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Wells Fargo now says it pegs the odds of a recession at 40% in 2024. The Blue Chip Economic survey released last week echoed the bonhomie. More than two-thirds, 69%, of small business and 67% of midsize business leaders expressed optimism about their company’s performance. This week, members of Congress will learn the details and begin signaling whether the plan has the support of both houses. Meanwhile, in Davos, Switzerland, where many of the world’s leaders, business executives and others have gathered for the World Economic Forum’s 54th meeting, Chinese Premier Li Qiang delivered a bullish speech on China’s economic prospects.
Persons: , Wells, , , Wells Fargo, Sam Bullard, ” Bullard, JPMorgan Chase, Li Qiang Organizations: Federal Reserve, BCA Research, Federal Reserve Bank, Atlanta’s, University of Michigan, Wells, Investment Banking, JPMorgan, Capitol Locations: U.S, Davos, Switzerland
Ukraine says China needed for peace process after Davos meeting
  + stars: | 2024-01-15 | by ( ) www.cnbc.com   time to read: +2 min
China needs to be involved in talks to end the war with Russia, Ukraine's top representative said after a high-level diplomatic meeting ahead of the World Economic Forum in Switzerland. Ukraine's presidential chief of staff Andriy Yermak said on Sunday it was important that Russian ally China was at the table when Kyiv convenes further meetings on its peace formula. Zelenskiy is due to arrive in Bern, Switzerland on Monday to meet the President of the Swiss Confederation Viola Amherd. We must find ways to work with China on this," Cassis said, adding that both Russia and Ukraine were not willing to make concessions. The role of the Global South in Ukraine's peace formula talks has come into focus in the lead up to Davos.
Persons: Volodymyr Zelensky, Andriy Yermak, Li Qiang, Volodymyr Zelenskiy, Li, Yermak, Viola Amherd, Ignazio Cassis, Cassis, Jamie Dimon, Vladimir Putin Organizations: Economic, Swiss, JPMorgan, Ukraine, Bloomberg News, Dimon, Cuban Missile, European Union, Kyiv, Global, United Nations Locations: Davos, China, Russia, Ukraine's, Switzerland, Ukrainian, Bern, Swiss, Ukraine, Brazil, India, South Africa, Africa, Latin America, East, Asia
Davos Welcomes Global Elites to Solve World’s Problems
  + stars: | 2024-01-14 | by ( Tim Smart | Jan. | At A.M. | ) www.usnews.com   time to read: +4 min
Political, business and other elites will gather once again Monday for the World Economic Forum’s 54th annual meeting in the Alpine hamlet of Davos, Switzerland, to tackle the thorniest of problems, from war to inequality to climate change. The forum is not without its own controversy, having been pegged over the years as a haven for globalists and ruling elites. This year’s conference comes on the heels of a report released Wednesday by think tank The Conference Board detailing findings from a survey of global business leaders, which showed a global economic downturn and inflation are among the top concerns of CEOs worldwide. With Russia’s war in Ukraine and the Israel-Hamas conflict raging on, global political instability also topped the list of things keeping corporate leaders awake at night. Meanwhile, global growth is expected to slow to 2.4% in 2024, according to a report from the World Bank released on Tuesday.
Persons: Bill Clinton, Donald Trump, Nelson Mandela, Jacques Yvez, Tony Blair, Bill Gates, Rupert Murdoch, Bono, Antony Blinken, Li Qiang, Ursula von der Leyen, Emmanuel Macron, Javier Milei, Antonio Guterres, , , Andres Cadena, Elon Musk, Gayle Markovitz, ” Markovitz, Economists Organizations: corporate titans, McKinsey, Republican, White, Trump, World Economic, World Bank Locations: U.S, Israel, Davos, Switzerland, Argentine, China, Ukraine
China's Xi visits financial hub Shanghai
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +3 min
Chinese President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSHANGHAI, Nov 29 (Reuters) - China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city's efforts to strengthen its competitiveness as an international financial centre, Xinhua news agency reported on Wednesday. Xi made the trip on Tuesday and Wednesday and he inspected the Shanghai Futures Exchange, an exhibition on Shanghai's sci-tech innovations and a government-subsidized rental housing community, the report said. Vice Premier He Lifeng, Shanghai's Communist party secretary Chen Jining and Mayor Gong Zheng also accompanied his visit. It was his first visit to the city since November 2020 and comes a year after historic street protests against China's zero-COVID policy broke out in Shanghai.
Persons: Xi Jinping, Kevin Lamarque, Xi, Cai Qi, Chen Jining, Gong Zheng, Xi's, Premier Li Qiang, Brenda Goh, Bernard Orr, Ella Cao, Ethan Wang, Mark Potter, Louise Heavens, Chizu Nomiyama, Mark Porter Organizations: Economic Cooperation, REUTERS, Rights, Shanghai Futures Exchange, Communist Party of China Central Committee, CPC, Communist, Shanghai Free, Trade, Disney, L'Oreal, Premier, Thomson Locations: Asia, San Francisco , California, U.S, China, Shanghai, Xinhua, Minhang
[1/6] Chinese Premier Li Qiang speaks at the opening ceremony of the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING, Nov 28 (Reuters) - China opposes the cutting of supply chains and is willing to build closer ties with all, Premier Li Qiang said on Tuesday, as a growing number of countries voice concerns at the dependence of their supply chains on China. Speaking at China's first ever China International Supply Chain Expo (CISCE), Li said that China will continue to create an international and rule of law-based business environment. The expo, organised by the state-run China Council for the Promotion of International Trade, is Beijing's latest bid to increase foreign investment in China, which has dropped to historic lows. Reporting by Eduardo Baptista and Joe Cash; Editing by Jamie Freed and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: Li Qiang, Florence Lo, Li, Eduardo Baptista, Joe Cash, Jamie Freed, Miral Organizations: China International, Chain, REUTERS, Rights, China, China Council, Promotion of International Trade, European Union, Thomson Locations: Beijing, China, Rights BEIJING, United States, Ukraine, Taiwan, India, Mexico, Vietnam
[1/6] Chinese Premier Li Qiang speaks at the opening ceremony of the first China International Supply Chain Expo (CISCE) in Beijing, China November 28, 2023. "We are willing to build closer production and industrial supply chain partnerships with all countries," Li told the first China International Supply Chain Expo (CISCE), adding that the international community needs to be "more wary of the challenges and risks brought about by protectionism and uncontrolled globalisation." The expo, organised by the state-run China Council for the Promotion of International Trade (CCPIT), is Beijing's latest bid to increase foreign investment in China, which has dropped to historic lows. Despite this decrease, China remains an attractive option: a survey conducted by HSBC bank at the China International Import Expo (CIIE) earlier this month showed 45% of firms expect to expand their supply chain in China over the next year. Zhang Shaogang, a CCPIT official who was part of the Chinese delegation at the APEC summit, said last week that 20% of the foreign firms exhibiting at the supply chain expo were U.S.-based, and included Amazon (AMZN.O), Apple (AAPL.O), Tesla (TSLA.O), and Intel (INTC.O).
Persons: Li Qiang, Florence Lo, Premier Li Qiang, Li, Dan Marks, Xi Jinping, Joe Biden, Zhang Shaogang, Zhang, Eduardo Baptista, Joe Cash, Jamie Freed, Miral Organizations: China International, Chain, REUTERS, Premier, European Union, China Council, Promotion of International Trade, HSBC, China, Royal United Services, Economic Cooperation, APEC, Apple, Intel, Thomson Locations: Beijing, China, EU, BEIJING, United States, Ukraine, Taiwan, India, Mexico, Vietnam, U.S, Asia
[1/3] Chinese Premier Li Qiang (R) and French Foreign Minister Catherine Colonna shake hands at the Great Hall of the People in Beijing, China on November 24, 2023. Jade Gao/Pool via REUTERS Acquire Licensing RightsBEIJING/PARIS, Nov 24 (Reuters) - French Foreign Minister Catherine Colonna is set to meet the Chinese leadership in Beijing on Friday as she seeks to soothe ties after the launch of a European Union anti-subsidy probe backed by Paris into Chinese-made electric vehicles. France is also concerned about Chinese attempts to force French cosmetics companies to share manufacturing secrets with Chinese parties. Xi insisted that China welcomes investment from French firms in a telephone call on Monday with Macron, who urged fair treatment for foreign companies in China. Macron visited China in April with great fanfare, in an attempt to demonstrate France's strategic autonomy from the United States.
Persons: Li Qiang, Catherine Colonna, Jade Gao, Wang Yi, Ursula von der Leyen, Charles Michel, Xi Jinping, Emmanuel Macron, Xi, Macron, Colonna, Laurie Chen, John Irish, Raju Gopalakrishnan Organizations: French, of, People, REUTERS Acquire, Rights, European, European Commission, EU, Thomson Locations: Beijing, China, Rights BEIJING, PARIS, European Union, Paris, France, Ukraine, Iran, Gaza, North Korea, United States
China, Australia to restart annual meetings as trade resumes
  + stars: | 2023-11-07 | by ( ) www.reuters.com   time to read: +4 min
Australia's Prime Minister Anthony Albanese meets with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 6, 2023. President Xi Jinping said on Monday stable ties between China and Australia served each other's interests and both should expand cooperation, sending a clear signal that China was ready to move on from recent tensions. The Australian prime minister said he had used the four-day visit to advocate for Australia's interests in trade, human rights, regional and global issues. "While there are differences between us, both Australia and China benefit from cooperation and dialogue," Albanese said. Australia and China had agreed to cooperate on trade, climate change and agriculture, the Australian government said in a statement.
Persons: Anthony Albanese, Xi Jinping, Lukas Coch, Li Qiang, Albanese, " Albanese, Li, Xi, Kirsty Needham, Ellen Zhang, Robert Birsel Organizations: Australia's, of, People, REUTERS Acquire, Rights, U.S, Islands Forum, Thomson Locations: Beijing, China, Rights BEIJING, SYDNEY, Australia, People . China, India, Japan, Pacific, United States, South China, Britain, Sydney
TAIPEI, Taiwan (AP) — Chinese Premier Li Qiang on Sunday pledged to continue deepening reforms, expand free trade zones and relax market access for foreign investment while seeking to generate excitement around a largely lackluster economy. China's economy expanded at a 4.9% annual pace between July-September, beating analysts’ forecasts of about 4.5%, official data show. The expo being held through Friday is an annual event launched by President Xi Jinping in 2018 with the theme of promoting China’s image as being in favor of free trade. This year’s expo brought Australian Prime Minister Anthony Albanese, currently paying an official visit to China which is largely focused on restoring trade links blocked for years due to economic and political tensions. Despite that, Li said China would continue to “actively pursue the accession to the CPTPP and the Digital Economy Partnership Agreement and negotiate for the conclusion of more high standard free trade agreements.”
Persons: Li Qiang, Li, Xi Jinping, ” Li, Anthony Albanese, Albanese, ” Albanese, Yang Hengjun, Organizations: 6th China, Sunday, Trans, Pacific Partnership, Digital Locations: TAIPEI, Taiwan, Shanghai, China, Beijing, Australia, Australian
Pakistan joins China's club of lunar base partners
  + stars: | 2023-10-20 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Oct 20 (Reuters) - Pakistan has joined China's expanding club of partners in an ambitious project to build a research station on the moon's south pole. Jointly with Chinese Premier Li Qiang, Pakistan's caretaker Prime Minister Anwar ul Haq Kakar witnessed the signing of an initial cooperation agreement in Beijing on Wednesday. The China National Space Administration said on Friday cooperation would cover areas including the engineering and operational aspects of the Chinese lunar base programme. China, which aims to become a major space power by 2030, has already secured cooperation from Russia, Venezuela and South Africa. It has fixed a target to land its astronauts on the moon by the end of this decade.
Persons: Chinese Premier Li Qiang, Anwar ul Haq Kakar, Ryan Woo, Deborah Kyvrikosaios Organizations: Chinese Premier, China National Space Administration, Thomson Locations: BEIJING, Pakistan, Beijing, China, Russia, Venezuela, South Africa, U.S
Coal barges are pictured as they queue to be pulled along the Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Oct 16 (Reuters) - Indonesia will seek China's help for renewable energy and infrastructure projects when President Joko Widodo attends the upcoming Belt and Road Forum in Beijing, a cabinet minister said. Erick declined to share JETP talk details, saying only: "We cannot wait...there hasn't been any funding as yet." "We want this to fit our grand plan, the Indonesia blueprint, not the blueprint of other countries," Erick said. Indonesia also discussed the plan with Chinese Premier Li Qiang when Li visited Jakarta in September.
Persons: Willy Kurniawan, Joko Widodo, Erick Thohir, Erick, JETP, hasn't, Xi Jinping, Jokowi, Premier Li Qiang, Li, Gayatri Suroyo, Stefanno Sulaiman, Edwina Gibbs Organizations: REUTERS, Rights, Forum, Indonesian, United, Premier, Thomson Locations: Samarinda, East Kalimantan, Indonesia, Rights JAKARTA, Beijing, China, U.S, United Nations, Jakarta, Jokowi, Surabaya
Part of China’s Belt and Road infrastructure initiative and largely funded by Chinese state-owned firms, the $7.3 billion project opened to the public on Sunday. The train will travel between the capital Jakarta and Bandung in West Java, Indonesia’s second-largest city and a major arts and culture hub. Indonesia's outgoing President Joko Widodo rides the high-speed railway during a test ride in Jakarta. Akbar Nugroho Gumay/APWidodo and Chinese Premier Li Qiang were photographed taking test rides on the new high-speed railway throughout September. The train deal was first signed in 2015 as part of China’s Belt and Road Initiative and construction began later that year.
Persons: Dwiyana Slamet Riyadi, Dwiyana, Yasuyoshi Chiba, Joko Widodo, Xi Jinping, Akbar Nugroho Gumay, Li Qiang, Organizations: CNN —, Kereta, Surabaya –, PT, PT KCIC, Initiative Locations: CNN — Indonesia, Jakarta, Bandung, West Java, Indonesian, Indonesia China, Halim, East Jakarta, Padalarang, West Bandung, Surabaya, East Java Province, Semarang, Yogyakarta, Borobudur, AFP, Indonesia, Southeast, China, Rempang, Indonesia’s Riau
Malaysia's Prime Minister Anwar Ibrahim attends the 26th ASEAN-China Summit at the 43rd ASEAN Summit in Jakarta, Indonesia, on September 6, 2023. Malaysia and several other Southeast Asian countries have rejected the map. Anwar said Malaysia remained concerned over escalating tensions as China sought to assert its sovereignty claims over Taiwan, adding that both parties needed to avoid "unnecessary provocations" that can affect the region. Anwar also addressed doubts raised over his commitment to democratic reforms, after his government dropped corruption cases against key allies, filed sedition charges against opposition leaders, and increased scrutiny of Malaysia's LGBTQ community. "I wouldn't defend that actually, they were as you say, excesses, but... there is a consensus in the country, they do not accept (LGBTQ rights)," Anwar said.
Persons: Anwar Ibrahim, Yasuyoshi, Anwar, Li Qiang, Li, Christiane Amanpour, Malaysia's, Swatch's, Rozanna Latiff, Simon Cameron, Moore Organizations: Malaysia's, China, ASEAN Summit, Malaysia, CNN, Swatch, Thomson Locations: ASEAN, Jakarta, Indonesia, KUALA LUMPUR, China, South China, Beijing, Malaysia, Taiwan
KUALA LUMPUR (Reuters) - Malaysia Prime Minister Anwar Ibrahim said China had given an assurance that it would continue to negotiate with Southeast Asian countries over disputed territorial claims in the South China Sea, and avoid actions that risked escalation. Malaysia and several other Southeast Asian countries have rejected the map. Anwar said Malaysia remained concerned over escalating tensions as China sought to assert its sovereignty claims over Taiwan, adding that both parties needed to avoid "unnecessary provocations" that can affect the region. He reiterated that Malaysia would not accept LGBTQ rights but said that the community should not be harassed, and he spoke out against his government's move to ban Swatch watches celebrating the Pride movement. "I wouldn't defend that actually, they were as you say, excesses, but... there is a consensus in the country, they do not accept (LGBTQ rights)," Anwar said.
Persons: Anwar Ibrahim, Anwar, Li Qiang, Li, Christiane Amanpour, Malaysia's, Swatch's, Rozanna Latiff, Simon Cameron, Moore Organizations: Reuters, Malaysia, CNN, Swatch Locations: KUALA LUMPUR, China, South China, Beijing, Malaysia, Taiwan
(AP) — President Joe Biden's national security adviser met with China's foreign minister over the past two days on the Mediterranean island nation of Malta in an effort that the White House said Sunday was intended to “responsibly maintain the relationship” at a time of strained ties and mutual suspicion between the rival powers. The Biden administration shot down what was described as a Chinese spy balloon earlier this year. And after Chinese President Xi Jinping centralized his power, the Chinese economy has not rebounded as expected after ending its pandemic lockdowns. The White House said Sullivan and Wang discussed the relationship between the two countries, global and regional security issues, Russia's war in Ukraine and the Taiwan Strait. They talked about the Mediterranean region's role in helping to provide “global peace and security,” according to a statement by the Maltese government.
Persons: Joe Biden's, Jake Sullivan, Wang Yi, Joe Biden, Premier Li Qiang, ” Biden, Biden, “ It’s, , Gina Raimondo, Xi Jinping, Sullivan, Wang, Robert Abela, ___ Madhani Organizations: White, Premier, Group Locations: WILMINGTON, Del, Malta, Washington, Beijing, India, Japan, South Korea, Vietnam, Hanoi, China, U.S, Ukraine, Taiwan Strait, United States, People’s Republic of China, Maltese
Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.
Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S
Sunak’s predecessor Liz Truss called for the government to formally designate China as a threat to the UK. Florence Lo/APUnder the radarBut back to the question at hand: should the events of the past few days affect the UK’s official policy? Despite the arrests, observers believe it is unlikely there will be a sea-change in the UK government’s policy on China. The allegations that China is spying on the UK, in the very heart of Britain’s democracy, is of course a very real concern. But it will not be a surprise to the government, which has baked it into British foreign policy.
Persons: Tom Tugendhat, Tugendhat, Rishi Sunak, Premier Li Qiang, , Sunak’s, Liz Truss, Iain Duncan Smith, UK’s, Oliver Dowden, James, Han Zheng, Florence Lo, , Peter Ricketts, , doesn’t, ” Ricketts, Christopher Furlong Organizations: London CNN, Sunday Times, Conservative, CNN, Premier, Embassy, Metropolitan Police, Conservative Party, of, People, parliament’s Intelligence, Security, British National Security, Getty, Russia, Diplomats Locations: China, Beijing, New Delhi, London, gossiping, Europe, Hong Kong, South China, Taiwan, Westminster
South Korean President Yoon Suk-yeol attends the ASEAN-South Korea Summit at the Association of the Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 6, 2023. Tatan Syuflana/Pool via REUTERS/File Photo Acquire Licensing RightsSEOUL, Sept 12 (Reuters) - South Korean President Yoon Suk Yeol said on Tuesday that he called for China to play a "responsible" role in reining in North Korea's nuclear and missile threats when he met Chinese Premier Li Qiang last week. Yoon told Li that North Korea should not be a "stumbling block" in bilateral ties with Beijing as it poses an "existential threat" to South Korea. Yoon also said he and Li displayed support for a planned resumption this year of a trilateral summit involving Japan. Reporting by Hyonhee Shin and Hyunsu Yim; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Yoon Suk, yeol, Tatan, Yoon Suk Yeol, Li Qiang, Yoon, Li, Hyonhee Shin, Hyunsu Yim, Muralikumar Organizations: South, ASEAN, South Korea Summit, Association of, Southeast Asian Nations, Rights, North, . Security, Thomson Locations: Jakarta, Indonesia, Rights SEOUL, China, reining, North, North Korea, Beijing, South Korea, Korea, U.S, Japan
[1/2] An Uber riverboat sails on the River Thames, with the Houses of Parliament seen behind in London, Britain, May 17, 2023. Deputy Prime Minister Oliver Dowden and the parliamentary speaker were due to raise the case, after several lawmakers called for not only an explanation but also tighter vetting procedures for those working in the House of Commons. The Sunday Times reported one of those arrested was a researcher in the British parliament. His alleged spying in parliament was raised by British Prime Minister Rishi Sunak at a meeting with Chinese Premier Li Qiang at the G20 summit in India on Sunday. "I think that's the central question that needs to be answered by the prime minister today."
Persons: Toby Melville, Oliver Dowden, Rishi Sunak, Premier Li Qiang, Birnberg Peirce, James, Sunak, Keir Starmer, Elizabeth Piper, Alistair Smout, Kylie MacLellan, Sachin Ravikumar, Christina Fincher, Peter Graff Organizations: REUTERS, London's Metropolitan Police, Sunday Times, Times, British, Premier, Chinese Communist Party, Labour, Thomson Locations: London, Britain, China, London's, India, Beijing
US President Joe Biden said China's economic problems could keep Beijing from invading Taiwan. Biden said Chinese President Xi Jinping has his "hands full" with China's economic issues. Beijing claims self-ruled Taiwan as its territory and has been stepping up military drills around the island. China's "difficult economic problem" currently is unlikely to cause the country to invade Taiwan, Biden said at a press conference during his state visit to Hanoi in Vietnam, according to a recording on the White House's YouTube channel. "One of the major economic tenets of his plan isn't working at all right now," Biden added, without specifying what he was referring to.
Persons: Joe Biden, Biden, Xi Jinping, Xi, I'm, it's, Li Qiang Organizations: Service, YouTube, Huawei, Washington DC, Cultural Locations: Beijing, Taiwan, Wall, Silicon, Hanoi, Vietnam, China, New Delhi, New York City, Washington, Taipei
New Delhi CNN —President Joe Biden is nearing the end of a whirlwind trip to India and Vietnam for a series of high-profile meetings aimed at countering China’s influence in the developing world. That’s what this trip is all about, having India cooperate much more with United States, be closer to the United States, Vietnam being closer with the United States. “I think we have an enormous opportunity,” he said, adding: “Vietnam and the United States are critical partners at what I would argue is a very critical time. Here are five takeaways from the president’s trip to New Delhi and Hanoi. Biden tries to pull Vietnam closer to USBiden’s trip to Hanoi was his latest attempt to pull another one of China’s neighbors closer to the United States.
Persons: Joe Biden, Biden, ” Biden, , It’s, Nguyễn Phú, , I’m, ” “ I’m, Biden’s, Narendra Modi, Jake Sullivan, ” Sullivan, Oleg Nikolenko, Xi, Vladimir Putin, Xi Jinping, they’re, Kurt Campbell, Modi, – Biden, Campbell, it’s, ratchets, aggressions, Vietnam’s, Karine Jean, Pierre, Jean, Li Qiang, presser Organizations: New, New Delhi CNN, Communist Party of Vietnam, Sunday, Diplomats, Indian, Foreign, Facebook, , United, United Arab Emirates, World Bank, White, White House, Korean, Communist, Communist Party, Biden, CNN Locations: New Delhi, India, Vietnam, Hanoi, Asia, Beijing, China, United States, Ukraine, ” Russia, Russia, Ukrainian, East, Europe, United Kingdom, Japan, United Arab, Bali, Philippines, South China
U.S. President Joe Biden attends Partnership for Global Infrastructure and Investment event on the day of the G20 summit in New Delhi, India, September 9, 2023. REUTERS/Evelyn Hockstein/Pool Acquire Licensing RightsHANOI, Sept 10 (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. Chinese Premier Li Qiang attended the annual G20 summit in New Delhi. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said.
Persons: Joe Biden, Evelyn Hockstein, Xi's, Biden, Li Qiang, Nandita Bose, Trevor Hunnicutt, Lisa Shumaker Organizations: Global Infrastructure, REUTERS, Rights, Southern Hemisphere, Thomson Locations: New Delhi, India, Rights HANOI, Taiwan, China, Hanoi, Washington
By Nandita Bose and Trevor HunnicuttHANOI (Reuters) - U.S. President Joe Biden said on Sunday he held his highest-level direct talks with Chinese leadership in months and said the country's economic wobbles wouldn't lead it to invade Taiwan. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. In March, he took office in the country's No.2 post. "I don't think this is going to cause China to invade Taiwan," Biden said. (Reporting by Nandita Bose in Hanoi and Trevor Hunnicutt in Washington; Editing by Lisa Shumaker)
Persons: Nandita Bose, Trevor Hunnicutt HANOI, Joe Biden, Xi's, Biden, Li Qiang, Trevor Hunnicutt, Lisa Shumaker Organizations: Southern Hemisphere Locations: Taiwan, India, New Delhi, China, Hanoi, Washington
Biden said he met with Chinese President Xi Jinping's No.2, Chinese Premier Li Qiang, at the annual G20 summit in New Delhi. "My team, my staff still meets with President Xi's people and his cabinet," Biden told reporters. Biden called China's economic situation a "crisis," citing issues in the real estate sector and high youth unemployment. "One of the major economic tenets of his plan isn't working at all right now," Biden said of Xi, without elaborating. "I don't think this is going to cause China to invade Taiwan," Biden said of the country's economic troubles.
Persons: Joe Biden, Biden, Xi Jinping's, Li Qiang, Xi, Li, Xi's, I'm, it's, Evelyn Hockstein, Nandita Bose, Trevor Hunnicutt, Doina Chiacu, Lisa Shumaker, Heather Timmons, Cynthia Osterman Organizations: Taiwan, Southern, Sunday, Global Infrastructure, REUTERS, Democratic, Thomson Locations: HANOI, New Delhi, Indonesia, India, U.S, Beijing, Vietnam, China, Taiwan, United States, Hanoi, Washington
[1/5] U.S. President Joe Biden visits the Raj Ghat memorial with Prime Minister of India Narendra Modi and other G20 leaders, Sept. 10, 2023, in New Delhi. "Everything was reflected in a balanced form," Svetlana Lukash, the Russian G20 sherpa, or government negotiator, was quoted as saying by Russian news agency Interfax. "All members of the G20 have agreed to act as one in the interests of peace, security and conflict resolution around the world." The summit also admitted the African Union which includes 55 member states, as a permanent member of the G20. Russia's 2022 invasion of Ukraine has left tens of thousands dead, displaced millions and sown economic turmoil across the world.
Persons: Joe Biden, India Narendra Modi, Kenny Holston, Jake Sullivan, White, Biden, Russia's Lavrov, Li, Svetlana Lukash, Olaf Scholz, Rishi Sunak, Emmanuel Macron, Fumio Kishida, Mahatma Gandhi, Gandhi, Sergei Lavrov, Li Qiang, Xi Jinping, Russia's Vladimir Putin, Krishn Kaushik, Sanjeev Miglani, Raju Gopalakrishnan, Jacqueline Wong Organizations: REUTERS Acquire, White, Russian G20, House, British, Russian, European Union, Thomson Locations: India, New Delhi, Vietnam, DELHI, Russia, U.S, Moscow, Ukraine, Russian, Germany, Britain, Brazil, South Africa
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