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☆ Russia, South Africa and a 'redesigned global order': The Kremlin's hearts and minds machine is steaming ahead
▼ + stars: | 2023-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

Russian Foreign Minister Sergei Lavrov visited Pretoria as part of an African tour, his second since the invasion, which will also reportedly take him to Botswana, Angola and Eswatini. On Feb. 24 2022, shortly after the Ukraine invasion, South Africa urged Russia to immediately withdraw its forces from Ukraine. South Africa was one of 15 African nations to abstain from the subsequent U.N. vote in March to condemn Russia's war of aggression. watch nowShe emphasized the multilateral responsibilities of the BRICS (Brazil, Russia, India, China and South Africa) bloc of leading emerging economies in a changing global landscape. White House Press Secretary Karine Jean-Pierre said Monday that "the United States has concerns about any country … exercising with Russia as Russia wages a brutal war against Ukraine."

☆ The case for investing in China's reopening is strong. Here's how to proceed with caution
▼ + stars: | 2023-01-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +11 min

Strategists see China's markets easily scoring double-digit gains this year. The case for investing outside the U.S. is strong, particularly with the dollar coming off its highs and looking at further downside. "While China's reopening is undoubtedly a turning point, there remain reasons to be cautious," wrote Barclays equity strategists. But still the prospects for China's economy are much brighter than they were just several months ago. The Covid lockdown has been so damaging to the Chinese economy, they want to get back to a growth path in 2023."

☆ Chinese foreign ministry welcomes visit by U.S. Secretary Blinken
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Jan 17 (Reuters) - China welcomes a visit by U.S. Secretary of State Antony Blinken to the country, a Chinese foreign ministry spokesman said at a regular news briefing on Tuesday. "China welcomes Secretary of State Blinken's visit to China. Politico reported that Blinken will meet in Beijing with his counterpart, Chinese Foreign Minister Qin Gang, on Feb. 5-6. Both leaders had agreed that Blinken would visit China to follow up on their discussions, according to the White House, although no specific date was mentioned then. Last month, a delegation of senior U.S. officials held talks with China's Vice Foreign Minister Xie Feng in Langfang, a city neighbouring Beijing, in order to discuss Blinken's visit, according to the U.S. State Department.

REUTERS/Shelby Tauber/File PhotoWASHINGTON/DAVOS, Switzerland, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said. Yellen and Liu will also discuss global challenges like the possibility of a world recession, the corresponding risks, and how to enhance cooperation, the official said. Yellen does not plan to attend the World Economic Forum. Yellen has met virtually three times with Liu since taking office, and met in Bali, Indonesia with Chinese central bank governor Yi Gang. Liu will step down this year as part of an overhaul of China's economic leadership disclosed in September.

☆ Yellen to meet China's vice premier Liu He in Zurich on Wednesday -U.S. Treasury
▼ + stars: | 2023-01-16 | by ( Andrea Shalal | ) www.reuters.com time to read: +3 min

REUTERS/Shelby Tauber/File PhotoWASHINGTON, Jan 16 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic developments and deepen communication between the world's two largest economies, a Treasury official said. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, economic analysts said. Liu is in Switzerland for the World Economic Forum meetings in Davos, which Yellen does not plan to attend. Yellen has met virtually three times with Liu since taking office, and met in Bali with Chinese central bank governor Yi Gang. Liu will step down this year as part of an overhaul of China's economic leadership disclosed in September.

☆ Yellen leads new U.S.-Africa policy with trip to Senegal, Zambia, South Africa
▼ + stars: | 2023-01-13 | by ( Andrea Shalal | ) www.reuters.com time to read: +4 min

"We believe that Africa's growth will be a key driver of global growth over the coming decades," a senior Treasury official told reporters. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, experts say. Yellen has criticized Beijing - now the world's largest creditor - for not moving quickly to restructure the debt of poor countries in Africa. The topic will be a key issue when she visits Zambia, the Treasury official said. Biden in December proposed that the African Union be included in the Group of 20 major economies to give African countries a bigger seat at the table.

☆ Africa should not be arena for international competition, says Chinese foreign minister
▼ + stars: | 2023-01-11 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +2 min

[1/6] China's Foreign Minister Qin Gang addresses delegates at the inauguration of the new Africa Centres for Disease Control and Prevention headquarters, which China is building and equipping in Addis Ababa, Ethiopia, January 11, 2023. REUTERS/Tiksa NegeriADDIS ABABA, Jan 11 (Reuters) - Africa should not be an arena for competition between world powers, China's Foreign Minister Qin Gang said on Wednesday, opening a new headquarters for a pan-African health body at the start of five-country Africa tour. "Africa should be a big stage for the international cooperation, not an arena for major countries competition," Qin said at a news conference with AU Commission chair Moussa Faki. A trusted aide of President Xi Jinping and former ambassador to the United States, Qin was appointed foreign minister last month. Paul Nantulya, a research associate at the Africa Center for Strategic Studies, said the choice of countries reflected China's diversity of interests in Africa.

☆ China halts short-term visas in South Korea, first response to COVID curbs
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

BEIJING/SEOUL, Jan 10 (Reuters) - The Chinese embassy in South Korea has suspended issuing short-term visas for South Korean visitors, it said on Tuesday, the first retaliatory move against nations imposing COVID-19 curbs on travellers from China. A Chinese embassy official confirmed the new measures. South Korea's Park told Qin the new border restrictions were "science-based" measures, according to his office. Last week, South Korean police tracked down a Chinese man who went missing while awaiting quarantine after having tested positive for COVID-19 upon arrival. South Korea's President Yoon Suk-yeol said on Monday the country's border measures should focus strictly on the safety of its citizens.

☆ China’s wolf warriors start 2023 in retreat
▼ + stars: | 2023-01-10 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Jan 10 (Reuters Breakingviews) - Beijing has taken the mic away from combative foreign ministry spokesperson Zhao Lijian. His transfer follows other de-escalatory moves, thawing relations with major trading partners including Australia, Japan and the United States. It will still take years to undo the diplomatic and economic damage his pack of “wolf warriors” has done to Chinese interests. loadingChinese moderates have criticised the wolf warriors’ competence. With the Western democracies demonstrating the durability of their power in Ukraine without firing a shot, Chinese pandemic policy in shambles and its economy reeling, it’s unsurprising if the wolf warriors are quieting their howl.

☆ China 'wolf warrior' diplomatic spokesperson Zhao moves to new role
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 9 (Reuters) - Chinese foreign ministry spokesperson Zhao Lijian, who gained prominence as one of China's most outspoken "wolf warrior" diplomats, has been transferred to its department that manages land and sea borders, according to the ministry's website. Zhao, 50, is now deputy head of the ministry's Department of Boundary and Ocean Affairs, the website showed on Monday. In a controversial Twitter post in March 2020, Zhao wrote that the U.S. military might have brought the coronavirus to the Chinese city of Wuhan. Zhao, who often hosted the ministry's daily media briefing, has 1.9 million Twitter followers. Zhao and the ministry did not immediately respond to a request for comment on his change in role.

☆ China's top diplomat calls for 'dialogue', cooperation with U.S.
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Jan 1 (Reuters) - China and the United States must pursue dialogue rather than confrontation and avoid the mistakes made during the Cold War, top Chinese diplomat Wang Yi said on Sunday in his first public comments since his appointment as head of the ruling Communist Party's foreign affairs office. In an essay published in the official Party journal Seeking Truth, Wang urged major countries to "set an example" in the face of multiple challenges, citing China's strengthened cooperation with Russia over 2022. "Over the past year, we have unremittingly explored the correct way for the two major countries of China and the United States to get along with each other," he wrote. Wang's stint as foreign minister saw a sharp rise in tensions between Beijing and Washington on a wide range of issues ranging from trade to Taiwan. He said in his Sunday essay that Taiwan remained at the "core of China's core interests" and the "foundation" on which China's political relationship with the United States is built.

☆ Blinken discussed U.S.-China relationship in call with China's Qin
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Jan 1 (Reuters) - U.S. Secretary of State Antony Blinken spoke with incoming Chinese Foreign Minister Qin Gang over the phone on Sunday, Blinken said on Twitter, after China last week appointed its ambassador to the United States to be its new foreign minister. Blinken said he discussed the U.S.-China relationship and maintaining open lines of communication in his phone call with Qin. Qin, 56, replaces Wang Yi, who had been foreign minister for the past decade. Wang, 69, was promoted to the politburo of the Chinese Communist Party in October and is expected to play a bigger role in Chinese foreign policy. Wang's stint as foreign minister saw a sharp rise in tensions between Beijing and Washington on a wide range of issues ranging from trade to Taiwan.

☆ China appoints Xi's trusted aide Qin Gang as new foreign minister
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Dec 30 (Reuters) - China has appointed Qin Gang, a trusted aide of President Xi Jinping, as its new foreign minister, state radio reported on Friday. Qin, 56, and currently China's ambassador to the United States, replaces Wang Yi, who has been foreign minister for the past decade. Wang, 69, was promoted to the politburo of the Chinese Communist Party in October and is expected to play a bigger role in foreign policy. A rising star in the foreign ministry, Qin rose through various positions including as the ministry's spokesman and postings at the Chinese embassy in Britain. Following his appointment, Qin will return to Beijing from Washington after 17 months as China's 11th ambassador to the United States.

☆ Yellen, China's ambassador discuss economic developments, U.S. Treasury says
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Dec 15 (Reuters) - U.S. Treasury Secretary Janet Yellen met with China's ambassador to the United States, Qin Gang, on Thursday to discuss their "views on global macroeconomic and financial developments," the Treasury Department said in a statement. The meeting comes as the Biden administration has said it hopes to keep lines of communication open with Beijing following U.S. President Joe Biden's meeting with Chinese President Xi Jingping last month. Reporting by Kanishka Singh and Susan HeaveyOur Standards: The Thomson Reuters Trust Principles.

☆ U.S.-Africa Leaders Summit kicks off under China's long shadow
▼ + stars: | 2022-12-13 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Trade between Africa and China last year surged to $254 billion last year, up about 35% as Chinese exports increased on the continent. “We are not interested in the views of any other countries on China’s role in Africa,” Qin said at the Semafor forum. Asked whether Biden administration officials would directly approach U.S. concerns about Chinese involvement in Africa during this week’s meetings, officials bristled. Those include Africa, South America and the Middle East, where China is eyeing military and economic expansion. U.S. officials have also expressed concerns that China is looking to establish a military base on the western coast of Africa.

☆ China shipyards feast on record LNG tanker orders as South Korea builders are full up
▼ + stars: | 2022-12-12 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.

Bankman-Fried could face a host of potential charges – civil and criminal – as well as private lawsuits from millions of FTX creditors, legal experts told CNBC. There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. He told CNBC, "prosecutors would have to prove beyond a reasonable doubt that Bankman-Fried or his associates committed criminal fraud." (Carter was not an FTX investor, and told CNBC that his fund passed on early FTX rounds.) "People should not jump to the conclusion that something is not happening just because it has not been publicly disclosed," Levin told CNBC.

☆ 'Don't yell that': fears compete with calls for 'freedom' at China protests
▼ + stars: | 2022-12-02 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

"Don't get people too riled up ... we didn't say anybody should step down," one lead protester told the crowd through a megaphone. Many people in the Sunday night crowd in Beijing shouted: "Return freedom to the people, end the lockdowns." But that worried some in the crowd, according to a Reuters witness. 'BRIDGE MAN'Public criticism of Xi or the Communist Party is exceedingly rare. "The average Chinese person knows it's extremely dangerous to question the rule of the Communist Party or Xi Jinping by name in any public context," said Delury.

☆ U.S. senators warn China against any violent crackdown on protests
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 1 (Reuters) - A bipartisan group of more than 40 U.S. senators warned China on Thursday against any violent crackdown on protests there, saying it would do "extraordinary damage" to the U.S.-China relationship. The 42 senators, led by Democrats Dan Sullivan and Jeff Merkley and Republicans Mitch McConnell and Todd Young, said in a letter to China's Washington ambassador Qin Gang that they were following the protests in China very carefully. "We are also closely watching the Chinese Communist Party's (CCP) reaction to them," the senators' letter said, noting Beijing's violent crackdown on student protesters in 1989 that they said killed hundreds, if not thousands of people. "We caution the CCP in the strongest possible terms not to once again undertake a violent crackdown on peaceful Chinese protesters who simply want more freedom. Three decades ago, in the aftermath of the Tiananmen Square crackdown, the United States and many Western governments imposed sanctions against China over the killings.

Two protesters told Reuters that callers identifying themselves as Beijing police officers asked them to report to a police station on Tuesday with written accounts of their activities on Sunday night. "We are all desperately deleting our chat history," said another person who witnessed the Beijing protest and declined to be identified. Simmering discontent with stringent COVID prevention policies three years into the pandemic ignited into protests in cities thousands of miles apart over the weekend. Officials say the COVID policy has kept the death toll in the thousands, avoiding the millions of deaths elsewhere. In an editorial that did not mention the protests, People's Daily, the Party's official newspaper, urged citizens to "unswervingly implement" COVID policies.

☆ Exclusive: Tesla readies revamped Model 3 with project 'Highland' -sources
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +6 min

[1/2] A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016. Tesla’s Shanghai Gigafactory will put the redesigned Model 3 into production in the third quarter of 2023, they said. CHANGE YOU CAN SEEThe redesign for the Model 3 builds on the revamp of the Model S -- Tesla’s premium EV sedan -- that was released last year. The Model 3, Tesla’s cheapest EV starting at just under $47,000 in the United States, had been the automaker’s best-seller but is being overtaken by the Model Y crossover. KEEP IT SIMPLEMusk has pushed a simplified approach to design and production at Tesla that the Highland project extends, said the people with knowledge of the development.

☆ China might not make major changes to its Covid policy any time soon, despite weekend protests
▼ + stars: | 2022-11-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A couple pass necessities over a Covid lockdown barrier in Guangzhou city on Nov. 17, 2022. Future Publishing | Future Publishing | Getty ImagesBEIJING — China won't likely make major changes to its Covid policy in the near future despite this weekend's protests, analysts said. Groups of people in China took to the streets over the weekend to vent their frustration, built up over nearly three years of stringent Covid controls. Separately, the People's Daily ran a front page op-ed Monday on the need to make Covid controls more targeted and effective, while removing those that should be removed. He noted how it was no longer sustainable for China's economy and society to accept continued Covid controls.

☆ Ray Dalio says none of China's new leadership team appear to be 'extremists'
▼ + stars: | 2022-11-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Ray Dalio, founder of Bridgewater Associates, received an award from the China General Chamber of Commerce-USA in February 2022. China News Service | China News Service | Getty ImagesBEIJING — American billionaire Ray Dalio said while he's far less familiar with China's new leadership team than prior officials, he expects worries about their future policies are overdone. Here are the highlights:China's leadership reshuffle"I want to emphasize that none of the new people appear to be extremists," Dalio said. Dalio said the leadership changes mean most of the people he knew who were "reformist-globalists" are being replaced. This week, Xi and U.S. President Joe Biden met in person for the first time since Biden took office.

HONG KONG — Chinese leader Xi Jinping’s first two terms in power were marked by intensifying competition and tensions with the United States. The United States does not seek conflict with China, Biden told a meeting of his top military advisers Wednesday. “China stands ready to work with the United States to find the right way to get along with each other in the new era,” he said. But China under Xi has a “superficial stability,” Johnson said. Hulton Deutsch / Corbis via Getty ImagesAt 69, Xi has appointed no obvious successor, indicating he may plan to stay in power indefinitely.

☆ China’s Xi Jinping Set to Give ‘Wolf Warrior’ Diplomacy More Bite
▼ + stars: | 2022-10-26 | by ( Chun Han Wong | Keith Zhai | ) www.wsj.com time to read: 1 min

Chinese leader Xi Jinping is overhauling his foreign policy team with promotions for some of his most loyal and combative envoys, a move likely to embolden his diplomats’ aggressive ethos in confronting the West. Qin Gang, Mr. Xi’s handpicked envoy to the U.S. since July 2021, is a leading contender to become China’s foreign minister in the spring, according to people familiar with the matter. Known for his often brusque rhetoric in asserting Beijing’s interests, the 56-year-old was appointed to the Communist Party’s Central Committee as one of its 205 full members on Saturday—making him the first incumbent ambassador to be promoted directly to full membership of the elite body since the end of the Mao era.

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