DIRS.INFO The most relevant business & tech news

☆ Elon Musk meets China's foreign minister as Tesla boss touts expansion in the country
▼ + stars: | 2023-05-30 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Elon Musk met with China's Foreign Minister Qin Gang on Tuesday as Beijing pushed to show it is open to foreign business and the Tesla CEO reportedly signaled further expansion in China. According to the Chinese foreign ministry statement, Musk praised Chinese the Chinese people and China's achievements. Tesla did not immediately respond to a CNBC request to verify the Chinese foreign ministry's statement. The meeting between Musk and Qin comes at a time of continued tensions between the U.S. and China over technology. The Chinese foreign minister on Tuesday said that a "constructive" U.S. and China relationship is in the interest of both countries and the world.

☆ China foreign minister meets with Elon Musk in Beijing
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: 1 min

BEIJING, May 30 (Reuters) - China will create a better market-oriented business environment for enterprises from all countries, including Tesla, China's foreign minister Qin Gang said during a meeting with Tesla's Elon Musk on Tuesday. China will continue to unswervingly promote high-level opening-up and strive to create a better international business environment, Qin told Musk, according to a statement from the Chinese foreign ministry. Reporting by Beijing newsroom, editing by Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ BYD and Great Wall feud portends potholes ahead
▼ + stars: | 2023-05-25 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, May 25 (Reuters Breakingviews) - China’s Great Wall Motor (601633.SS) has made a rare public allegation that BYD’s (002594.SZ), (1211.HK) Qin Plus and Song Plus hybrid models do not meet emissions standards in the country. Thursday’s accusations sent BYD’s Hong Kong-listed shares down 5.4%, but the whistleblower’s own stock fell 7.3% by market close. BYD is currently the world’s best-selling electric-car marque per Bernstein, and it sold nearly 15,000 electric passenger cars outside China in the year to April. As for Great Wall, some 73,789 of its cars, representing nearly a quarter of its sales, were overseas in the same period. If the mud Great Wall slings ends up sticking, the global image of Chinese auto brands could get stained just as they expand into global markets.

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

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

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

☆ China's carbon emissions to hit new record in 2023 on economic rebound. But they could peak soon, report says
▼ + stars: | 2023-05-12 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s carbon emissions will likely hit a new record in 2023 on the back of an economic rebound, but a rapid expansion in green energy will enable its emissions to peak soon, a global energy think tank said on Friday. However, the emissions could peak soon, as China has accelerated its clean energy push and installed record amounts of solar and wind power capacity, the analysts pointed out. Coal production surged 11% in 2022 from 2021, according to the National Bureau of Statistics. This will lead to a sharp increase in bank lending and investment, particularly for manufacturing, transportation and energy production, they added. “When low-carbon power growth matches — and then exceeds — the annual increase in electricity demand, the sector’s CO2 emissions will peak,” they said.

☆ China Seeks to Pry Europe Away From Washington
▼ + stars: | 2023-05-10 | by ( Laurence Norman | Austin Ramzy | ) www.wsj.com time to read: 1 min

German Foreign Minister Annalena Baerbock with her Chinese counterpart, Qin Gang, after talks in Berlin. Photo: Thomas Trutschel/Zuma PressBERLIN—China’s foreign minister is crisscrossing Europe this week in a bid to peel the continent away from the growing confrontation between Beijing and Washington, warning that European interests would be harmed by toeing the U.S.’s approach. A three-capital trip by Qin Gang, his first solo trip to the region since becoming China’s foreign minister, comes at a pivotal moment for China’s relationship with the bloc.

☆ Russia's war on Ukraine latest: Russia marks Victory Day with new attacks on Ukraine
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +4 min

* European Commission President Ursula von der Leyen hailed Ukraine as "the beating heart of today's European values" in a deeply symbolic visit to Kyiv on Tuesday as Russia marked its World War Two Victory Day. CONFLICT* Russia's defence ministry said its forces had launched missile strikes at targets across Ukraine overnight, disrupting Kyiv's supplies of ammunition to the frontline and troop movements. * Ukraine said its air defences shot down 23 of 25 missiles, fired chiefly at Kyiv, and there were no reported casualties. * Russian mercenary chief Yevgeny Prigozhin made a cryptic, profanity-laced comment about those in charge of Russia's war on Ukraine. INTERNATIONAL* Chinese Foreign Minister Qin Gang said Beijing would maintain lines of communication with all parties to the war in Ukraine, including Germany, in seeking a ceasefire.

☆ EU envoy to China hails Xi's call with Ukraine president as positive step
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

BEIJING, May 9 (Reuters) - Chinese President Xi Jinping's recent call with Ukraine President Volodymyr Zelenskiy was a very positive step, the European Union ambassador to China said on Tuesday, while urging greater efforts to achieve peace. Xi's hour-long call with Zelenskiy for the first time since Russia's invasion of Ukraine, fulfilled one of Kyiv's long-standing goals, which it had publicly sought for months. "We would like China to go further and help more to reach a just peace, which involves withdrawal of Russian troops from Ukraine," Jorge Toledo Albinana told a press conference in the Chinese capital. State media had reported that during their call, Xi told Zelenskiy China would send special representatives to Ukraine and hold talks with all parties seeking peace. Borrell reportedly wrote in an opinion piece in the Journal du Dimanche that European navies should patrol the Strait.

☆ China Woos European Leaders on Trip Overshadowed by Kremlin Ties
▼ + stars: | 2023-05-09 | by ( Steven Erlanger | Erika Solomon | ) www.nytimes.com time to read: +1 min

China’s top diplomat set out on a three-nation trip Tuesday to persuade European leaders that they can do business with Beijing, even as the Chinese tried to keep faith with their “unlimited partnership” with a Russia that has plunged Europe into war. But arriving in Berlin, Foreign Minister Qin Gang was quickly confronted about the war in Ukraine. “Neutrality means taking the side of the aggressor, and that is why our guiding principle is to make it clear that we are on the side of the victim,” the German foreign minister, Annalena Baerbock, declared at a joint news conference after they met. Beijing, she said, could be doing much more to help bring the war to an end. Mr. Qin defended his nation’s approach.

BERLIN, May 9 (Reuters) - Chinese Foreign Minister Qin Gang said on Tuesday that Beijing would maintain lines of communication with all parties to the war in Ukraine, including Germany, in seeking a ceasefire. European nations have repeatedly criticised China for its refusal to describe Russia's war in Ukraine as an invasion, or to call for a Russian withdrawal. "China is willing to maintain communication with relevant parties, including Germany, to achieve an early ceasefire." Qin said Beijing "firmly opposes some countries in using their so-called laws to impose long-arm jurisdiction and unilateral sanctions on other countries, including China". He added: "China will make necessary responses and resolutely safeguard the legitimate rights and legitimate interests of Chinese enterprises."

☆ Chinese Foreign Minister Scolds U.S. Envoy Over Taiwan
▼ + stars: | 2023-05-08 | by ( Brian Spegele | ) www.wsj.com time to read: 1 min

Chinese Foreign Minister Qin Gang in Beijing earlier this year. Photo: Lintao Zhang/Getty ImagesBEIJING—China’s foreign minister rebuked the American ambassador in Beijing for what he said was Washington’s support of Taiwan and indicated that his side wanted concessions from the U.S. in return for improved lines of communication sought by the White House. In a readout of their meeting on Monday from China’s Foreign Ministry, Qin Gang described the U.S. as hypocritical for trying to bolster communication channels between the countries on one hand, while simultaneously brushing up against what China sees as its Taiwan red lines.

☆ China’s Foreign Minister Meets U.S. Envoy, Urges Washington to Reflect
▼ + stars: | 2023-05-08 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

In the three months since, China has ramped up a campaign of anti-American rhetoric and tried to drive a wedge between the United States and Europe, which is divided over how closely to align with Washington’s more hawkish policies toward Beijing. Mr. Qin blamed “a series of erroneous words and deeds” by the United States for undermining “the hard-won positive momentum of Sino-U.S. relations,” according to the Chinese readout. Mr. Qin said he hoped the Biden administration could “reflect deeply” and push the relationship “back on track.” To do that, Washington needed to respect “China’s bottom line” on issues such as Taiwan, the self-governing island claimed by Beijing. Mr. Qin said the United States was “supporting and condoning ‘Taiwan independence’ separatist forces.”China reacted angrily to a visit last month by President Tsai Ing-wen of Taiwan to the United States. In a post on Twitter, Mr. Burns said he and Mr. Qin “discussed challenges in the U.S.-China relationship and the necessity of stabilizing ties and expanding high-level communication.”

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

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

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

☆ China assures Russia, India of deepening 'cooperation'
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +3 min

[1/3] India's Foreign Minister Subrahmanyam Jaishankar and his Chinese counterpart Qin Gang pose for a photograph during the SCO Council of Foreign Ministers' meeting in Goa, India, May 4, 2023. Currently the bloc includes Russia, India, China, Pakistan and four Central Asian countries - Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran and Belarus are expected to be inducted into the SCO at a summit in New Delhi in July, an Indian foreign ministry official said. In a separate meeting with Indian Foreign Minister Subrahmanyam Jaishankar, Qin said China is willing to deepen "coordination and cooperation" on international and regional issues with India and bring ties back to a "healthy" track of development. China's ties with India have deteriorated since 2020, when their troops clashed on a disputed Himalayan border and 24 people were killed.

☆ House China committee targets top clothing brands in forced labor inquiry
▼ + stars: | 2023-05-03 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. WASHINGTON — A House committee examining the U.S. government's economic relationship with China is asking some of the world's largest clothing companies for information about the use of forced labor during production — a potential violation of U.S. trade law. Lawmakers asked retailers Temu, Shein, Nike and Adidas North America about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of China, according to letters sent to company leaders on Tuesday. Such practices would constitute violations of the 2021 Uyghur Forced Labor Prevention Act, according to the lawmakers. The inquiries also follow a March hearing of the committee that included an expert assessment finding that U.S. companies finance "state-sponsored forced labor programs in the Uyghur region."

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

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

☆ China says Myanmar's sovereignty should be respected
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 2 (Reuters) - China supports Myanmar in finding its own path to development and urges the international community to respect its sovereignty and help it achieve peace and reconciliation, China's foreign ministry said on Wednesday. "China supports Myanmar in exploring a development path with Myanmar characteristics that suits to its national conditions," Qin's ministry cited him as saying in the talks. The international community should respect Myanmar's sovereignty and play a constructive role in helping it achieve peace and reconciliation, he said. On economic development, Qin said China would accelerate investment linked to a China-Myanmar Economic Corridor and implement projects on agriculture, education and health care. China also supported Myanmar on improving its relations with its western neighbour, Bangladesh, the Chinese foreign minister said.

WASHINGTON, April 29 (Reuters) - At a summit on Monday, U.S. President Joe Biden and Philippines counterpart Ferdinand Marcos Jr are expected to reach agreements on greater business engagement, as well as "military enhancements" amid shared concerns about China, a senior Biden administration official told Reuters. Marcos is due in the United States on Sunday for a four-day visit that Philippines official say is aimed at reaffirming the special relationship between the Philippines and the United States, which are long-time allies. The senior U.S. administration official said it was impossible to underestimate its strategic importance of the Philippines, although the relationship was more than just about security. "We will roll out some deliverables during the next week that will highlight business engagement but also some military enhancements as well," he said on Saturday. The official said that as part of moves to boost commercial ties, U.S. Commerce Secretary Gina Raimondo would a lead a presidential business delegation to the Philippines.

☆ Philippines rebukes Beijing for 'dangerous manoeuvres' in South China Sea
▼ + stars: | 2023-04-28 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +3 min

The incident occurred on Sunday during a Philippine coast guard patrol close to the Philippine-held Second Thomas Shoal, a flashpoint for previous altercations located 105 nautical miles (195 km) off its coast. One of the two Chinese vessels "carried out dangerous manoeuvres" about 150 feet (45.72 m) from a Philippine ship, it said. In February, the Philippines said a Chinese ship had directed a "military-grade laser" at one of its resupply vessels. China's foreign ministry spokesperson Mao Ning on Friday said the Philippine vessels had intruded into Chinese waters and "made deliberate provocative moves". "We urge the Philippines to respect China's territorial sovereignty and maritime rights," Mao said, adding the Chinese vessels acted professionally and with restraint.

☆ As US and Philippine defense ties grow closer, China drives wedge over Taiwan issue
▼ + stars: | 2023-04-27 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +10 min

But the election of his successor, Ferdinand Marcos Jr, last year has returned relations to a more even keel, in part because Manila has become wary of a more assertive China. Last year the US granted $100 million to boost the Southeast Asian country’s defense capabilities and military modernization. Heydarian added that China has to rethink its strategy towards the Philippines, as the Marcos Jr administration is openly more aligned with the US. China remains one of the top trade partners of the Philippines, while Marcos Jr also continues to negotiate energy and agriculture investments from Beijing. Some worry Marcos Jr might be giving too much access to the US, especially when it comes to bases and facilities close to Taiwan, Heydarian said.

☆ Biden to make historic visit to Papua New Guinea next month - PNG officials
▼ + stars: | 2023-04-27 | by ( Kirsty Needham | ) www.reuters.com time to read: +2 min

SYDNEY, April 27 (Reuters) - U.S. President Joe Biden will briefly visit Papua New Guinea (PNG) on May 22, officials from the Pacific island nation said on Thursday, as Washington seeks to counter growing Chinese influence in the strategically important region. A Pacific islands source told Reuters that Biden was also expected to meet with more than a dozen Pacific islands leaders during his May visit. Modi arrives in PNG on May 21 for a two-day visit en-route to Australia, the island nation's government has previously announced. The U.S. embassy in Canberra referred questions to the White House. The White House National Security Council did not immediately respond to a Reuters request for comment.

☆ Differences in South China Sea are not sum total of Philippines-China relations - Philippine official
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

MANILA, April 22 (Reuters) - The Philippines' foreign minister on Saturday said his nation's differences with China in the South China Sea are not the sum total of relations between the two countries. The Philippines has previously raised diplomatic protests at the presence of Chinese fishing vessels and what it calls China's "aggressive actions" in the strategic waterway. Qin said on Saturday China is ready to work with the Philippines to implement a consensus between the two countries and properly resolve differences. China claims sovereignty over almost the entire South China Sea, which sees the passage of about $3 trillion worth of ship-borne annually and is believed to be rich in minerals and oil-and-gas deposits. A landmark arbitration ruling by the Permanent Court of Arbitration in 2016 invalidated China's claims.

☆ China's foreign minister: Both sides of the Taiwan Strait belong to China
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, April 21 (Reuters) - China's Foreign Minister Qin Gang said on Friday that both sides of the Taiwan Strait belong to China, and that it is right and proper for China to uphold its sovereignty. Qin made the remarks at the Lanting Forum in Shanghai, where he discussed a wide range of topics from debt, the global economy, and Taiwan. "Recently there has been absurd rhetoric accusing China of upending the status quo, disrupting peace and stability across the Taiwan Strait," Qin said. "It is not the Chinese mainland, but the Taiwan independence separatist forces and a handful of countries attempting to disrupt the status quo," Qin said. Beijing views democratically governed Taiwan as its own territory, a claim the government in Taipei strongly rejects, and routinely denounces high-level meetings between Taiwanese and foreign leaders and officials.

☆ Germany's foreign minister: Parts of China trip 'more than shocking'
▼ + stars: | 2023-04-19 | by ( Alexander Ratz | ) www.reuters.com time to read: +2 min

[1/2] German Foreign Minister Annalena Baerbock speaks during a joint press conference with Chinese Foreign Minister Qin Gang (not pictured) at the Diaoyutai State Guesthouse in Beijing, China, April 14, 2023. Suo Takekuma/Pool via REUTERS/File PhotoBERLIN, April 19 (Reuters) - German Foreign Minister Annalena Baerbock on Wednesday described parts of her recent trip to China as "more than shocking" and said Beijing was increasingly becoming a systemic rival more than a trade partner and competitor. Beijing in turn asked Germany to support Taiwan's "reunification" and said China and Germany were not adversaries but partners. Speaking to the German Bundestag (lower house of parliament) on Wednesday about her China trip, Baerbock said "some of it was really more than shocking". China is Germany's largest trading partner, said Baerbock, but this did not mean Beijing was also Germany's most important trading partner.

Search resuls for: "Qin"

25 mentions found