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☆ Apple has a big China problem that's 22 years in the making
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.

Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones

☆ China war games: Select committee members discuss risks from war over Taiwan
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina war games: Select committee members discuss risks from war over TaiwanRep. Mike Gallagher, and Rep. Raja Krishnamoorthi, joins 'Squawk Box' to discuss the potential that China's not the risk Congress thinks it is, Rep. Krishnamoorthi's thoughts on how to engage with China going forward, and how top U.S. businessmen can operate in China.

Persons: Mike Gallagher, Raja Krishnamoorthi Organizations: China, Taiwan Rep Locations: China

☆ Cramer says stick with Apple despite reports of China government iPhone ban
▼ + stars: | 2023-09-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors not to sell Apple even after shares fell on Thursday after reports that China banned iPhone use for its government employees. Greater China, including Hong Kong and Taiwan, is Apple's third-largest market, making up 18% of total revenue, CNBC reported. Cramer admitted that a ban like this could lead to a huge hit for Apple's earnings. Cramer noted that Apple and many of its mega-cap tech peers continually find success not because of a single hit product, but rather because they are able to adapt. To Cramer, investors who choose to sell Apple shares now may miss out on stock surges prompted by a new iPhone release or new content not yet announced.

Persons: CNBC's Jim Cramer, Cramer, Tim Cook Organizations: Apple, CNBC Locations: China, Greater China, Hong Kong, Taiwan

☆ Investors are getting bearish on China — but see other upside opportunities in Asia
▼ + stars: | 2023-08-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, some investors believe a bearish China story is shifting the spotlight onto investment opportunities in other Asian markets. Morgan Stanley downgraded the iShares MSCI China ETF (MCHI) to equal weight from overweight in early August, citing lower earnings growth expectations and structural challenges. Opportunity in Japan Japan currently stands out as a "particularly attractive" investment play, according to Horizon Investments chief investment officer Scott Ladner. Investors can get access to the Japanese market through the iShares MSCI Japan ETF (EWJ) , which has an expense ratio of 0.5% and more than $13 billion in assets. Ways to play the space include the iShares MSCI South Korea ETF (EWY) , the Franklin FTSE South Korea ETF (FLKR) and the iShares MSCI Taiwan ETF (EWT) .

Persons: Morgan Stanley, Wells, Jay Bryson, Scott Ladner, Ladner, Seth Carpenter, it's, Carlos Asilis, China —, Asilis, Franklin Templeton's FLKR, we've Organizations: Horizon Investments, Bank of Japan, Glovista Investments, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, U.S Locations: China, Wells Fargo, Japan Japan, Japan, Asia, Pacific, South Korea, Taiwan, Korea, Franklin FTSE South, Australia, India, Vietnam, Indonesia

☆ China is 'not developing as we hoped,' says ABB CEO
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is 'not developing as we hoped,' says ABB CEOBjorn Rosengren, CEO of ABB, discusses the economic activity coming out of China going into the second half of the year.

Persons: Bjorn Rosengren Organizations: China, ABB Locations: China

[1/5] Taiwan President Tsai Ing-wen pays tribute to the fallen soldiers during a ceremony commemorating the 65th anniversary of the Second Taiwan Strait Crisis, in Kinmen, Taiwan August 23, 2023. REUTERS/Ann Wang Acquire Licensing RightsKINMEN, Taiwan, Aug 23 (Reuters) - Maintaining peace needs a powerful defence, Taiwan President Tsai Ing-wen said on Wednesday, as she made a rare visit to a frontline island located right next to China, to mark the anniversary of a key military clash with Chinese forces. China has stepped up military activity to try and force democratically-governed Taiwan to accept Beijing's sovereignty, despite strong objections from the government in Taipei. Taiwan fought back at the time with support from the United States, which sent military equipment like advanced Sidewinder anti-aircraft missiles, giving Taiwan a technological edge. Taiwan has controlled Kinmen and Matsu since the defeated Republic of China government fled to Taipei in 1949 after losing a civil war with Mao Zedong's communists.

Persons: Tsai Ing, Ann Wang, Taipei . Tsai, Tsai, Mao Zedong's, Fabian Hamacher, Ben Blanchard, Clarence Fernandez Organizations: REUTERS, Taiwan, U.S, Thomson Locations: Taiwan, Kinmen, China, Taipei ., United States, Taipei, Republic of China

LONDON, Aug 23 (Reuters) - The United States and China may feel some financial detente is wise at this point - even if goading one another plays well domestically. But elements of the once-feared bind of 'mutally-assured financial destruction' (MAFD) still apply. Pulling the rug out from under either - battering U.S. and Chinese demand in effect - seems to make little economic sense at least. America had new markets and investments and a seemingly durable new creditor that kept borrowing rates low and consumption up. Falling China Share of Foreign US Treasury HoldingsChina FX Reserves vs Global ReservesUS Treasury Debt Climbs as Fed Pulls Back'MAFD'But is that where the situation has landed post-pandemic?

Persons: Larry Summers, Summers, Goldman Sachs, Jim O'Neill, O'Neill, Gina Raimondo's, Stephen Jen, Eurizon SLJ, Treasuries, Deepa Babington Organizations: U.S . Treasury Securities, ., Treasury, Foreign US Treasury Holdings China FX, Global Reserves, U.S ., Commerce, U.S, Reuters Graphics Reuters, Reuters, Thomson Locations: United States, China, Washington, Ukraine, Taiwan, Hong Kong, U.S, Beijing, America

☆ Explainer: Why is China so angry about the Taiwan vice president's US trip?
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +4 min

Here are the key issues in Taiwan-U.S., China-U.S. and Taiwan-China relations, and why China is so upset about Lai's visit to the United States. Taiwan's official name continues to be the Republic of China, though these days the government often stylises it as the Republic of China (Taiwan). China views Taiwan President Tsai Ing-wen as a separatist and has rebuffed repeated calls from her for talks. She says the Republic of China and People's Republic of China are "not subordinate" to each other. Beijing says Tsai must accept that both China and Taiwan are part of "one China".

Persons: William Lai, Xi Jinping, Mao Zedong's, LAI, Lai, Joe Biden, Tsai Ing, Tsai, Ben Blanchard, Kim Coghill Organizations: Lotte, REUTERS, Rights, Taiwan, CHINA, Communist Party, Democratic, STATES, United States, Taiwan Relations, Thomson Locations: Manhattan, New York City , New York, U.S, Rights TAIPEI, China, Taiwan, Taipei, United States, Paraguay, People's Republic of China, Republic of China, Beijing, TAIWAN, United, Washington, TAIPEI, BEIJING

Taiwan's constitution states that the Republic of China is a sovereign state, and that has been a consensus shared by all Taiwan's main political parties. The Republic of China government fled to Taiwan in 1949 after losing a civil war with Mao Zedong's communists, who set up the People's Republic. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait." China's Taiwan Affairs Office said his comments were "weird" and "deceitful" given that his "Taiwan independence nature" had not changed. China has demanded Taiwan's government accept that both sides of the Taiwan Strait belong to "one China," something Tsai and Lai have refused to do.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Tsai Ing, Mao Zedong's, Wu Xinbo, Joseph Wu, George Yin, Yin, Tsai's, Lai ., Xi Jinping, Taiwan's, Tsai, Meng Chih, cheng, Ben Blanchard, Sarah Wu, Martin Pollard, Casey, Sonali Paul Organizations: International Airport, REUTERS, Rights, Shanghai's Fudan University, National Taiwan University, Taiwan Affairs Office, Cheng Kung University, Casey Hall, Thomson Locations: United States, New York, Paraguay, Taoyuan, Taiwan, Rights TAIPEI, China, Beijing, Taiwanese, Republic of China, People's Republic of China, The Republic of China, Republic, Republic of Taiwan, Hong Kong, Shanghai

☆ Women’s World Cup: Capturing Brandi Chastain’s iconic penalty
▼ + stars: | 2023-08-17 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

The US Women’s National Team (USWNT) was on the cusp of winning its second Women’s World Cup – this time in front of a sell-out home crowd. The 1999 Women’s World Cup was a turning point for the women’s game, particularly in the US, and pictures of Chastain’s celebrations are synonymous with the surge of success for soccer in the States. The final of the tournament also still holds the record for the biggest attendance for a Women’s World Cup game. “[The 1999 tournament] is why I’m here, it’s why I’m in the US and playing for the US,” 2015 Women’s World Cup winner Sydney Leroux said according to FIFA. Then President Bill Clinton congratulates the US squad at the White House after winning the 1999 FIFA Women's World Cup.

Persons: Brandi Chastain, juxtaposing, Chastain, Chastain jogged, Gao Hong, Hector Mata, Mark J, Terrill, ” Mata, Mata, Robert Beck, Sydney Leroux, ” “, Carli Lloyd, Lars Baron, it’s, Chastain’s, ” Chastain, “, ”, Bill Clinton, Vincent Laforet, David Madison Organizations: CNN, US Women’s National, Rose, CNN Sport, Sports, FIFA, 99ers, White House, US National Team, Getty Locations: China, Los Angeles, States, America, United States

☆ Taiwan presidential frontrunner says no plans to change island's formal name
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Aug 15 (Reuters) - The leading candidate to be Taiwan's new president, Vice President William Lai, said in an interview on Tuesday that he has no plans to change the island's formal name, but reiterated that Taiwan is "not subordinate" to China. It is not part of the People's Republic of China," he said in an interview with the Bloomberg news agency. "The current name, according to our constitution, is the Republic of China," Lai said, according to a transcript published by his campaign team. "And in respect to unifying Taiwanese society, President Tsai has used the term Republic of China (Taiwan) to describe our country. President Tsai Ing-wen cannot run again after serving two terms in office.

Persons: William Lai, Lai, Mao Zedong's, Tsai, Tsai Ing, Ben Blanchard, Gerry Doyle Organizations: Bloomberg, ROC, Thomson Locations: TAIPEI, Taiwan, China, Beijing, Republic of China, People's Republic of China, ROC, Paraguay, Taipei, New York, San Francisco

☆ Country Garden default? China's property crisis deepens as developer misses bond payments
▼ + stars: | 2023-08-09 | by ( Laura He | ) edition.cnn.com time to read: +5 min

The latest major industry player to get into trouble is Country Garden, once China’s largest developer. Several of Country Garden’s yuan-denominated bonds were suspended from trading in Shanghai and Shenzhen on Tuesday after they dropped by more than 20%. Country Garden did not respond to a request from CNN for comment. An aerial view of a residential project developed by Country Garden Holdings is seen in Zhenjiang, Jiangsu province on October 31, 2021. Property crisis deepensChina’s property industry has been mired in a historic downturn in the past two years.

Persons: “, Fang Dongxu, ”, Edward Moya, Moody’s, Kaven Tsang, Li Qiang Organizations: Hong Kong CNN —, Reuters, CNN, Country Garden Holdings, China Index Academy, Oanda, China’s, People’s Bank of Locations: Hong Kong, Shanghai, Shenzhen, Zhenjiang, Jiangsu province, China, Moody’s, Beijing, People’s Bank of China

☆ China to lift tariffs on Australian barley as trade ties improve
▼ + stars: | 2023-08-04 | by ( Dominique Patton | Lewis Jackson | ) www.reuters.com time to read: +4 min

FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Australian Grape & Wine CEO Lee McLean said the barley decision was a very positive step for the country’s relationship with China. “We hope this may provide a template for removing the duties on Australian wine,” he said. Those trade flows are likely to shift again after China drops the tariffs, with its barley buyers expected to begin purchases of the new Australian crop harvested in October for arrival by year-end. ($1 = 1.5223 Australian dollars)($1 = 1.5232 Australian dollars)((This story has been corrected to change the value of Australian barley exports to A$1.5 billion, not A$2 billion, in paragraph 11)

Persons: Florence, Dennis Voznesenski, ”, Colin Bettles, Lee McLean Organizations: China’s Ministry of Commerce, REUTERS, World Trade Organization, Rabobank, “, Grain Producers Australia, WTO, Labor, & Wine Locations: BEIJING, SYDNEY, Beijing, China, Australia, Canberra, WTO, Canada, France, Argentina

☆ Australia calls for China to end trade curbs as barley tariffs lifted
▼ + stars: | 2023-08-04 | by ( Lewis Jackson | Dominique Patton | ) www.reuters.com time to read: +4 min

Australian Trade Minister Don Farrell said on Friday that Chinese restrictions affecting roughly A$20 billion of annual trade as of last May had shrunk to hit about A$2 billion of exports. The U.S. Trade Representative’s office, which has sided with Australia in the trade dispute, declined to comment on China’s move to reduce barley tariffs. FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Wine producer Treasury Wine Estate’s shares reversed earlier declines to close 2.7% following the barley decision against an otherwise flat market. Chinese buyers had turned to Canada, France and Argentina to replace Australian barley supplies over the last three years, while Australian sellers shifted exports to feed barley markets in the Middle East.

Persons: Don Farrell, ” Farrell, Anthony Albanese, Florence, Lee McLean, Dennis Voznesenski, ”, Colin Bettles Organizations: SYDNEY, China’s Ministry of Commerce, World Trade Organization, Australian Trade, Labor, U.S . Trade, REUTERS, Wine, WTO, Rabobank, “, Grain Producers Australia Locations: BEIJING, Australia, normalisation, China’s, Canberra, China, Beijing, Canada, France, Argentina

☆ England smash China for six to ease into last 16 as group winners
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +3 min

Alessia Russo gave the European champions the perfect start with a goal in the fourth minute and Lauren Hemp and James added two more to give England a comfortable lead at the break at Hindmarsh Stadium. Without the injured Keira Walsh as the holding midfielder, England shifted to a 3-5-2 formation and caused havoc for China with balls into the box from the flanks. "The team showed that they're really adaptable ... that we can change shape very easily, that's what we showed tonight." It was a record World Cup defeat for Asian champions and 1995 semi-finalists China, who exit in the group stage for the first time in eight appearances at the global showpiece. "It's very unfortunate that we had this terrible loss," said China coach Shui Qingxia.

Persons: Lauren James, Alex Greenwood, Lauren Hemp, Alessia Russo, Hannah Mckay, James, Chloe Kelly, Rachel Daly, Keira Walsh, Sarina Wiegman, Shui, Russo, Millie Bright, Wang, Lucy Bronze, Jess Carter's, Kelly, Zhu Yu, wingback Daly, Nick Mulvenney, Christian Radnedge Organizations: Soccer Football, FIFA, England, Hindmarsh, Alessia Russo REUTERS, Reuters Connect, Nigeria, China, Denmark, Haiti, Manchester City, Thomson Locations: New Zealand, China, Adelaide, Australia, Brisbane, England

☆ TikTok is heavily promoting Shop as it eyes e-commerce as a key growth driver. Here's a 9-page document it's used to court creators and sellers.
▼ + stars: | 2023-07-31 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

TikTok is wooing brands and creators to try its in-app shopping feature, Shop. In June, TikTok UK hosted an online summit detailing how to get started on Shop and best practices. Read the full 9-page document TikTok shared after the summit with information about Shop. Creators, meanwhile, are being offered cash bonuses, freebies, and other perks for promoting TikTok Shop products. In the UK, TikTok continues to aggressively pursue sellers, and offering "solutions designed with complex businesses in mind," Patrick Nommensen, UK e-commerce general manager, told Insider in June.

Persons: TikTok, Kris Boger, Patrick Nommensen Organizations: TikTok, Shop, Bloomberg, Amazon, Street Journal Locations: Southeast Asia, Europe, China

☆ Keira Walsh injury overshadows England's 1-0 win over Denmark
▼ + stars: | 2023-07-27 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

Women’s World Cup 2023: Live scores, fixtures, results, tables and top scorersCNN —England’s 1-0 win over Denmark at the Women’s World Cup on Friday was overshadowed by a serious-looking injury sustained by its star midfielder Keira Walsh who had to be stretchered off in the first half. Williamson, Mead and Walsh played major roles in England’s Euro 2022 title win. James and her teammates celebrates England's goal against Denmark. Knowing a win would secure its spot in the knockout phase of the tournament, Denmark ramped up the pressure on England’s goal, but was unable to find a way past Mary Earps. Initially China midfielder Zhang Rui was given a yellow card for a challenge on Sherly Jeudy.

Persons: CNN —, Keira Walsh, Lauren James, Walsh –, ”, Walsh, Leah Williamson, Beth Mead, Williamson, Mead, James, Justin Setterfield, Denmark ramped, Mary Earps, Amalie Vangsgaard’s, Earps, Sarina Wiegman, Wiegman, Banyana Banyana, Linda Motlhalo, Thembi Kgatlana, Kgatlana, Sophia Braun, Argentina's, Joe Allison, Núñez, Zhang Rui, Mondésir, – Melchie Dumornay, Wang Shuang, Dumornay, Zhu Yu, Maddie Meyer, Mathurin, Zhang Linyan, Wang Organizations: CNN, Denmark, BBC, ”, South, FIFA, Group, China, Lyon Locations: Barcelona, England, Denmark, China, ” Argentina, Africa Argentina, South Africa, Dunedin , New Zealand, Argentina, Africa, Sweden, Italy, South, Haiti, Adelaide

☆ TikTok Wants to Sell Made-in-China Goods to Americans
▼ + stars: | 2023-07-25 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ TikTok’s Next Plan for U.S. Dominance: Selling Made-in-China Goods
▼ + stars: | 2023-07-25 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ 1 in 5 young people in China can't find a job – and that's a big problem for Xi Jinping
▼ + stars: | 2023-07-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

China's economy is facing perhaps its biggest challenges since a manufacturing boom sent its economy into overdrive in the last couple of decades. It's comparable to the economy young people in the US faced as they left college in the depth of the financial crisis in 2008/9. While things should get better if the economy rebounds, there's a more existential issue facing China's young people. Yet economic instability among China's young threatens to give him an unwanted headache nonetheless. There are wider existential issues facing young employees the world over, with the AI boom forcing many to completely reassess their skillset and career aspirations.

Persons: Xi Jinping, David Dollar, disenfranchisement, Xi Organizations: Service, Privacy, Reuters, Brookings Institute Locations: China, Wall, Silicon

CNN —US Treasury Secretary Janet Yellen arrived in Beijing Thursday ahead of high-stakes meetings with senior Chinese officials. The treasury secretary intends “to talk about the bilateral economic relationship, raise issues of concern, and discuss ways we can work together on global challenges” during her meeting with Li, a senior Treasury official told reporters traveling with Yellen. On Friday, Yellen will also meet with her former counterpart, Liu He, in what the Treasury official said could be “seen as a meeting of old friends.”“They were former counterparts. I will say that definitively,” the official told reporters. Yellen will be in China until July 9, according to the Department of the Treasury.

Persons: Janet Yellen, Yellen, China’s Premier Li Qiang, Xi Jinping, “, ”, Li, Liu He, They’ve, Zhou Xiaochuan, Joe Biden’s “, Xi Organizations: CNN, China’s Premier, Treasury, Yellen, People’s Bank of China, Treasury Department, Department of, Biden Locations: Beijing, China, PRC

☆ Morning Bid: Tesla delivers surprise, China goes slow
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +3 min

July 3 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Chinese blue chips are a touch firmer, perhaps in the hope a new chief at the central bank will bring stronger stimulus. It was notable last week that Japanese chip shares surged amid reports Washington would restrict sales of AI equipment to China. Key developments that could influence markets on Monday:- European Central Bank policymaker Joachim Nagel speaks at a financial conference- June U.S. ISM manufacturing survey, PMI and auto sales. Equity and bond markets close earlyBy Wayne Cole; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Wayne Cole, Janet Yellen, Central Bank policymaker Joachim Nagel, Christopher Cushing Organizations: Tesla's, P, People's Bank of, Treasury, Nikkei, European, Japan's, ISM, Central Bank, PMI, Equity, Thomson Locations: Wayne, People's Bank of China, News, China, U.S, Washington, Japan

It is also looking to hire a lawyer with a specialty in trade compliance to help Temu create a protocol for screening merchandise, another posting showed. The U.S. House Select Committee on the China Communist Party in May launched an investigation into retailers' connections to forced labor in China's Xinjiang region, including any efforts to comply with the Uyghur Forced Labor Prevention Act. The committee last week released preliminary findings stating that Temu "does not have any system to ensure compliance" with the act. Temu's 80,000 "suppliers agree to boilerplate terms and conditions that prohibit the use of forced labor," the report said. Rights groups accuse Beijing of abuses including forced labor and placing 1 million or more Uyghurs - a mainly Muslim ethnic group - in internment camps in Xinjiang.

Persons: Temu, Shein, Arriana McLymore, Jamie Freed Organizations: YORK, PDD Holdings, New Zealand, Reuters, U.S, China Communist Party, Uyghur, Labor, Thomson Locations: U.S, Xinjiang, China, Canada, Australia, New, China's Xinjiang, United States, Xingiang, Beijing, New York

☆ If China goes into Taiwan, then the U.S. should disrupt Chinese operations in Cuba: Rep. Salazar
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf China goes into Taiwan, then the U.S. should disrupt Chinese operations in Cuba: Rep. SalazarRep. Maria Elvira Salazar (R-Florida), joins 'Last Call' to discuss U.S.-China relations and President Biden referring to Xi Jinping as a 'dictator'.

Persons: Salazar, Maria Elvira Salazar, Biden, Xi Jinping Organizations: U.S Locations: China, Taiwan, U.S, Cuba, Florida

☆ Blinken says he failed to revive military-to-military talks with China
▼ + stars: | 2023-06-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Aly Song | ReutersBEIJING — U.S. Secretary of State Antony Blinken said Monday he failed to revive military-to-military talks with China, despite earlier hopes of reopening that communication channel. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. Blinken told NBC News on Monday that the spy balloon "chapter should be closed." "I think it's absolutely vital that we have these kinds of communications, military to military," Blinken said. The U.S. shot down the alleged Chinese spy balloon in February.

Persons: Biden, —, Aly Song, Antony Blinken, Xi Jinping, Central Foreign Affairs Office Wang Yi, Qin Gang, Blinken Organizations: Reuters, Reuters BEIJING —, China's Defense, U.S, Communist, Central Foreign Affairs Office, NBC, Pacific Command Locations: Beijing, China, Reuters BEIJING, Reuters BEIJING — U.S, Singapore, U.S, Taiwan Strait, Taiwan

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