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☆ South Korea, China, Japan Top Diplomats Seek to Boost Trilateral Cooperation
▼ + stars: | 2023-11-25 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

By Hyonhee ShinSEOUL (Reuters) - The foreign ministers of South Korea, China and Japan meet in South Korea on Sunday, seeking to restart cooperation among the Asian neighbours and pave the way for a trilateral summit. In September, senior officials from the three countries agreed to arrange a trilateral summit at the "earliest convenient time". South Korean Foreign Minister Park Jin met separately on Sunday morning with his Japanese counterparts Yoko Kamikawa and China's Wang Yi. South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida have taken steps to mend ties frayed by history and trade feuds, and held a historic trilateral summit in August with Biden. Wang warned in July that U.S. efforts to strengthen relations with Seoul and Tokyo could raise regional tension and confrontation.

Persons: Shin, Xi Jinping, Joe Biden, Park Jin, Yoko Kamikawa, China's Wang Yi, Kamikawa, Wang, Yoon Suk Yeol, Fumio Kishida, Biden, Hyonhee Shin, Sam Nussey, William Mallard Organizations: Sunday, South Korean Foreign, South, Kyodo Locations: Shin SEOUL, South Korea, China, Japan, United States, Beijing, Washington, Tokyo, Seoul, Busan, North, Pyongyang, Moscow

☆ China Says It Is in Interest of All Parties to Ensure Peace, Stability on Korean Peninsula
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - China's foreign ministry said it is in the interest of all parties to ensure peace and stability on the Korean Peninsula after North Korea claimed it successfully placed its first spy satellite in orbit, vowing to launch more in the near future. After two failed attempts, North Korea's latest launch drew the ire of South Korea and Japan. "Maintaining peace and stability on the peninsula and promoting the process of political settlement of the peninsula issue are in the common interests of all countries in the region," she said. South Korea, Japan and the United States had coordinated to position Aegis destroyers to track the launch and shared that data, South Korea's military said. "China will continue to play a constructive role in promoting the political settlement of the Peninsula issue,” she said.

Persons: Mao Ning, Carl Vinson, Mao, ”, Liz Lee, Bernard Orr, Jacqueline Wong, Gerry Doyle Organizations: U.S Locations: BEIJING, North Korea, Korea, Japan, China, South Korea, United States, Korean, Busan

☆ China says it would be a 'huge foreign policy mistake' for Argentina to cut ties
▼ + stars: | 2023-11-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Argentine presidential candidate for the La Libertad Avanza alliance Javier Milei speaks to supporters after winning the presidential election runoff at his party headquarters in Buenos Aires on November 19, 2023. China on Tuesday issued a warning to Argentina that it would be a "huge foreign policy mistake" for Buenos Aires to cut ties, shortly after right-wing libertarian Javier Milei secured victory in the South American nation's presidential runoff. The president-elect said Argentina would no longer work with "communist" regimes, reportedly likened Beijing's government to an "assassin" and said the people of China were "not free." China's Foreign Ministry Spokesperson Mao Ning said on Tuesday that bilateral relations had shown "sound momentum," adding that Beijing "stands ready to work with Argentina to keep our relations on a steady course." "No countries could step out of diplomatic relations and still be able to engage in economic trade and cooperation," Mao said.

Persons: Javier Milei, Sergio Massa, Mao Ning, Mao Organizations: Argentine, La Libertad, American, Peronist Economy, China's Foreign Locations: Buenos Aires, China, Argentina, Beijing

BEIJING, Nov 20 (Reuters) - Arab and Muslim ministers called on Monday for an immediate ceasefire in Gaza, as their delegation visited Beijing on the first leg of a tour to push for an end to hostilities and to allow humanitarian aid into the devastated Palestinian enclave. Saudi Arabia has sought to press the United States and Israel for an end to hostilities in Gaza, and Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, gathered Arab and Muslim leaders to reinforce that message. Gaza's Hamas-run government said at least 13,000 Palestinians have been killed in Israeli bombardments since then, including at least 5,500 children. 'BROTHER AND FRIEND'China's Wang said Beijing was a "good friend and brother of Arab and Muslim countries," adding it has "always firmly supported the just cause of the Palestinian people to restore their legitimate national rights and interests." Reporting by Yew Lun Tian, Laurie Chen and Beijing newsroom; Editing by Edmund Klamann & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Yi, Prince Faisal bin Farhan Al Saud, Israel, Prince Mohammed bin Salman, Sameh Shoukry, Beijing Irit Ben, Abba, China's Wang, COVID lockdowns, Xi, Wang, Zhai Jun, Yew Lun Tian, Laurie Chen, Edmund Klamann, Simon Cameron, Moore Organizations: . Security, of Islamic Cooperation, Saudi Foreign, Court, Hamas, Western, Palestinian Authority, West Bank, Arab League, EU, Palestine, United Nations, Thomson Locations: BEIJING, Gaza, Beijing, Saudi Arabia, Jordan, Egypt, Indonesia, Palestine, Riyadh, Palestinian, United States, Israel, China, China's

☆ IMF, China ready to work with new Argentina leader Milei
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Argentine president-elect Javier Milei waves to his supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian Acquire Licensing RightsLONDON, Nov 20 (Reuters) - Kristalina Georgieva, head of the International Monetary Fund, and a spokesperson for China's foreign ministry said on Monday they were ready to work with Argentina's president-elect Javier Milei. Argentina elected right-wing libertarian Javier Milei as its new president on Sunday, rolling the dice on an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty. The IMF has a $44 billion loan program with Argentina. Reporting by Karin Strohecker and Liz Lee in Beijing; editing by Marc Jones and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Javier Milei, Agustin Marcarian, Georgieva, Mao Ning, Karin Strohecker, Liz Lee, Marc Jones, Mark Heinrich Our Organizations: Argentine, REUTERS, International Monetary Fund, IMF, South, Thomson Locations: Buenos Aires, Argentina, China, Beijing

JOHANNESBURG/LONDON, Nov 15 (Reuters) - Zambia's official creditors including China rejected a deal the country struck with its international bondholders because they believed its "base case" scenario did not deliver debt relief comparable to what they offered in a separate deal, two sources familiar with the talks said. Official creditors said the agreement in principle, which the International Monetary Fund (IMF) also rejected, did not comply with "Comparability of Treatment", said the sources, who declined to be identified as the discussions are private. Both bondholders and official creditors had proposed extending the maturity of Zambia's debt and that it be paid back quicker if the country's economy performs better than expected. The bondholder deal proposed they would be paid more than $700 million before 2026 in the base case, while official creditors had offered a longer three-year grace period. Bondholders would need to offer more debt relief in the base case scenario for the deal to be acceptable to official creditors and the IMF, one of the sources said.

Persons: Rachel Savage, Karin Strohecker, Marc Jones, Alexandra Hudson Organizations: International Monetary Fund, IMF, Paris Club, Alexandra Hudson Our, Thomson Locations: JOHANNESBURG, LONDON, China, Zambia

China detained the executive, named in several media reports as Hiroshi Nishiyama, on suspicion of espionage in March, and he was formally arrested last month. Japan's then foreign minister protested the executive's detention with his Chinese counterpart on a visit to Beijing in April. China's foreign ministry did not immediately respond to a request for comment. Half the respondents in a recent survey of Japanese companies doing business in China said they would cut investments this year. It's a very difficult point in time to be navigating that as a decision maker, in business or politics," he said.

Persons: Fumio Kishida, Xi Jinping, Rahm Emanuel, Hiroshi Nishiyama, Japan's, Xi, Masashi Mizobuchi, Nishiyama, Takeshi Niinami, Niinami, Stefan Angrick, Yukiko Toyoda, Kiyoshi Takenaka, John Geddie, Sakura Murakami, Francis Tang, Laurie Chen, Antoni Slodkowski, Andrew Silver, Lincoln Organizations: Economic Cooperation, Kyodo, drugmaker Astellas Pharma, APEC, Reuters, Japanese Chamber of Commerce, Japan Association of Corporate, Suntory, Moody's Analytics, Thomson Locations: Asia, Bangkok, Thailand, TOKYO, BEIJING, China, San Francisco, Tokyo, U.S, Japan, Beijing, officialdom, Shanghai

☆ As Biden and Xi gear up for a high-stakes meeting, experts have low expectations
▼ + stars: | 2023-11-12 | by ( Megan Lebowitz | ) www.cnbc.com time to read: +8 min

Senior U.S. administration officials detailed a handful of agenda items during a briefing with reporters. "We're not talking about a long list of outcomes or deliverables," a senior administration official told reporters. Even in recent days, Chinese officials were hesitant to confirm that Xi would attend the meeting with Biden. Biden and Xi's meeting also comes in the lead-up to Taiwan's 2024 presidential election in January, followed by the U.S. election. "We've been clear publicly and privately that interference in the Taiwan election is something we're extremely concerned about," a senior administration official said.

Persons: Xi Jinping, Joe Biden, Xi, Colleen Cottle, Jude Blanchette, They've, Thomas Fingar, Fingar, Biden, Wang Wenbin, Karine Jean, Pierre, Jean, Oriana Skylar Mastro, Ely Ratner, Ratner, We've, we've, Li Shangfu, Li, David Sacks, Sacks, Xi's Organizations: Global China, Atlantic Council, Senior, Center for Strategic, International Studies, Stanford University, National Intelligence Council, White, U.S ., American Enterprise Institute, NBC News, Defense, Biden, China, Council, Foreign Relations, U.S, Washington Locations: Nusa Dua, Indonesian, Bali, U.S, China, Taiwan Strait, South China, San Francisco, People's Republic of China, Taiwan

☆ Philippines denounces China for 'unprovoked acts of coercion' to block resupply mission
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsMANILA/BEIJING, Nov 10 (Reuters) - The Philippines on Friday condemned China's coast guard for "unprovoked acts of coercion and dangerous manoeuvres," including its use of a water cannon against one of its boats in an attempt to disrupt a resupply mission in the South China Sea. China's coast guard said two small Philippine transport ships and three coast guard ships entered the waters without the permission of the Chinese government and urged the Philippines to stop infringing on Beijing's sovereignty. Japanese Prime Minister Fumio Kishida said during his visit to Manila on Saturday that his country, the Philippines and the United States were cooperating to protect the freedom of the South China Sea. China's use of water cannons followed a series of incidents in the South China Sea, including the collisions between China's vessels and two Manila ships on Oct. 22. The Philippines accused China coastguard of "intentionally" colliding with its vessels.

Persons: Carlos Dominguez, Gao Hucheng, Damir Sagolj, Thomas, Thomas Shoal, Wang Wenbin, Fumio Kishida, Neil Jerome Morales, Bernard Orr, Christopher Cushing, Gerry Doyle, Christina Fincher Organizations: Philippine, China's, REUTERS, South China, Official Development, China coastguard, Beijing, Thomson Locations: Beijing, China, MANILA, BEIJING, Philippines, China's, South China, South, Manila, Ayungin, Philippine, Thomas Shoal, United States, Japan, Japanese, Washington, Hague

[1/2] People walk past a booth of ICBC Credit Suisse Asset Management Co at the 2020 China International Fair for Trade in Services (CIFTIS), in Beijing, China September 5, 2020. China's foreign ministry spokesperson Wang Wenbin said that business remained normal at ICBC head office, other branches and subsidiaries across the globe. Some market participants said trades going through ICBC were not settled due to the incident and that market liquidity had been affected. ICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. While market sources said on Thursday the impact of the ICBC hack appeared limited, the attack underlined how vulnerable systems at large organizations continue to be.

Persons: Tingshu Wang, ICBC, Wang Wenbin, Wang, Jerome Powell, Lockbit, Harry Robertson, Yoruk, Dhara Ranasinghe, Alexander Smith Organizations: Asset Management, Fair for Trade, Services, REUTERS, Industrial, Commercial Bank of China, Global, ICBC's, Authority, Traders, U.S . Treasury, Federal, Treasury, Cybersecurity, Infrastructure Security Agency, Thomson Locations: Beijing, China, China's, ICBC's U.S, Europe, Hong Kong, Shanghai, London, Amsterdam

Myanmar's junta leader General Min Aung Hlaing, who ousted the elected government in a coup on February 1, 2021, presides over an army parade on Armed Forces Day in Naypyitaw, Myanmar, March 27, 2021. "This is the weakest the Tatmadaw has been since the coup," the diplomat said, referring to Myanmar's military and asking not to be named. Maung Saungkha, leader of the Bamar People's Liberation Army, which contributed troops to the offensive, told Reuters the rebel alliance had spent more than a year preparing to take on the better-armed military. CHINA'S SHADOWSo far, rebel troops have faced unexpectedly weak opposition from the military, according to analysts and resistance leaders who spoke to local media. In a statement announcing the operation, the alliance said they intended to remove those enclaves, which they said were protected by the junta.

Persons: General Min Aung Hlaing, Stringer, Maung Saungkha, Nobel, Aung, Suu Kyi, Min Aung, Richard Horsey, Simon Cameron, Moore Organizations: Armed Forces, REUTERS, Junta, United States Institute of Peace, United Nations, Liberation Army, Reuters, National Unity Government, Arakan Army, Myanmar National Democratic Alliance Army, National Liberation Army, Crisis, Thomson Locations: Naypyitaw, Myanmar, BANGKOK, China, Myanmar's, Shan, Beijing, Suu, Sagaing, Arakan

China's foreign ministry said on Friday the lender is striving to minimise risk impact and losses after the attack. "We don't often see a bank this large get hit with this disruptive of a ransomware attack," said Allan Liska, a ransomware expert at the cybersecurity firm Recorded Future. TRADES CLEAREDICBC said it had successfully cleared Treasury trades executed on Wednesday and repurchase agreements (repo) financing trades done on Thursday. Some market participants said trades going through ICBC were not settled due to the attack and affected market liquidity. The Treasury market appeared to be functioning normally on Thursday, according to LSEG data.

Persons: Kim Kyung, ICBC, Wang Wenbin, Wang, Lockbit, Allan Liska, Scott Skrym, Michael Gladchun, Loomis Sayles, SIFMA, Urvi, Pete Schroder, Gertrude Chavez, Davide Barbuscia, Carolina Mandl, Paritosh Bansal, Joe Cash, Stephen Coates, Tomasz Janowski Organizations: Commercial Bank of China Ltd, REUTERS, Industrial, Commercial Bank of China, Commercial Bank of China's, U.S . Treasury, ICBC Financial Services, Cybersecurity, Infrastructure Security Agency, Boeing, U.S . Treasury Department, Treasury, Securities, Financial Times, U.S . Securities Industry, Financial Markets Association, Thomson Locations: Beijing, China, U.S, Bengaluru, Washington, Carolina

☆ China urges Myanmar to cooperate on maintaining stability on border
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 6 (Reuters) - Myanmar should cooperate with China to maintain stability on their common border, a Chinese official said on Monday, after a surge of fighting in Myanmar between junta forces and insurgents rocked the region. "Myanmar is called on to cooperate with China to maintain stability along the China-Myanmar border, earnestly ensure the safety of the lives and property of Chinese border residents, and take effective measures to strengthen the security of Chinese personnel," Nong said. Nong, who visited Myanmar on Nov. 3-5, said China hoped Myanmar would restore stability, and it supported all parties to properly handle differences and achieve reconciliation through dialogue as soon as possible. While Western governments have condemned the Myanmar military and imposed sanctions on it, China, along with Russia, have been supportive of the generals. China says it supports Myanmar in finding its own path and has urged the international community to respect its sovereignty.

Persons: Nong, Nobel, Aung, Wang Wenbin, Ella Cao, Bernard Orr, Tom Hogue, Robert Birsel Organizations: Asia Times, Thomson Locations: BEIJING, Myanmar, China, Thailand, Suu Kyi, Russia

(AP) — U.S. Treasury Secretary Janet Yellen will host Chinese Vice Premier He Lifeng for two days of talks this week, the latest in a series of high-level talks between U.S. and Chinese officials as the world's two largest economies aim to ease tensions, the Treasury Department announced Monday. The Yellen-He talks set for Thursday and Friday come ahead of the start of the Asia-Pacific Economic Cooperation summit in San Francisco which starts November 11. Xi similarly met with Blinken in June when the secretary of State traveled to Beijing for talks with Wang. Yellen is expected to amplify the message on climate during her talks with He in San Francisco. Critics, including the Biden administration, say China’s projects often create massive debt and expose nations to undue influence by Beijing.

Persons: Janet Yellen, Joe Biden, Xi Jinping, ” Yellen, Biden, Wang Yi, Antony Blinken, Jake Sullivan, Xi, Wang, Yellen, “, Ralph Johnson, Ken Moritsugu Organizations: —, Treasury, U.S, Treasury Department, Economic Cooperation, Chinese Foreign, White, White House, Blinken, Ministry, San Francisco . Treasury, Initiative, Pentagon, Associated Press Locations: REHOBOTH BEACH, Del, Asia, San Francisco, Washington, Beijing, China, San Francisco ., U.S, Africa, Yellen, East, South China, American, Philippines, Philippine

☆ US airs concerns to China about 'dangerous and unlawful' South China Sea actions
▼ + stars: | 2023-11-03 | by ( David Brunnstrom | ) www.reuters.com time to read: +3 min

A Philippine supply boat sails near a Chinese Coast Guard ship during a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - The United States and China held "candid" talks on maritime issues on Friday, including on the contested South China Sea, and the U.S. side underscored its concerns about "dangerous and unlawful" Chinese actions there, the U.S. State Department said. It described the talks as "substantive, constructive, and candid" and said they covered a range of maritime issues, including the South China Sea and East China Sea, which are contested by China and other nations. "The United States underscored concerns with the PRC's dangerous and unlawful actions in the South China Sea," it said, referring to the People's Republic of China. A State Department spokesperson said the U.S. Assistant Secretary for Arms Control Mallory Stewart would host Sun Xiaobo, head of the arms-control department at China's Foreign Ministry, at the State Department next week.

Persons: Adrian Portugal, Mark Lambert, Ocean Affairs Hong Liang, Joe Biden, Xi Jinping, Wang Yi, Mallory Stewart, Sun Xiaobo, Biden, Xi, David Brunnstrom, Sandra Maler, David Gregorio Our Organizations: Coast Guard, REUTERS, Rights, U.S . State Department, Ocean Affairs Hong, State Department, APEC, U.S ., U.S, Arms, Sun, China's Foreign Ministry, Biden, Thomson Locations: Philippine, South China, United States, China, U.S, Beijing, Boundary, San Francisco, The U.S, South, East China, People's Republic of China, Washington

Arctic-2 LNG has been expecting to start exporting soon and it is uncertain how much Russian LNG would be blocked by the new measures. The largest Russian LNG producer Novatek (NVTK.MM) said in September it would start shipments from Arctic-2 LNG early next year. The State Department said Zakharov is the creator and designer of the drones. "And every sanctions decision must work in full, so that there is no chance for Russia to bypass them." The State Department also imposed sanctions on multiple defense-related entities and procurement companies in the UAE.

Persons: Volodymyr Zelenskiy, Joe Biden, Doug Mills, Biden, Vladimir Putin, Antony Blinken, Aleksandr Zakharov, Zakharov, Andriy Yermak, Yermak, Daphne Psaledakis, Timothy Gardner, Alexandra Alper Mike Stone, Karen Freifeld, Yuliia Dysa, Ron Popeski, Nick Zieminski, Diane Craft Organizations: U.S, White, Rights, Moscow, State Department, Commerce Department, United Arab, Treasury Department, Systems, Treasury, Russian LNG, European, ZALA Aero, Russian Ministry of Defense, The State Department, Russian Federation, Washington, Turkish, UAE . Construction, Thomson Locations: Washington , U.S, United States, Ukraine, Siberia, Washington, Russian, U.S, United Arab Emirates, Turkey, China, Russia, Moscow, Crimea, Europe, European Union, Ukrainian, ZALA, UAE, New York, Gdansk, Beijing

☆ China agrees to nuclear arms-control talks with US -WSJ
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 1 (Reuters) - China and the United States will discuss nuclear arms control next week, the first such talks since the Obama administration, the Wall Street Journal reported on Wednesday. Those arms talks would be led on Monday by Mallory Stewart, a senior State Department official, and Sun Xiaobo, the head of the arms-control department at China's Foreign Ministry, the Wall Street Journal report said. Since then, U.S. officials had expressed frustration that China showed little interest in discussing steps to reduce nuclear weapons risks. Daryl Kimball, executive director of the Washington-based Arms Control Association, said the overdue arms talks would likely focus on promoting greater transparency of each countries' nuclear doctrines and more effective crisis-communication channels.

Persons: Brian Snyder, Obama, Wang Yi, Mallory Stewart, Sun Xiaobo, Jake Sullivan, Joe Biden, Xi Jinping, Daryl Kimball, Kimball, Jasper Ward, Dan Whitcomb, Michael Martina, David Brunnstrom, Sandra Maler, Grant McCool Organizations: REUTERS, Wall Street, China's, State Department, China's Foreign Ministry, Wall, U.S . State Department, Reuters, U.S . National, Pentagon, Biden, Control, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, Washington, Russia, Beijing, San Francisco

☆ China says US statement on collision with Philippine boat disregards facts
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

A Philippine flagged boat is blocked by a China Coast Guard vessel during an incident that resulted in a collision between the two vessels, in the disputed waters of the South China Sea in this screen grab obtained from handout video released October 22, 2023. China Coast Guard/Handout via REUTERS Acquire Licensing RightsBEIJING, Oct 23 (Reuters) - China's foreign ministry on Monday said a U.S. statement in which Washington sided with the Philippines regarding a collision between vessels in the South China Sea "disregarded the facts". China and the Philippines traded accusations on Sunday over the collision in disputed waters of the South China Sea, as Chinese vessels blocked Philippine boats supplying forces there in the latest of a series of maritime confrontations. In a statement on Sunday, the U.S. State Department said China's coast guard had "violated international law by intentionally interfering with the Philippine vessels' exercise of high seas freedom of navigation". Maritime confrontations between Manila and Beijing have become a regular feature in the South China Sea, as both countries assert their territorial claims in the highly strategic waters.

Persons: Mao Ning, China's, Mao, Thomas Shoal, Thomas, Liz Lee, Bernard Orr, Christopher Cushing, Miral Organizations: China Coast Guard, REUTERS Acquire, Rights, Washington, U.S . State Department, Thomson Locations: Philippine, South, Rights BEIJING, U.S, Philippines, China, South China, United States, China's Nansha, Spratly Islands, Manila, Beijing

☆ China has stolen more personal and corporate information than every other country in the world combined, FBI director says
▼ + stars: | 2023-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

He told 60 Minutes that China has stolen more US data "than every nation, big or small, combined." Stolen more of our personal and corporate data than every nation, big or small, combined," Wray told 60 Minutes' Scott Pelley in an interview that aired on Sunday. Wray told Pelley China's intelligence work poses a significant threat to the US. "You seem to be saying that the Chinese government is running a criminal enterprise," Pelley told Wray during the interview. In a statement to 60 Minutes, China said it "firmly oppose the groundless allegations and smears" by the news program's interviewees.

Persons: Christopher Wray, Wray, —, Scott Pelley, Pelley, that's, Wang Wenbin, Wang, Richard Moore, Moore, Politico's Anne McElvoy . Organizations: Service, Street Journal, China's, Journal, Embassy, Foreign Ministry, China's Foreign Locations: China, Canada, Australia, New Zealand, Cuba, Washington

☆ China Ready to Boost Pakistan Ties but Urges Security Guarantee -Xi
▼ + stars: | 2023-10-20 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China is willing to strengthen co-operation and promote solidarity with Pakistan but has urged it to guarantee the safety of Chinese organisations and personnel working there, China's foreign ministry said, quoting President Xi Jinping. China is a major ally and investor in Pakistan but both separatist and Islamist militants have attacked Chinese projects over recent years, killing Chinese personnel. "We hope the Pakistani side will guarantee the safety of Chinese institutions and personnel in Pakistan," the ministry cited Xi as telling Kakar. Separatist insurgents in Pakistan's resource-rich Balochistan province say China has ignored warnings not to enter deals with the Pakistani government. China has also warned of the danger or Islamist militants in Pakistan.

Persons: Xi Jinping, Xi, Anwar ul Haq Kakar, Kakar, countries.China, Liz Lee, Robert Birsel Organizations: Initiative, Wednesday Pakistan, Shanghai Cooperation Organisation, Separatist Locations: BEIJING, China, Pakistan, Beijing, Pakistani, Balochistan

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

Domestic equipment manufacturers, such as toolmaker Naura (002371.SZ) and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed. "There is definitely huge progress happening in the Chinese semiconductor equipment space, as reflected in the strong revenue growth metrics," he said. The Huatai Securities report revealed that for the first eight months of 2023, only one tender for lithography equipment was awarded to a Chinese company, out of many bids. "Local players still lack capability to supply a full set of equipment, such as EUV," said Nori Chiou, investment director at White Oak Capital, saying Chinese manufacturers are focused on covering mature node equipment. "It’s a long way to go to see advanced semiconductor equipment made in China."

Persons: Florence Lo, Xi Jinping, Biden, Hua Hong, SMIC, Nori, Fanny Potkin, Yelin, Ellen Zhang, Brenda Goh, Sharon Singleton Organizations: REUTERS, Companies, Huatai Securities, Beijing, Reuters, HK, Hua Hong Semiconductor, CINNO Research, Analysts, Materials Inc, Lam Research Corp, U.S, Huawei Technologies, White Oak, Thomson Locations: China, SINGAPORE, BEIJING, Japan, Netherlands, U.S, ASML, Singapore, Yelin Mo, Beijing

Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.

Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia

[1/2] Performers dance to welcome Vietnam's President Vo Van Thuong at Beijing Capital International Airport ahead of the Third Belt and Road Forum in Beijing, China, October 17, 2023. The conciliatory approach towards rivals as well as China's partners in the developing world comes as President Xi Jinping gets to grips with the most significant domestic economic problems seen in years. China has not changed its tone on every issue. It has not backed away from escalating maritime confrontation with the Philippines in the South China Sea. Stabilizing the U.S. relationship, including with a meeting between Xi and U.S. President Joe Biden at an upcoming Asia- Pacific summit, could give China breathing room.

Persons: Vo Van Thuong, Parker, Biden, Xi Jinping, Noah Barkin, Barkin, Cheng Lei, Xi, Chuck Schumer, Willy Lam, Huiyao Wang, Qin Gang, Li Shangfu, Joe Biden, Donald Trump, Zack Cooper, Don Durfee, Robert Birsel Organizations: Beijing Capital International, Forum, U.S, Initiative, Jamestown Foundation, for, Marshall, American Enterprise Institute, Washington, Thomson Locations: Beijing, China, San Francisco China, HONG KONG, WASHINGTON, Sri Lanka, United States, Asia, Europe, Australia, U.S, Zambia, Philippines, South China, Africa, for China

☆ African ambassador criticizes IMF, World Bank for not giving enough loans
▼ + stars: | 2023-10-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

John Wessels | Afp | Getty ImagesBEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. "The problem is that the ratings we are making for the African [countries] should be different," Ibrahima Sory Sylla, ambassador for the West African country of Senegal, said Thursday at an event at Peking University. The research claimed every 1% increase in Chinese loans resulted in an increase of 0.176% in African economic growth. Allan Joseph Chintedza, ambassador of Malawi to China, said the report should look also at the repayment period for Chinese loans. The East African country needs to provide a "sustainability letter" from the Chinese government in order to borrow more from the IMF, Chintedza added.

Persons: John Wessels, Sylla, Poor's, Senegal's Sylla, Fitch, Wu Peng, Jang Ping Thia, Thia, Vladimir Putin, Allan Joseph Chintedza, Chintedza Organizations: Afp, Getty, BEIJING —, International Monetary Fund, World Bank, West, Peking University, Fitch, IMF, Bank, United, Loans, Boston, Global, Policy Center, CNBC, Asian Infrastructure Investment Bank, Initiative, Peking University's Institute, New Locations: Senegal's, Dakar, BEIJING, China, Senegal, West Africa, Africa, Beijing, Malawi

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