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But the $290 billion outlay comes without a parallel plan to prepare Yonaguni for a possible humanitarian crisis that residents like Sakihara say could quickly overwhelm their shores. Tokyo, they said, has no plan to deal with them, and locals' pleas for help have gone unanswered. A spokesperson for Japan's Cabinet Secretariat said that "if large numbers of refugees came to Japan, relevant government departments would work together to respond". Even if he had a refugee plan, Kishida would still face an obstacle: his contentious relationship with the Okinawa government that administers Yonaguni. NOT ENOUGH TO SHAREBack in Yonaguni, resident Satoshi Nagahama, 33, was surprised to learn the government had no humanitarian plan for refugees.
Persons: Sonkichi Sakihara, chancing, Kenichi Itokazu, Itokazu, Hirokazu Matsuno, Xi Jinping, Joe Biden, Lai Ching, Matsuno, Fumio Kishida, Kevin Maher, Maher, Yoshihide Yoshida, Japan's, shouldn't, Kishida, Denny Tamaki, it's, Hironobu, Satoshi Nagahama, Sakihara, Koji Sugama, Tim Kelly, Kaori Kaneko, Yukiko Toyoda, Ben Blanchard, Kentaro Sugiyama, David Crawshaw Organizations: Reuters Graphics Reuters, Reuters, U.S, Japan Coast Guard, Migration Policy Institute, Nations, NMV Consulting, State Department, Defense Forces, it's, University's Research, of Disaster Management, Thomson Locations: YONAGUNI, Japan, Vietnam, Taiwan, China, Beijing, Tokyo, Yonaguni, Taipei, Myanmar, Europe, East, Germany, Poland, Ukraine, Washington, East Asia, Okinawa
BRUSSELS (Reuters) - Top EU officials will raise an array of concerns from Russia's invasion of Ukraine to trade irritants in a summit with Chinese leaders on Thursday that is expected to be long on firm words, but short on outcomes. European Commission President Ursula von der Leyen, European Council President Charles Michel and EU foreign policy chief Josep Borrell meet Chinese President Xi Jinping in the morning and Premier Li Qiang in the afternoon on their one-day visit to Beijing. There will be no joint statement from Thursday's talks, EU officials said, and they do not expect concrete outcomes from the first in-person EU-China summit since 2019. The European Union will also have questions on Chinese intentions towards Taiwan, but its focus will be on Russia's invasion of Ukraine. EU officials say the two sides could cooperate more on action to combat climate change and to promote biodiversity.
Persons: Ursula von der Leyen, Charles Michel, Josep Borrell, Xi Jinping, Li Qiang, Thursday's, Joe Biden, Philip Blenkinsop, Andrew Gray, Laurie Chen, Grant McCool Organizations: European, U.S, The European, European Union Locations: BRUSSELS, Ukraine, EU, Beijing, China, California, Taiwan, Russia, North Korea, Brussels
BEIJING/SHANGHAI, Dec 4 (Reuters) - Sales of U.S. automaker Tesla's (TSLA.O) China-made electric vehicles (EVs) skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday. That marked the biggest fall since December 2022 when Tesla's sales of China-made EVs fell 21% on the year as the U.S. automaker reduced output and cut prices to deal with rising inventories and weakening demand. Xi expressed his support for Tesla's development in China, the automaker said in a Weibo post. Li Auto (2015.HK) last month said mass production and delivery of its first full EV are scheduled for February. Smartphone maker Xiaomi (1810.HK) has also moved closer to EV production, with a unit of automaker BAIC Group (1958.HK) applying for regulatory approval to build two Xiaomi-branded cars.
Persons: Tesla's, EVs, BYD, Tesla, Elon Musk's, Musk, Xi Jinping, Xi, Li Auto, Qiaoyi Li, Zhang Yan, Brenda Goh, Bernadette Baum, Kirsten Donovan Organizations: U.S, China Passenger Car Association, APEC, Reuters, Li, HK, BAIC Group, Thomson Locations: BEIJING, SHANGHAI, China, San Francisco, Weibo
Chinese President Xi Jinping and Belarusian President Alexander Lukashenko review the honour guard during a welcome ceremony at the Great Hall of the People in Beijing, China March 1, 2023. cnsphoto via REUTERS/File photo Acquire Licensing RightsBEIJING, Dec 4 (Reuters) - China is willing to continue strengthening its strategic cooperation with Belarus, President Xi Jinping was cited as saying after meeting with Belarusian President Alexander Lukashenko on Monday. Xi also said China is willing to enhance coordination and cooperation with Belarus in multilateral mechanisms such as the United Nations and the Shanghai Cooperation Organisation, the official news agency Xinhua said. Xi told Lukashenko that both countries should improve cross-border transport facilitation and promote economic and trade ties as well as people-to-people exchanges, according to Xinhua. The Chinese leader also said Beijing and the Eastern European country should implement projects such as the China-Belarus industrial park and promote industrial cooperation. Reporting by Ella Cao and Liz Lee; Editing by Kim Coghill and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: Xi Jinping, Alexander Lukashenko, Xi, Lukashenko, Ella Cao, Liz Lee, Kim Coghill, Jamie Freed Organizations: of, People, cnsphoto, REUTERS, Rights, United Nations, Shanghai Cooperation Organisation, Xinhua, Thomson Locations: Beijing, China, Rights BEIJING, Belarus, Xinhua
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will travel to Mexico City this week to promote cooperation with Mexican counterparts on combating illicit finance and the trafficking of fentanyl, along with strengthening Mexico's role in U.S. supply chains, Treasury officials said on Monday. Yellen's Dec. 5-7 trip will include meetings with Mexican President Andres Manuel Lopez Obrador, and the country's central bank governor and finance minister, among others, Treasury said in a statement. The trip follows Treasury's announcement on Monday of a counter-fentanyl "strike force" that will bring together the department's resources, including the Office of Terrorism and Financial Intelligence and the Internal Revenue Service's Criminal Investigation unit, to disrupt illicit drug trafficking. U.S. President Joe Biden and Chinese President Xi Jinping last month agreed to deepen cooperation to stem the flow of fentanyl precursor chemicals, which are often mixed by Mexican drug gangs before distribution in the U.S.(Reporting by David Lawder in Washington; Editing by Matthew Lewis)
Persons: Janet Yellen, Yellen's, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping, David Lawder, Matthew Lewis Organizations: WASHINGTON, . Treasury, Mexican, Terrorism, Financial Intelligence Locations: Mexico City, U.S, Washington
Imagine a better climate pact than COP
  + stars: | 2023-12-04 | by ( Hugo Dixon | )   time to read: +7 min
It’s possible to imagine an alternative, better way to fight climate change. The snag is that China or the United States – which were responsible for 25% and 11% of greenhouse gases, respectively, in 2021 – would have to take the lead. All countries agreed to limit global warming to 2 degrees Celsius above pre-industrial times and to aim for 1.5 degrees. That’s the thinking behind the Just Energy Transition Partnerships that the United States and its allies have cut with Indonesia, Vietnam and South Africa. For example, Donald Trump, who as president pulled the United States out of the Paris Agreement, may return to the White House after next year’s elections.
Persons: Vladimir Putin, Xi Jinping, Donald Trump, Peter Thal Larsen, Thomas Shum Organizations: Reuters, of, UN, United, Rio Earth Summit, European, Reuters Graphics Reuters, China, African, Initiative, World Bank, Thomson Locations: Nations, Dubai, China, United States, Paris, U.S, Washington, Beijing, European Union, Japan, Canada, South Korea, United Kingdom, Russia, Russian, Xi Jinping . Washington, India, Brazil, Indonesia, African Union, Vietnam, South Africa
WASHINGTON (AP) — Treasury Secretary Janet Yellen is heading to Mexico this week to promote her agency's new strike force to help combat illicit fentanyl trafficking as the U.S. and China step up efforts to stop the movement of the powerful opioid and drug-making materials into the United States. “Combating the flow of deadly fentanyl into communities across the United States is a top priority for President Biden as well as the Treasury Department,” Treasury Secretary Janet Yellen in a statement. Many of the GOP presidential candidates have said they would use military force against Mexico in response to the trafficking of fentanyl and other synthetic opioids. Nelson will co-chair the strike force with IRS Criminal Investigations Chief Jim Lee. Nelson said the strike force "will act quickly and decisively with the top specialists from across the department to nimbly respond to the newest threats.”
Persons: Janet Yellen, , Biden, Joe Biden, Xi Jinping, , Brian Nelson, Nelson, Jim Lee Organizations: WASHINGTON, , Strike, Treasury, IRS, Drug, Treasury Department, Disease Control, GOP, Banking, Armed Services Committees Locations: Mexico, China, United States, Mexico City, Yellen, California, America, U.S
This was also the ninth month of net outflows this year, the bank said, dragging emerging Asia to become the region with the largest net outflows across the world. U.S.-listed Chinese stocks and mainland A-shares led the selloff in November, Goldman Sachs said, adding it was "partially offset by net buying in H-shares." Within emerging Asia markets, Taiwan also recorded net outflows last month, while South Korea saw the largest net inflows, Goldman Sachs said. Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan, which saw net purchases in the month. ($1 = 7.1381 Chinese yuan renminbi)Reporting by Summer Zhen; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Tyrone Siu, Goldman Sachs, HSI, Joe Biden, Xi Jinping's, Outflows, Summer Zhen, Varun Organizations: REUTERS, CSI, Investors, Thomson Locations: Exchange, Hong Kong, China, HONG KONG, Asia, U.S, Taiwan, South Korea, Singapore, Japan
Supply chains, trade top agenda for Yellen Mexico trip
  + stars: | 2023-12-04 | by ( Chelsey Cox | )   time to read: +2 min
US Treasury Secretary Janet Yellen hosts Leaders from Americas Partnership for Economic Prosperity (APEP) countries at the Treasury Department in Washington, DC, on November 3, 2023. WASHINGTON — Treasury Secretary Janet Yellen will travel to Mexico City this week to strengthen economic ties with America's top trading partner, the Treasury Department said Monday. Yellen will meet with Mexican counterparts, including President Andres Manuel Lopez Obrador, from Dec. 5-7 on creating supply chains spanning the bordering nations to spur job growth and bolster economic security, according to a release. Imports and exports between the U.S. and Mexico reached nearly $600 billion so far in 2023, per the International Trade Administration, and exceeded $850 billion in 2022, according to Treasury. Direct investments between the nations include manufacturing, wholesale trade, real estate and finance and insurance, according to the U.S. Trade Representative.
Persons: Janet Yellen, Yellen, Andres Manuel Lopez Obrador, Joe Biden, Xi Jinping Organizations: Americas Partnership, Economic Prosperity, Treasury Department, WASHINGTON —, Mexican, U.S, International Trade Administration, Treasury, U.S . Trade, Jalisco Nueva Generacion, U.S . Locations: Washington ,, Mexico City, Mexico, United States, Jalisco, U.S
“The Treasury Department’s Counter-Fentanyl Strike Force will allow us to bring the Department’s unrivaled expertise in fighting financial crime to bear against this deadly epidemic. The strike force will be led by the department’s top sanctions official, Brian Nelson, and the chief of the Internal Revenue Service’s criminal investigations unit, James Lee. It will “redouble Treasury’s existing work streams, including using financial intelligence to understand risks and map transnational criminal organization (TCO) financial networks,” according to a news release. Several key units within the Treasury Department that specialize in financial crimes, sanctions, and tracking terrorist and illicit financing will be part of the new strike force. The new strike force will also help streamline the Treasury Department’s efforts to coordinate with local and federal law enforcement bodies on potential financial leads.
Persons: Janet Yellen, Brian Nelson, James Lee, ” Nelson, Xi Jinping, Joe Biden, Biden, Yellen, Nelson, Organizations: Washington CNN, Monday, Treasury Department, Treasury, Network, Foreign Assets Control, of Intelligence, US Treasury Department, Strike Force, Department, Drug Enforcement Agency, Department of Homeland Security, Department of Justice, US Centers for Disease Control, CNN, Mexican, Biden Locations: United States, China, Ukraine, Mexico
BEIJING (Reuters) - The China-EU summit will be held on Thursday in Beijing, China's foreign ministry said on Monday, where leaders of both sides will discuss strategic and global economic issues of common interest. "China and Europe are partners, not rivals ... our common interests far outweigh our differences," foreign ministry spokesperson Wang Wenbin said at a regular press briefing. Chinese President Xi Jinping will meet with President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen, state media reported. "We will explore ways to solve problems through dialogue and consultation," Wang said, adding that "we will cooperate to meet global challenges and inject new impetus into the world and increase stability in the international situation." (Reporting by Liz Lee and Beijing newsroom; Writing by Bernard Orr; Editing by Tom Hogue and Jamie Freed)
Persons: Wang Wenbin, Xi Jinping, Charles Michel, Ursula von der, Wang, Liz Lee, Bernard Orr, Tom Hogue, Jamie Freed Organizations: European Locations: BEIJING, China, EU, Beijing, Europe
The world also said goodbye to former U.S. Secretary of State Henry Kissinger, who died Nov. 29. Political Cartoons View All 1277 ImagesAnother political figure who died this year was former U.S. first lady Rosalynn Carter, who died Nov. 19. Among the entertainers who left the world this year was singer Tina Turner, who died May 24. Here is a roll call of some influential figures who died in 2023 (cause of death cited for younger people, if available):___JANUARY___Fred White, 67. A Hall of Fame forward who helped the Chicago Blackhawks win the 1961 Stanley Cup Final.
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Trump, Diamond, Constantine, Jan, Tatjana Patitz, George Michael’s, Lisa Marie Presley, Elvis Presley, Robbie Knievel, Evel Knievel, Ray Cordeiro, Elmo, Cookie, Gina Lollobrigida, Chris Ford, Crosby, Stills, Nash, Young, Cindy Williams, Shirley, “ Laverne, Billy Packer, Sylvia Syms, Alex ”, Barrett Strong, Norman Whitfield, “ Papa, Rollin ’ Stone, Tom Verlaine, Patti Smith, Bobby Hull, Paco Rabanne, Harry Whittington, Dick Cheney, Hsing Yun, , San Jose ”, Carlos Saura, Spain’s, Hugh Hudson, Oscar, “ Greystroke, Hans Modrow, David Jude Jolicoeur, Huey “, ” Smith, Little Richard, Lloyd Price, , Leiji Matsumoto, Yamato ”, Tim McCarver, Stella Stevens, Jerry Lewis’s, John Munch, Ahmed Qureia, Betty Boothroyd, Ricou Browning, Gill, Gérard Latortue, Fontaine, Barbara Everitt Bryant, Ryan ”, Kenzaburo Oe, Judy Heumann, Gary Rossington, Lynyrd Skynyrd, Georgina Beyer, Traute Lafrenz, Rose, Peterson Zah, Tevye, Robert Blake, Jiang Yanyong, Bud Grant, Dick Fosbury, Pat Schroeder, Gloria Bosman, 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Kidd, Eno Ichikawa, Michael McGrath, Fernando Botero, Giorgio Napolitano, Matteo Messina Denaro, Michael Gambon, Albus Dumbledore, Harry Potter ”, Mankombu Sambasivan, Saad Eddin Ibrahim, Hosni Mubarak, Tim Wakefield, Dick Butkus, Michael Chiarello, Michael Chiarello ”, Masters, Burt Young, Paulie, Sylvester Stallone, Hughes Van Ellis, Kevin Phillips, Louise Meriwether, Mark Goddard, Major Don West, Rudolph Isley, Isley, unblinking, Piper Laurie, Chrissy Snow, Bobby Charlton, Bishan Bedi, Richard Moll, Xi Jinping, Wu Zunyou, Chandler Bing, Ken Mattingly, Bob Knight, Frank Borman, Steve Norton, Don Walsh, Mariana Trench, Terry R, Taylor, Daisaku Ikeda, Herbie Hancock, Bobby Ussery, George “ Funky ” Brown, Joanna ”, Marty Krofft, Pufnstuf, Donny, Marie ”, Terry Venables, Tim Dorsey, Serge A, Frances Sternhagen, ” “, Charlie Munger, Warren Buffett, Berkshire Hathaway, Gerald Ford, Shane MacGowan, Bernard McGhee Organizations: Wagner Group, Russian, White House, U.S, Supreme, United 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Census Bureau, Alabama ”, Zealand, Navajo, Minnesota Vikings, People, Playboy, Capitol, Juana La Cubana, New York Knicks, Guinness, World Records, Hollywood, Treasury, Southern Baptist Convention, Los Angeles, Roundabout Theatre Company, Air Force, Harlem Globetrotters, Janeiro Games, baseball’s, Germany’s Bayreuth, NCAA, Hall of Famer, Redeemer Presbyterian Church, Legion, Ames, Phoenix, FBI, Simon &, Christian Broadcasting Network, Republican Party, Christian Coalition, Harvard, Feminist Majority Foundation, “ Little, Communist Party, Millwall, New York Philharmonic, San, Brigade, Wing, Eagles, HBO, of Indian Affairs, M, Police, Carpenters, Adobe Systems, Pro Football Hall of Fame, Dallas Cowboys, escapist, Democratic, Zulu, Eastern, AA, Broadway, Communist, U.S . Senate, Red Sox, Yankees, Boston, Chicago Bears, Major, Isley Brothers, New York Times, Manchester United, India, Indiana, Nevada — Resorts, Atlantic City —, Navy, Associated Press, Soka Gakkai, Kentucky Derby, Kool, The, European, Barcelona, Tottenham, City Locations: Russia, Ukraine, Bakhmut, Russian, U.S, Finnish, New Mexico, New Jersey, British, Greece, American, Hong Kong, Italian, America, New York, Spanish, catwalks, Texas, Taiwan, Pakistan, Afghanistan, San, New Orleans, Rosebud, Arab American, Haiti, , African, Brooklyn, London, Los, Mississippi, United States, Rivers, Georgia, Savannah, Louisville, New York City, Irish, HBO’s “ Rome, Brazilian, Ipanema, Moscow, Virginia, Montana, Vietnam, Canada, Asia, Chicago, Hawaii, France, South Africa, Wisconsin, Los Angeles, Czech, Eastern Kentucky, Colombian, , California, Tulsa, Finland, China, Nevada, Atlantic City, Florida, Berkshire
Belarusian President Alexander Lukashenko delivers a national statement at the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 1, 2023. REUTERS/Amr Alfiky/File Photo Acquire Licensing RightsDec 3 (Reuters) - Belarusian President Alexander Lukashenko was heading to Beijing on Sunday for talks with Chinese leader Xi Jinping, Belarusian state media reported, the second trip of the close ally of Russian President Vladimir Putin to China this year. "Negotiations between the head of the Belarusian state and president of the People's Republic of China Xi Jinping will take place in Beijing," BelTA said, citing Lukashenko's press service. Lukashenko, the president of Belarus since 1994 who has been shunned by the West, backed Russia's invasion in Ukraine in February 2022 by allowing Moscow to use its territory to launch the war. After their March 1 meeting, both Lukashenko and Xi called for the "soonest possible" peace deal for Ukraine.
Persons: Alexander Lukashenko, Amr Alfiky, Xi Jinping, Vladimir Putin, Lukashenko, People's Republic of China Xi, BelTA, Xi, Lidia Kelly, William Mallard, Guy Faulconbridge Organizations: United Nations, Change, United Arab Emirates, REUTERS, Sunday, Thomson Locations: Dubai, United Arab, Beijing, Belarusian, China, People's Republic of China, Belarus, Ukraine, Moscow, Russia, Melbourne
(Reuters) - Belarusian President Alexander Lukashenko was heading to Beijing on Sunday for talks with Chinese leader Xi Jinping, Belarusian state media reported, the second trip of the close ally of Russian President Vladimir Putin to China this year. Lukashenko, who according to Chinese state media was welcomed with a gun salute and military honours during his official Feb. 28 - March 2 visit, was this time heading for "a working visit," BelTA state news agency reported. "Negotiations between the head of the Belarusian state and president of the People's Republic of China Xi Jinping will take place in Beijing," BelTA said, citing Lukashenko's press service. Lukashenko, the president of Belarus since 1994 who has been shunned by the West, backed Russia's invasion in Ukraine in February 2022 by allowing Moscow to use its territory to launch the war. After their March 1 meeting, both Lukashenko and Xi called for the "soonest possible" peace deal for Ukraine.
Persons: Alexander Lukashenko, Xi Jinping, Vladimir Putin, Lukashenko, People's Republic of China Xi, BelTA, Xi, Lidia Kelly, William Mallard, Guy Faulconbridge Organizations: Reuters, Sunday Locations: Beijing, Belarusian, China, People's Republic of China, Belarus, Ukraine, Moscow, Russia, Melbourne
China claims almost all of the 1.3 million-square-mile South China Sea as its sovereign territory. In daylight hours in the South China Sea, from Ottawa’s flight deck or outdoor bridge wings, Chinese warships are often visible to the naked eye. Aviator Gregory Cole/Canadian Armed Forces PhotoOn October 29, things take a potentially dangerous turn, one that could have cost lives and ratcheted up tensions in the South China Sea to new levels. Radar operators scan their instruments in a Canadian antisubmarine warfare helicopter over the East China Sea. Hammerhead targets drones await their fate on the deck of the frigate HMCS Ottawa in the South China Sea.
Persons: Sam Patchell, Jacob Broderick ,, Ben Hughes, Gregory Cole, he’s, , King Neptune, Xi Jinping, Brad Lendon, Rafael Peralta, Collin Koh, ” Patchell, Patchell, Aviator Gregory Cole, , haven’t, Xi, Rob Millen, they’d, Long, Peralta, It’s, Qinetiq, Noble, That’s, Cmdr, Sean Milley, Christine Hurov, Wally Shirra, it’s, Wally Schirra, Loverboy’s, Australia’s, doesn’t, We’ll Organizations: HMCS, HMCS Ottawa CNN, Royal Canadian Navy, Canada, United, Naval Warfare Officers, Canadian Armed Forces, US Navy, Ottawa, CNN, Canada’s Defense Ministry, Chinese Communist Party, Coast Guard, Rajaratnam, of International Studies, People’s Liberation Army Navy, PLA Navy, United Nations, Ottawa's, Cyclone, Canadian, Royal Canadian Air Force, Chinese Defense Ministry, Pentagon, troika, Peralta, Brisbane, CNN Radio, New, New Zealand Navy’s, Cmdr, HMNZS Aotearoa, Australian, Southern Hemisphere, One Locations: HMCS Ottawa, Taiwan, Ottawa, China, United States, Canadian, South China, Gaza, Ukraine, East, Washington, Singapore, Beijing, Spratly, Vietnam, Philippines, Malaysia, Brunei, Chinese, South, East China, CNN Beijing, Canada, Gulf of Mexico, West Coast, Australian, Brisbane, Australia, Japan, New Zealand, Okinawa, replenishments, Aotearoa, American, Ottawa’s
Gao Zhibin and his daughter left Beijing on Feb. 24 for a better life, a safer one. By the time they touched American soil in late March, Mr. Gao had lost 30 pounds. The most harrowing part of their journey was trekking through the brutal jungle in Panama known as the Darién Gap. Mr. Gao said he thought she might have drunk dirty water. Dragging themselves through the muddy, treacherous rainforests of the Darién Gap, they took a break every 10 minutes.
Persons: Gao Zhibin, Gao, , Xi, Organizations: Mr Locations: Beijing, Panama, China, U.S
Trump repeated his longstanding contention that the four criminal indictments against him show Biden is misusing the federal justice system against his rival. “He’s been weaponizing government against his political opponents like a Third World political tyrant,” Trump said to a crowd in Cedar Rapids, Iowa. Political Cartoons View All 1277 ImagesTrump has long promised to prosecute Biden in retaliation should he return to the White House. That's led Trump to blame them on the president, whom he contended had “defaced the Constitution” in trying to block him. Trump supporters would attack the U.S. Capitol on Jan. 6, 2021, to try to stop the certification of Trump's loss to Biden.
Persons: Donald Trump, Joe Biden, Trump, , Biden, “ He’s, ” Trump, “ Biden, “ Joe Biden, ” Ammar Moussa, “ Donald Trump’s, — Trump, , That's, Xi Jinping, Kim Jong Un, we've, ___ Riccardi Organizations: Trump, Republican, Biden, Korean, U.S, Capitol Locations: CEDAR RAPIDS , Iowa, Cedar Rapids , Iowa, “ Donald Trump’s America, Ankeny , Iowa, Detroit, Philadelphia, Atlanta, Denver
An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. But the extent of the political and economic jitters merely mirrors other signs of a long-term China exit well beyond portfolio flows. Earlier this month, China recorded its first-ever quarterly deficit in "bricks and mortar" foreign direct investment (FDI). What's more, a multi-year aversion to China investments then risks colliding with deteriorating long-term economic growth dynamics - heightened by rising youth unemployment and dire demographics. Despite some recent upgrades of China growth forecasts, yet another business survey this week raised red flags.
Persons: Aly, Gina Raimondo, Nicholas Lardy, Xi, Lardy, What's, Morgan Stanley, Morgan Stanley's, Mike Dolan, Paul Simao Organizations: REUTERS, Official Monetary, Financial, Reuters, . Commerce, Peterson Institute for International Economics, Thomson Locations: Shanghai, Shenzhen, China, OMFIF, Europe, North America, India, Brazil, Beijing, U.S, Washington, San Francisco
Geely’s stalled IPO discounts global expansion
  + stars: | 2023-12-01 | by ( )   time to read: +2 min
HONG KONG, Dec 1 (Reuters Breakingviews) - Electric-car marque Zeekr, controlled by China’s largest private auto group Zhejiang Geely, has hit a roadblock. It is putting on hold its New York initial public offering because of a mismatch in valuation expectations, Reuters reported on Thursday. It was hoped the listing would break the ice and encourage a resurgence in Chinese volumes in U.S. capital markets. Its prospectus was published in November, when global stocks recorded their best performance since 2020. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Xi Jinping, Joe Biden, Katrina Hamlin, Julius Baer’s, Una Galani, Thomas Shum Organizations: Reuters, Zhejiang, American, Tata Technologies, X, Barclays, Thomson Locations: HONG KONG, York, Mumbai, Europe, United States, China
Journalists watch a giant screen broadcasting footage of Chinese President Xi Jinping speaking at the opening ceremony of the Third Belt and Road Forum (BRF), at the media centre in Beijing, China October 18, 2023. Government data showed Malaysia welcomed 498,540 Chinese tourists in the six months to June this year, a figure almost a third of pre-pandemic levels. Malaysia's economic growth is expected to meet the government's target of 4% this year, driven in part by stronger tourism. Malaysia's Prime Minister Anwar Ibrahim has also invited China's President Xi Jinping to visit the country, Norman said. "We are hoping that President Xi will consent to visiting Malaysia," he added.
Persons: Xi Jinping, Tingshu Wang, China's, Xi Jingping, Norman Muhamad, Anwar Ibrahim, Norman, Xi, Wang Yi, Zambry Abdul Kadir, Liz Lee, Bernard Orr, Ethan Wang, Jacqueline Wong Organizations: REUTERS, Rights, Malaysian, Malaysia's, Thomson Locations: Beijing, China, Rights BEIJING, Malaysia, Thailand, Government, New York
THITU ISLAND, South China Sea (AP) — The Philippine coast guard inaugurated a new monitoring base Friday on a remote island occupied by Filipino forces in the disputed South China Sea as Manila ramps up efforts to counter China’s increasingly aggressive actions in the strategic waterway. It’s pure bullying,” Ano told reporters after the ceremony, describing the actions of Chinese ships as flouting international law. Surrounded by white beaches, the tadpole-shaped Thitu Island is called Pag-asa — Tagalog for hope — by about 250 Filipino villagers. It’s one of nine islands, islets and atolls that have been occupied by Philippine forces since the 1970s in the South China Sea’s Spratlys archipelago. Speaking in Honolulu, where he met U.S. military leaders about two weeks ago, Marcos said the situation in the South China Sea “has become more dire” with China showing interest in atolls and shoals that are “closer and closer” to the Philippine coast.
Persons: Thomas Shoal, it’s, Eduardo Ano, ” Ano, Ano, , Daisy Cojamco, asa —, Ferdinand Marcos Jr, Rodrigo Duterte, Xi Jinping, Vladimir Putin, Duterte, Marcos, ” Marcos Organizations: National, Philippine, Associated Press, Washington, South China Locations: THITU, South China, Philippine, China, Manila, United States, Philippines, Asia, Thitu, Pag, Palawan, Vietnam, Australia, Beijing, U.S, Japan, Honolulu, South, asia
China's Xi tells coast guard to enforce maritime law
  + stars: | 2023-12-01 | by ( )   time to read: +1 min
China's President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBEIJING, Dec 1 (Reuters) - China's President Xi Jinping has said the country's coast guard must enforce maritime law and crack down on "criminal activities" to defend China's territorial sovereignty, state media reported on Friday. Xi made the comments as he inspected the China Coast Guard's command office for the East China Sea area and the performance of the coast guard's ships by video, Xinhua news agency reported. "It is necessary to establish and improve the coordination and cooperation mechanism of maritime law enforcement, severely crack down on illegal and criminal activities at sea," Xi said. The Chinese coast guard has had several confrontations with vessels from the Philippines in disputed territorial waters in the South China Sea.
Persons: Xi Jinping, Carlos Barria, Xi, Ella Cao, Bernard Orr, Christina Fincher, Barbara Lewis Organizations: Economic Cooperation, REUTERS, Rights, East, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, East China, Xinhua, Philippines, South China
BEIJING, Dec 1 (Reuters) - Mixed factory activity data for China in November suggests more stimulus will be needed to shore up economic growth, analysts said on Friday, as two surveys came to contrasting conclusions on the sector's health. That was the fastest expansion in three months, but stands in contrast to the official PMI which fell to 49.4 on Thursday. "At face value, the average of the two is consistent with factory activity remaining largely unchanged last month," said Sheana Yue, China economist at Capital Economics. The official and Caixin surveys have different samples, with the Caixin PMI focusing on export-oriented enterprises and small- and medium-sized enterprises in the country's coastal region. Payroll cuts in the sector persisted for the third month in the Caixin survey and a ninth month in the official PMI.
Persons: Sheana Yue, Dan Wang, Xi Jinping, Liangping Gao, Joe Cash, Jacqueline Wong, Lincoln Organizations: P Global, PMI, Capital Economics, HSBC, Hang Seng Bank, Thomson Locations: BEIJING, China, Hang Seng Bank China, Shanghai
Vietnam has already rail connections to China, but the system is old with limited capacity on the Vietnam side. The upgraded railway would pass through the region where Vietnam has its largest deposits of rare earths, of which China is by far the world's biggest refiner. Chinese and Vietnamese rare earths industry experts discussed last week stronger cooperation on processing the minerals, according to Vietnamese state media. It is unclear how much China would contribute to the upgraded railway track in Vietnam and whether Hanoi would accept sizeable financing from Beijing on this. A strengthened railway link could also boost Vietnam's export to China, mostly of agriculture products, boost Chinese tourism to northern Vietnam and further integrate the two countries' manufacturing industries, which experts already consider as symbiotic, with factories in Vietnam largely assembling components produced in China.
Persons: Xi Jinping, Vietnam's, Wang Yi, Tran, Pham Minh Chinh, Wang Wentao, Francesco Guarascio, Khanh Vu, Phuong Nguyen, Stephen Coates Organizations: Vietnam's, China's Commerce, Initiative, Reuters, Thomson Locations: Hanoi, China, Haiphong China, Vietnam, HANOI, United States, Tran Luu Quang, Kunming, Haiphong, Beijing, China . China, Hong Kong, Washington, South
Hong Kong CNN —Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to statements by their respective firms. The development comes just days after Chinese authorities launched a criminal investigation into the troubled shadow bank, one of China’s largest. Both companies are controlled by Zhongzhi’s investment units, and the missing executives have been connected with the conglomerate for years. The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing. Zhongzhi’s trust banking unit has invested about a tenth of its money in real estate.
Persons: Zhongzhi, Ma Hongying, Ma Changshui, Florence Lo, Xie Zhikun, , , Xie, Xi Jinping Organizations: Hong Kong CNN, Gym Education Technology, Shenzhen Stock Exchange, International Trust, Zhongzhi Enterprise Group, Beijing, Business Locations: Hong Kong, Dalian, Xinjiang, Beijing, China’s, China
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