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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Although the company doesn't sell its high-tech lithography machines to China, it does sell a whole lot of other products to Chinese companies. ReutersIt's unclear then if Biden's planned measures would cause more damage to China or ASML. Of course, this is the main piece of ASML tech that Washington wouldn't want China to have access to. Curbing China's access to Western tech is key if the US is serious about holding onto its technology leadership.
Persons: , Biden, ASML, Biden's, Xi Jinping, Mark Rutte, Wang Gang, Donald Trump, Trump, JD Vance, It'll Organizations: Service, Bloomberg, Business, Reuters, Washington, Huawei, Nvidia Locations: US, China, Tokyo, Eindhoven, The Netherlands, Dutch, Beijing, Taiwan, America, TSMC, Arizona
"We're confronted by a deadly quartet of nations increasingly working together," he said, in comments reported by Sky News. The coalition described Moscow as having "shattered" peace and stability in the West and having "gravely undermined global security." Russia and North Korea deny arms transfers have taken place. Ian Bremmer, founder and president of Eurasia Group, said the latest NATO summit showed that the West and its opponents appeared to be positioning themselves in a "new Cold War posture." Russia, North Korea and Iran are already under substantial international sanctions, and those restrictions on trade and key sectors have arguably pushed them closer together.
Persons: George Robertson, We're, , Robertson, Russia's, Xi Jinping, Vladimir Putin, Pedro Pardo, Lin Jian, Ian Bremmer, Ed Arnold Organizations: State, Government, NATO, Government Summit, Washington DC, Anadolu, Getty, Sky News, Forum, International Cooperation, of, People, Afp, Ukraine, European Union, Eurasia Group, Alliance, European Security, International Security, Royal United Services Institute Locations: Washington, United States, Russia, China, North Korea, Iran, Beijing, Ukraine, Moscow, PRC, People's Republic of China, Europe
(Photo by Thomas Peter-Pool/Getty Images)China's Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on Thursday during a meeting of its largest top decision-making body, state news agency Xinhua reported. Chinese President Xi Jinping has spearheaded a wide-ranging anti-corruption campaign since becoming leader of the Communist Party in 2012. Li Shangfu was ousted as defence minister last October without explanation, before being placed under a graft investigation. Agriculture minister Tang Renjian, 61, who has been under investigation for corruption since May, remains a member of the Central Committee. Three alternate Central Committee members were appointed as full members according to the communique: Anhui provincial Communist Party personnel boss Ding Xiangqun, Sichuan provincial Communist Party personnel boss Yu Lijun and Beijing Normal University President Yu Jihong.
Persons: Foreign Affairs Josep Borrell, Qin Gang, Thomas Peter, Li Shangfu, Qin Gang's, Li Yuchao, Qin, Xi Jinping, Wei Fenghe, Tang Renjian, Ding Xiangqun, Yu Lijun, Yu Jihong, Ding Xingnong, Sun Jinming Organizations: Foreign Affairs, Foreign, Communist Party, Xinhua, Central, Central Committee, PLA Rocket Force, Liberation Army, State Council, Rocket Force, PLA, Committee, Anhui provincial Communist Party, Beijing Normal University, PLA Rocket, Former Central Committee Locations: Beijing, China, Anhui, Sichuan
AI companies in China are undergoing a government review of their large language models, aimed at ensuring they "embody core socialist values," according to a report by the Financial Times. The review is being carried out by the Cyberspace Administration of China (CAC), the government's chief internet regulator, and will cover players across the spectrum, from tech giants like ByteDance and Alibaba to small startups. AI models will be tested by local CAC officials for their responses to a variety of questions, many related to politically sensitive topics and Chinese President Xi Jinping, FT said. An anonymous source from a Hangzhou-based AI company who spoke with the FT said that their model didn't pass the first round of testing for unclear reasons. They only passed the second time after months of "guessing and adjusting," they said in the report.
Persons: Xi Jinping Organizations: Financial Times, Cyberspace Administration of China, CAC, U.S Locations: China, Hangzhou, Beijing
China, the world’s biggest source of planet-warming greenhouse gases for most of the past two decades, is seemingly on the verge of bending its emissions curve from years of steep growth into a flat plateau. Since China’s emissions surpassed those of the United States in 2006, China’s global share has grown to almost a third — a huge number, even with population differences taken into account. A recent spate of data from China’s government, as well as reports by energy analysts, have provided positive signs that while China’s emissions may not decrease significantly, they also may not grow. China’s president, Xi Jinping, had pledged to reach that turning point by 2030. “The important thing to understand is that when China’s emissions stop growing, it likely follows that the world’s stop growing, too,” said Dave Jones, global insight director at Ember, an energy think tank.
Persons: Xi Jinping, , Dave Jones, Ember Locations: China, United States
Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. "So this is not going to be a sustainable driver of growth for China." China's exports to the U.S. rose by a modest 1.5% in the first half of the year. Citi forecasts 5.0% growth in real GDP growth for China this year. UBS forecasts 4.9% growth for China's economy this year.
Persons: Xi Jinping, Donald Trump, Artyom Ivanov, Goldman Sachs, Trump, JD Vance, Hui Shan, CNBC's, Janet Yellen, Vance, Biden, Mike Pence wouldn't, MAGA, Lin Jian, Goldman's Shan, Shan, Tao Wang Organizations: TASS, Getty, BEIJING, U.S, European, Citi, Fox News, Trump, Capitol, China's Ministry of Foreign Affairs, CNBC, UBS Investment Bank, UBS Locations: Beijing, China, U.S, European Union, Asia, Ukraine
Read previewChina has pressed pause on arms control and nuclear proliferation talks with the US, blaming the suspension on US arms sales to Taiwan. This story is available exclusively to Business Insider subscribers. "China has chosen to follow Russia's lead in asserting that engagement on arms control can't proceed when there are other challenges in the bilateral relationship. US President Joe Biden and Chinese leader Xi Jinping began talks on nuclear proliferation and arms control in November, ahead of the first formal dialogue between the US and China in five years. Representatives for Biden and Jinping did not immediately respond to requests for comment from Business Insider.
Persons: , Matthew Miller, Joe Biden, Xi Jinping, Ali Wyne, Donald Trump, JD Vance, Biden, Jinping Organizations: Service, Communists, Business, US State Department, Crisis, Pentagon, Biden, Brookings Institution, Trump Locations: China, Taiwan, Beijing
China's focus likely to be 'security over growth,' says analyst
  + stars: | 2024-07-18 | 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's focus likely to be 'security over growth,' says analystBrian McCarthy of Macrolens discusses the uncertainty that Chinese President Xi Jinping faces in "trying to set a strategic course for China when we don't really know what the strategic approach in the U.S. is going to look like."
Persons: Brian McCarthy, Macrolens, Xi Jinping Locations: China, U.S
Xi Jinping, China’s top leader, called officials together this week to hammer out ideas to pull the country’s economy out of its doldrums. But if the official summary of the meeting is a guide, Mr. Xi believes he already has many of the answers. His message to the 363 other officials who gathered in Beijing seemed to be: stick with his state-led, tech-focused strategy, only do it better. That is, make it cleaner, more fair and keep a careful eye on national security. China faces “a new wave of technological revolution and industrial transformation,” said the summary, released by official media on Thursday.
Persons: Xi Jinping, Xi, Xi’s, Organizations: Central Committee Locations: Beijing, China
The recent tech sell-off is a "golden buying opportunity," according to Wedbush. The midweek rout in tech stocks was partly triggered by Trump's hawkish comments about Taiwan. But solid earnings results in the second-quarter should spark a rebound in the tech trade, Ives said. AdvertisementThe sell-off in technology stocks represents a "golden buying opportunity" for investors, according to Wedbush analyst Dan Ives. Principal Asset Management's Todd Jablonski said this tech sell-off is simply a small blip in the grand scheme of things.
Persons: Trump's, Ives, , Dan Ives, Donald Trump's hawkish, Trump, Joe Biden's, it's, Todd Jablonski, Jablonski Organizations: Service, Bloomberg Businessweek, Nasdaq, Trump, Semiconductor Locations: Taiwan, China, Beijing, U.S, 1H2024
Vance was swift to name China the “biggest threat to our country,” in an interview with Fox News Monday as the RNC got underway. He’s made countering what Washington says is a security threat from China a cornerstone of his foreign policy, even as he’s worked to stabilize communications with Beijing. And Beijing – which is grappling with its own economic woes – may be preparing for more friction if Trump takes office. The substance of Biden’s China policy – in terms of sanctions, tariffs and competition – has not been that different from Trump’s, she noted, and Biden has been keener on strengthening alliances and coalitions to counter China together. “But the style of Biden’s China policy is more predictable and stabilizing.
Persons: Donald Trump, JD Vance, Vance, Joe Biden, , , ” Vance, Trump, China –, That’s, ’ Vance, Sergey Lavrov, Vance doesn’t, Marco Rubio, Xi Jinping, He’s, he’s, ” Brian Wong, Qilai Shen, Biden, They’ve, Cho Jung, ” Cho, Yun Sun, , keener Organizations: Hong Kong CNN, Republican, Republican National Convention, Chinese Communist Party, Foreign, Trump, NATO, Ukraine, Fox News, RNC, University of Hong Kong’s, Contemporary, of, People, Bloomberg, Getty, Communist Party, Bloomberg Businessweek, US, China’s Foreign Ministry, Stimson Center, World Trade Locations: Hong Kong, Ohio, Washington, China, Asia, Beijing, Europe, Ukraine, Russia, Russian, America, Florida, Contemporary China, Taiwan, Taipei, Taiwan Strait, Japan, South Korea, US
Former U.S. President Donald Trump speaks during a campaign rally at the Butler Farm Show in Butler, Pennsylvania, on July 13, 2024. Former U.S. President Donald Trump, who is vying for another White House mandate, said he thinks that Taiwan should pay the U.S. for defense, claiming that the country "doesn't give us anything." Beijing considers democratically governed Taiwan as a part of its territory, and Chinese President Xi Jinping has previously said reunification with the mainland was "a historical inevitability." Trump said, "Taiwan should pay us for defense." Taiwan doesn't give us anything," he added.
Persons: Donald Trump, Xi Jinping, Trump Organizations: U.S, Former U.S, Bloomberg Businessweek, Republican Locations: Butler , Pennsylvania, Taiwan, China, Beijing
CNN —The Forbidden City was once one of the most powerful places on the planet. It was called the ‘Forbidden City’ because few Chinese subjects were allowed to enter. Ancient tableware from the Forbidden City is on display at the Hong Kong Palace Museum. “The majority of (the emperors) grew up in a highly disciplined environment,” says Wang of the Hong Kong Palace Museum. Now popular worldwide, Peking duck was regularly served at Empress Dowager Cixi's Forbidden City banquets.
Persons: Zhao Rongguang, Bin Xiao Zhao, Deng Xiaoping, Beijing . Zhao, wasn’t, Zhao, Kangxi Emperor, VCG Wilson, Kangxi, , Qianlong Emperor, Giuseppe Castiglione, , Qianlong, Daisy Yiyou Wang, Maggie Wong, Nicole Chiang, ” Chiang, Chiang, Emperor Qianlong, it’s, , ” Zhao, It's, didn’t, Wang, Dowager Cixi, Empress Dowager Cixi –, Cixi, China’s, Han Quan Xi, ’ ”, Dowager, Tian, Yan ”, suckling, Tian An Yan, Leah Abucayan Organizations: CNN, Historical, of China, Beijing's, Hong Kong Palace Museum, Hong, Forbidden, Hong Kong, Museum, Everett, Communists, China Import, Fair, Communist Locations: Europe, Beijing, China, Chinese, Heilongjiang, Paris, Beijing ., Prosperity, Netherlands, Italian, City, Hong Kong, It’s, Beijing’s, Forbidden City, Jiangnan, Hangzhou, Shanghai, Mongolia, Qianlong, Guangzhou, Japan, East Asia, Peking, Imperial
CNN —Hungary’s Prime Minister Viktor Orban has told European leaders leaders that Donald Trump is “ready to act as a peace broker” between Russia and Ukraine if elected president, according to a letter seen by Reuters, amid concerns across the continent that Trump would attempt to force Kyiv into ceding territory to Moscow. Orban’s letter, addressed to European Council President Charles Michel and sent to all European Union leaders, was written in the wake of his controversial meetings with former President Trump, Russian President Vladimir Putin and Chinese President Xi Jinping. “I can […] surely state that shortly after his election victory, he will not wait until his inauguration, [Trump] will be ready to act as a peace broker immediately. But his visits with Putin, Xi and Trump have gone down poorly with EU lawmakers, who have accused Orban of vitally “misrepresenting” and “undermining” the EU’s stance on foreign policy. A letter signed by 63 European lawmakers, addressed to the three EU chiefs, said Orban had “caused significant damage” through his meetings.
Persons: CNN —, Viktor Orban, Donald Trump, Trump, Charles Michel, Vladimir Putin, Xi Jinping, , ” Orban, Orban, pare, ” Trump, Joe Biden, Russia –, Orban –, , Putin, Volodymyr Zelensky, Trump’s, Xi, Ursula von der Leyen, Roberta Metsola Organizations: CNN, CNN — Hungary’s, Reuters, European, European Union, Ukraine “, EU, Ukrainian, , European Council Locations: Russia, Ukraine, Moscow, Russian, Hungarian, Beijing, Florida, Kyiv, Hungary
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Chinese economy's future is dependent on the private sector, strategist saysAndy Rothman, an investment strategist at Matthews Asia, says what Chinese President Xi Jinping "needs to do is restore confidence there, and that really means something along the lines of what Deng Xiaoping did in 1984 and 1992."
Persons: Andy Rothman, Matthews, Xi Jinping, Deng Xiaoping Organizations: Matthews Asia
Discussion of the assassination attempt, in which a gunman opened fire at a Trump campaign rally in Pennsylvania on Saturday evening, dominated Chinese social media in the hours after the attack. Trump, who said he was shot in the ear, was declared safe following the incident. As shots rang out during his speech at the rally, the former president ducked to the ground and was covered by Secret Service agents. I bet (US President Joe) Biden would take ages to crouch down,” read one social media comment that got thousands of likes and appeared to allude to concerns about Biden’s age. There were also repeated links made between the attack and recurring instances of gun violence in the United States, which are often highlighted by Chinese state media as an example of the country’s failings.
Persons: Donald Trump, Trump, Trump’s, , Joe, Biden, crouch, , Shinzo Abe, Xi Jinping “, ” Biden, , what’s, “ Chuan, “ Trump Organizations: Hong Kong CNN, Trump, Weibo, Republican, Secret Service, China’s Ministry of Foreign Affairs, Trump . State, Beijing, Sunday, Global Times, Washington Locations: China, Hong Kong, Pennsylvania, United States, Weibo, Trump, , Beijing, Russia
World leaders have joined together to condemn the assassination attempt on former U.S. President Donald Trump over the weekend. Trump was hit in the ear at a campaign rally in Butler, Pennsylvania, on Saturday. Canadian Prime Minister Justin Trudeau said he was "sickened by the shooting" and sent his thoughts to Trump and his fellow Americans. European leaders from G-20 countries such as Germany, France, Italy, extended their concern and best wishes to Trump. Australian Prime Minister Anthony Albanese reiterated the same, and said the campaign event in Pennsylvania was "concerning and confronting."
Persons: Donald Trump, Trump, Thomas Matthew Crooks, Justin Trudeau, Keir Starmer, Emmanuel Macron, Xi Jinping, Fumio Kishida, Narendra Modi, , Anthony Albanese, Dmitry Peskov, Joe Biden Organizations: Butler, Inc, FBI, Secret Service, Canadian, Japan's, India's, Reuters, Democrats Locations: Butler , Pennsylvania, Germany, France, Italy, Asia, Pennsylvania, Russia, U.S
Xi Jinping, China’s leader, and 370 or so other Communist Party officials are meeting in Beijing this week, away from the public eye, to review a plan intended to shake the world’s second-biggest economy out of its malaise. Mr. Xi will sit in the front of a conference hall, most likely in the Jingxi Hotel, a 60-year-old institution with Soviet-style architecture. The party loyalists arrayed before him are near certain to acclaim his plans during the four-day meeting that started Monday and will consider a draft proposal on “further comprehensively deepening reform.”Chinese media have sought to create a buzz around Mr. Xi’s plans, but the real test may come later, as any changes in policy filter through the layers of government. Success or failure will largely turn on whether Mr. Xi is able to win renewed confidence from the Chinese population, as well as foreign investors who have grown disenchanted with his policies. China’s businesses and consumers have suffered in recent years through stumbling growth, a property sector meltdown and a blight of debt among local governments.On Monday morning, China released data that showed a sharp slowdown in economic growth.
Persons: Xi Jinping, Xi, , Xi’s Organizations: Communist Party Locations: Beijing, China
Read previewA gunman's assassination attempt on former President Donald Trump has flung the US back into the spotlight in China. The FBI says the 20-year-old rally shooter, Thomas Matthew Crooks, used a legally purchased 5.56mm AR-style rifle to attack Trump. another user wrote. One Chinese professor told the outlet that the attack on Trump showed the"ongoing rampant gun violence issue in the US." One user reposted a photoshop edit of Trump raising his fist against the backdrop of the Chinese flag.
Persons: , Donald Trump, Thomas Matthew Crooks, Trump, Dylan Loh, Loh, Biden, China's, Xi Jinping, it's, Xi, Mike Johnson Organizations: Service, Republican, Business, FBI, National University of Singapore, Global Times, Trump, Renmin University of China, Capitol Locations: China, Trump's, Weibo, Gotham City, Beijing, United States
In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin and China's President Xi Jinping attend an official welcoming ceremony in front of the Great Hall of the People in Tiananmen Square in Beijing on May 16, 2024. Chinese and Russian naval fleets recently conducted their fourth joint sea patrol in the Western and Northern Pacific Ocean, Chinese state broadcaster CCTV reported on Sunday. The patrol is part of an annual arrangement between the two and does not target any third party, CCTV said, adding the move had nothing to do with the current international and regional situation.
Persons: Vladimir Putin, Xi Jinping Organizations: Sputnik, of, Russian, and Locations: Russian, Tiananmen, Beijing, and Northern
Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.
Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, , Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong
The Chinese Base That Isn’t There
  + stars: | 2024-07-14 | by ( Agnes Chang | Hannah Beech | ) www.nytimes.com   time to read: +10 min
Security gate Chinese-funded buildup CAMBODIA Chinese warship CAMBODIA CAMBODIA Dry dock and other repair facilities Before After China insists it is not building a naval base in Cambodia. CHINA Ream, CambodiaThe Chinese Base That Isn’t There New facilities and the months-long presence of Chinese warships show Beijing’s growing global influence. In 2020, something curious happened at Cambodia’s Ream military base, on the Gulf of Thailand. The Chinese military presence near one of the world’s most vital sea lanes raises fundamental questions about Beijing’s ambitions. “The Ream military base is Cambodia’s, not the military base of any country,” Mey Dina, the commander of the base, told The New York Times.
Persons: CHINA, , , Jan, John, “ We’re, Lloyd J, Austin III, ” Mey Dina, Mey Dina, Xi Jinping, dredgers, Ream, Gregory B, Poling, ‘ Ream, Xi, Hun Sen, Mr, Hun Sen’s, Hun Manet Organizations: U.S . Defense Department, Thunderbird School of Global Management, Arizona State University, Agence France, Navy, Planet Labs, Ream, Pentagon, New York Times, China’s, China’s Djibouti Naval, Basketball, Djibouti ETHIOPIA Perimeter, NAM Ream, Center for Strategic, International Studies, Cambodian, Congressional Research Service, White, AMERICA Ports, SOUTH AMERICA SRI LANKA, China, China ASIA EUROPE CHINA AFRICA Djibouti Ream SRI LANKA, United States Military Academy Locations: CAMBODIA CAMBODIA, China, Cambodia, CHINA Ream, Thailand, Ream, South China, American, Cambodian, U.S, People’s Republic, China’s, Djibouti, Horn of Africa, China’s Djibouti, YEMEN Djibouti, Djibouti ETHIOPIA, THAILAND, Cambodia Malacca, Africa, Asia, Southeast Asia, Djibouti Ream Africa, ASIA EUROPE, China CHINA AFRICA Djibouti, AUSTRALIA, China ASIA EUROPE CHINA AFRICA Djibouti, United States, Spratlys
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 3, 2024. The S&P 500 is up nearly 18% in 2024, while the Nasdaq Composite is up 22% in that same time frame. Americans have often been accused, especially by those living abroad, of having a rather narrow view of the world. But President Xi Jinping's "party over prosperity" political model continues to dampen enthusiasm among both foreign investors and domestic consumers. There may be a day that that becomes true and other economies and markets may prove more alluring, but that day has yet to come.
Persons: it's, Xi Jinping's, It's, Dorothy Gale of, Ron Insana Organizations: New York Stock Exchange, Nasdaq, U.S, National Institution for Finance, Development, Monetary Fund, Overseas, Treasurys, U.S ., CNBC Locations: New York City, U.S, Japan, Argentina, Turkey, China, Shanghai, Italy, Spain, America, Dorothy Gale of Kansas
Mr. Biden stumbled early but remained defiant in the face of questions about his fitness to continue his campaign. Mr. Biden vowed to stay in the presidential race. “I just got to, just, pace myself a little more,” Mr. Biden said. While he vowed to stay in the race, Mr. Biden also on multiple occasions defended the credentials of his vice president. “Unless they came back and said there’s no way you can win,” Mr. Biden said.
Persons: Biden, Donald J, Mr, “ I’m, Trump, , you’ve, ” Mr, Kamala Harris, , Donald Trump, , Xi, Xi Jinping, they’re, Israel “, “ you’ve, Biden rambled, I’ve, ‘ Biden’s, Harris Organizations: Trump, Democratic, NATO, Mr, North Locations: Washington, Ukraine, China, Russia, Europe, North Korea, Moscow, Gaza
Bloomberg | Bloomberg | Getty ImagesBEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing. "For real estate markets, I don't think it should be a focus of the plenum, because it's already [in a] state that everyone has a consensus [on]," Wang said. watch nowIn his view, excessive growth of the financial sector was behind the hollowing out of the U.S. industrial sector. "Consequently we must constrain the financial industry, including real estate. That's the underlying reason for tightened regulations on both real estate and finance."
Persons: Larry Hu, Hu, Xi Jinping, Deng Xiaoping's, Dan Wang, She'll, it's, Wang, hasn't, Yao Yang, Yao, Goldman Sachs Organizations: Chinese Communist Party, Bloomberg, Getty, BEIJING, Communist Party of, Macquarie, CNBC, Central Committee, Communist Party, Party, President, Hang Seng Bank, HSBC, HSBC It's, Committee, China Center for Economic Research, Peking University, U.S, China Morning Post, Financial Regulatory Administration, World Bank, Big Data Locations: Communist Party of China, Beijing, China, United States, Big Data China
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