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U.S. Treasury Secretary Janet Yellen attends a press conference after a meeting with Chinese Vice Premier He Lifeng, ahead of a U.S.-hosted APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 10, 2023. REUTERS/Carlos Barria Acquire Licensing RightsSAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said the ransomware attack on the Industrial and Commercial Bank of China that disrupted China's largest bank had not interfered with the market for U.S. government debt. "We have not seen an impact on the Treasury market," Yellen said, adding that she and China Vice Premier He Lifeng spoke about the issue during talks in San Francisco this week. The ICBC's access to an electronic settlement platform for U.S. Treasury securities remained suspended on Friday, a day after confirmation of the ransomware attack. "The Treasury Department and the United States has given "as much assistance as we possibly can to the firm in dealing with this issue," she said.

Persons: Janet Yellen, Lifeng, Carlos Barria, Yellen, David Lawder, Ann Saphir, Diane Craft Organizations: Treasury, APEC, Economic Cooperation, REUTERS, FRANCISCO, . Treasury, Industrial, Commercial Bank of, U.S, China, Treasury Department, Thomson Locations: U.S, Asia, San Francisco , California, Commercial Bank of China, San Francisco, United States

☆ South Korea's Yoon, Japan's Kishida to attend tech roundtable on Nov. 17
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +2 min

[1/2] South Korean President Yoon Suk Yeol speaks during a joint press conference with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida (not pictured) at the trilateral summit at Camp David near Thurmont, Maryland, U.S., August 18, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsSEOUL, Nov 10 (Reuters) - South Korean President Yoon Suk Yeol plans to attend a roundtable on technological cooperation with Japanese Prime Minister Fumio Kishida at Stanford University on Nov. 17, Yoon's office said on Friday. They are expected to discuss technology cooperation between the two countries as well as three-way cooperation with the United States, it said. The three countries have since conducted joint military drills and agreed on an early warning data sharing on North Korea's missile launches. Reporting by Jack Kim Editing by Ed Davies and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Yoon Suk Yeol, Joe Biden, Fumio Kishida, Camp David, Evelyn Hockstein, Yoon Suk, Japan's, Kishida, Yoon, Jack Kim, Ed Davies, Gerry Doyle Organizations: South, U.S, Japanese, REUTERS, Rights, Stanford University, Economic Cooperation, Japan's Kyodo, Korea's, Thomson Locations: South Korean, Camp, Thurmont , Maryland, U.S, Rights SEOUL, United States, Asia, San Francisco, Japan, North Korea, Kishida, Tokyo

[1/4] Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 10 (Reuters) - Taiwan will stress the importance of peace in the region at next week's APEC summit, President Tsai Ing-wen said on Friday, one of the few international bodies both Taiwan and China are members of and where their officials meet. The 21-member Asia-Pacific Economic Cooperation (APEC) forum will meet in San Francisco for the 30th APEC summit, the first hosted by the United States since 2011. Neither the president nor Chang, representing Tsai for the sixth time at an APEC summit, took questions. Chang, 92, had a brief chat with Xi at last year's APEC summit in Bangkok, a rare high-level interaction.

Persons: Tsai Ing, Morris Chang, Ann Wang, Tsai, Chang, Xi, Sarah Wu, Ben Blanchard, Stephen Coates Organizations: Taiwan's APEC, REUTERS, Rights, APEC, Economic Cooperation, TSMC, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Asia, San Francisco, United States, Beijing, pleasantries, Chang, Bangkok

☆ Biden to meet Xi on Wednesday in San Francisco Bay area, U.S. says
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: +5 min

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022. President Joe Biden will meet Chinese President Xi Jinping face-to-face for the first time in a year on Wednesday, the White House said, in high-stakes diplomacy aimed at curbing tensions between the world's two superpowers. The Chinese foreign ministry said on Friday that Xi would visit the United States Nov. 14-17, attend the APEC summit and meet with Biden. Biden and Xi will speak across oceans of ideological difference for the first time since November 2022. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Xi, Biden, Mao Zedong Organizations: Economic Cooperation, Biden, White House, APEC, NATO, Diplomats, U.S Locations: Bali , Indonesia, Asia, San Francisco Bay, Beijing, Washington, Israel, Ukraine, North, Russia, Taiwan, China, United, U.S, Northern California, Europe, United States, Taiwan Strait, South China, East China, Philippines, Iran

☆ Biden to meet Xi on Wednesday in San Francisco Bay area, US says
▼ + stars: | 2023-11-10 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +5 min

U.S. President Joe Biden shakes hands with Chinese President Xi Jinping as they meet on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. The closely watched interaction, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the San Francisco Bay area, could last hours and involve teams of officials from Beijing and Washington. The Chinese foreign ministry said on Friday that Xi would visit the United States Nov. 14-17, attend the APEC summit and meet with Biden. Biden and Xi will speak across oceans of ideological difference for the first time since November 2022. Biden is expected to tell Xi that U.S. commitments in the Indo-Pacific are unchanged.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Biden, Mao Zedong, Trevor Hunnicutt, Heather Timmons, Stephen Coates, Chizu Organizations: REUTERS, Rights, Economic Cooperation, Biden, White House, APEC, NATO, Diplomats, U.S, Thomson Locations: Bali , Indonesia, Asia, San Francisco Bay, Beijing, Washington, Israel, Ukraine, North, Russia, Taiwan, China, United, U.S, Northern California, Europe, United States, Taiwan Strait, South China, East China, Philippines, Iran

☆ Emails reveal how Amazon and Google tap friends in government to influence policies. Critics say there's too much 'coziness' with Big Tech.
▼ + stars: | 2023-11-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +7 min

When you work as a Big Tech lobbyist, there's a good chance you're already friends with someone in government. In 2022, 82.4% of Amazon lobbyists and 81.3% of Alphabet lobbyists previously held government jobs, according to data from OpenSecrets. "Big Tech uses its special revolving door access to furtively push for rigged trade policies," Warren wrote. The emails are limited to correspondence with Amazon and Google lobbyists and do not include communications with representatives of other tech companies. Big Tech critics say this access to policymakers is not granted to the public or civil-society groups, and that's why Warren and others have called for more transparency.

Persons: there's, Sen, Elizabeth Warren, Katherine Tai —, Warren, Tai, Andrea Boron, Mary Thornton, Karan Bhatia, Google's, Byun, Jillian DeLuna, Thornton, Bhatia, Kate Kalutkiewicz, USTR, Maria Langholz, Trump, Biden, Amazon's Thornton, Ethan Holmes, Joe Biden, Jonathan Ernst, That's, José Castañeda Organizations: Big Tech, United States Trade Representative, Google, Amazon, Amazon Web Services, YouTube, Amazon Prime, Spotify, Canada's, Demand, Prosperity, Reuters Locations: Big, Asia, China, Bali, Tokyo

She added that she plans to return to China next year after making her first trip there as treasury secretary in July. Biden and Xi will meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, the first engagement in a year between the leaders of the world's two biggest economies. A Treasury Department readout of the meetings said both sides agreed to increase communications on economic issues and emphasized a commitment not to break economic ties. “Our mutual desire, both China and the United States, is to create a level playing field and ongoing, meaningful and mutually beneficial economic relations,” Yellen said. “That is our main focus.”Yellen has met with a host of Chinese officials throughout this year.

Persons: Janet Yellen, ”, Joe Biden, Xi Jinping, Yellen, Lifeng, “, Biden, Xi, ” Yellen, Liu, ___ Hussein Organizations: FRANCISCO, —, Treasury, Economic Cooperation Locations: China, Asia, San Francisco, United States, Zurich, Washington

☆ Biden-Xi summit could be last chance to stabilize U.S.-China relationship: Op-ed
▼ + stars: | 2023-11-10 | by ( Dewardric L. Mcneal | ) www.cnbc.com time to read: +11 min

Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.

Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco

☆ Yellen and China's He to 'intensify communication' after pre-APEC meetings
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: +2 min

Janet Yellen, US Treasury secretary, and He Lifeng, China's vice premier, during a meeting in San Francisco, California, US, on Friday, Nov. 10, 2023. U.S. Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng agreed to "intensify communication" and work together on a range of economic, financial stability and regulatory issues, Treasury said on Friday. "During the meetings, Secretary Yellen emphasized the importance that both countries responsibly manage the bilateral economic relationship, including maintaining resilient communication channels," Treasury said. Yellen and He exchanged their views on domestic and global macroeconomic and financial developments, it said, noting that Yellen acknowledged "significant headwinds and risks to the global economy." They also discussed the Israel-Hamas war, and Yellen spoke about the need "to prevent escalation and expansion of the conflict in the Middle East," Treasury said.

Persons: Janet Yellen, Lifeng, Yellen Organizations: Treasury, ., Economic Cooperation, International Monetary Fund Locations: San Francisco , California, China, U.S, San Francisco, Asia, Russia, Ukraine, Israel

President Biden and President Xi Jinping of China plan to meet in California on Wednesday for a discussion that Mr. Biden’s advisers say is meant to stabilize relations even as it features a host of topics on which the two fiercely competitive countries disagree. The Biden administration, which formally announced the meeting on Friday morning, said the two leaders would have the highly choreographed discussion as they attended the Asia-Pacific Economic Cooperation summit in San Francisco, known as APEC. In a call with reporters on Thursday, two senior advisers to Mr. Biden said the meeting was intended to be wide-ranging, with Mr. Biden prepared to bring up issues including Taiwan, election interference, the war in Ukraine and the war between Israel and Hamas. Taiwan, a self-ruled island claimed by China, is set to hold elections early next year, and one of the advisers said Mr. Biden would seek to “present” Mr. Xi with “clarity” — meaning that the United States expects Beijing not to interfere and is concerned that it might. Mr. Biden is also expected to warn Mr. Xi against interfering in U.S. elections.

Persons: Biden, Xi Jinping, Mr, Xi Organizations: Economic Cooperation Locations: China, California, Asia, San Francisco, Taiwan, Ukraine, Israel, Hamas, United States, Beijing, U.S

☆ U.S. Seeks to Resume Military Dialogue With Beijing
▼ + stars: | 2023-11-10 | by ( Helene Cooper | More About Helene Cooper | ) www.nytimes.com time to read: +1 min

President Biden’s top military adviser has told China that the United States is open to resuming military-to-military communication that Beijing suspended last year to protest then-Speaker Nancy Pelosi’s visit to Taiwan. The chairman of the Joint Chiefs of Staff, Gen. Charles Q. U.S. officials are hoping the two leaders will announce a resumption of military dialogue there. General Brown, who is traveling in the region this week, said that the reopening of the communications channel was important to prevent misunderstandings that could cascade into crises. “Just to ensure that there’s no miscalculation in that dialogue, to me, is hugely important,” he said during a briefing with reporters.

Persons: Biden’s, Nancy Pelosi’s, Charles Q, Brown Jr, Biden, Liu Zhenli, “, ” General Brown, China’s, Xi Jinping, General Brown, ” Organizations: Joint Chiefs of Staff, Economic Cooperation Locations: China, United States, Beijing, Taiwan, Asia

SAN FRANCISCO, Nov 10 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that she agreed with Chinese Vice Premier He Lifeng to "intensify communication" on economic issues but warned him to crack down on Chinese companies that give material support to Russia for its war in Ukraine. "During our discussions, we agreed that in-depth and frank discussions matter, particularly when we disagree," Yellen said. "And I emphasized that the current uncertain global landscape makes it particularly crucial that we maintain resilient lines of communication going forward." "We would like to see China crack down on this, especially when we're able to provide information," Yellen said. Discussing the Israel-Hamas war, Yellen spoke of the need "to prevent escalation and expansion of the conflict in the Middle East," the Treasury said in a statement.

Persons: Janet Yellen, Lifeng, Yellen, Joe Biden, Xi Jinping, Carlos Barria, Donald Trump's, Liao Min, Liao, Eric Beech, David Lawder, Ann Saphir, Andrea Shalal, David Ljunggren, Chizu Nomiyama, Andrea Ricci, Grant McCool, Christian Schmollinger, Simon Cameron, Moore Organizations: FRANCISCO, . Treasury, Economic Cooperation, Communist Party, Treasury, U.S, APEC, REUTERS, Industrial, Commercial Bank of, Finance, Ministry of Finance, Fund, Thomson Locations: Russia, Ukraine, San Francisco, Asia, China, RUSSIA, Israel, U.S, San Francisco , California, Commercial Bank of China, Washington, Beijing, United States

☆ Sino-US relations still face challenges - China's ambassador to US
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Xie Feng, China's new ambassador to the U.S., addresses the media as he arrives at JFK airport in New York City, U.S., May 23, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBEIJING, Nov 10 (Reuters) - China's ambassador to the United States said Sino-US relations have shown positive signs of stopping a decline and stabilising but still faced challenges, as the leaders of both countries prepare for an expected highly-anticipated meeting this month. Xie said under the leadership of China's President Xi Jinping and U.S. President Joe Biden, and with the joint efforts of both sides, relations have recently shown positive signs. "Sino-U.S. relations are still facing severe challenges, and there is still a long way to go to stabilise and improve relations," Xie said. Reporting by Bernard Orr; Editing by Chris Reese and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Xie Feng, Brendan McDermid, Xie, Xi Jinping, Joe Biden, Xi, Biden, Bernard Orr, Chris Reese, Michael Perry Organizations: REUTERS, Rights, China Relations, Economic Cooperation, Thomson Locations: U.S, New York City, Rights BEIJING, United States, China, Hong Kong, San Francisco, Asia, Taiwan, Bali

☆ Race to finish Indo-Pacific trade deals hit snags ahead of APEC summit
▼ + stars: | 2023-11-09 | by ( David Lawder | ) www.reuters.com time to read: +5 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. Instead it promised cooperation on supply chains and clean energy along with higher standards for labor, environment and regulatory practices and digital trade. Negotiations on digital trade standards -- once seen as a marquee feature of the IPEF trade pillar -- are largely frozen as the Biden administration has suspended discussions on key rules after reversing longstanding U.S. positions on e-commerce. By adopting these fringe views on digital trade, USTR really brings the main substance on digital trade to a halt," said John Murphy, senior vice president for international policy for the U.S. Chamber of Commerce. One of the sources familiar with the talks said that early enthusiasm on the IPEF trade pillar -- which excludes India -- has given way to frustration over the difficulty and complexity of issues involved.

Persons: Carlos Barria, Biden, Joe Biden, IPEF, Wendy Cutler, Cutler, Trump, USTR, John Murphy, David Lawder, Sharon Singleton Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Pacific, Prosperity, Asia Pacific Economic Cooperation, Asia Society Policy Center, Commerce Department, U.S . Trade, Big Tech, U.S . Chamber of Commerce, Thomson Locations: Asia, Pacific, San Francisco , California, San Francisco, U.S, China, Washington, IPEF, Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam, United States, TPP

☆ Janet Yellen to host China’s top economic official ahead of expected Biden-Xi talks in San Francisco
▼ + stars: | 2023-11-09 | by ( Bryan Mena | Juliana Liu | ) edition.cnn.com time to read: +5 min

Yellen’s talks with China’s new economic tsar will set the stage for the high-stakes potential meeting expected between US President Joe Biden and Chinese President Xi Jinping next week during the Asia-Pacific Economic Cooperation forum in San Francisco. The United States is the host for this year’s summit, which is an annual gathering of top leaders in government and business of the 21 economies in the Pacific Rim. The United States is the host for this year’s summit, which is an annual gathering of top leaders in government and business of the 21 economies in the Pacific Rim. US and Chinese officials are seeking to shore up diplomatic ties and cooperation on economic issues. The International Monetary Fund recently upgraded its forecast for China’s economic growth based on Beijing’s policies aimed at propping up the country’s ailing property sector.

Persons: Janet Yellen, Lifeng, Yellen’s, Joe Biden, Xi Jinping, Antony Blinken, John Kerry, Gina Raimondo, Wang Yi, “, Biden, Xi, ”, Mattie Bekink, Yellen, ” Yellen Organizations: Hong Kong CNN, Economic Cooperation, Washington, Economist Intelligence, Network, Treasury Department, Biden, CNN, Monetary Fund Locations: China, Washington, Hong Kong, Asia, San Francisco, United States, Rim, Beijing, Shanghai, decouple

☆ Republicans demand Biden challenge China's Xi on fentanyl, prisoners
▼ + stars: | 2023-11-09 | by ( Michael Martina | ) www.reuters.com time to read: +3 min

The flags of the United States and China fly from a lamppost in the Chinatown neighborhood of Boston, Massachusetts, U.S., November 1, 2021. Republicans and Democrats in Congress have offered sometimes different approaches for countering China's growing economic and military might despite bipartisan consensus on the need to do so. But they asked Biden to present Xi with a list of 10 demands to improve relations, much like Beijing did to U.S. officials in 2021. "It is clear that competitive actions have been sacrificed to advance aimless, zombie-like engagement," they said. Reporting by Michael Martina and Patricia Zengerle; editing by Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Brian Snyder, Joe Biden, Xi Jinping, Mike Gallagher, Biden, Mark Swidan, American Kai Li, David Lin, Michael Martina, Patricia Zengerle, Grant McCool Organizations: REUTERS, Rights, U.S, Beijing, Biden, Economic Cooperation, Republicans, Democrats, Treasury, Industrial, Thomson Locations: United States, China, Chinatown, Boston , Massachusetts, U.S, San Francisco, Asia, Beijing, Philippines, South China, South, Taiwan, China's Xinjiang, Texas, American

And tensions between the countries heightened earlier this year when a Chinese surveillance balloon was spotted traveling over sensitive U.S. airspace. The U.S. military shot down the balloon off the Carolina coast after it traversed sensitive military sites across North America. With all of the tensions, the two nations have worked to smooth economic ties. Xi similarly met with Blinken in June when the secretary of state traveled to Beijing for talks with Wang. In January, she had her first face-to-face meeting with former Vice Premier Liu He in Zurich.

Persons: Janet Yellen, Joe Biden, Xi Jinping, Nicholas Szechenyi, ”, Biden, Shou Zi Chew, Wang Yi, Antony Blinken, Jake Sullivan, Xi, Wang, Yellen, Liu, “, Colleen Long, Aamer Madhani Organizations: WASHINGTON, —, Economic Cooperation, Center for Strategic, International Studies, APEC, Chinese Foreign, White, U.S, White House, Blinken, U.S . Treasury Department, China’s Ministry of Finance, Associated Press Locations: San Francisco, Asia, United States, China, U.S, Carolina, North America, Washington, Beijing, Zurich

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. "This is going to overshadow anything that happens at APEC," said Oriana Skylar Mastro, a Stanford University China expert. Biden will welcome other APEC leaders - including from Vietnam, the Philippines, Canada and Mexico - and both he and Xi will be playing to the gallery. "Our door is open to any country or economy facing PRC (People's Republic of China) economic coercive threats," Melanie Hart, a senior China policy adviser at the State Department, said on Monday. That would include "companies flocking to meet with Xi Jinping and have dinner with him," he said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Oriana Skylar Mastro, Xi, Biden, Victor Cha, Washington, Matthew Goodman, Goodman, Janet Yellen, Melanie Hart, Donald Trump, Jude Blanchette, Michael Martina, David Brunnstrom, Trevor Hunnicutt, Laurie Chen, Michelle Nichols, Josie Kao Organizations: REUTERS, Rights, San, Economic Cooperation, U.S, APEC, Stanford University China, Biden, Beijing, Washington's Center, Strategic, International Studies, China, Protesters, White, Treasury, Washington, People's, State Department, Pew Research, Prosperity, CSIS, Thomson Locations: Bali , Indonesia, San Francisco, Asia, Bali, Beijing, China, China . U.S, Washington, Taiwan, South China, Vietnam, Philippines, Canada, Mexico, U.S, People's Republic of China

Gloom over worse-than-expected export data offset any positive momentum from an upgrade to China's growth forecast by the International Monetary Fund. It raised its GDP growth forecast for 2023 to 5.4% from 5% but forecast that growth will slow next year. Earlier in the summer, a swift rise in Treasury yields sent the stock market reeling. High rates and yields hurt stock prices, slow the economy and raise the pressure on the entire financial system. In currency trading, the U.S. dollar edged up to 150.69 Japanese yen from 150.37 yen.

Persons: Joe Biden, Xi Jinping, Janet Yellen, Korea’s Kospi, Australia's, TripAdvisor Organizations: TOKYO, Economic Cooperation, White, Treasury, APEC, International Monetary Fund, Nikkei, Moody’s, Service, Big Tech, Dow Jones, Nasdaq, Emerson, Federal, Federal Reserve, New York Mercantile Exchange, Brent, U.S Locations: China, U.S, Asia, San Francisco, Shanghai, Japan, Israel

☆ 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

U.S. Secretary of State Antony Blinken speaks during a press conference after participating in G7 ministerial meetings in Tokyo, Japan, November 8, 2023. REUTERS/Jonathan Ernst/Pool Acquire Licensing RightsNEW DELHI/WASHINGTON, Nov 8 (Reuters) - U.S. Secretary of State Antony Blinken and Defense Secretary Lloyd Austin will hold talks with India this week that officials say will focus on security challenges in the Indo-Pacific and concerns over China, rather than the wars in Gaza and Ukraine. U.S. officials were moving swiftly to deepen ties with India while pledging support for an investigation into the June killing on Canadian soil, an American official aware of the Indo-Pacific policy said. Both officials spoke on condition of anonymity as they were not authorised to speak to the media. India's ties with the U.S. have grown steadily stronger on several fronts, and it has close strategic links with Israel.

Persons: Antony Blinken, Jonathan Ernst, Lloyd Austin, Subrahmanyam Jaishankar, Rajnath Singh, Narendra Modi's, Joe Biden's, Xi Jinping, Rick Rossow, Rossow, Krishn Kaushik, David Brunnstrom, Trevor Hunnicutt, YP Rajesh, Simon Cameron, Moore Organizations: REUTERS, Officials, Ottawa, Indian, Economic Cooperation, Asia Society, South, U.S, Washington’s Center, Strategic, International Studies, Biden, YP, Thomson Locations: Tokyo, Japan, DELHI, WASHINGTON, India, China, Gaza, Ukraine, New Delhi, Canada, Washington, Asia, San Francisco, South Asia, Israel, Delhi, Russia, Washington and New Delhi, Myanmar, Maldives, Sri Lanka, Nepal

☆ Beijing is ready to improve ties with US, says Chinese vice-president
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Beijing is ready to improve ties with Washington, a senior Chinese official said Wednesday, days before a highly anticipated potential meeting between leaders Xi Jinping and Joe Biden in San Francisco. Ahead of that potential meeting, US Treasury Secretary Janet Yellen has invited Chinese Vice Premier He Lifeng, known as the country’s “economic tsar,” for a two-day meeting starting Thursday. Washington has sent four cabinet officials to Beijing since June, including Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, Climate Envoy John Kerry and Commerce Secretary Gina Raimondo. “The foundation of Sino-US relations lies in the people, and the source of strength lies in people-to-people friendship,” Xi added. Biden and Xi last met face-to-face in November 2022 for a three-hour talk in Bali, Indonesia, at a G20 summit.

Persons: Xi Jinping, Joe Biden, ”, Han Zheng, ” Han, Biden, Xi, Janet Yellen, Antony Blinken, John Kerry, Gina Raimondo, Wang Yi, Jake Sullivan, Xi Han’s, ” Xi, Yellen Organizations: Hong Kong CNN —, Washington, Bloomberg, Economy, Economic Cooperation, US National, Getty, Sister Cities Conference, Relations, China, Treasury Department Locations: China, Hong Kong, Hong Kong CNN — Beijing, San Francisco, Singapore, United States, Asia, . Washington, Beijing, Washington, Bali , Indonesia, Ukraine, Israel

☆ U.S. suspends Indo-Pacific talks on key aspects of digital trade -lawmakers
▼ + stars: | 2023-11-08 | by ( David Lawder | ) www.reuters.com time to read: +3 min

The halt comes after the U.S. Trade Representative's office last month reversed longstanding U.S. digital trade demands at the World Trade Organization -- no longer insisting on rules that protect free cross-border data flows and prohibit national requirements for data localization and reviews of software source code. The U.S. Trade Representative's office said it withdrew its position to give Congress room to enact stronger technology regulations. "We thank you for suspending negotiations on aspects of the IPEF digital text that can be used to frustrate privacy, AI, civil rights and liberties, anti-monopoly, gig worker and other digital safeguards that Congress and the administration seek," the lawmakers wrote. People familiar with the talks say that discussions on the digital trade chapter have largely ground to a halt because the U.S. position is now unclear and being reevaluated. A USTR spokesperson declined comment on the IPEF digital talks.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, IPEF, Amy Klobuchar, Pramila Jayapal, David Lawder, Leslie Adler Organizations: Intelligence, U.S, Capitol, REUTERS, Rights, Democratic, U.S . Trade, World Trade Organization, Representatives, Commerce Department, Asia Pacific Economic Cooperation, Tech, Thomson Locations: Washington , U.S, U.S, Mexico, Canada, IPEF, San Francisco, Asia, China

The orchestra first visited China in September 1973, marking a thaw in U.S.-China relations just as the two nations began normalizing ties after Richard Nixon became the first U.S. president to visit China’s mainland. “This constant 50-year connection with China has been really very deep and very wonderful,” Booth on arriving at Beijing’s Capital International Airport. The ensemble will be performing with the China National Symphony Orchestra at the National Centre for the Performing Arts, starting Friday. Political Cartoons View All 1234 ImagesThe ensemble’s visit coincides with the American Ballet Theatre’s tour in China, which started in Shanghai last week. Until now, the Philadelphia Orchestra had visited China 12 times, most recently in May 2019, before the pandemic.

Persons: Joe Biden, Xi, Richard Nixon, Davyd Booth, ” Booth, Antony Blinken, Janet Yellen, Gina Raimondo, Biden Organizations: BEIJING, Philadelphia Orchestra, Beijing’s Capital International Airport, China National Symphony Orchestra, National Centre, Performing Arts, American Ballet, Economic Cooperation Locations: Beijing, China, China’s, Tianjin, Suzhou, Shanghai, United States, U.S, Washington, Asia, San Francisco

☆ CNBC Daily Open: Markets extend winning streaks
▼ + stars: | 2023-11-07 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

(Photo by Roy Rochlin/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-heavy index rose for seven straight days, while the Dow and S&P 500 rose for six straight days for the first time since July and June, respectively. Now, CNBC Pro deep dives into which winning names investors should look at that could be poised to lead any rally in the coming week. These include stocks in the S&P 500 that are up 10% or more off of their 52-week lows and have gained 10% or more in the past month.

Persons: Roy Rochlin, Jane, OpenAI, Janet Yellen, Lifeng, Joe Biden, Xi Jinping Organizations: NEW, Trump, Federal, CNBC, Dow Jones, Dow, Bora, Microsoft, U.S . Treasury, Asia Pacific Economic Cooperation, APEC Locations: Downtown Manhattan, New York City, U.S, San Francisco

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