DIRS.INFO The most relevant business & tech news

The Biden administration was willing to work to promote trade with China for many categories of goods. There is a long history of frustrating and unproductive economic dialogues between the United States and China, and there are not many reasons to believe this time will prove different. And Biden administration officials argue that even the shift to begin talking has been significant, after a particularly tense period. Relations between the United States and China became frosty last August when Representative Nancy Pelosi, the House speaker at the time, visited Taiwan, and they froze entirely after a Chinese surveillance balloon flew across the United States in February. Ms. Raimondo’s trip capped a summer of outreach by four senior Biden officials.

Persons: Biden, China’s, Ms, Raimondo, Nancy Pelosi, Nicholas Burns, “, ” Organizations: U.S ., Biden Locations: China, United States, U.S, Taiwan

☆ Disney diplomacy: US commerce secretary visits China theme park
▼ + stars: | 2023-08-30 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/3] U.S. Commerce Secretary Gina Raimondo, is escorted by officials as she tours the Shanghai Disneyland in Shanghai, China, Wednesday, Aug. 30, 2023. After a four-day visit largely filled with long sessions in rooms with Chinese government officials, Raimondo got a quick tour of the Disney park. Ambassador to China Nicholas Burns, confessed she had never before been to a Disney park but said she had seen all of the animated Disney movies. Disney has emphasized its Chinese links since Shanghai Disneyland - a joint venture with state-owned Shendi Group - opened in 2016. Raimondo has said that boosting tourism between the two countries was one objective of her visit to China.

Persons: Gina Raimondo, Andy Wong, Raimondo, " Raimondo, China Nicholas Burns, Taylor Swift, Wolfgang Puck, Mickey Mouse, David Shepardson, Angus MacSwan Organizations: . Commerce, Shanghai, REUTERS Acquire, Rights, Boeing, Disney, U.S, Shendi, New York University, Thomson Locations: Shanghai, China, Disney

☆ Here's what the U.S. hopes China will do after Raimondo's trip
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export controls and tourism. In her two days in Beijing, Raimondo met with Premier Li Qiang, Vice Premier He Lifeng, Commerce Minister Wang Wentao and Minister of Culture and Tourism Hu Heping. Here's what they agreed to do, according to public announcements:Establish a commercial issues working group between the commerce departments — meet twice a year at the vice minister level, and once at the minister level. Launch export control enforcement information exchange — first in-person meeting held at the assistant secretary level at the Ministry of Commerce in Beijing on Tuesday. He noted that in his first 15 months in China as ambassador, there were no U.S. discussions at a senior level with Chinese officials.

Persons: Gina Raimondo, Raimondo, Li Qiang, Wang Wentao, Hu, Wang, China Nicholas Burns Organizations: Commerce, of, People, BEIJING — U.S . Commerce, Culture, —, Ministry of Commerce, U.S . Tourism Leadership, U.S Locations: Beijing, BEIJING — U.S, Shanghai, U.S, China

☆ US Commerce chief seeks trade, tourism boost in China talks
▼ + stars: | 2023-08-27 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

[1/4] U.S. Commerce Secretary Gina Raimondo, shakes hands with Lin Feng, Director General of China Ministry of Commerce as U.S. Republicans in Congress have criticized the possibilityRaimondo will establish a working group with China during the visit to discuss U.S. semiconductor export controls. China's ambassador to the United States, Xie Feng, who met Raimondo last week, said China seeks "mutual respect, peaceful coexistence and win-win cooperation". 'MANY CHALLENGES'Raimondo, the fourth high-level U.S. official to visit China recently, is the first commerce secretary to make the trip in seven years. China and the United States agreed this month to double the number of flights permitted between them - still a fraction of the number before the pandemic.

Persons: Gina Raimondo, Lin Feng, China Nick Burns, Andy Wong, Raimondo, I'm, Mintz, " Raimondo, China Nicholas Burns, Joe Biden, Xie Feng, Wendy Cutler, Xi Jinping, Walt Disney, David Shepardson, Michael Martina, Robert Birsel, Bill Berkrot Organizations: . Commerce, China Ministry of Commerce, Beijing Capital International Airport, REUTERS Acquire, Rights, Micron Technology, U.S, Chinese Commerce Ministry, Republicans, Asia Society Policy Institute, United, Walt, Shendi Group, Reuters, Boeing, Thomson Locations: China, Beijing, Rights BEIJING, United States, Shanghai, America, U.S, Washington

/U.S House of Representatives/Handout via REUTERS /File PhotoWASHINGTON, Aug 15 (Reuters) - Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese Communist Party had access to his accounts for about a month ending on June 16, he said on social media platform X, formerly known as Twitter. CNN previously reported that email accounts in the House of Representatives were targeted as part of the same campaign. The Chinese Embassy in Washington did not immediately respond to a message seeking comment. Reporting by Christopher Bing and Raphael Satter; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Don Bacon of Nebraska, Don Bacon, Bacon, Gina Raimondo, China Nicholas Burns, Christopher Bing, Raphael Satter, Devika Organizations: Republican U.S . Rep, U.S . House, REUTERS, Nebraska Republican, FBI, Chinese Communist Party, Twitter, Microsoft, U.S, U.S . Commerce, CNN, Communist, Embassy, Air Force, House Armed Services Committee, Thomson Locations: Nebraska, China, Washington

☆ US officials search for hidden Chinese malware that could affect military operations
▼ + stars: | 2023-07-29 | by ( Kaanita Iyer | ) edition.cnn.com time to read: +3 min

CNN —US officials are searching for Chinese malware hidden in various defense systems that could disrupt military communications and resupply operations, The New York Times reported Saturday. The administration believes malicious computer code has been hidden inside “networks controlling power grids, communications systems and water supplies that feed military bases,” officials told the Times. The discovery has heightened concerns that hackers could “disrupt US military operations in the event of a conflict,” according to the Times. One congressional official told the newspaper that the malware was “a ticking time bomb” that could allow China to cut off power, water and communications to military bases, slowing deployments and resupply operations. Because military bases often share the same supply infrastructure as civilian homes and businesses, many other Americans could also be affected, officials told the Times.

Persons: China Nicholas Burns, Biden, –, Antony Blinken’s, Blinken Organizations: CNN, New York Times, Times, Microsoft, White House, State Department, Department of Commerce, FBI Locations: Taiwan, China, Beijing, Indonesia

☆ Chinese hackers breached email accounts of top U.S. diplomats
▼ + stars: | 2023-07-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

(Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)China-linked hackers breached the email account of U.S. The hackers also accessed the email account of Daniel Kritenbrink, the assistant Secretary of State for East Asia, who recently travelled with Secretary of State Antony Blinken to China, said NBC, citing two U.S. officials familiar with the matter. CNBC reached out to China's Foreign Ministry for comment but has yet to hear back. The beach was limited to the diplomats' unclassified email accounts, NBC said adding that Secretary of Commerce Gina Raimondo's email account was also accessed in the breach, as previously reported. The news, first reported by the Wall Street Journal, further fuels the fallout for the U.S. of the alleged Chinese hack first revealed last week.

Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, China Nicholas Burns, Daniel Kritenbrink, Commerce Gina Raimondo's Organizations: Central Foreign Affairs Commission, Getty Images, NBC News, State, NBC, CNBC, China's Foreign, Commerce, Wall Street Journal, U.S Locations: Diaoyutai, Beijing, China, East Asia

☆ Factbox: The Chinese groups accused of hacking the US and others
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

July 21 (Reuters) - Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. The Chinese authorities said it was not aware of such hacking and described the accusations as baseless. Palo Alto Networks, a U.S. cybersecurity firm, said its research showed BackdoorDiplomacy had links to the Chinese state and was part of the APT15 hacking group. The Chinese authorities have described such reports as "groundless accusations." APT 27Western intelligence agencies and cybersecurity researchers say Chinese hacking team APT 27 is sponsored by the state and has launched multiple attacks on Western and Taiwanese government agencies.

Persons: Gina Raimondo, China Nicholas Burns, Daniel Kritenbrink, BackdoorDiplomacy, TeamT5, Nancy Pelosi, Pelosi, Mandiant, Fanny Potkin, John Geddie, Jamie Freed Organizations: Microsoft, . Commerce, Wall, Storm, Reuters, Alto Networks, APT, U.S Department Justice, U.S, Thomson Locations: China, Beijing, U.S, East Asia, Washington, Western, Taiwan, Japan, South Korea, United States, Hong Kong

☆ CNBC Daily Open: Tech stocks had a rough day, but that's okay
▼ + stars: | 2023-07-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rice prices riseWhether your carbohydrate of choice is rice, bread or noodles, expect to pay more for it. Global rice prices are already at a record high because of shortages. Morgan Stanley picks a list of global stocks it thinks will beat the market — and are priced less than the bank thinks they're worth.

Persons: Dow, Elon Musk, China Nicholas Burns, Daniel Kritenbrink, Gina Raimondo, Morgan Stanley Organizations: CNBC, Dow outperforms, Dow Jones, Nikkei, Initiative, Elon, SpaceX, Twitter, The Boring Company, NBC News, State, Commerce, Global Locations: Dow outperforms U.S, Asia, Pacific, India, Russia, China, East Asia

CNN —China-based hackers breached the email account of US Ambassador to China Nicholas Burns as part of a recent targeted intelligence-gathering campaign, three US officials familiar with the matter told CNN. Blinken raised the issue of the hacking incident in a meeting with top Chinese diplomat Wang Yi last week, a senior State Department official said. A State Department analyst in mid-June noticed unusual cyber activity on the department’s computer systems and alerted Microsoft to the issue, according to multiple sources. Eric Goldstein, a senior CISA official, told CNN he fielded calls about the hack while on a weekend getaway out of Washington with his children. CISA’s engineers used a simulation lab to test different theories of how the hackers might have gotten into the State Department email accounts, he told CNN.

Persons: China Nicholas Burns, Daniel Kritenbrink, Antony Blinken, Gina Raimondo, Biden, Blinken, Wang Yi, Burns, ’, ” Blinken, Washington, Eric Goldstein, ”, Goldstein Organizations: CNN, State, Wall Street, FBI, State Department, Microsoft, Infrastructure Security Agency Locations: China, East Asia, Beijing, Blinken’s, United, Jakarta, Indonesia, Washington

☆ US Ambassador to China hacked in China-linked spying operation, Wall Street Journal reports
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: 1 min

July 20 (Reuters) - Hackers linked to Beijing accessed the email account of the U.S. ambassador to China, Nicholas Burns, in an attack that is believed to have compromised at least hundreds of thousands of individual U.S. government emails, Wall Street Journal reported on Thursday. Daniel Kritenbrink, the assistant secretary of state for East Asia, was also hacked in the cyber-espionage attack, the report said citing people familiar with the matter. Reporting by Shubhendu Deshmukh in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Nicholas Burns, Daniel Kritenbrink, Shubhendu Deshmukh Organizations: Wall Street, Thomson Locations: Beijing, U.S, China, East Asia, Bengaluru

☆ China’s Hacking of Government Email Was Traditional Espionage, Official Says
▼ + stars: | 2023-07-20 | by ( Julian E. Barnes | More About Julian E. Barnes | ) www.nytimes.com time to read: 1 min

The hack of Microsoft’s cloud that resulted in the compromise of government emails was an example of a traditional espionage threat, a senior National Security Agency official said. “It is China doing espionage,” Mr. Joyce said. We have to defend against it, we need to push back against it. But that is something that happens.”The hackers took emails from senior State Department officials including Nicholas Burns, the U.S. ambassador to China. The theft of Mr. Burns’ emails was earlier reported by The Wall Street Journal and confirmed by a person familiar with the matter.

Persons: Rob Joyce, cybersecurity, Mr, Joyce, Nicholas Burns, Burns Organizations: National Security Agency, Aspen Security, State Department, Wall Street Journal Locations: United States, China, U.S

[1/2] U.S. climate envoy John Kerry, at right walks next to U.S. Ambassador to China Nicholas Burns as they arrive for meetings at the Great Hall of the People in Beijing, Wednesday, July 19, 2023. Ng Han Guan/Pool via REUTERSBEIJING, July 19 (Reuters) - Climate change is a "universal threat" that should be handled separately from broader diplomatic issues, U.S. climate envoy John Kerry told Chinese Vice-President Han Zheng on Wednesday after two days of what he called constructive but complex talks. Acknowledging the diplomatic difficulties between the two sides in recent years, Kerry said climate should be treated as a "free-standing" challenge that requires the collective efforts of the world's largest economies to resolve. Kerry told reporters earlier that his talks with Chinese officials this week have been constructive but complicated, with the two sides still dealing with political "externalities", including Taiwan.

Persons: John Kerry, China Nicholas Burns, Ng Han Guan, Han Zheng, Kerry, Wang Yi, Premier Li Qiang, Xie Zhenhua, Han, Nancy Pelosi, It's, Valerie Volcovici, David Stanway, Stephen Coates Organizations: of, People, REUTERS, Premier, . House, Thomson Locations: U.S, China, Beijing, REUTERS BEIJING, Europe, Asia, United States, Dubai, Paris, Taiwan

Beijing/Hong Kong CNN —The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world’s two largest economies. But I expect that this trip will help build a resilient and productive channel of communication,” Yellen told a news conference in Beijing. “China believes that generalizing national security is not conducive to normal economic and trade exchanges,” it said. Yellen said she discussed with Chinese officials areas of cooperation on global challenges, including working together to mobilize multilateral financing for climate action. US climate envoy John Kerry is expected to visit China next, according to US Ambassador to China Nicholas Burns, though he did not provide a timetable for the trip.

Persons: Janet Yellen, Yellen, Li Qiang, Pan Gongsheng, ” Yellen, —, Thomas Peter, ”, “, Biden, That’s, John Kerry, China Nicholas Burns Organizations: Hong Kong CNN, Communist Party, Washington, Sunday, Reuters, US, China’s, Xinhua, China, Bain & Company, Group, Street, Politico, Ukraine Locations: Beijing, Hong Kong, United States, China, “, Japan, Netherlands, decouple, Shanghai, American, ”

Beijing/Hong Kong CNN —US Treasury Secretary Janet Yellen urged China on Saturday to combat the “existential threat” of climate change by supporting international funds intended to help developing countries confront the crisis. On the second full day of her visit to Beijing, Yellen said the United States and China should work together to tackle global challenges despite differences over a range of issues. Yellen said China’s support for existing multilateral climate institutions like the Green Climate Fund (GCF) and the Climate Investment Funds, alongside the United States and other partners, could improve their impact. The GCF is the main climate financing mechanism of the United Nations and helps developing countries to tackle climate change. Kerry would be the third Cabinet official from the Biden administration to travel to China, after Yellen and Secretary of State Antony Blinken, who visited in June.

Persons: Janet Yellen, Yellen, —, ”, Joe Biden, Nancy Pelosi’s, China Nicholas Burns, John Kerry, Kerry, Biden, Antony Blinken Organizations: Hong Kong CNN, Climate, United Nations, Amazon Fund, US, Yellen Locations: Beijing, Hong Kong, China, United States, Taiwan

☆ Yellen says she's 'concerned' about China's new export controls in her first public remarks in Beijing
▼ + stars: | 2023-07-07 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

U.S. Treasury Secretary Janet Yellen (R) shakes hands with U.S. BEIJING — U.S. Treasury Secretary Janet Yellen said Friday she is "concerned" about the export controls China announced this week. "I am also concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors," Yellen said in prepared remarks for a meeting with U.S. businesses in Beijing. The Biden administration has announced measures aimed at bolstering American tech capabilities and limiting China's access to advanced tech. Those include sweeping export controls that took effect in October and restrict the ability of U.S. businesses to sell certain advanced computing semiconductors or related manufacturing equipment to China.

Persons: Janet Yellen, China Nicholas Burns, Yang Yingming, Yellen, Biden Organizations: Treasury, U.S, Department of International Economic Relations, China's Ministry of Finance, China, China's Ministry of Commerce Locations: China, Beijing, BEIJING — U.S

[1/6] U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Both sides are sceptical that Yellen's visit will be able to take much heat out of U.S.-China ties, however, with officials accepting that both countries have placed safeguarding national security above economic ties. Yellen will address "unfair" practices by China, including recent punitive actions against U.S. firms and market access barriers, the official added. On Friday she will meet China's Premier Li Qiang and former economy tsar Liu He, who is widely seen as a close confidant of President Xi Jinping. They come ahead of a possible meeting between President Joe Biden and Xi at the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.

Persons: Janet Yellen, Mark Schiefelbein, Yellen, Nicholas Burns, Li Qiang, Liu He, Xi Jinping, Wang Huiyao, Yellen's, Zhu Feng, Xie Feng, Trump, Wu Xinbo, Antony Blinken, Joe Biden, Xi, Yew Lun Tian, Andrea Shalal, Joe Cash, Clarence Fernandez Organizations: . Treasury, Beijing Capital International Airport, REUTERS, U.S, Center for, Nanjing University, Global Times, Fudan University, Economic Cooperation, Thomson Locations: Beijing, China, REUTERS BEIJING, U.S, Center for China, United States, Russia, Washington, Asia, San Francisco

☆ US warns new Chinese counterespionage law puts companies at risk
▼ + stars: | 2023-06-30 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

WASHINGTON, June 30 (Reuters) - The U.S. on Friday warned about a new Chinese counter-espionage law, saying American and other foreign companies in the country could face penalties from Chinese authorities for regular business activities. Chinese lawmakers this year passed a wide-ranging update to Beijing's anti-espionage legislation that goes into effect on July 1, banning the transfer of any information related to national security and broadening the definition of spying. It said the ambiguities of the law meant that "any documents, data, materials or items" could be deemed relevant to Chinese national security, also putting journalists, academics and researchers at risk. Chinese leader Xi Jinping has emphasized national security since taking office in 2012. U.S. officials have told Reuters that since the enactment of the Chinese law in April they have received a flood of questions from businesses and other groups about the risks of traveling to China.

Persons: Xi Jinping, China Nicholas Burns, Michael Martina, Chizu Organizations: U.S . National Counterintelligence and Security, People's, U.S, China, U.S ., Reuters, The U.S . State Department, Thomson Locations: U.S, China, People's Republic of China, Beijing, Washington, The

The Chinese government called in Burns for the meeting this week in Beijing to protest Biden’s remarks, according to two US officials familiar with the matter. The move by Beijing comes as officials are still assessing the potential effect of Biden’s comments on US efforts to repair the fractured relationship between the two countries. I mean, my goodness, I mean, my goodness, Jeremy, a démarche is a démarche that happens all the time. But US officials privately expressed frustration over Biden’s remarks. The White House and the State Department did not attempt roll back Biden’s remarks.

Persons: China Nicholas Burns, Joe Biden’s, Jinping, Burns, Biden’s, John Kirby, Jeremy, I’m, ” Kirby, CNN’s Jeremy Diamond, Antony Blinken, Biden, it’s, ” Biden, “, Vedant Patel, Blinken, Blinken’s Organizations: CNN, White, Security, Chinese Foreign Ministry, Kirby, White House, . State Department, Department of Justice, State Department, Wall Street Journal Locations: China, California, Beijing, Washington

☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

☆ China's new ambassador to the U.S. arrives to 'safeguard' Beijing's interests
▼ + stars: | 2023-05-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Xie Feng, China's new ambassador to the U.S., addresses the media as he arrives at JFK airport in New York City, May 23, 2023. China's new ambassador to the U.S. arrived in New York Tuesday with a call to "safeguard the interests of China," according to a release from the country's embassy in the U.S.Xie Feng assumes office after a period of about six months in which China has had no ambassador to the U.S. He was most recently a vice foreign minister. The prior ambassador, Qin Gang, was promoted in December to become China's new foreign minister. Ambassador to China Nicholas Burns in Beijing for the first time since assuming his new role.

Persons: Xie Feng, China's, Xie, Qin Gang, Qin, China Nicholas Burns Organizations: U.S . Department of State, CNBC, U.S Locations: U.S, New York City, New York, China, Beijing

Qin said US actions and words had undermined “hard-won positive momentum” following Chinese leader Xi Jinping’s meeting with US President Joe Biden in Indonesia last year. Under the Taiwan Relations Act, Washington is also bound by law to provide Taiwan with the means to defend itself. ‘Better channels’Monday’s meeting was Qin’s first with Burns since the former Chinese ambassador to the US was promoted to foreign minister in December. The two sides resumed climate talks following Xi and Biden’s meeting on the sidelines of the G20 summit in Bali, Indonesia last November. He reiterated Blinken’s visit to China would be rescheduled “when conditions are appropriate.”

☆ It's riskier than ever to be a foreign business in China, as evidenced by a series of recent sanctions, detentions, and an updated anti-espionage law that has watchdogs on edge
▼ + stars: | 2023-05-08 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

The updated law doesn't clearly define what constitutes China's national security or interests. The new law follows a recent spate of sanctions, probes, and detentions into foreign firms in China. Even now, the terms relating to national security and interest are still "not explicitly defined," the Eurasia Group wrote. The updated law is also particularly concerning because of the recent developments surrounding foreign firms in China. China's recent crackdown on foreign businesses is spurring concernsIn April, Chinese police questioned staff at American consultancy Bain in Shanghai.

☆ China says imperative to stabilise Sino-US relations
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +3 min

BEIJING, May 8 (Reuters) - China's Foreign Minister Qin Gang said on Monday it is imperative to stabilise Sino-U.S. relations after a series of "erroneous words and deeds" threw ties back into a deep freeze. In response, Beijing severed formal communications channels with the United States including one between their militaries. "A series of erroneous words and deeds by the United States since then have undermined the hard-won positive momentum of Sino-U.S. relations," Qin told Burns, the Chinese foreign ministry said in a statement. "The top priority is to stabilise Sino-U.S. relations, avoid a downward spiral and prevent any accidents between China and the United States," Qin said. Last month, China staged war games around Taiwan after Taiwanese President Tsai Ing-wen met with U.S. House of Representatives Speaker Kevin McCarthy in Los Angeles.

☆ US Ambassador to China: ‘We are ready to talk’
▼ + stars: | 2023-05-02 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —US Ambassador to China Nicholas Burns said Tuesday the United States is “ready to talk” to China, and expressed hope that Beijing would “meet us halfway on this.”Burns, however, did not give a clear answer about when Secretary of State Antony Blinken’s trip to China – which was postponed in February – would be rescheduled. “Our view is we need better channels between the two governments and deeper channels, and we are ready to talk,” Burns said at an event at the Stimson Center, which he attended virtually. “We’ve never been shy of talking, and we hope the Chinese will meet us halfway on this,” he said. Tensions soared following a visit by former House Speaker Nancy Pelosi to Taiwan and after a Chinese surveillance balloon traversed the US, leading Blinken to call off that planned visit to China. “So I think that’s what we would like and I’m sure that’s what the European countries would like, that’s what Ukraine wants from China.”

Search resuls for: "Nicholas Burns"

25 mentions found