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A view of the electric vehicle (EV) factory of China Evergrande New Energy Vehicle Group in Tianjin, China October 20, 2021. REUTERS/Yilei SunHONG KONG, Aug 15 (Reuters) - Shares of China Evergrande New Energy Vehicle Group (0708.HK)(NEV) are set to open 14.7% higher on Tuesday, after the company said it has agreed to sell new shares to U.S.-listed NWTN (NWTN.O) for $500 million. After completion of the deal, NWTN, a mobility technology company, will hold about a 27.5% stake in NEV.($1 = 7.8205 Hong Kong dollars)Reporting by Clare Jim; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.
Persons: Clare Jim, Muralikumar Organizations: Energy Vehicle Group, REUTERS, HK, U.S, Thomson Locations: China, Tianjin, HONG KONG, NEV, Hong Kong
BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang
Fiscal stimulus, for instance, amounted to just a third of the aid offered in the United States, with no nationwide cash handouts. “A comprehensive policy mix — covering monetary and fiscal stimulus, including infrastructure, property, and consumption, alongside structural reforms,” would be helpful to rebuild confidence, they said. It was seen as a success and helped boost Beijing’s domestic and international political standing as well as China’s economic growth, which soared to more than 9% in the second half of 2009. China’s debt woes have only deepened during the Covid-19 pandemic, when three years of draconian restrictions and a real estate downturn drained the coffers of local government. “An infrastructure-led fiscal stimulus would need to be much bigger to have the same economic impact,” she said.
Persons: they’ve, , Robert Carnell, Craig Singleton, Alicia Garcia, Herrero, China “, wouldn’t, Zhu Min, Garcia, Xi Jinping, Derek Scissors, Singleton, Organizations: Hong Kong CNN, CNN, ING Group, Foundation for Defense of Democracies, Manufacturers, Asia Pacific, UBS Global Wealth Management, International Monetary Fund, Bloomberg, American Enterprise Institute Locations: Hong Kong, China, Asia, Pacific, Washington, , Beijing, United States, China’s, Tianjin
People ride a boat through a flooded road after the rains and floods brought by remnants of Typhoon Doksuri, in Zhuozhou, Hebei province, China August 3, 2023. The vast Hai River basin covers an area the size of Poland that includes Hebei, Beijing, Tianjin. On his visit to flood storage areas in Baoding, Ni added that it was necessary to reduce the pressure on Beijing's flood control and create a "moat" for the Chinese capital. "I'd like to know, among all the people living in flood storage areas across the country, how many of them know they are living in such areas?" As of 8:00 a.m. (0000 GMT) on Friday, Hebei had relocated more than 1.54 million people, including 961,200 from flood storage areas, state media reported on Saturday.
Persons: Doksuri, Tingshu Wang, Xi Jinping, Secretary Ni Yuefeng, netizens, netizen, David Kirton, Ryan Woo, Simon Cameron, Moore Organizations: REUTERS, Beijing, Hebei's Communist, Secretary, Reuters, China Water Resources, Ministry of Water Resources, Thomson Locations: Zhuozhou, Hebei province, China, BEIJING, China's, Hebei, Poland, Beijing, Tianjin, Baoding prefecture, Baoding, Xiongan, Ni, Weibo, Bazhou, Shanghai
China raises emergency response level for floods in northeast
  + stars: | 2023-08-06 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, Aug 6 (Reuters) - Authorities in northeastern China raised their emergency response level on Sunday as tributaries of the Songhua, a major river, rose to dangerous levels after days of heavy rain caused by Typhoon Doksuri. China's Ministry of Water Resources said it raised the response for flooding to Level III at 10 a.m. (0200 GMT) in Inner Mongolia, Jilin and Heilongjiang. China uses a four-tier emergency response system, with Level I the most urgent. China on Sunday allocated an additional 350 million yuan ($48.8 million) to support rescues and house repairs in the flood-hit regions including Beijing, Tianjin, Hebei, Heilongjiang and Jilin, according to a government statement. The government had previously allocated 170 million yuan for rescue and recovery work.
Persons: Doksuri, William Mallard, Tom Hogue Organizations: China's Ministry of Water Resources, Shanghai, Thomson Locations: SHANGHAI, China, China's, Inner Mongolia, Jilin, Heilongjiang, Beijing, Tianjin, Hebei
China's July economic losses from disasters exceed January-June
  + stars: | 2023-08-05 | by ( ) www.reuters.com   time to read: +2 min
August, when rainfall usually peaks and summer temperatures soar, is set for further economic impact from floods and heatwaves. Rainfall in northeastern provinces could be as much as 50% higher than normal in August, China's national forecaster have warned. In the northern province of Hebei, over 1.2 million people had been evacuated as of Wednesday due to flooding caused by residual rains from Doksuri. China's top economic planner on Friday earmarked an additional 100 million yuan to support post-disaster recovery in Tianjin and Hebei on top of the 100 million yuan announced on Wednesday for Beijing and Hebei. The finance and water resources ministries separately on Friday also offered 450 million yuan to support the overall recovery effort.
Persons: Talim, Ryan Woo, William Mallard Organizations: cnsphoto, REUTERS, Ministry of Emergency Management, Thomson Locations: Beihai, Guangxi Zhuang Autonomous Region, China, BEIJING, Beijing, Hebei, Doksuri, Tianjin
Evacuated residents have been transferred to makeshift shelters in hotels and schools, according to state media reports. A woman sits next to a flooded road following heavy rains in Zhuozhou, in northern China's Hebei province on August 2, 2023. Jade Gao/AFP/Getty ImagesFlood control zonesSome 857,000 people have been relocated from these areas, state media reported. Under national rules, the cost of properties damaged due to the release of waters in flood control areas will be compensated by 70%. Floods inundate a village in Baoding city, Hebei province, on August 2, 2023.
Persons: Typhoon Doksuri, Jade Gao, ” Yang Bang, Yang, Ni Yuefeng, , , Cheng Xiaotao, Shao Sun, Sun, Organizations: Hong Kong CNN, Ministry of Water Resources, Getty, University of California, CNN, Sun Locations: Hong Kong, China’s Hebei province, Beijing, Tianjin, Hebei, Zhuozhou, China's Hebei, AFP, Hebei province, , , Baoding, , China, University of California Irvine, North China
For days, the rain came down in sheets, pounding Beijing and areas around it in what the government said was the heaviest deluge China’s capital had seen since record keeping began 140 years ago. When the extreme downpour finally stopped on Tuesday, most of Beijing had been spared the worst — but partly because officials made sure the floodwaters went elsewhere. Officials in Hebei Province, which borders Beijing, had opened flood gates and spillways in seven low-lying flood control zones to prevent rivers and reservoirs from overflowing in Beijing and the region’s other metropolis, Tianjin, state media said. The Communist Party leader of Hebei, Ni Yuefeng, said he ordered the “activation of flood storage and diversion areas in an orderly manner, so as to reduce the pressure on Beijing’s flood control and resolutely build a ‘moat’ for the capital.”
Persons: Ni Yuefeng, Organizations: Communist Party Locations: Beijing, Hebei Province, Tianjin, Hebei, Ni
[1/5] A man carries a child through the mud after floods, in a neighbourhood affected by days of heavy rain from remnants of Typhoon Doksuri, in Beijing, China, August 1, 2023. REUTERS/Thomas PeterBEIJING, Aug 1 (Reuters) - Relentless rain stretched into a fourth day in Beijing and nearby cities on Tuesday after a typhoon brought northern China non-stop precipitation and widespread flooding. Rivers have swollen to dangerous levels, prompting Beijing to use a flood storage reservoir for the first time since it was built 25 years ago. Beijing's Mentougou district in the west saw dramatic damage a day before, after torrential rains turned roads into rivers, sweeping cars away. In July 2012, Beijing was hit by the strongest storm since the founding of modern China, with the city receiving 190.3mm of rain in one day, affecting more than 1.6 million people.
Persons: Doksuri, Thomas Peter BEIJING, Liz Lee, Ryan Woo, Tom Hogue Organizations: REUTERS, CCTV, Shanghai, Thomson Locations: Beijing, China, Tianjin, Hebei province, Beijing's Mentougou, 738.3mm, South, Hebei, Britain, Fujian
[1/5] People wear raincoats in a tourist area during heavy rain in Beijing, China, July 30, 2023. REUTERS/Thomas PeterBEIJING, July 31 (Reuters) - Beijing recorded its heaviest rainfall this year as the remnants of Typhoon Doksuri passed through China's capital on Monday, forcing over 31,000 people to evacuate their homes in the city, according to state broadcaster CCTV. Heavy rain continued to fall in the capital as well as Hebei, Tianjin and eastern Shanxi as Doksuri dissipated over northern China, the China Meteorological Administration said. Average rainfall in Beijing overnight reached 140.7 mm (5.5 inches), with the maximum recorded rainfall in Fangshan area hitting 500.4 mm (19.7 inches), according to the city's observatory. Authorities said Khanun could inflict further damage to corn and other crops that have already been hit by Doksuri.
Persons: Thomas Peter BEIJING, Typhoon Doksuri, Doksuri, Khanun, Liz Lee, Stephen Coates Organizations: REUTERS, China Meteorological Administration, Authorities, Doksuri, Thomson Locations: Beijing, China, Hebei, Tianjin, Shanxi, Fujian, Shanghai
China's tech crackdown wiped $1.1 trillion off the valuation of its Big Tech firms. China's economy is struggling to recover after three years of on-off COVID-19 lockdowns. China cracked down on the country's tech sector in 2020, taking down its Big Tech, whose market value has been wiped by $1.1 trillion. But now, authorities are laying out the red carpet for the same firms because the economy is in deep trouble. Local governments in China are wooing tech giants with at least five recent deals to build on the so-called "platform economy," the South China Morning Post reported on Sunday.
Persons: NetEase, Yin Li, Kuaishou, Yin Yong, Daniel Zhang, Lei Jun, Alibaba, Jack Ma Organizations: Big Tech, Morning, China Morning Post, Sunday, Communist Party Locations: China, Beijing, Hangzhou, Tianjin, Shenzhen
BEIJING, July 29 (Reuters) - Rain began to soak northern China on Saturday as Doksuri, one of the strongest storms to hit the country in years, rolled toward Beijing after pummelling the Philippines and Taiwan, and lashing China's coast. A broad area encompassing the capital faces medium to high risk of rainstorm disasters over the coming three days, China's national forecaster said. Cumulative rainfall of 100mm (4 inches) or more is forecast over 220,000 square km (85,000 square miles), potentially affecting 130 million people. Doksuri was the most powerful typhoon to hit China this year and the second-strongest to hit the southeastern province of Fujian since Typhoon Meranti in 2016. Before hitting China, Doksuri roared through Taiwan and the northern Philippines, where rain and strong winds that led to the capsize of a ferry in which at least 25 people died.
Persons: Doksuri, Meranti, Liz Lee, Jenny Wang, William Mallard Organizations: China Meteorological Administration, Firefighters, cnsphoto, Thomson Locations: BEIJING, China, Beijing, Philippines, Taiwan, Tianjin, Hebei, Shanxi, Henan, Fujian, Quanzhou, Fujian province, Anhui, Shandong, Putian city, Fuzhou, Putian
BEIJING, July 29 (Reuters) - Rain soaked northern China on Saturday as Doksuri, one of the strongest storms to hit the country in years, prompted thousands to evacuate in Beijing after pummelling the Philippines and Taiwan, and lashing China's coast. The city's flood control department said it has mobilised 203,230 rescue personnel and 3,031 people had been evacuated, local media reported. Doksuri is the most powerful typhoon to hit China this year and the second-strongest to hit the southeastern province of Fujian since Typhoon Meranti in 2016. Provincial media reported rescue efforts in the storm's aftermath, of elderly trapped at home and a heavily pregnant woman, who was transferred to hospital on a stretcher in knee-deep waters. ($1 = 7.1488 Chinese yuan renminbi)Reporting by Liz Lee, Jenny Wang and Ryan Woo; Editing by William Mallard and Lincoln Feast.
Persons: Doksuri, Meranti, Liz Lee, Jenny Wang, Ryan Woo, William Mallard Organizations: China Meteorological Administration, Firefighters, cnsphoto, Provincial, Thomson Locations: BEIJING, China, Beijing, Philippines, Taiwan, Tianjin, Hebei, Shanxi, Henan, Fujian, Anhui, Quanzhou, Fujian province, Shandong, Putian city, Fuzhou, Putian
HONG KONG, July 28 (Reuters) - Shares of China Evergrande New Energy Vehicle Group (NEV) (0708.HK) plunged on Friday as trading resumed nearly 16 months after the stock was suspended pending the release of financial results. Resumption of trading in the shares is one step forward for its embattled parent China Evergrande Group (3333.HK), whose offshore debt restructuring plan includes swapping part of the debt into equity-linked instruments backed by the group, Evergrande NEV and another unit, Evergrande Property Services. Shares of Evergrande Group, laden with $330 billion in total liabilities, and its services arm (6666.HK) have remained suspended since March 2022. Shares of Evergrande NEV sank as much as 69% to HK$1 in early trading, down from HK$3.2 on its last closing date of April 1, 2022. That compares to a 19% rise in Chinese EV giant BYD Co and 27% drop in EV startup Xpeng Inc (9868.HK) during the 16-month period.
Persons: Evergrande NEV, NEV, Clare Jim, Jacqueline, Jamie Freed, Kim Coghill Organizations: Energy Vehicle Group, HK, China Evergrande, Evergrande, Hong, Shanghai, Thomson Locations: HONG KONG, China, Hong Kong, Tianjin
BEIJING, July 25 (Reuters) - Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday, potentially curbing iron ore demand in the world's top steel market. China has mandated zero output growth in its steel sector for the last two years as it seeks to limit carbon emissions by one of its most polluting industries. China's state planner did not respond to a fax seeking comment on the caps issued at some steel mills. Some mills in the northern Chinese city of Tianjin were notified to keep steel output below the 2022 level, according to reports by local consultancies Mysteel and Fubao on Tuesday, which did not specify the number of mills. However, a dozen mills in northern Chinese cities including Tianjin and Handan contacted by Reuters said they had not yet received any instructions to cap their output.
Persons: Dominique Patton, Chizu Organizations: China Baowu Steel Group, Shanghai Metals, Reuters, Shanghai Futures Exchange, National Bureau, Statistics, Thomson Locations: BEIJING, China, Tianjin, Fubao, Shanghai, Handan, Beijing
China's Qin Gang had meteoric rise and swift removal
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +4 min
Born in the northern city of Tianjin in 1966, Qin studied International Politics at one of China's most prestigious schools for aspiring diplomats, the University of International Relations in Beijing. After graduating, Qin entered the diplomatic service, working in several jobs at the foreign ministry as well as postings at the Chinese Embassy in Britain. Qin was twice foreign ministry spokesman, between 2006 and 2014, and chief protocol officer between 2014 and 2018, overseeing many of Xi's interactions with foreign leaders. After becoming foreign minister, Qin's comments on hot button issues such as Taiwan and China's relations with Russia did not diverge in any significant way from those of his predecessor. In his first comments as foreign minister, Qin said in solving challenges common to all mankind, China's diplomacy would offer "Chinese wisdom, Chinese initiatives and Chinese strength".
Persons: Qin Gang, Xi Jinping, Xi, Wang Yi, Qin, Britain . Qin, Antony Blinken, Wang, Yew Lun Tian, Martin Quin Pollard, Rob Birsel, Nick Macfie Organizations: Foreign, University of International Relations, Embassy, Washington, U.S, Chinese Communist Party, Thomson Locations: Tianjin, Beijing, Britain ., United States, Washington, Taiwan, Sri Lanka, Russia, Vietnam, Indonesia, Africa, Europe, Ukraine, China, American, U.S
The move marks a revival of efforts by Alipay and WeChat Pay to accept foreign credit cards after they provided some limited access in late 2019. WeChat Pay is officially known as Weixin Pay in China. Alipay and WeChat Pay are dominant in digital payment services, accounting for a combined 91% market share. In 2019, Alipay and WeChat started allowing the use of foreign credit cards on their apps as Chinese regulators eased restrictions. A week later, an executive from Tencent said at a forum that the company would open wider its WeChat Pay system to international card organizations, such as Visa, starting in July.
Persons: Alipay, WeChat, ” Dennis Chang, Tencent, , Chen Qiru Organizations: Hong Kong CNN —, Mastercard, Ant Group, Visa, Club, Discover, World, Hangzhou, Alibaba, JCB, Greater China, , Tencent Financial Technology, , People’s Bank of Locations: Hong Kong, China, Beijing, Chengdu, Hangzhou, Tianjin, People’s Bank of China
BEIJING, July 21 (Reuters) - Rescue services braced for flooding as heavier-than-expected summer storms rolled across China as forecast on Friday, drenching Beijing and other major cities. Historically, China enters its peak rainy season in late July, but extreme weather has made storms more intense and unpredictable, exposing heavily built-up megacities with poor drainage to sudden floods and waterlogging. In Beijing, authorities have deployed this week over 2,600 people to drain 87 pumping stations in advance and clear thousands of water drainage outlets along roads, municipal authorities said in a statement on Friday. In July 2021, extreme rain in the central Henan city of Zhengzhou killed nearly 400 people, including 14 who drowned in a submerged subway line. Reporting by Ryan Woo and Liz Lee in Beijing; Editing by Miral FahmyOur Standards: The Thomson Reuters Trust Principles.
Persons: drenching, Ryan Woo, Liz Lee, Miral Organizations: Beijing Public Transport, Authorities, Xinhua, China Meteorological Administration, Thomson Locations: BEIJING, China, drenching Beijing, Beijing, Tianjin, Hebei, Inner Mongolia, Shanxi, Henan, Hubei, Jiangsu, Wuxi city, Gansu, Zhengzhou
China is signaling to the rest of the world that it's open for business again. Both Elon Musk and Janet Yellen have made trips to Beijing recently. But less money is flowing into the country – with foreign investors likely alienated by Xi Jinping's authoritarianism. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Spooked investors responded by dumping Chinese stocks in a $6 trillion blowout, while the onshore Chinese yuan dropped against the US dollar.
Persons: Elon Musk, Janet Yellen, Xi, Li Qiang, John Kerry, Mark Mobius, he'd Organizations: Service, Privacy, China, Tesla, Communist Party, Bain, Co, Big Tech Locations: China, Beijing, Wall, Silicon, Tianjin, Shanghai, West
China posted GDP growth of 6.3% in the second quarter of 2023, badly missing expectations. Even so, China is unlikely to unleash major stimulus measures to boost the economy because it's already in so much debt. And while the GDP did grow year-on-year, it bears noting that the comparison is with a low base from last year when China's economy was battered by on-off COVID-19 restrictions. "There are growing hopes for 'big bang' stimulus to fire up China's growth," Vishnu Varathan, the head of economics and strategy at Mizuho Bank, wrote in a Monday note before China's second-quarter GDP release. The inherent risk with such high debt levels is that a default threatens a domino impact on the Chinese economy — and even the world.
Persons: Vishnu Varathan, China's, Liu Guoqiang, Zhu Min, Robert Carnell, ING's, Carnell, Nomura Organizations: Service, Reuters, Mizuho Bank, Bloomberg, International Monetary Fund, Asia Pacific Locations: China, Wall, Silicon, Beijing, Tianjin
China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.
Persons: John Kerry, , Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, , ” Wang Organizations: Hong Kong CNN, Beijing Sunday, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, , Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP
China Energy Investment Corporation, the world’s largest generator of coal-fired power, said its production of electricity reached a historic high on Monday. Kerry, 79, has traveled to China twice since being appointed as US President Joe Biden’s special climate envoy. Li, the Greenpeace analyst, said he would be closely watching who will meet with Kerry in Beijing. That would require the country to phase out coal power, which accounts for about 60% of its total electricity generation. “The expansion of coal is a grave challenge for China’s climate policy,” Li said.
Persons: John Kerry, , Li Shuo, Nancy Pelosi’s, ” Li, Andy Wong, Kerry, Biden, Antony Blinken, Xi Jinping, Janet Yellen, China’s Premier Li Qiang, Blinken, Wang Yi, Alex Wang, Joe Biden’s, Xie Zhenhua, Arnd Wiegmann, Li, Xie Jianhua, Ding Xuexiang, Xi, Obama, Xie, ” Kerry, “ I’m, Stringer, Wang, “ It’s, , ” Wang Organizations: Hong Kong CNN, Greenpeace, Washington, US, Taiwan —, China Energy Investment Corporation, China’s Premier, University of California, US State Department, China’s Ministry of Ecology, Economic, Blinken, Kerry, CNN, COP28, UCLA, Global Energy Monitor Locations: Hong Kong, Beijing, United States, China, Greenpeace China, Taiwan, Jakarta, , Los Angeles, Kerry, Shanghai, Tianjin, People’s Republic of China, Davos, Switzerland, Washington, Paris, China Glasgow, Dubai, Lianyungang, China's, Jiangsu, AFP
July 13 (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy. The government of Qingdao and the China Development Bank did not reply to Reuters' requests for comment. While no LGFV in China has defaulted in the public markets, cases of delinquencies in the private debt market are increasing, worrying Beijing. Tianjin LGFV bonds yield more than 514 bps over government bonds, compared with 200 bps for Shandong bonds, reflecting the elevated risks. Fund manager Zhou said although he is bullish on LGFV bonds, "the first priority is to be absolutely diversified in investment.
Persons: Qingdao's, Xi Jinping, LGFVs, Goldman Sachs, Zhai Jianye, Zhai, It's, Zhou Tingzuo, Ning Yong, Zhou, Samuel Shen, Jason Xue, Tom Westbrook, Vidya Ranganathan Organizations: Dongdin Industrial Group, China Development Bank, Southwest Securities, Agricultural Bank of China, China Construction Bank, Commercial Bank of China, SS, Shoupu Fund Management Co, Ning Yong Fu Fund Management, Thomson Locations: Qingdao, China's, Shandong, China, Shandong LGFVs, Beijing, Big, Jinan, Weifang, Liaoning, Hunan, Shanghai, Tianjin, Singapore
Top US-China exchanges since Biden took office
  + stars: | 2023-07-09 | by ( ) www.reuters.com   time to read: +5 min
Below is a list of some of the other high level U.S.-China exchanges since President Joe Biden took office in 2021. FIRST TRADE TALKS - May 26, 2021U.S. Trade Representative Katherine Tai and China's then Vice Premier Liu He held talks virtually, the first such high level trade talks between the world's two biggest economies since Biden took office. DIPLOMAT VISITS CHINA - July 26, 2021Deputy Secretary of State Wendy Sherman held talks with State Councillor Wang Yi, in Tianjin, China. DEFENCE CHIEFS HOLD FIRST TALKS - April 20, 2022U.S. Defense Secretary Lloyd Austin held a call with China's then defence minister Wei Fenghe, the first talks between the two officials since Biden took office. BIDEN AND XI MEET IN BALI - November 14, 2022Biden and Xi held their long-awaited first face-to-face leadership talks on the sidelines of the G20 summit in Bali, Indonesia.
Persons: Janet Yellen, John Kerry, Joe Biden, BIDEN, Biden, Xi Jinping, Xi, Jake Sullivan, Yang Jiechi, Wang Yi, Katherine Tai, China's, Liu, Wendy Sherman, SULLIVAN, YANG, Sullivan, Yang, Lloyd Austin, Wei Fenghe, WANG, Wang, Nancy Pelosi, HARRIS, Kamala Harris, Gina Raimondo, Wang Wentao, National Defense Li Shangfu, Li, BLINKEN, Antony Blinken, Washington's, Martin Quin Pollard, Raju Gopalakrishnan, Kim Coghill Organizations: . Treasury, U.S, FIRST, National Security, . Trade, CHIEFS, . Defense, General Assembly, BIDEN, IN, Economic Cooperation APEC, CHINA COMMERCE, . Commerce, Commerce, Washington D.C, China's, National Defense, Pentagon, Austin, BEIJING, Thomson Locations: China, Beijing, Yellen's, U.S, Anchorage , Alaska, Blinken, CHINA, Tianjin, Taiwan, North Korea, ROME, Russia, Ukraine, New York, IN BALI, Bali , Indonesia, BANGKOK, Asia, Thailand, MUNICH, Munich, WASHINGTON, Washington, Singapore
The global economy stands to gain if Washington and Beijing can mend fences, but analysts say this appears unlikely. Here are four things likely to make it harder for Yellen to repair US-China ties, and one thing keeping the relationship going. Sequoia’s executives said in a statement that it has become “increasingly complex” to run a decentralized global investment business. On Wednesday, US pharmaceutical firm Moderna (MRNA)signed a deal to make its first major investment in China. “Both sides are ramping up commercial restrictions in the name of national security and national interests,” she said.
Persons: Janet Yellen, China, ” Wei Jianguo, , Anna Ashton, Biden, Beijing’s, Wei, Capvision, Xi Jinping’s, , Li Qiang, Xi, Alex Capri, ” Ashton, , Jennifer Hansler, Wayne Chang, Bryan Mena Organizations: Hong Kong CNN, Eurasia Group, Micron Technology, China Daily, Analysts, China, Capvision, Bain & Company, Group, Forrester Research, Ontario, Republicans, Hawks, Shanghai Cooperation Organization, Xinhua, US Commerce Department, , National University of Singapore Business School, Moderna Locations: Hong Kong, Beijing, United States, China, Chinese, Washington, Japan, Europe, Shanghai, New York, decouple, Moscow, Ukraine, Russia, Taiwan, Tianjin
Total: 25