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☆ How China's shifting growth picture could hit global markets
▼ + stars: | 2023-03-07 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China's National People's Congress on Sunday, March 5, 2023. Future Publishing | Future Publishing | Getty ImagesChina's economy will be forced to recalibrate because of a "fractured" global order, and the new drivers of growth will "disappoint" global markets, according to David Roche, president of Independent Strategy. President Xi Jinping and other officials took aim at the West for constraining China's growth prospects, as relations between Beijing and Washington continue to deteriorate. Veteran investment strategist Roche told CNBC's "Squawk Box Europe" on Tuesday that "things have changed" permanently with regards to China's role in the global economy, as Beijing will be forced to look inward to achieve its growth ambitions. watch nowRoche also noted that the "hegemony of the U.S. is now fractured" in the global economic order, with Russia and China detaching from Western democracies.

Summary Taiwan says will not allow "repeated provocations" from ChinaChina warns US not to cross red line on TaiwanTaiwan President, US House Speaker plan to meet in USTAIPEI/BEIJING, March 7 (Reuters) - Taiwan will not allow "repeated provocations" from China, the island's defence minister said on Tuesday, as China's foreign minister said Taiwan was the "first red line" that must not be crossed in Sino-U.S. relations. Speaking to reporters at parliament, Taiwan Defence Minister Chiu Kuo-cheng said he was not aware of a planned meeting between Tsai and McCarthy. In Beijing, Chinese Foreign Minister Qin Gang said it was "absurd" for U.S. officials to say that Taiwan is not an internal affair of China's. "The United States has unshakable responsibility for causing the Taiwan question." Reporting by Ben Blanchard and Ryan Woo; Editing by Gerry Doyle and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

In the past 24 hours Ukrainian forces have repelled more than 170 attacks in the five principal sectors of the front line, Ukrainian military analyst Oleh Zhdanov said on YouTube on Thursday night. Ukraine says the city has limited strategic value but wants to exhaust Russian forces. In nearby towns and villages, new trenches had been dug on the roadside 20-40 metres (65-130 feet) apart, a sign that Ukrainian forces were strengthening defensive positions. Russia says its "special military operation" aims to degrade the Ukrainian military and remove what it says is a threat to its own security. The Russian foreign ministry said Lavrov and Blinken spoke "on the move" for less than 10 minutes.

☆ Canada will 'never tolerate' foreign interference, minister tells China
▼ + stars: | 2023-03-03 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

OTTAWA, March 3 (Reuters) - Canadian Foreign Minister Melanie Joly told her Chinese counterpart that foreign interference will not be tolerated in Canada's internal affairs, amid calls for a broad public inquiry into China's alleged meddling in the past two elections. "Canada will never tolerate any form of foreign interference in our democracy and internal affairs by China," Joly told China's foreign minister, Qin Gang, in their first-ever meeting, on the sidelines of the G20 summit in New Delhi, according to a statement on Friday. Prime Minister Justin Trudeau and Canada's top security officials acknowledge interference attempts by China, but they insist that election outcomes were not altered. Earlier on Friday, Qin refuted allegations that Chinese embassies and consulates in Canada were trying to interfere in Canadian elections, saying the alleged interference was "completely false and nonsensical." Canada's main opposition party slammed Trudeau for not endorsing a public inquiry, accusing him of trying to cover-up Chinese influence.

☆ The U.S. has warned on China's support for Russia. Now the EU says 'we need to remain vigilant'
▼ + stars: | 2023-03-03 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The CIA Director Bill Burns told CBS News last week that he is confident China is considering providing lethal aid to Moscow. China's role in international politics in the wake of Russia's invasion of Ukraine last year has been a particularly sensitive one for western nations. Europe's top diplomat said the West needs to be vigilant when it comes to support for Russia from China, after U.S. officials warned that Beijing could be about to send lethal weapons to Moscow. Blinken had previously told NBC that there is information that China is "strongly considering providing lethal assistance to Russia." "The U.S. has been pouring lethal weapons into the battlefield in Ukraine and heightening tensions, while spreading false and malign accusations against China.

☆ China urges global lenders' involvement in developing nations' debt
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Chinese Foreign Minister Qin Gang and India's Foreign Minister Subrahmanyam Jaishankar shake hands before the start of G20 foreign ministers' meeting in New Delhi, India, March 2, 2023. India's Ministry of External Affairs/Handout via REUTERSNEW DELHI, March 2 (Reuters) - Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. "China has put forth relevant initiatives under the G20," Qin said. "China has suspended more debt service payments than any other G20 member, and participated in the debt treatment under the Common Framework." Last week, China urged G20 nations to conduct a fair, objective and in-depth analysis of the causes of global debt issues and to "resolve the problem in a comprehensive and effective manner".

[1/6] A man arranges the flags kept outside the venue for G20 foreign ministers’ meeting in New Delhi, India, March 2, 2023. European and U.S. delegates, in New Delhi for the foreign ministers' meeting, have however reiterated that they hold Russia responsible for the conflict, with Germany saying it would use the meeting to counter Russian "propaganda". "You are meeting at a time of deep global divisions," Modi said in a video message as the talks began. The foreign ministers' meeting comes days after a meeting of the G20 finance chiefs that was also dominated by war. The New Delhi meeting is being attended by 40 delegations, including those headed by Russian Foreign Minister Sergei Lavrov, U.S. Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang.

☆ Russians intensify assault on Bakhmut, Ukrainian forces try to dig in
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +5 min

Ukrainian aircraft launched three strikes on areas of concentration of Russian forces, according to a statement by the General Staff of the Ukrainian Armed Forces on Tuesday night. Bakhmut had a pre-war population of around 70,000 but has been ruined during months of fighting as a focal point of Russian assaults and determined Ukrainian defence. A Russian takeover of Bakhmut would open the way to seizing the last remaining urban centres in the industrial Donetsk province. 'GRINDING SLOG'[1/4] Ukrainian service members ride BMP-2 infantry fighting vehicles, as Russia's attack on Ukraine continues, near the frontline city of Bakhmut, Ukraine February 27, 2023. The meeting will be attended by Russian Foreign Minister Sergei Lavrov U.S. Secretary of State Antony Blinken and Britain's James Cleverly, while China is expected to send its foreign minister, Qin Gang.

[1/5] A man walks past a model of G20 logo outside the finance ministry in New Delhi, India, March 1, 2023. Germany responded saying it would counter Russian "propaganda" at the G20 meeting. The foreign ministers meeting comes days after a meeting of finance chiefs of G20 countries in Bengaluru that was also overshadowed by Russia's war in Ukraine. An EU source separately said the EU delegation would not support a statement at the G20 meeting if it did not include condemnation of the war. The G20 includes the wealthy G7 nations as well as Russia, China, India, Brazil, Australia and Saudi Arabia, among other nations.

☆ Blinken has 'no plans' to meet Russian, Chinese counterparts at Delhi G20 meetings
▼ + stars: | 2023-03-01 | by ( Simon Lewis | ) www.reuters.com time to read: +1 min

[1/5] U.S. Secretary of State Antony Blinken speaks during a news conference at the Hyatt Regency in Tashkent, Uzbekistan March 1, 2023. Olivier Douliery/Pool via REUTERSTASHKENT, March 1 (Reuters) - U.S. Secretary of State Antony Blinken said on Wednesday that he has no plans to meet either the foreign ministers of Russia or of China during the Group of 20 (G20) meeting in New Delhi. Russian Foreign Minister Sergei Lavrov and Chinese Foreign Minister Qin Gang are attending the meeting. A Russian foreign ministry official said Lavrov was aiming to meet at least seven foreign ministers before India hosts a welcome dinner on Wednesday for delegates from 40 countries. During his trip to Kazakhstan and Uzbekistan, Blinken met with counterparts from all five Central Asian countries that used to be ruled from Moscow and have strong trade links with Beijing, ahead of the G20 foreign ministers' meeting.

[1/3] FILE PHOTO-Russian Foreign Minister Sergei Lavrov speaks during a meeting with heads of foreign media outlets in Moscow, Russia, February 15, 2023. Last July, Russian Foreign Minister Sergei Lavrov walked out of a G20 foreign ministers’ meeting, also in Bali, after the West strongly denounced the war. The G20 bloc includes the wealthy G7 democracies, as well as Russia, China, India, Australia, Brazil and Saudi Arabia among other countries. The foreign ministers' meeting will also be watched for how tensions between Washington and Beijing play out, including over the Ukraine war. "It is unlikely that G20 foreign ministers can agree on common language suggesting ways and mechanisms to deal with the situation in Ukraine," he said.

Indonesia's Foreign Minister Retno Marsudi met with Chinese counterpart Qin Gang in Jakarta, ahead of a round of negotiations on the code starting in March. Qin added that China and ASEAN will jointly safeguard peace and stability in the strategic trade corridor, through which about $3.4 trillion of goods pass each year. China would work with ASEAN countries to accelerate consultations on the code, he said. Beijing claims much of the South China Sea and has built islands from which it is capable of deploying advanced weaponry. China and ASEAN countries agreed in 2002 to work towards creating a code of conduct and it was 15 years before moves were underway to create a framework for negotiations.

☆ Explainer: A year into Ukraine war, how has China stood by 'no limits' partner Russia?
▼ + stars: | 2023-02-21 | by ( Laurie Chen | ) www.reuters.com time to read: +5 min

Here are the implications for China as the war approaches its one-year anniversary on Feb. 24. While China has repeatedly called for peace, President Xi Jinping has stood by his Russian counterpart Vladimir Putin, resisting Western pressure to isolate Moscow. China has sought to avoid providing support to Russia that would invite sanctions upon itself, including refraining from providing weapons. Beijing has repeatedly opposed any linkage between the Ukraine war and its intentions to "reunify" with the self-ruled island that it claims as its territory. "The result and the cost of the war show the Chinese that an invasion is Taiwan may not be prudent," said Sun.

☆ Russia's war on Ukraine latest: Putin gives nuclear warning, Biden rallies allies
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +3 min

[1/7] Russia's President Vladimir Putin takes part in an event marking Gazprom's 30th anniversary, via video link at a residence outside Moscow, Russia February 17, 2023. Feb 21 (Reuters) - Russian President Vladimir Putin on Tuesday delivered a nuclear warning to the West over Ukraine, suspending a bilateral nuclear arms control treaty, announcing new strategic systems were on combat duty and warning that Moscow could resume nuclear tests. DIPLOMACY* "One year ago, the world was bracing for the fall of Kyiv," Biden said at Warsaw's Royal Castle. "I can report: Kyiv stands strong, Kyiv stands proud, it stands tall and, most important, it stands free." * A year on from Russia's invasion, Ukraine and its government have not just survived.

☆ China says certain countries must stop 'fuelling the fire' in Ukraine conflict
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +3 min

[1/4] Ukrainian servicemen ride a self-propelled howitzer outside the town of Siversk, amid Russia's attack on Ukraine, in Donetsk region, Ukraine February 20, 2023. REUTERS/Yevhen TitovBEIJING, Feb 21 (Reuters) - China is "deeply worried" that the Ukraine conflict could spiral out of control, China's foreign minister Qin Gang said on Tuesday, and called on certain countries to stop "fuelling the fire". The United States has warned of consequences if China provides military support to Russia, which Beijing says it is not doing. "We urge certain countries to immediately stop fuelling the fire," Qin said during a speech, referring to the Ukraine conflict and in comments that appeared to be directed at the United States. Chinese-Russian trade has soared since the invasion of Ukraine, and Russia has sold Asian powers including China greater volumes of oil.

☆ Russia's war on Ukraine latest: Putin gives nuclear warning after Biden's Kyiv visit
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +4 min

[1/6] Russia's President Vladimir Putin takes part in an event marking Gazprom's 30th anniversary, via video link at a residence outside Moscow, Russia February 17, 2023. Feb 21 (Reuters) - Russian President Vladimir Putin on Tuesday delivered a nuclear warning to the West over Ukraine, suspending a bilateral nuclear arms control treaty, announcing new strategic systems were on combat duty and warning that Moscow could resume nuclear tests. U.S. President Joe Biden, fresh from pledging support for Ukraine on an unannounced visit to Kyiv, was due to rally NATO allies in Warsaw, making his case for a sustained Western effort to ensure Kyiv wins the war. * The United States and Ukraine's President Zelenskiy warned China against supporting Russia. * Financial leaders of the Group of Seven (G7) will meet on Thursday to discuss measures against Russia that will put pressure on it to end the Ukraine war, Japan's Finance Minister Shunichi Suzuki said.

One U.S. official told Reuters on condition of anonymity that a meeting between Blinken and Wang was possible at the Munich conference, which runs from Feb. 17-19. "I know there's been a report about a potential meeting in Munich, but I have nothing to announce today." U.S. national security adviser Jake Sullivan noted last week that Blinken had postponed his visit to China, not canceled it or sworn off future high-level communication with China. China's has reacted angrily to Washington's spying allegations, saying the balloon was a civilian research craft and accusing Washington of hypocrisy. "But neither side wants to handle scheduling in the glare of media attention, and both sides are dealing with the uncertainty of balloon-related drama."

☆ A close read of Beijing's official statement shows it doesn't think the US violated international law by shooting down its balloon, says a legal expert who studies China
▼ + stars: | 2023-02-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China didn't accuse the US of violating international law when the Pentagon shot down its balloon. China has aggressively accused the US of breaking international law many times in the past. In the past, Beijing has accused the US of breaking international law even for actions like imposing visa restrictions on Chinese officials. "It contravenes international law and basic norms governing international relations and grossly interferes in China's internal affairs. In July, Wang similarly said that Hague Tribunal rulings in support of Philippine claims over the South China Sea "seriously" violated international law.

☆ Beijing's response to the US shooting down its balloon has been muted. It might be China's way of preparing for a future in which the roles are reversed, says international law expert.
▼ + stars: | 2023-02-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

China has to consider what it will do if the US sends balloons into Chinese airspace, a legal expert said. If Beijing pushes too hard on its response, its own rhetoric may backfire later, Julian Ku told NYT. In a statement on Sunday, China condemned the Department of Defense for destroying the balloon, saying the Pentagon "obviously overreacted" and "seriously violated international practices." "Moreover, they need to think about their own rights in case the US starts sending balloons or drones into China," Ku told the outlet. "We treat our enemies with fine wine, but for our enemies we got shotguns," China's ambassador to Sweden infamously said on radio in 2019.

☆ China's suspected spy balloon prompts Blinken to postpone Beijing trip as Congress seeks answers
▼ + stars: | 2023-02-03 | by ( Amanda Macias | ) www.cnbc.com time to read: +4 min

U.S. Secretary of State Blinken attends the Freedom of Expression Roundtable, in New York, U.S., September 19, 2022. Secretary of State Antony Blinken will postpone his trip to China next week following a suspected Beijing-operated spy balloon looming over parts of Montana. Chinese authorities said Friday that the balloon operating over U.S. airspace was a civilian weather balloon intended for scientific research. But the State Department said that was immaterial. "It was a mistake to not shoot down that Chinese spy balloon when it was over a sparsely populated area," Rubio tweeted on Friday.

Biden met with Chinese President Xi Jinping in November with that goal in mind and both leaders pledged more frequent communications. He has also sidelined some of his "wolf warrior" diplomats whose strident rhetoric alienated many of China's trade partners. Despite such pragmatic rhetoric, China's actions - especially its military activity around Taiwan and in the South China Sea - have not moderated, analysts said. Washington hopes for incremental progress on more specific but vital matters such as securing China's cooperation on fentanyl, global health, climate change and the cases of U.S. citizens detained there. That ... is more than deeply frustrating," said another source familiar with the administration's thinking, adding that China has rebuffed Washington's "very specific" proposals.

☆ China, Japan discuss concerns over disputed East China Sea islands
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Feb 2 (Reuters) - Chinese Foreign Minister Qin Gang and his Japanese counterpart Yoshimasa Hayashi discussed disputed islands in the East China Sea on Thursday, with both expressing concerns and Qin hoping Japan could stop "right-wing" provocations. The disputed East China Sea islets claimed by both China and Japan have long been a sticking point in bilateral relations. China calls the islands Diaoyu, while Japan calls them Senkaku. Hayashi said bilateral relations face "many challenges and concerns," adding that Japanese public opinion toward China is "extremely severe," Japan's Ministry of Foreign Affairs said in a statement. Hayashi also expressed "serious concerns" about the East China Sea, including China's activities around the islands, as well as its "increasingly active military activities near Japan".

☆ Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace
▼ + stars: | 2023-01-31 | by ( Elliot Smith | ) www.cnbc.com time to read: +12 min

Janet Yellen, US Treasury secretary, during a news conference with Enoch Godongwana, South Africa's finance minister, at the National Treasury in Pretoria, South Africa, on Thursday, Jan. 26, 2023. Yellen met with South African officials including President Cyril Ramaphosa last week, just days after the country's Foreign Minister Naledi Pandor stood alongside Lavrov and vowed to strengthen bilateral relations between Pretoria and Moscow. South Africa was one of 17 African nations to abstain from the U.N. vote in March to condemn Russia's war of aggression. As such, many African nations desire a strong relationship with both the U.S. and China, and U.S. diplomacy will be more effective when not framed as an "us-or-them" proposition. What's more, the BRI projects were "largely uncoordinated and unplanned," he said, with competing Chinese lenders offering credit to African nations, challenging the notion of a coherent centralized "debt trap" policy from Beijing.

☆ China foreign minister seeks stronger economic ties with Saudi Arabia
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 31 (Reuters) - China's new foreign minister Qin Gang wants to build stronger ties with Saudi Arabia and set up a China-Gulf free trade zone "as soon as possible", according to a ministry statement published late on Monday. In addition, Qin pressed for continuously strengthening the China-Gulf strategic partnership and building "the China-Gulf Free Trade Zone as soon as possible". Prince Faisal said that Saudi Arabia regards relations with China as an important cornerstone of foreign relations, and that Saudi Arabia fully adheres to the one-China principle, according to the statement from the Chinese foreign ministry. Qin, who just wrapped up a tour to several African countries, also had telephone conversations with Dutch Deputy Prime Minister and Foreign Minister Wopke Hoekstra and Argentine Foreign Minister Santiago Cafierro, according to state media. Reporting by Liz Lee; Writing by Bernard Orr; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Chinese EV giant BYD set for surge in 2022 profit as sales jump
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

[1/3] Chinese EV maker BYD's Seal is displayed at Tokyo Auto Salon 2023 at Makuhari Messe in Chiba, east of Tokyo, Japan, January 13, 2023. REUTERS/Kim Kyung-Hoon/File PhotoJan 30 (Reuters) - China's BYD Co , the world's biggest seller of battery electric vehicles (BEVs) and plug-in hybrids, expects its 2022 net profit to be more than five times the amount it booked a year earlier, it said on Monday. With sales of 1.86 million cars, it expects a net profit of 16-17 billion yuan ($2.37-$2.52 billion) versus 3 billion in 2021, an exchange filing showed. The company said it had it achieved strong sales growth and significantly improved profitability and had "effectively relieved the cost pressure brought about by the rising upstreamraw material prices". ($1 = 6.7498 Chinese yuan renminbi)Reporting by Zhang Yan, Brenda Goh and Hong Kong newsroom; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

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