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During her first day of meetings in Beijing, Treasury Secretary Janet L. Yellen criticized punitive measures the Chinese government has taken against American firms. I’ve made clear that the United States does not seek a wholesale separation of our economies. Ms. Yellen conveyed her objections to China’s top officials, including Premier Li Qiang, in what was the first visit to China by a Treasury secretary in four years. A Treasury Department official said Ms. Yellen had discussed the outlook for the economy in an informal discussion with her former counterparts that lasted more than an hour. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” Ms. Yellen said.

Persons: Janet L, Yellen, I’ve, Biden, Yellen’s, Li Qiang, Ms, “ I’ve, Mark Schiefelbein, Wang Yong, Wang, ”, Shi Yinhong, “, China’s, Michael Hart, “ We’ve, Mr, Hart, Liu He, Yi Gang, Li, Li’s, ” Claire Fu, Christopher Buckley Organizations: U.S, American Chamber of Commerce, Boeing, Bank of America, Cargill, Group, Bain & Company, Beijing, Biden, of, People, ., Center for American Studies, Peking University, “, Renmin University, U.S . State Department, Chamber of Commerce, Treasury, People’s Bank of China, Treasury Department Locations: Beijing, United States, China, American, Shanghai, U.S, States

Hong Kong CNN —Police in China have detained a college graduate suspected of stealing university data to create a website rating the attractiveness of his fellow students. The 25-year-old, identified by police by his surname Ma, is a graduate of the prestigious Renmin University in Beijing, according to a police statement on Monday. Multiple online posts over the weekend accused him of stealing the personal information of students from the university’s database while he was studying there. The posts alleged that Ma used the data to create a website that rates the physical appearance of both undergraduate and graduate students. On Sunday, Renmin University said in a statement it had contacted the police and was cooperating with them to look into the incident.

Persons: Ma, Renmin, China’s, Mark Zuckerberg, Zuckerberg Organizations: Hong Kong CNN — Police, Renmin University, China’s Twitter, Facebook, Harvard, Police, China, Weekly Locations: Hong Kong, China, Beijing, Weibo, Harvard, Beijing’s Haidian

Pan Gongsheng was appointed Saturday as the new Communist Party chief at the People’s Bank of China (PBOC), in a surprise move as Beijing bolsters its drive to arrest the country’s economic slowdown and stem a slide in its currency. Pan currently serves as the deputy governor of the PBOC. “My initial reaction is this suggests Xi [Jinping] is more concerned about China’s economy than before the 20th Party Congress,” Thomas said. Since then, he has spent nearly two decades working at large state-owned banks, including the Industrial and Commercial Bank of China (ICBC) and the Agricultural Bank of China (ABC). After returning to China, he was promoted to deputy governor at the PBOC in 2012.

Persons: Yi Gang, Pan Gongsheng, Janet Yellen, Pan, Yi, didn’t, Guo Shuqing, Neil Thomas, wasn’t, ” Thomas, Xi, Mao, Thomas, China’s, Biden, ” Organizations: Beijing CNN, Cambridge University, Harvard University, Communist Party, People’s Bank of China, Securities Times, CNN, Ant, Asia Society, Center for, Communist Party’s, Committee, 20th Party Congress, Wall Street Journal, Treasury Department, Renmin University of China, Industrial, Commercial Bank of China, Agricultural Bank of China, ABC, Harvard University’s Kennedy School of Government, State Administration of Foreign Exchange, Beijing, P Global, PMI Locations: Hong Kong, Beijing, China, Shanghai, Center for China, United States, West

☆ China throws support behind 'strategic partner' Russia after Wagner insurrection
▼ + stars: | 2023-06-25 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —China has voiced support for Russia after a short-lived insurrection posed the gravest challenge to the 23-year rule of Vladimir Putin, a close partner of Chinese leader Xi Jinping in his push for a new world order and strategic alignment against the US. “As Russia’s friendly neighbor and comprehensive strategic partner of coordination for the new era, China supports Russia in maintaining national stability and achieving development and prosperity,” it said. Russia’s Foreign Ministry said Rudenko also held “scheduled consultations” with China’s Deputy Foreign Minister Ma Zhaoxu. According to the Chinese readout, Ma told Rudenko that under the leadership of Xi and Putin, the mutual political trust and cooperation between China and Russia had grown continuously. Despite its claims of neutrality, China has refused to condemn the invasion and instead provided much-needed diplomatic and economic support for Russia, a position that has alarmed Western nations, especially in Europe.

Persons: Vladimir Putin, Xi Jinping, Wagner, Yevgeny Prigozhin, Putin, ”, Beijing’s, Prigozhin, Andrey Rudenko, Qin Gang, Rudenko, Ma Zhaoxu, Ma, Xi, “, ” Xi, Putin’s, Jin Canrong, Jin, Hu Xijin Organizations: Hong Kong CNN, Russia, US, Foreign Ministry, Kremlin, Ministry, Russian Federation, United, Australia National University’s Taiwan Studies, Renmin University, Global Times Locations: China, Hong Kong, Moscow, Beijing, Russia, Belarus, Russian, Ukraine, Western, Europe, United States, Weibo

China became Germany's single biggest trade partner in 2016 and is a core market for top German companies including Volkswagen (VOWG_p.DE), BASF (BASFn.DE) and BMW (BMWG.DE). "They know German companies will run up direct channels to the chancellery," said Andrew Small, a senior fellow at the German Marshall Fund's Asia program. The talks come after Antony Blinken on Sunday became the first U.S. secretary of state to visit China in five years, stressing the importance of keeping open lines of communication to reduce the risk of miscalculation. The Chinese delegation will meet with some of those CEOs on Monday, according to people familiar with the plans. The Chinese delegation will head to Paris for an official visit and to attend a financial conference on June 22 to 23.

Persons: Olaf Scholz, Fabrizio Bensch, China Scholz, Scholz, Li Qiang, Li, Wang Yiwei, Andrew Small, Marshall, Mikko Huotari, Antony Blinken, Sarah Marsh, Andreas Rinke, Laurie Chen, John Geddie, Giles Elgood Organizations: REUTERS, Volkswagen, BASF, BMW, Centre, European Studies, Renmin University of China, Greens and Free Democrats, Social Democrats, Analysts, Mercator Institute for China Studies, Sunday, Thomson Locations: Berlin, Germany, China, Beijing, Munich BERLIN, Europe, European Union, Asia, Munich, Bavaria, Paris

Capvision said in a statement soon after the broadcast that it would resolutely abide by national security rules. The CCTV report was the first clear indication of the national security scope of recent police action against several consulting firms. "The state security organ and other authorities will intensify law enforcement against activities that endanger national security, such as illegal consulting," the state-owned Global Times said. The revisions will see all documents, data, materials and items "related to national security and interests" given the same protection as state secrets. The law does not define China's national security or interests.

Noah Barkin, an analyst with the Rhodium Group, said China's chief objective was to prevent Europe from aligning more closely with the United States. Macron travelled to China with European Commission chief Ursula von der Leyen, both pressuring China on Ukraine, but failing to wrest any public shifts in position from Xi. Xi did not mention a possible conversation with Zelenskiy in China's official reports of his comments after the meetings. "Macron seemed to believe he could charm Xi into shifting his approach on the war," he said. "China and Europe can still be partners," said Wang Yiwei, director of Center for European Studies at Renmin University in Beijing.

"It's a very prestigious thing to host the first visit abroad of the King of England, it doesn't happen every day. "Our message will be clear: There may be a temptation to get closer to Russia, but do not cross that line," a senior French diplomat said. They need a good relationship with Europe so will not want to play on Macron's internal problems," another French diplomat said. Analysts say China's deteriorating relationship with the U.S. gives Europe a bit more leverage, with the EU's vast single market becoming more crucial for China. Reporting by Michel Rose, John Irish in Paris and Laurie Chen in Beijing; Editing by Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Key takeaways from the G20 summit in Bali
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +6 min

Here are key takeaways from the meeting:CONDEMNING RUSSIAN AGGRESSIONMeetings of G20 ministers earlier this year ended without joint declarations because of Russian opposition to references to the war in Ukraine. With the Ukraine war, as well as massive pandemic-era spending packages blamed for fuelling red-hot inflation, the G20 countries said further fiscal stimulus measures should be "temporary and targeted". Besides the meeting with Biden, Xi held talks with Australian Prime Minister Anthony Albanese, South Korean President Yoon Suk-yeol, Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron. A meeting with British Prime Minister Rishi Sunak was cancelled due to scheduling issues, Downing Street said. Xi is set to meet Japanese Prime Minister Fumio Kishida later this week.

BEIJING, Nov 4 (Reuters) - German Chancellor Olaf Scholz and a delegation of business leaders landed in Beijing on Friday morning, kicking off the first visit by a leader of a G7 nation to China in three years. China's strict zero-COVID policy and growing tensions with the West have made it unfeasible for leaders of major western powers to visit China, while Chinese President Xi Jinping has only just resumed foreign trips. Amid historic inflation and looming recession in Germany, Scholz will be looking to emphasise the need for continued cooperation with China, analysts say. In the run-up to the visit, there had been criticism of the visit within the EU and the German government coalition, mainly from the Green Party and the Liberals. Scholz has changed his tune even faster, but he does not have as solid of a domestic political standing as Merkel," said Wang.

The trip comes amid rising voices within Scholz's ruling coalition calling for a rethink of Germany's China policy, and growing public concern about Berlin's commercial reliance on the global economic powerhouse. One in two Germans wish that Germany's economy could be more independent from China, a survey published by ARD broadcaster showed on Thursday. China has been Germany's biggest trading partner for the past six years, with volumes reaching over 245 billion euros ($238.9 billion) in 2021. During the trip, where Scholz will meet Xi and prime minister Li Keqiang, the German Chancellor is expected to discuss Russia's war in Ukraine, hoping that China can convince Russia to end hostilities. But Xi expressed his concerns over Ukraine to Russian President Vladimir Putin when the two leaders met in September.

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.

☆ As Russia raises nuclear specter in Ukraine, China looks the other way
▼ + stars: | 2022-09-22 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

It was “the most prudent, or most low-key statement in years” issued by Xi on their strategic relationship, Shi said. Under Xi, China has forged ever closer ties with Russia. Six days later, in a desperate escalation of the devastating war, Putin announced a “partial mobilization” of Russian citizens in a televised speech, and even raised the specter of using nuclear weapons. Both leaders share a deep suspicion and hostility toward the United States, which they believe is bent on holding China and Russia down. The main factor driving the strategic alignment between Russia and China is the perception of threats from the United States, said Hart with CSIS.

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