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☆ Palestinian rivals Hamas and Fatah sign reconciliation agreement in China
▼ + stars: | 2024-07-23 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

China's Foreign Minister Wang Yi on July 23 hailed an agreement by 14 Palestinian factions to set up an "interim national reconciliation government" to govern Gaza after the war. Rival Palestinian factions Hamas and Fatah agreed to end their long-standing enmity and work to form a national unity government following talks held in China, Chinese state media reported Tuesday. "On the morning of July 23, the closing ceremony of the reconciliation dialogue among Palestinian factions was held in Beijing. In the months since, Israel's retaliatory assaults on the Gaza Strip have killed nearly 39,000 Palestinians there, according to health authorities in the enclave. Fatah, formally called the Palestinian National Liberation Movement, is led by Mahmoud Abbas, the President of the Palestinian Authority (PA).

Persons: Mahmoud al, Fatah, Wang Yi, Mussa Abu Marzuk, CGTN, Mahmoud Abbas Organizations: Central Committee, China's, Hamas, CNBC, Palestinian, West Bank, U.S, Reuters, Palestinian National Liberation Movement, Palestinian Authority, West Bank — Locations: Palestinian, Diaoyutai, Beijing, Gaza, China, Beijing ., Weibo, Fatah, Israel, Hussam

☆ Hungary’s Orban holds talks with Xi during surprise Beijing visit, days after meeting Putin
▼ + stars: | 2024-07-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

The two leaders began their meeting at the Diaoyutai State Guesthouse Monday morning, Chinese state media reported. China is a “key power in creating the conditions for peace” in the war, Orban wrote in an X post Monday. “This is why I came to meet with President Xi in Beijing, just two months after his official visit to Budapest,” he added. Orban and Xi last met in May, when the Chinese leader was welcomed with fanfare for a state visit to Hungary. “Only unity and determination will pave the path to a comprehensive, just and lasting peace in Ukraine,” she added.

Persons: Viktor Orban, Xi Jinping, ” Orban, Xi, Orban, ”, Orban’s, Joe Biden, Vladimir Putin, –, Ursula von der Leyen, ” Putin, Putin, Jens Stoltenberg, Volodymyr Zelensky Organizations: Hong Kong CNN, West, NATO, Shanghai Cooperation Organization, of, European Union, Putin, ”, Ukrainian Locations: Hong Kong, Hungarian, Beijing, Moscow, Kyiv, Russia, Ukraine, Diaoyutai, Washington, Hungary, China, Russian, Kazakhstan, Europe, Budapest, ”

☆ China’s Xi Jinping calls for peace conference and ‘justice’ over war in Gaza as Arab leaders visit Beijing
▼ + stars: | 2024-05-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Chinese leader Xi Jinping decried “tremendous sufferings” in the Middle East and called for an international peace conference as leaders from Arab nations visit Beijing this week amid mounting global concern over Israel’s war in Gaza. Justice should not be absent forever,” Xi said Thursday at the opening of a meeting between top diplomats from China and Arab states, also attended by several leaders from the region. Delegations from 22 Arab states joined that event at Beijing’s Diaoyutai State Guesthouse, according to Chinese state media. China has recognized a Palestinian state since 1988. Thursday’s ministerial meeting is the first such gathering since China held its first joint summit with Arab leaders in late 2022 in Saudi Arabia.

Persons: Xi Jinping, ” Xi, Israel, Xi, ”, Abdel, Fattah, Mohamed bin Zayed Al Nahyan, Bahrain’s King Hamad bin Isa Al Khalifa, Kais Saied, China “, Yun Sun, Fatah, Joe Biden, Jamal Khashoggi, Egypt’s Sisi Organizations: Hong Kong CNN, United Arab Emirates, States Cooperation Forum, Diplomats, Stimson, UN Relief and Works Agency for Palestine Refugees, of Locations: China, Hong Kong, Beijing, Gaza, “, Palestinian, Rafah, United States, Israel, Washington, United, Palestine, Iran, Saudi Arabia, Istanbul

☆ Blinken says U.S. and China must avoid miscalculations as Beijing warns against 'red lines'
▼ + stars: | 2024-04-26 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) shakes hands with China's Director of the Office of the Central Foreign Affairs Commission Wang Yi at the Diaoyutai State Guesthouse in Beijing on June 19, 2023. (Photo by Leah MILLIS / POOL / AFP) (Photo by LEAH MILLIS/POOL/AFP via Getty Images)Secretary of State Antony Blinken on Friday emphasized the need for the U.S. and China to avoid "miscalculations" and "misunderstandings." Speaking in Beijing ahead of a closed-door meeting with Chinese Foreign Minister Wang Yi, Blinken said there is no substitute for "face-to-face diplomacy." Both sides need to make sure "that we're as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations," he told reporters. In his remarks, Wang told Blinken that U.S.-China relations are "beginning to stabilize" with increased dialogue and cooperation.

Persons: Antony Blinken, Central Foreign Affairs Commission Wang Yi, Leah MILLIS, LEAH MILLIS, Wang Yi, Blinken, Wang, Joe Biden, Xi Jinping, Xi —, — Biden Organizations: Central Foreign Affairs Commission, Getty Images, U.S, Foreign, Economic Cooperation Locations: Diaoyutai, Beijing, China, Washington, San Francisco, Asia, U.S

☆ Choose between stability and ‘downward spiral’ China’s foreign minister tells Blinken during Beijing trip
▼ + stars: | 2024-04-25 | by ( Jennifer Hansler | Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Beijing CNN —China and the US face a choice between stability and a “downward spiral,” Chinese Foreign Minister Wang Yi told counterpart Antony Blinken on Friday in Beijing, as the American diplomat kicked off a day of meetings with top Chinese officials. “Should China and the United States keep to the right direction of moving forward with stability or return to a downward spiral? Or engage in rivalry and confrontation – or even slide into conflict, which would be a lose-lose for all?” he said, speaking through an interpreter. Wang’s comments come as Chinese officials bristle at actions Washington has taken in the name of national security, which Beijing sees as meant to suppress its development. Officials from both nations suggested ahead of the trip that the visit would be focused on managing the relationship and communicating concerns.

Persons: Wang Yi, Antony Blinken, China –, ” Wang, Blinken, ”, Washington, Joe Biden, Wang, ” Blinken, Biden, Xi Jinping, White, China’s, “ Organizations: Beijing CNN —, Russia, Ukraine, Foreign Ministry, “, Communist Party, Taiwan Locations: Beijing, Beijing CNN — China, American, China, Russia, South, Taiwan, “, United States, Diaoyutai State, California, Moscow, Iran, East, Ukraine, Korean

☆ Blinken to warn China over its support for Russia’s military during this week's visit
▼ + stars: | 2024-04-22 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) and China's Foreign Minister Qin Gang shake hands ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. U.S. Secretary of State Antony Blinken will warn China about its support for Russia's military during his visit to the country this week, according to a senior State Department official. Blinken is expected to convey Washington's "deep concerns" over China's aid for Russia's defense industrial base, during his three-day visit starting Wednesday. "And I think we've demonstrated our willingness to do so regarding firms from a number of countries, not just China," he added. During his visit to Beijing and Shanghai, Blinken is expected to meet senior Chinese officials, including Foreign Minister Wang Yi, according to the State Department.

Persons: Antony Blinken, Qin Gang, Blinken, We're, Wang Yi, Xi Jinping Organizations: China's Foreign, State Department Locations: Diaoyutai, Beijing, China, Ukraine, Europe, U.S, Shanghai, Blinken

☆ Germany’s Leader Walks a Fine Line in China
▼ + stars: | 2024-04-16 | by ( Alexandra Stevenson | Melissa Eddy | ) www.nytimes.com time to read: +1 min

Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia. Mr. Scholz met with China’s top leader, Xi Jinping, at the Diaoyutai State Guesthouse in Beijing on Tuesday, the culmination of a three-day visit with a delegation of German officials and business leaders. Throughout his trip, Mr. Scholz promoted the interests of German companies that are finding it increasingly hard to compete in China. And he conveyed growing concern in the European Union that the region’s market is becoming a dumping ground for Chinese goods produced at a loss. It was Mr. Scholz’s first visit to China since his government adopted a strategy last year that defined the Asian power as a “partner, competitor and systemic rival,” calling on Germany to reduce its dependency on Chinese goods.

Persons: Olaf Scholz, Germany, Scholz, Xi Jinping, Li Qiang, Scholz’s Organizations: European Union Locations: China, Europe, Russia, Diaoyutai, Beijing, Ukraine, United States, European, Germany

☆ China faces 'fork in the road,' IMF Managing Director Georgieva says
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday. Georgieva said an analysis by the IMF showed a more consumer-centered policy mix could add $3.5 trillion to China's economy over the next 15 years. "A key feature of high quality growth will need to be higher reliance on domestic consumption," Georgieva, a Bulgarian economist, said. But the IMF remarks were significant in coming at the outset of a two-day meeting where Beijing is looking to push the message China is open for business.

Persons: Kristalina Georgieva, Georgieva, Xi Jinping Organizations: International Monetary Fund, Monetary Fund's, China Development, IMF Locations: China, Diaoyutai, Beijing, Bulgarian

☆ China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms
▼ + stars: | 2024-03-25 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China has two choices right now: return to its old economic policies, or choose reforms to spur growth, according to the International Monetary Fund's Managing Director Kristalina Georgieva. "China is poised to face a fork in the road — rely on the policies that have worked in the past, or update its policies for a new era of high-quality growth," Georgieva said Sunday at the China Development Forum in Beijing. "With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario," she said, according to prepared remarks by the IMF. The measures coincide with other moves Beijing has made in recent weeks to boost confidence among foreign investors and businesses as it pursues a growth target of about 5% this year.

Persons: Kristalina Georgieva, Georgieva, Li Qiang Organizations: International Monetary Fund, International Monetary Fund's, China Development Forum, IMF, World Bank Locations: China, Diaoyutai, Beijing, Bulgarian

☆ U.S.-China fentanyl talks get off to a 'productive' start, security advisor says
▼ + stars: | 2024-01-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese Minister of Public Security Wang Xiaohong (C) announces the launch of the U.S.-China Counternarcotics Working Group next to U.S. Deputy Assistant to the President and Deputy Homeland Security Advisor Jen Daskal (center L) at the Diaoyutai State Guesthouse in Beijing on January 30, 2024. Ng Han Guan | Afp | Getty ImagesBEIJING — The U.S. and China had a "productive" first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News' Janis Mackey Frayer in an exclusive interview Tuesday. "We're looking for results and we had a productive step forward," Daskal said, while acknowledging the risk that China could use its sway over the fentanyl supply chain as a bargaining chip. Daskal, leader of the White House delegation for this week's high-level talks, said the diversity of representatives from both sides "showed a real commitment." "We will know if it works if we start seeing the supply of precursor drugs diminish, if we start seeing the supply of pill presses and other equipment diminish," Daskal said.

Persons: of Public Security Wang Xiaohong, Jen Daskal, Ng, Guan, Jennifer Daskal, Janis Mackey Frayer, Daskal, Joe Biden, Xi Jinping, Wang Xiaohong, Wang, Biden, Hua Zhendong, Mackey, Hua, Yu Haibin, Yu, NBC's Mackey Frayer Organizations: of Public Security, U.S ., Homeland, Getty, NBC News, National Narcotics Control Commission, Public Security, Public Security's Institute of Forensic Science, China -, Counternarcotics, White House, International Narcotics Control Locations: U.S, China, Diaoyutai, Beijing, Afp, BEIJING, The U.S, Mexico, Washington, San Francisco

☆ Henry Kissinger was so revered in China that Xi Jinping personally called him an 'old friend' while snubbing Biden officials
▼ + stars: | 2023-11-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Henry Kissinger was so well-loved in China that Xi Jinping called him an "old friend" in July. China re-affirmed Xi's exact words in response to Kissinger's death on Wednesday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But it was Kissinger who was warmly received by China's Xi Jinping and his right-hand men in diplomacy, while top-level US officials came and went without a face-to-face meeting with the paramount leader. "The Chinese people never forget their old friends, and Sino-US relations will always be linked with the name of Henry Kissinger," Xi said.

Persons: Henry Kissinger, Xi Jinping, —, Biden, Kissinger, China's Xi Jinping, Xi, Antony Blinken, Janet Yellen, Gina Raimondo, John Kerry, Washington bristled, China's, Li Shangfu, Li, Lloyd Austin, John Kirby, Richard Nixon, Mao Zedong, Zhou Enlai Organizations: Service, State Department, of, National Security Locations: China, Beijing, Washington, United, Communist China

“China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. It was the same building where half a century earlier Mr. Kissinger had met Zhou Enlai, who was then China’s premier: Villa No. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches. “It is understandable that he cared about the interests of the United States,” Professor Lu said.

Persons: ”, Henry A . Kissinger, Mr, Kissinger, Nixon’s, Xie Feng, Biden, Xi Jinping, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: China, United States, Washington, Communist, Beijing, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

☆ Henry Kissinger Dies at 100: Latest News and Updates
▼ + stars: | 2023-11-29 | by ( Michael D. Shear | ) www.nytimes.com time to read: +5 min

For many in China, Henry A. Kissinger represented a now-bygone chapter in relations between China and the United States, when the countries seemed to be moving inexorably closer. In July, China laid out a red-carpet welcome for Mr. Kissinger, including an audience with Xi Jinping, the top leader. “China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches.

Persons: Xi Jinping, Henry A . Kissinger, ”, Mr, Kissinger, Nixon’s, Xie Feng, Biden, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: of, People, Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: Beijing, State, China, United States, Washington, Communist, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Nov 15 (Reuters) - European firms "urgently" need China to give clearer definitions of key terms in its cross-border data transfer rules, a European business lobby group said on Wednesday, warning that firms also stood to waste millions of euros storing non-sensitive data in China. The world's second-largest economy has in recent years tightened its data laws amid President Xi Jinping's increased focus on national security, and foreign firms fear their lack of clarity could trip them up. The chamber's report echoes recent comments from a European Commission official, who said in September that European businesses were especially concerned about a lack of clarity in China's data laws. The most common type of data European firms transfer abroad is employee's personal information followed by suppliers' and customers' personal information, the survey showed, 96% of which is sent to companies' headquarters and other regional offices. A third of companies indicated it would cost them "several million euros" to store their data in China if they failed the cross-border transfer security assessment now required by CAC.

Persons: Jason Lee, Xi Jinping's, Brenda Goh, Kim Coghill Organizations: REUTERS, Rights, Chamber of Commerce, European Commission, Government, CAC, Thomson Locations: China, EU, Beijing, Rights BEIJING

☆ China warns against maritime 'camp' confrontations but stops short of naming US
▼ + stars: | 2023-11-08 | by ( Ryan Woo | ) www.reuters.com time to read: +3 min

Chinese Foreign Minister Wang Yi speaks during the opening ceremony of the diplomatic symposium at the Diaoyutai State Guesthouse on October 24, 2023 in Beijing, China. The Philippines, Japan and the United States have complained about what they say is growing Chinese aggression in the South China Sea. Last month, China and the Philippines traded barbs over a collision in the South China Sea as Chinese vessels blocked the passage of Philippine ships. Beijing has been especially critical of the U.S. Indo-Pacific strategy, which identifies China as an aggressor in the region, including the South China Sea, undermining international maritime law including freedom of navigation. China will continue to fulfil its obligations under international maritime laws, including the United Nations Convention on the Law of the Sea (UNCLOS), Wang said, again without referring to Washington.

Persons: Wang Yi, Ken Ishii, Wang, Xi Jinping, Joe Biden, Ryan Woo, Gerry Doyle Organizations: Rights, Economic Cooperation, United Nations Convention, UNCLOS, Thomson Locations: Diaoyutai, Beijing, China, Rights BEIJING, United States, Philippines, Japan, South China, Philippine, Manila, Hainan, U.S, Asia, Washington

☆ China's He Lifeng named to key post in Central Financial Commission
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Nov 6 (Reuters) - A Chinese vice premier, He Lifeng, has been appointed head of the office of the Central Financial Commission (CFC), which is responsible for running day-to-day affairs of a new regulator tasked with overseeing a vast financial sector. He was also appointed as party chief of a separate Central Financial Work Commission (CFWC), which has been set up to strengthen the ideological and political role of the party in China's overall financial system. The appointments, announced by the central bank's Financial News publication, underscore how the ruling Communist Party has taken direct control of supervising the financial sector. He has also been appointed director of a key ruling Communist Party economic body, the Central Finance and Economic Affairs Commission, replacing Liu He. In 2014, He was named vice chairman of the National Development and Reform Commission, the state planning agency, before taking full control in 2017.

Persons: Lifeng, Florence, Xi Jinping, Liu He, Xi, Ziyi Tang, Kevin Yao, Ryan Woo, Edwina Gibbs, Robert Birsel Organizations: REUTERS, Rights, Central Financial Commission, Financial Work, Financial, Communist Party, Central Finance, Economic Affairs Commission, Xiamen University, National Development, Reform Commission, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, Quanzhou, Fujian province, Xiamen, Tianjin

☆ Yellen to host China's He Lifeng for 'intensive diplomacy' ahead of APEC
▼ + stars: | 2023-11-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

US Treasury Secretary Janet Yellen (L) shakes hands with Chinese Vice Premier He Lifeng during a meeting at the Diaoyutai State Guesthouse in Beijing on July 8, 2023. WASHINGTON — Treasury Secretary Janet Yellen will host her Chinese counterpart, Vice Premier He Lifeng, for two days of "intensive diplomacy" in San Francisco on Nov. 9-10, the Treasury Department announced Monday. The groups will "provide ongoing channels for our teams to drill into the substance of economic and financial policy issues," Yellen wrote in the Post. "In certain sectors, these unfair practices have resulted in the overconcentration of the production of critical goods inside China," Yellen wrote, but added that a "private-sector pullback" from China would trigger disorder. "Diverse supply chains are necessary in a volatile world; decoupling our economies would be economically disastrous and run counter to our national interests," Yellen wrote.

Persons: Janet Yellen, Joe Biden, Xi Jinping, Yellen, China's Organizations: WASHINGTON —, Treasury Department, Asia Pacific Economic Cooperation, The Washington Post, U.S, Commerce Department Locations: Diaoyutai, Beijing, San Francisco, China, California, U.S

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. He, 68, replaced internationally respected Liu He as one of China's four vice premiers during its annual parliament session in March. The full scope of his portfolio had been largely unclear until Sunday when state media referred to him as the director of a powerful Communist Party economic body. "He Lifeng mainly implements policies from the top leader," said a policy adviser who spoke on condition of anonymity, referring to Xi. "Now under the leadership of the Party ... there will be closer cooperation among the top economic planner, central bank and the finance ministry."

Persons: Lifeng, Florence, Xi Jinping's, Liu, Xi, Liu He, Li Keqiang, Peng Liyuan, Kevin Yao, Laurie Chen, Joe Cash, Ellen Zhang, Marius Zaharia Organizations: REUTERS, Rights, Communist Party, Central Financial Commission, Harvard, Investors, State Council, Party, Xiamen University, National Development, Reform Commission, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, China's, Washington, Europe, Quanzhou, Fujian, Xiamen, Tianjin, Lincoln

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 30 (Reuters) - China's economy tsar He Lifeng has been appointed director of a key ruling Communist Party economic body, matching his high-profile predecessor Liu He with a particularly powerful portfolio covering economic policy, the financial sector and trade ties with Washington. He, who had previously headed the state planning agency, became one of China's four vice premiers in March when he replaced Liu He, who retired. He has now also replaced Liu as director of the office of the Central Finance and Economic Affairs Commission, a party body headed by President Xi Jinping. He could emerge as head of the resurrected Central Financial Work Commission, when state leaders, regulators and top bankers gather for a quinquennial, closed-door national financial work conference.

Persons: Lifeng, Florence, Liu, Liu He, Xi Jinping, Xi, Li Qiang, Janet Yellen, Valdis Dombrovskis, Joe Cash, Simon Cameron, Moore Organizations: REUTERS, Rights, Communist Party, Washington, Central Finance, Economic Affairs Commission, U.S, Treasury, EU Trade, Harvard, Financial Work Commission, Bloomberg News, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, Shanghai, China's, U.S

☆ China-US Economic Working Group holds first meeting
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: 1 min

United States and Chinese flags are set up before a meeting between U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, July 8, 2023. Mark Schiefelbein/Pool via REUTERS/File Photo/File Photo Acquire Licensing RightsBEIJING, Oct 24 (Reuters) - The China-U.S. Economic Working Group held its first meeting via video link on Tuesday, the Chinese finance ministry said. The two sides had "in-depth, candid and constructive" discussion on the macroeconomic situation and policies, and bilateral economic relations and cooperation, the ministry said. China also expressed its concerns, and both sides will maintain communication, it said. Reporting by Liz Lee and Ethan Wang; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Mark Schiefelbein, Liz Lee, Ethan Wang, Christopher Cushing Organizations: Treasury, Rights, Economic, Group, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights BEIJING, U.S

Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also restricted a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklisted Chinese chip designers Moore Threads and Biren. China's CSI Semiconductor Index (.CSI931865) dropped 1.4% on Wednesday following the announcement, while the STAR Chip Index (.STARCHIP) lost 1.2%. AI stocks were further hit after the U.S. announced further controls on Nvidia chip exports to China, UBS wrote in a note to clients. Moore Threads said it was communicating with all parties involved and evaluating the impact.

Persons: Janet Yellen, Mark Schiefelbein, Biden, Moore, Yang Wang, Charlie Chai, Xi Jinping, Biren, Shen Yiming, Bernadette Baum, Kirsten Donovan Organizations: Treasury, Rights, Washington, Nvidia, CSI Semiconductor, U.S, UBS, Biren, Thomson Locations: United States, Diaoyutai, Beijing, China, Rights SHANGHAI, BEIJING, U.S, Iran, Russia

Putin, who is to visit China this week, said the United States had stoked tensions with Beijing by building the "AUKUS" security alliance of U.S., Australia and Britain and that Russia and China were not building a military alliance. "Moreover, to fight with both Russia and China, it is nonsense - I don't think it is serious. Putin cautioned that if the United States fought against Russia then it would be very different to the war in Ukraine that the Kremlin calls a special military operation. "And if they want to fight with Russia then it will be a completely different war - it will not be carrying out a special military operation," Putin said. Of those, Russia has about 1,674 deployed strategic nuclear warheads while the United States has 1,670.

Persons: Janet Yellen, Mark Schiefelbein, Putin, Vladimir Putin, Pavel Zarubin, Joe Biden, Biden, William Mallard, Hugh Lawson Organizations: U.S . Congress, Kremlin, U.S, Federation of American Scientists, Thomson Locations: United States, Diaoyutai, Beijing, China, Russia, Washington, China MOSCOW, Ukraine, Moscow, U.S, Australia, Britain

EU High Representative for Foreign Affairs and Security Policy Josep Borrell attends EU-China High-Level Strategic Dialogue at the Diaoyutai State Guest House in Beijing, China, on October 13, 2023. "Cooperation is very much important," Borrell told a press conference ending a three-day visit that had twice been postponed. During talks in Beijing last month, China's economy tsar, He Lifeng, asked EU Trade Commissioner Valdis Dombrovskis to "exercise restraint in the use of trade remedy measures". The EU plans to open an anti-subsidy investigation into Chinese steelmakers this month, the Financial Times has reported. The EU and China plan a summit by the end of the year, with Borrell's visit and those of a number of other top EU officials in recent months having paved the way.

Persons: Josep Borrell, Pedro Pardo, Borrell, Enrique Mora, Wang Yi, Lifeng, Valdis Dombrovskis, Laurie Chen, Joe Cash, William Mallard Organizations: EU, Representative, Foreign Affairs, House, REUTERS Acquire, EV, Financial Times, Thomson Locations: EU, China, Beijing, BEIJING, Brussels, Europe, United States, Ukraine, Israel, Gaza, Russia

☆ US restricts trade with 42 Chinese entities over Russia military support
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over support for Moscow's military and defense industrial base, including supplying the Russian sector U.S.-origin integrated circuits. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom were also added to the trade export control list. Entity List when Washington deems them a threat to U.S. national security or foreign policy. Suppliers must then be granted generally hard-to-get licenses before shipping goods to entities on the list. The Chinese embassy in Washington did not immediately respond to a request for comment.

Persons: Janet Yellen, Mark Schiefelbein, Export Enforcement Matthew Axelrod, David Shepardson, Karen Freifeld, Mike Stone, Susan Heavey, Andrea Ricci Organizations: Rights, U.S . Commerce Department, United Arab Emirates, Commerce Department, U.S, Export Enforcement, Washington, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S, Finland, Germany, India, Turkey, United Arab, United Kingdom, Russia, Ukraine, Russian, Washington

☆ US restricts trade with 42 Chinese entities over support for Russia's military
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defense industrial base - support that includes the supply of U.S.-origin integrated circuits. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom were also added to the trade export control list. The circuits include microelectronics that Russia uses for precision guidance systems in missiles and drones launched against civilian targets in Ukraine, the Commerce Department said in a statement. "The United States should immediately correct its wrong practices and stop its unreasonable suppression of Chinese companies," China's Ministry of Commerce said in a statement. Suppliers must then be granted generally hard-to-get licenses before shipping goods to entities on the list.

Persons: Janet Yellen, Mark Schiefelbein, Export Enforcement Matthew Axelrod, David Shepardson, Karen Freifeld, Mike Stone, Susan Heavey, Andrea Ricci, Edwina Gibbs Organizations: Rights, U.S . Commerce Department, United Arab Emirates, Commerce Department, U.S, Export Enforcement, Ministry of Commerce, Washington, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S, Finland, Germany, India, Turkey, United Arab, United Kingdom, Russia, Ukraine, Russian

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