, “, Christian Coleman, Fred Kerley, Jamaica’s Ackeem Blake, Torrie Lewis, Sha’Carri Richardson Organizations: CNN, Diamond League, Paris, Reuters Locations: Xiamen, China, US

☆ Here’s what marijuana researchers have to say about 420 or ‘weed day’
▼ + stars: | 2024-04-20 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +12 min

CNN —It’s 420 or “weed day,” and people around the world will be paying homage to their favorite guilty pleasure: marijuana. “I worry when people are in an enclosed space because new data is beginning to show that secondhand marijuana smoke may be just as dangerous as the primary smoke,” Page said. “Approximately 3 in 10 people who use marijuana have marijuana use disorder,” according to the US Centers for Disease Control and Prevention. In fact, some parents told doctors they believed vaping marijuana was safer than tobacco, Boyd told CNN earlier via email. A cloud of marijuana smoke rises as a clock hits 4:20 p.m. during the Mile High 420 Festival in Denver on "weed day" in 2022.

Persons: CNN —, Dr, Beth Cohen, Cohen, “, ”, Robert Page II, ” Page, Weed, It’s, ’ ” Carol Boyd, Ann Arbor, Peter Grinspoon, ” Young, Sam Wang, Boyd, Grinspoon, Patrick T, Fallon, Nixon, ” Boyd, ” Grinspoon, ’ ”, Page Organizations: CNN, District of Columbia, University of California, University of Colorado Skaggs School of Pharmacy, Pharmaceutical Sciences, Center, Drugs, University of Michigan, US Centers for Disease Control, Prevention, CDC, Massachusetts General Hospital, Marijuana, Children’s Hospital, Yale Medicine, Drug, University of Colorado’s, Getty, University of Mississippi, US Drug, Administration Locations: United States, San Francisco, Colorado, Aurora, Ann, Boston, Children’s Hospital Colorado, Denver, AFP

☆ Blinken will travel to China amid concerns of global issues
▼ + stars: | 2024-04-20 | by ( Jennifer Hansler | Kylie Atwood | ) edition.cnn.com time to read: +3 min

Blinken will meet with senior Chinese officials in both Shanghai and Beijing during his April 24-26 visit, the official said. The official said Blinken has “three primary objectives for his trip to China.”“First, making progress on key issues; second, clearly and directly communicating concerns on bilateral regional and global issues; and third, responsibly managing competition,” the official said. Blinken, he continued, “will also reaffirm the importance of peace and stability across the Taiwan Strait.”During Blinken’s trip to China last June, he met in Beijing with top officials, including President Xi Jinping. The call came amid heavy global turbulence — the ongoing wars in Gaza and Ukraine, as well as North Korea’s nuclear capabilities, were topics of discussion. The two also spoke about issues that have strained the Washington-Beijing relationship, including Taiwan, China’s recent provocations in the South China Sea and Beijing’s human rights abuses.

Persons: Antony Blinken, Joe Biden, Xi, “, ”, Blinken, Xi Jinping, Wang Yi, MJ Lee, Donald Judd Organizations: CNN, Biden, Russia, State Department, US Locations: China, Washington, Beijing, American, Shanghai, Iran, Israel, South China, ”, Taiwan Strait, Gaza, Ukraine, Taiwan, South

☆ Huawei just gave Tim Cook a new headache in China
▼ + stars: | 2024-04-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

AdvertisementTim Cook would like you to think everything is going swimmingly for Apple in China. It's already won over some consumers since launching the Mate 60 Pro series last year. The Huawei Mate 60 rivals the latest iPhone. They expect another decline in iPhone sales in the region in Apple's quarterly earnings on May 2. Cook might be putting on a brave face, but iPhone sales in China may keep sliding if Huawei has its way.

Persons: —, Tim Cook, Cook, there's, It's, They're, Wang Gang, Ivan Lam, Apple Organizations: Apple, Huawei, Service, Bund, Counterpoint Research, Publishing, Washington, Reuters Locations: China, Shanghai's Jing'an, Cook, iPhones, Greater China

☆ China’s growing love of luxury watches remains strong, despite economic headwinds
▼ + stars: | 2024-04-19 | by ( Leona Liu | ) edition.cnn.com time to read: +9 min

Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.

Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, ”, Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, “ Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, “, Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, “, Asia — China, Guadalupe, Swiss, watchmaking

☆ German cars are the best in the world, its finance minister insists: 'They do not have to fear Chinese competition'
▼ + stars: | 2024-04-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC. "German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said. Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months. This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.

Persons: Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz Organizations: Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters Locations: China, Washington ,, Europe, U.S, EVs, EU

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