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China's bitcoin miners could be headed to Texas
  + stars: | 2021-06-15 | by ( Mackenzie Sigalos | ) www.nbcnews.com + 0.00   time to read: +11 min
China has long been home to more than half the world’s bitcoin miners, but now, Beijing wants them out ASAP. Sichuan and Yunnan’s hydropower make them renewable energy meccas, while Xinjiang and Inner Mongolia are home to many of China’s coal plants. After failing to meet Beijing’s climate targets, province leaders decided to give bitcoin miners two months to clear out, explicitly blaming its energy misses on crypto mines. Answering the Musk critiqueTesla CEO Elon Musk has bashed bitcoin mining, claiming that it is bad for the environment. The dominant narrative, to date, has been that much of the world’s bitcoin is mined with Chinese goal.
Persons: , Brandon Arvanaghi, Greg Abbott, Nic Carter, it’s, Carter, hasn’t, Alejandro De La Torre, De La Torre, Steve Barbour, Didar Bekbauov, Xive, he’s, ” Bekbauov, “ It’s, Elon Musk, , Adam Back, You’re Organizations: Mining, Ventures, Miners, Upstream, , CNBC, bitcoin, Lazard Locations: China, Beijing, Texas, United States, Xinjiang, Inner Mongolia, Sichuan, Yunnan, hashrate, Hong Kong, Canada, Central Asia, Eastern Europe, U.S, Northern Europe, Kazakhstan, North America, “ Texas, ” Wyoming,
China accused NATO of slander on Tuesday, and warned the alliance to “stop hyping up” the threat it poses after the summit’s communique took a tough line on Beijing. It noted that China is expanding its nuclear arsenal and military cooperation with Russia. Biden has urged world leaders during his trip to Europe to increase their pressure on China. China views Taiwan as an inseparable part of its sovereign territory and has tightened its grip on Hong Kong over the last year. NATO leaders in their communique also called out Russia and said that its “aggressive actions constitute a threat to Euro-Atlantic security.” It mentioned Russia’s war games near the borders of NATO countries as well as the repeated violation NATO nations’ airspace by Russian planes.
Persons: , , Joe Biden’s, , Biden, ” Biden, Vladimir Putin, Putin, cybercrime Organizations: Union, NATO, Atlantic Treaty Organization, Soviet Union, China Daily, NBC, Russian, NBC News, U.S Locations: China, NATO, Beijing, Brussels, Russia, Soviet, Europe, Xinjiang, Hong Kong, Taiwan Strait, Taiwan, London, Geneva, U.S
Hong Kong stocks fall as Sino-West tensions weigh
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +2 min
** At the close of trade, the Hang Seng index was down 203.60 points, or 0.71%, at 28,638.53. The Hang Seng China Enterprises index fell 0.76% to 10,668.93. ** The sub-index of the Hang Seng tracking energy shares dipped 1.5%, while the IT sector dipped 0.08%, the financial sector ended 1.18% lower and the property sector dipped 1.21%. ** China’s main Shanghai Composite index closed down 0.92% at 3,556.56 points, while the blue-chip CSI300 index ended down 1.11%. ** Around the region, MSCI’s Asia ex-Japan stock index was firmer by 0.02%, while Japan’s Nikkei index closed up 0.96%.
Persons: , Joe Biden’s, Donald Trump, Aditya Soni Organizations: HK, Shanghai, West, Seng China Enterprises, Geely Automobile Holdings Ltd, Techtronic Industries Co Ltd, Sunday, Nikkei Locations: Shanghai, China, SHANGHAI, Hong Kong, Beijing, Xinjiang, Taiwan, Asia, Japan
China stocks end lower as Sino-West tensions weigh
  + stars: | 2021-06-15 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
SHANGHAI, June 15 (Reuters) - China stocks ended lower on Tuesday, as tensions between Beijing and the West soured investor sentiment after G7 leaders took the Asian nation to task over a range of issues, which China called a gross interference in the country’s internal affairs. ** The blue-chip CSI300 index ended 1.1% lower at 5,166.56, while the Shanghai Composite Index slipped 0.9% to 3,556.56. ** NATO leaders warned on Monday that China presents “systemic challenges,” taking a forceful stance towards Beijing in a communique at U.S. President Joe Biden’s first summit with an alliance that former president Donald Trump openly disparaged. ** Among the worst performing sectors, the CSI300 Real Estate Index and the CSI A-share resource industries slumped 2.5% and 2.6%, respectively. ** Shares of developers retreated after state media warned speculators that China’s housing prices would inevitably enter a cycle of slow growth.
Persons: , Joe Biden’s, Donald Trump, Xi Jinping’s Organizations: West, Sunday, Beijing, CSI, China Real Estate Business, Stock Connect, CITIC Securities Locations: SHANGHAI, China, Beijing, Shanghai, Xinjiang, Hong Kong, Taiwan
China urges NATO to stop exaggerating 'China threat theory'
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -0.92   time to read: +1 min
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File PhotoChina's mission to the European Union urged NATO on Tuesday to stop exaggerating the "China threat theory" after the group's leaders warned that the country presents "systemic challenges". NATO leaders on Monday had taken a forceful stance towards Beijing in a communique at United States President Joe Biden's first summit with the alliance. "China's stated ambitions and assertive behaviour present systemic challenges to the rules-based international order and to areas relevant to alliance security," NATO leaders had said. The NATO statement "slandered" China's peaceful development, misjudged the international situation, and indicated a "Cold War mentality," said China's response, posted on the mission's website.
Persons: Thomas Peter, Joe Biden's, China's Organizations: REUTERS, European Union, NATO, United, Thomson Locations: Beijing, China, Soviet Union, Britain, Xinjiang, Hong Kong, China's, London, Taiwan, United States
Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. Qilai Shen | Bloomberg | Getty ImagesChina has long been home to more than half the world's bitcoin miners, but now, Beijing wants them out ASAP. Sichuan and Yunnan's hydropower make them renewable energy meccas, while Xinjiang and Inner Mongolia are home to many of China's coal plants. Answering the Musk critiqueTesla CEO Elon Musk has bashed bitcoin mining, claiming that it is bad for the environment. The dominant narrative, to date, has been that much of the world's bitcoin is mined with Chinese goal.
Persons: Qilai Shen, Brandon Arvanaghi, Greg Abbott, Nic Carter, it's, Carter, hasn't, Alejandro De La Torre, De La Torre, Steve Barbour, Didar Bekbauov, Xive, he's, Bekbauov, It's, Elon Musk, Adam Back, Lazard Organizations: Bloomberg, Getty, China, Mining, Ventures, Miners, Upstream, CNBC, bitcoin, Lazard Locations: Ordos, Inner Mongolia, China, Beijing, Texas, United States, Xinjiang, Sichuan, Yunnan, hashrate, Hong Kong, Canada, Central Asia, Eastern Europe, U.S, Northern Europe, Kazakhstan, North America, Wyoming
Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone Siu/File PhotoWASHINGTON, June 15 (Reuters) - The nominee to be the top U.S. diplomat for East Asia said on Tuesday Washington should develop its relationship with Taiwan in every sector, hours after China's largest reported incursion to date into the island's air defense identification zone. "It's ... incumbent upon us to further develop our robust relationship with Taiwan in every sector," Kritenbrink told a Senate Foreign Relations Committee hearing on his nomination to be assistant secretary of state for East Asia. Earlier, Taiwan said 28 Chinese aircraft, including fighters and nuclear-capable bombers, entered its air defense identification zone, the largest reported incursion to date. He said Washington should continue to take steps to hold to account Chinese leaders responsible for what it calls genocide against Uyghurs and other Muslims in China's Xinjiang region.
Persons: Tyrone Siu, Daniel Kritenbrink, Kritenbrink, Biden, Sophie Richardson, Patricia Zengerle, David Brunnstrom, Michael Martina Organizations: REUTERS, WASHINGTON, East Asia, Washington, Foreign, Seven, United, Taiwan, Human Rights Watch, Thomson Locations: Taiwan, U.S, Taipei, East, Washington, China, East Asia, United States, Vietnam, Beijing, China's Xinjiang, Xinjiang
Here is the full transcript of the NBC News interview with Russian President Vladimir Putin, which took place in Moscow on June 11, 2021. VLADIMIR PUTIN: Well, I don't know. VLADIMIR PUTIN: —it conduc— it conducts—KEIR SIMMONS: Russia is—VLADIMIR PUTIN: It conducts exercises in that battlefield. KEIR SIMMONS: I don't— I don't— I don't think I heard you answer the question, the direct question— Mr. President. I don't think that anybody in the Syrian government is interested in stealing some part of this humanitarian assistance.
Persons: Vladimir Putin, Keir Simmons, KEIR SIMMONS, it's, VLADIMIR PUTIN, Biden, autocrats, I'm, What's, , Will, We're, We've, I've, Assad, he's, Let's, — VLADIMIR PUTIN, Trump, they're, One's, — KEIR SIMMONS, Colin Powell, Cybersecurity, Mr, Putin, Presi, Keir, You've, mut, Isn't, administr, Biden —, He'll, Alexei Navalny, Navalny, United States — KEIR SIMMONS, you'll, Alexei Navalny — VLADIMIR PUTIN, Alexei Navalny's, John McCain —, we're, Th, Ann — Anna Anna Politkovskaya, Alexander Litvinenko, Sergei Magnitsky, Boris Nemtsov, Mikhail Lesin —, Lesin, — Biden, Lukashenko, hasn't, — you've, Gorbachev, You’ve, nyah, Russia — Paul Whelan, Trevor Reed, Trevor Reed —, I'd, — shitfaced, It's, Yaroshenko, he'd —, he'd, They're, It's —, Rogozin, Andrea Mitchell —, Boris Yeltsin Organizations: NBC, NBC News, Iran, NATO, U.S, Foreign Ministry, Defense — Ministry, Pentagon, State Department of, , Senate, Treasury Department, Microsoft, America, International League of Sexual, Russian Federation, United, — Hollywood, Washington , D.C, Air Force, Bolivian, European Union, of Islamic Conference, U.S . State Department, Security, Russia, NASA, People's Liberation Army, China Locations: Moscow, American, , Russia, Iran, Tehran, Iraq, Yemen, Israel, Saudi Arabia, Europe, United States, U.S, Washington, Libya, Afghanistan, Syria, Helsinki, Trump, Soviet, Octo, America, Ukraine, USSR, United, — United States, Congress, Hollywood, — U.S, North, Russian, Washington ,, Belarus, Minsk, Bolivia, Vienna, Ukrainian, Donbas, Alaska, NATO, Eastern Europe, Saint Petersburg, China, Xinjiang, Soviet Union, Republic, Crimea, Taiwan, Idlib, Syrian Arab Republic, Turkey
S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday’s above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Speculators’ net long positions in U.S. bond futures hit the highest level since October 2017, U.S. financial watchdog data showed. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday. Bitcoin held on to weekend gains, when Elon Musk flagged Tesla’s possible resumption of transactions using the token.
Persons: Goldman Sachs, ” John Woolfitt, Treasuries, , Akira Takei, Bitcoin Organizations: U.S . Federal, Atlantic Capital, Asset Management, Nikkei, European Central Bank, Elon Musk Locations: TOKYO, U.S, COVID, China, London, , Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
While Democracies Lecture, Their Adversaries Run Free
  + stars: | 2021-06-14 | by ( Walter Russell Mead | ) www.wsj.com + 0.98   time to read: +2 min
Observers were particularly struck by the G-7’s strong language about Russia and China. Yet China and Russia appear unimpressed, as does Iran. China proceeded with the systematic destruction of Hong Kong’s liberties while moving forward with its ominous naval buildup. Iranian ships bearing mysterious cargos plowed steadily across the Atlantic toward its allies in the Western Hemisphere. The harsh reality is that the U.S. and its allies are losing ground to their adversaries, and the balance of power is moving sharply against us.
Persons: Biden, Donald Trump’s, multilateralism, Donald Trump Organizations: Hong, Sino Locations: Europe, Cornwall, England, Great Britain, Northern Ireland, Brussels, America, West, Russia, China, Moscow, East, South China, Xinjiang, Hong Kong, Iran, Belarus
Biden Tries to Rally G-7 Leaders to Challenge China
  + stars: | 2021-06-14 | by ( Max Colchester | Andrew Restuccia | ) www.wsj.com sentiment -0.99   time to read: +1 min
CARBIS BAY, England—Leaders of the Group of Seven wealthy democracies called on China to respect human rights but stopped short of an outright condemnation of Beijing, as President Biden sought to build momentum for an international coalition to counter Chinese influence in the world. The statement is unlikely to have any immediate practical effect. While it named Beijing despite some initial concerns from several European leaders that forceful language might antagonize China, the U.S. didn’t succeed in naming China in a section of the statement condemning forced labor practices. French President Emmanuel Macron said that he was eager to continue to engage with China on issues such as climate change. “That is unchanged,” he said, adding that nations needed to treat China with respect.
Persons: Biden, , China “, , didn’t, Emmanuel Macron, Mario Draghi, Locations: CARBIS BAY, England, China, Beijing, Xinjiang, Hong Kong, U.S, Italian
Recovery bets also boosted oil to May 2019 highs as investors apparently view Thursday’s above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. “The bond market continues to show a vote of confidence in the Fed remaining patient and lower for longer. The stock market is similarly emboldened and hovering around all-time highs,” said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance in Charlotte, North Carolina. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Goldman Sachs, , Chris Zaccarelli, Bitcoin, VIX Organizations: Reuters, U.S . Federal, Dow Jones, Nasdaq, Fed, Independent, Nikkei, European Central Bank, Elon Musk Locations: U.S, Europe, COVID, China, Charlotte , North Carolina, Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
Taiwan says will be ‘force for good’ after unprecedented G7 support
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.99   time to read: +2 min
Leon Neal/Pool via REUTERSTaiwan will be a “force for good” and continue to seek even greater international support, the presidential office said, after the Chinese-claimed island won unprecedented backing from the Group of Seven of major democracies. Taiwan and G7 member countries share basic values ​​such as democracy, freedom, and human rights, he added. Taiwan will continue to deepen its partnership with G7 states and other like-minded countries and strive for greater support from the international community, he said. Taiwan will also "firmly contribute the greatest force for good" for peace, stability, and prosperity in the Indo-Pacific region, Chang added. While most countries, including G7 members, have no formal diplomatic ties with Taiwan, the grouping along with other Western allies have been bolstering their backing for the island.
Persons: Boris Johnson, Joe Biden, Emmanuel Macron, Justin Trudeau, Scott Morrison, Angela Merkel, Cyril Ramaphosa, Moon Jae, Leon Neal, Xavier Chang, Chang Organizations: British, Canadian, Australia's, REUTERS, Sunday, World Health Organization, Thomson Locations: U.S, German, Carbis Bay, Cornwall, Britain, REUTERS Taiwan, China, Xinjiang, Hong Kong, Taiwan Strait, Taiwan
U.S. President Joe Biden walks with National Security Advisor Jake Sullivan as he arrives for the final session of the G7 summit in Carbis Bay, Cornwall, Britain, June 13, 2021. Doug Mills/Pool via REUTERSWhite House national security adviser Jake Sullivan said on Sunday G7 leaders rallied around the need to “counter and compete” with China on challenges ranging from safeguarding democracy to the technology race. "Words like counter and compete were words coming out of the mouths of every leader in the room, not just Joe Biden," he said. G7 leaders also sought to counter China's growing influence by offering developing countries an infrastructure plan that could rival Beijing's Belt and Road Initiative by supporting projects such as railways in Africa and wind farms in Asia. It says many major powers are still gripped by an outdated imperial mindset after years of humiliating China.
Persons: Joe Biden, Jake Sullivan, Doug Mills, Sullivan Organizations: National Security, White House, Sunday, Air Force, Thomson Locations: Carbis Bay, Cornwall, Britain, China, Brussels, Xinjiang, Hong Kong, Africa, Asia, Beijing
China denounces G7 statement, urges group to stop slandering country
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.00   time to read: +3 min
China denounced on Monday a joint statement by the Group of Seven leaders that had scolded Beijing over a range of issues as a gross interference in the country's internal affairs, and urged the grouping to stop slandering China. China is a peace-loving country that advocates cooperation, but also has its bottom lines, the embassy said. 'COUNTERING CHINA'Taiwan's government welcomed the G7 statement, saying the Chinese-claimed island will be a "force for good" and that they will continue to seek even greater international support. read moreChina's embassy said the G7 should do more that is conducive to promoting international cooperation instead of artificially creating confrontation and friction. "We urge the United States and other members of the G7 to respect the facts, understand the situation, stop slandering China, stop interfering in China's internal affairs, and stop harming China's interests."
Persons: Jake Sullivan Organizations: Group, Seven, Sunday, House, World Health Organization, WHO, China, Thomson Locations: China, Beijing, Xinjiang, Hong Kong, Taiwan, London, United States, CHINA
United States President Joe Biden's plan to unite Washington's closest allies and take on China just scored a big political win. The G7 confronted China on just about every sore spot, from allegations of human rights abuses and forced labor in Xinjiang to ongoing political disputes over Hong Kong, Taiwan and the South China Sea. China still fired back against the statement, accusing the G7 of deliberately slandering China" and "arbitrarily interfering in China's internal affairs." Under Biden, the United States recently expanded a ban on American investment in dozens of Chinese firms. In his statement reported by Xinhua, the Chinese President said it was important to "maintain overall social stability and create a good atmosphere for the Party's centenary."
Persons: Joe Biden's, Washington's, Xi, Donald Trump, Trump, Angela Merkel, Emmanuel Macron, Yoshihide Suga, Queen Elizabeth II, Justin Trudeau, Mario Draghi, Joe Biden, Biden, China's mercantilist, Alex Capri, Hinrich, , Xi Jinping, Qu Yuan Organizations: CNN, US, United, Washington, Embassy, Canadian, Trump, Huawei, Hinrich Foundation, National University of Singapore, Mecrator Institute of China Studies, Eurasia Group, CNN . Rescue, Xinhua, Communist Locations: China, States, United Kingdom, Germany, France, Italy, Canada, Xinjiang, Hong Kong, Taiwan, South China, Taiwan Strait, London, Italian, St Austell , Cornwall, England, Beijing, Europe, United States, Britain, Asia, Korea, New Zealand, China's Hubei Province, China's Hubei, Zhangwan, Shiyan, Heilongjiang province, Shenzhen, Hubei, Tianjin
"G7 leaders have utterly failed to face up to the challenges facing the world," said Nick Dearden, director of campaign group Global Justice Now. This summit proves beyond all doubt that the G7 is not fit for purpose," Dearden said. In a note Monday, Paul Donovan, chief economist at UBS Global Wealth Management, referred to the G-7 as a "selfie summit." "The main focus of the G7 meeting (the photo opportunity) seemed to go well. Extinction Rebellion (XR) activists take part in the "Sound The Alarm" march during the G7 summit in Cornwall on June 11, 2021 in St Ives, Cornwall, England.
Persons: Charles Michel, Joe Biden, Yoshihide Suga, Boris Johnson, Mario Draghi, Leon Neal, Nick Dearden, Dearden, Paul Donovan, Donovan, Jeff J Mitchell Organizations: European, Japanese, Italian, Getty, Hong, Sino, U.S, of British Industry, Global, EU, European Commission, European Council, UBS Global Wealth Management, WHO, World Trade Organization Locations: U.S, British, Carbis, Carbis Bay, Cornwall, China, England, Xinjiang, Hong Kong, Canada, France, Germany, Italy, Japan, Australia, India, South Korea, United States, St Ives, South Africa, Switzerland, Norway, Brazil
REUTERS/Kim Kyung-HoonWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Speculators' net long positions in U.S. bond futures hit the highest level since October 2017 , U.S. financial watchdog data showed. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Kim Kyung, Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Bitcoin Organizations: Nikkei, REUTERS, U.S . Federal, Atlantic Capital, Asset Management, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Tokyo, Japan, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Xinjiang
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffWorld stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation abated and investors anticipated the U.S. Federal Reserve sticking to its dovish course this week. S&P 500 futures meanwhile nudged 0.1% higher, with investors apparently viewing Thursday's above-forecast U.S. inflation data and surging factory prices in China as temporary or manageable. Goldman Sachs economists said concerns that rising inflation will derail the market recovery or lead to sharply higher bond yields were probably misplaced. Many investors expect the Fed to repeat its dovish view at its two-day meeting from Tuesday.
Persons: Goldman Sachs, John Woolfitt, Treasuries, Akira Takei, Paul Donovan, Brexit, Donovan, Bitcoin Organizations: REUTERS, Staff, U.S . Federal, Atlantic Capital, Asset Management, UBS Global Wealth Management, Markets, Japan's Nikkei, European Central Bank, Elon Musk, Thomson Locations: Frankfurt, Germany, U.S, COVID, China, London, Asia, Hong Kong, Australia, Pacific, Japan, Xinjiang
LONDON — NATO Secretary General Jens Stoltenberg on Monday said the military alliance plans to toughen its stance toward China, while recognizing the need to work with Beijing on some global issues. Speaking as he arrived in Brussels, Belgium, for a one-day NATO summit, the organization's chief said: "The message is that, of course, there are opportunities in our relationship with China. And we also know that China does not share our values," Stoltenberg continued. "We need to respond together as an alliance," Stoltenberg said. China's embassy in London was not immediately available to comment when contacted by CNBC on Monday.
Persons: Jens Stoltenberg, Monday, Stoltenberg, " Stoltenberg, NATO's Stoltenberg Organizations: LONDON, NATO, CNBC, Hong, Sino Locations: China, Beijing, Brussels, Belgium, South China, Africa, China's, London, Xinjiang, Hong Kong, Taiwan Strait
Ahead of his highly anticipated meeting with Russian President Vladimir Putin, President Joe Biden agreed Sunday that U.S.-Russian relations are at a "low point" and said he was open to a prisoner exchange with Moscow to clamp down on cybercrime. I think he is right it is a low point," Biden said about Putin's recent assessment of the Moscow-Washington relationship. In a statement last week, Trump asked Biden to "please give [Putin] my warmest regards" and defended his "great and very productive meeting in Helsinki." Biden and Putin will hold separate news conferences after their meeting in Switzerland, a sign of the chillier relationship. "There's a lot going on where we can work together with Russia," Biden said.
Persons: Vladimir Putin, Joe Biden, Biden, Putin, Washington, United States — I'm, Jake Sullivan, I'm, Sullivan, Antony Blinken, Andrea Mitchell, Blinken, We'll, Donald Trump, it's, Trump, Pablo Martinez Monsivais, they've, Organizations: Sunday, FBI, Air Force, NBC News, U.S Locations: Moscow, cybercrime, Russia, Lake Geneva, Switzerland, Washington, East Coast, U.S, United States, London, Brussels, America, Helsinki, Libya, Syria, China, Canada, France, Germany, Italy, Japan, Beijing, Xinjiang
G-7 Leaders Rally to Biden’s Call to Challenge China
  + stars: | 2021-06-13 | by ( Max Colchester | Andrew Restuccia | ) www.wsj.com sentiment -0.98   time to read: +1 min
CARBIS BAY, England—Leaders of the Group of Seven wealthy democracies on Sunday called on China to respect human rights as President Biden seeks to build an international coalition to counter Chinese influence. The statement called on China to respect human rights and freedom, particularly in the northwestern Chinese region of Xinjiang and in Hong Kong. It also laid out plans to counter Chinese influence in developing nations with the G-7 clubbing together to fund infrastructure projects. The group of rich nations also called for a transparent probe into the origins of Covid-19. In Hong Kong, China has cracked down on opposition figures and stifled criticism, using a new security law that it has imposed on the former British territory.
Persons: Biden Locations: CARBIS BAY, England, China, Beijing, Xinjiang, Hong Kong, U.S
It was a bad week for China on the world stage. And at home, our squabbling US Senate somehow managed to pass a $250 billion bill countering China. This week the leaders of the Western world turned their eyes toward China, and as a result it was one of the worst weeks for Beijing on the world stage in some time. Before he left for Europe, Biden met with NATO Secretary-General Jens Stoltenberg at the White House. China responded to the bill saying that it "slanders China" and is "full of Cold War mentality and ideological prejudice."
Persons: Biden, Joe Biden, Donald Trump, They've, America's, , Trump, Boris Johnson, Janet Yellen's, Jens Stoltenberg, Stoltenberg, George Kennan —, Kennan, Mitch McConnell's Organizations: EU, NATO, Republicans, Beijing, Times, Chinese Communist Party, CCP, European Union, Europe, White, Wall Street, National Science Foundation, Olympics, World Bank, International Monetary Fund, World Trade Organizations, United Nations Locations: China, Europe, Beijing, Washington, Xinjiang Uyghur Autonomous Region, United States, Muslims, EU, Ireland, Northern Ireland, American, USSR, Taiwan
President Biden urged G7 leaders to collectively rebuke China over forced labor. Some G7 leaders with trade ties to Beijing expressed concern about calling out human-rights abuses. President Joe Biden this weekend worked to rally the Group of Seven to offer a collective rebuke to China over forced labor, human-rights abuses, and other "non-market" practices. The administration said Biden had urged other G7 members to speak out about China's "practices that are harmful and distorted to the global economy." Some senior UK officials, for example, have sought to keep human-rights abuses in China off the table, partly because the UK has worked to build up trade with China, Politico reported.
Persons: Biden, Joe Biden, Patrick Semansky, Saturday's, Mario Draghi, Emmanuel Macron Organizations: US, EU, Initiative, Italian, Politico, The New York Times, Washington Post, Reuters Locations: China, Beijing, Xinjiang, Canada, France, Germany, Italy, Japan, St . Ives, England, Carbis Bay, The, London
G-7 leaders agree on vaccines, China and taxing corporations
  + stars: | 2021-06-13 | by ( ) www.cnbc.com + 0.00   time to read: +3 min
Speaking at the end of a G-7 leaders' summit in southwest England on Sunday, British Prime Minister Boris Johnson said the promised vaccine doses would come both directly and through the international COVAX program. Biden also wanted to persuade fellow democratic leaders to present a more unified front to compete economically with Beijing and strongly call out China's "nonmarket policies and human rights abuses." The leaders also said they will promote their values by calling on China to respect human rights and fundamental freedoms in Xinjiang, where Beijing is accused of committing serious human rights abuses against the Uyghur minority, and in the semi-autonomous city of Hong Kong. The G-7 nations are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. WATCH: G-7 finance ministers agree on global minimum corporate tax of 15%
Persons: Antony Blinken, Boris Johnson, Joe Biden, Biden, Johnson Organizations: Lancaster House, British, Health Organization, CNBC, YouTube Locations: U.S, London, CARBIS BAY, England, Beijing, Xinjiang, Hong Kong, United States, China, Canada, France, Germany, Italy, Japan, United Kingdom
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