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(AP) — U.S. Treasury Secretary Janet Yellen will host Chinese Vice Premier He Lifeng for two days of talks this week, the latest in a series of high-level talks between U.S. and Chinese officials as the world's two largest economies aim to ease tensions, the Treasury Department announced Monday. The Yellen-He talks set for Thursday and Friday come ahead of the start of the Asia-Pacific Economic Cooperation summit in San Francisco which starts November 11. Xi similarly met with Blinken in June when the secretary of State traveled to Beijing for talks with Wang. Yellen is expected to amplify the message on climate during her talks with He in San Francisco. Critics, including the Biden administration, say China’s projects often create massive debt and expose nations to undue influence by Beijing.

Persons: Janet Yellen, Joe Biden, Xi Jinping, ” Yellen, Biden, Wang Yi, Antony Blinken, Jake Sullivan, Xi, Wang, Yellen, “, Ralph Johnson, Ken Moritsugu Organizations: —, Treasury, U.S, Treasury Department, Economic Cooperation, Chinese Foreign, White, White House, Blinken, Ministry, San Francisco . Treasury, Initiative, Pentagon, Associated Press Locations: REHOBOTH BEACH, Del, Asia, San Francisco, Washington, Beijing, China, San Francisco ., U.S, Africa, Yellen, East, South China, American, Philippines, Philippine

☆ Indonesia President Scheduled to Meet U.S. President Biden This Month
▼ + stars: | 2023-11-06 | by ( Nov. | At P.M. | ) www.usnews.com time to read: 1 min

JAKARTA (Reuters) - Indonesia's President Joko Widodo is scheduled to meet U.S. President Joe Biden this month, "most likely" at the White House, a spokesperson for the Southeast Asian country's foreign ministry said on Tuesday. Jokowi, as the president is known, is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco from Nov. 15-17. Earlier on Tuesday, Jokowi, leader of the world's largest secular Muslim-majority country, said Indonesia's support for Palestine would "never waver". Indonesia has joined a chorus of international condemnation of Israel's invasion of Gaza following Hamas' attack on Israel on Oct. 7, and has called for an immediate ceasefire. (Reporting by Stanley Widianto; Writing by Kanupriya Kapoor; Editing by Christian Schmollinger)

Persons: Joko Widodo, Joe Biden, Jokowi, Stanley Widianto, Kanupriya Kapoor, Christian Schmollinger Organizations: U.S, White, Economic Cooperation, Palestine Locations: JAKARTA, Asia, San Francisco, Indonesia, Gaza, Israel

☆ Treasury Secretary Yellen to Hold Economic Talks With Chinese Counterpart
▼ + stars: | 2023-11-06 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

Treasury Secretary Janet L. Yellen will hold two days of high-level meetings with her Chinese counterpart, Vice Premier He Lifeng, this week, as the United States and China look to build upon an effort that started earlier this year to improve communication between the world’s two largest economies. The meetings will take place on Thursday and Friday in San Francisco ahead of the Asia-Pacific Economic Cooperation summit, which begins on Saturday. The meetings will help lay the groundwork for expected talks at the summit between President Biden and China’s top leader, Xi Jinping. The Treasury Department said that the United States hoped Ms. Yellen’s meetings would “further stabilize the bilateral economic relationship” and make progress on key economic issues. The revival of economic diplomacy between the two countries comes at a fraught moment for the global economy, which is grappling with sluggish output and wars in Ukraine and the Middle East.

Persons: Janet L, Biden, China’s, Xi, ” Organizations: Economic Cooperation, Treasury Department Locations: United States, China, San Francisco, Asia, United, Ukraine

☆ U.S. Treasury's Yellen to meet Chinese vice premier ahead of APEC summit
▼ + stars: | 2023-11-06 | by ( David Lawder | ) www.reuters.com time to read: +3 min

[1/2] U.S. Treasury Secretary Janet Yellen discusses "U.S.-China Economic Relationship" during a forum hosted by the Johns Hopkins University at the Nitze Building in Washington, U.S., April 20, 2023. REUTERS/Sarah Silbiger/File Photo Acquire Licensing RightsWASHINGTON, Nov 6 (Reuters) - U.S. Treasury Secretary Janet Yellen will meet with Chinese Vice Premier He Lifeng in San Francisco this week to try to deepen a fledgling economic dialogue between the world's two largest economies ahead of a U.S.-hosted summit of Pacific Rim leaders. The Treasury said the Nov. 9-10 meetings will also convene the new economic and financial forums launched in October by the Treasury and China's finance ministry and central bank. Yellen also is keen to discuss what steps Chinese officials are contemplating to support their flagging economic growth, and what circumstances might change their policy path. Instead, Yellen said she was "focusing on specific, high-priority economic topics on which we can make tangible progress."

Persons: Janet Yellen, Sarah Silbiger, Yellen, Joe Biden, Xi Jinping, David Lawder, Simon Cameron, Moore Organizations: . Treasury, Johns Hopkins University, REUTERS, Rights, Pacific Rim, Treasury, San, Biden, Asia Pacific Economic Cooperation, U.S, Washington Post, Thomson Locations: China, Washington , U.S, San Francisco, U.S, Beijing

☆ 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

☆ Australia-China: After seven years of strain, leader Albanese heads to Beijing
▼ + stars: | 2023-11-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the four-day visit, which begins on Saturday and will see Albanese meet with Chinese leader Xi Jinping and Premier Li Qiang and make stops in Beijing and Shanghai. Albanese’s trip also carries symbolic overtones, marking 50 years since the first official visit by an Australian leader to Communist China after the two countries established ties. James Bugg/Bloomberg/Getty ImagesUS relations loomAlbanese is heading to Beijing less than two weeks after he met with US President Joe Biden in Washington. As he aims to repair ties with China, Albanese will need to walk a line between these interests and China’s suspicions about the aims of these blocs, analysts say. “Beijing came to learn that the weaponization of trade did not force a close US ally to back down,” said Collinson.

Persons: Hong Kong CNN —, Anthony Albanese, Albanese, Xi Jinping, Li Qiang, Scott Morrison’s, Jingdong Yuan, ”, Cheng Lei, Yang Hengjun, Yang, ” Albanese, Elena Collinson, teeters, ” Collinson, James Bugg, Joe Biden, “ Albanese, Yuan, Xi, Biden, Collinson, “ Organizations: Hong Kong CNN, China’s Foreign Ministry, University of Sydney, Reuters, Huawei, Albanese’s Labor, Canberra, Albanese’s, University of Technology Sydney’s, China Relations Institute, Trans, Pacific, Bloomberg, Getty, Albanese, China, China - Asia Security, Stockholm International Peace Research Institute, Economic Cooperation, Australia Locations: Hong Kong, China, Beijing, Shanghai, Australia, Washington, Seoul, Communist China, Asia, Pacific, Darwin, Pacific Islands, South, University of Technology Sydney’s Australia, Europe, Yarra, Victoria, South China, United Kingdom, Japan, India, Sydney, Stockholm, San Fransisco

☆ China warms to U.S. chipmaker Micron, as tensions with Washington ease
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. "We welcome Micron Technology to continue to take root in the Chinese market and achieve better development under the premise of complying with Chinese laws and regulations," Wang added. The detente comes just months after China's cyberspace regulator said Micron had failed a network security review and barred Chinese operators of key infrastructure from buying from the largest U.S. memory chipmaker. China's move against Micron was widely seen as retaliation for Washington's efforts to restrict Beijing's access to key technology. Reporting by Beijing newsroom; Editing by Sonali Paul and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Wang Wentao, Sanjay Mehrotra, Wang, China's, Joe Biden, Xi Jinping, Sonali Paul, Lincoln Organizations: Micron Technology Inc, REUTERS, Rights, Micron Technology, Commerce, Micron, Economic Cooperation, Beijing, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing, Washington, Asia, San Francisco

☆ Yellen: Indo-Pacific allies should not have to choose between US, China
▼ + stars: | 2023-11-02 | by ( David Lawder | ) www.reuters.com time to read: +5 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Yellen said the U.S. instead was pursuing the "de-risking and diversifying" of its economic ties to China, by investing in manufacturing at home and by strengthening linkages with allies and partners around the world, including Indo-Pacific countries. TRADE, INVESTMENT LINKSYellen said the Biden administration was committed to expanding trade and investment with Indo-Pacific countries, emphasizing the region's strategic importance ahead of the APEC gathering. The Indo-Pacific is a dynamic and rapidly growing region. "And achieving resilience through partnering with Indo-Pacific countries means gains for Indo-Pacific economies as well," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, White, Joe Biden, Xi Jinping, Biden, Donald Trump, David Lawder, Diane Craft Organizations: Treasury, Rights, . Treasury, Asia Pacific Economic Cooperation, Asia Society, APEC, Prosperity, Thomson Locations: United States, New York, U.S, China, San Francisco, IPEF, Vietnam

WASHINGTON (AP) — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In her speech, Yellen said Washington will not cut its economic ties with Beijing but pursue a “serious and clear-eyed" approach. “As I’ve said, the United States does not seek to decouple from China. “The United States has long been a Pacific nation, and it is abundantly clear we remain one today,” she said. “We are deepening our economic ties across the region, with tremendous potential benefits for the U.S. economy and for the Indo-Pacific.”

Persons: — Washington, Janet Yellen, We’ve, Yellen, Joe Biden, Xi Jinping, Biden’s, ”, I’ve, ” Yellen, “ Organizations: WASHINGTON, Biden, Asia Society, Economic Cooperation, Washington Locations: Beijing, Washington, decouple, China, United States, Asia, San Francisco, Manila, Taiwan Strait, Taiwan, U.S, Japan, South Korea, Vietnam, India, Pacific

SHANGHAI, China (AP) — American Ballet Theatre returned to China on Thursday for the first time in a decade in the latest sign that strained U.S.-China relations are beginning to improve. The tour marks a revival of cultural exchanges between China and the United States. She said cultural exchanges between the U.S. and China “are very necessary" at this time. Ambassador to China Nicholas Burns said Monday during an event celebrating American World War II veterans who helped China battle Japan. But the two peoples of the countries have always been together.”The ABT last performed in China in March 2013 in Beijing.

Persons: ”, Susan Jaffe, ABT, Giselle, “, Jaffe, —, Zhang Xiaoding, Zhu Xiaoyi, Joe Biden, Xi Jinping, China Nicholas Burns, ” Burns, Dwight Eisenhower’s, ___ Mistreanu, Caroline Chen Organizations: Ballet Theatre, Shanghai, Theater, Philadelphia Orchestra, National Center, Performing Arts, Shanghai Grand Theatre, U.S, Economic Cooperation, U.S ., Soviet Union Locations: SHANGHAI, China, U.S, New York, United States, Shanghai, Beijing, ”, Washington, Asia, San Francisco . China, Ukraine, Japan, American, Taipei, Taiwan

☆ What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

REUTERS/Athit Perawongmetha/Pool/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - Leaders from the 21-member Asia-Pacific Economic Cooperation forum will meet in San Francisco this month for the 30th APEC summit, the first hosted by the United States since 2011. APEC leaders are due to gather between Nov. 15-17. From Nov. 11 senior APEC finance officials and ministers will meet ahead of the summit, while the annual APEC CEO summit will run from Nov. 14-16. As of 2021, APEC members made up seven of the United States' top 10 overall trading partners. FASHION SHOWTraditionally APEC leaders wear local costume for a final-day group photo.

Persons: Xi Jinping, Peng Liyuan, Prayuth Chan, ocha, Naraporn Chao, Athit, Joe Biden, Xi, Biden, Morris Chang, John Lee, Lee, Paul Chan, Vladimir Putin, Putin, Matt Goodman, BUZZWORDS, Goodman, Washington, Donald Trump, Bill Clinton, Barack Obama, David Brunnstrom, Michael Martina, Michelle Nichols, Matthew Lewis Organizations: Thai, Economic Cooperation, REUTERS, Rights, APEC, U.S, Reuters Hong, Hong, Financial, The State Department, White, Economic, Thomson Locations: Asia, Bangkok, Thailand, San Francisco, United States, China, Bali, Canberra, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Vietnam, India, Washington, U.S, Ukraine, APEC, Seattle, Francisco

☆ Explainer: What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

☆ Morning Bid: Fed, financing and jobs greet November
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +6 min

Despite the U.S. Treasury forecasting a lower fourth-quarter borrowing need than previously flagged, the tension in the bond market remains ahead of its detailed future refinancing plans due later on Wednesday. With the Federal Reserve widely expected to hold policy rates steady again on Wednesday, the Treasury plans may end up getting more bond market attention. But U.S. consumer confidence has softened, oil prices are falling again and the overseas demand picture is weakening. Another heavy day of U.S. corporate earnings is topped by big insurers and the likes of PayPal and Kraft Heinz. On Tuesday, shares in heavy-machinery maker Caterpillar (CAT.N) sank almost 7% as signs of slowing demand overshadowed a quarterly earnings beat.

Persons: Mike Dolan, Masato Kanda, it's, Japan's, China Evergrande, Joe Biden, Xi Jinping, Kraft Heinz, Estee Lauder, Kraft, Ingersoll Rand, Nick Macfie Organizations: Wednesday's, Bank of Japan, Japan's Nikkei, Japan, U.S, U.S . Treasury, Federal Reserve, Treasury, HK, White House, Asia Pacific Economic Cooperation, Wall, PayPal, Kraft, Caterpillar, Edison, AIG, Prudential Financial, MetLife, Qualcomm, Mckesson, Kraft Heinz, Allstate, Congnizant, Boston Properties, Water, Garmin, CVS, Brands, Humana, Reuters Graphics Reuters, US National Retail Federation, Thomson, Reuters Locations: U.S, United States, China, Hong Kong, San Francisco, Tokyo, Marathon, Boston

☆ White House says there is an agreement in principle for Biden-Xi meeting
▼ + stars: | 2023-11-01 | by ( Betsy Klein | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden is expected to meet with Chinese President Xi Jinping, the White House said, sharing an agreement in principle has been reached on a meeting later this month in San Francisco. Press secretary Karine Jean-Pierre stressed that the White House believes the best way to manage competition is through “intense diplomacy,” and said, “It’s going to be a constructive meeting. The high-stakes meeting comes as the White House is navigating major wars in Ukraine and Israel, and amid growing competition with China as the US has worked to reestablish regular communication with Beijing following months of tension. Biden has frequently pressed the importance of face-to-face interactions with world leaders as he seeks to foster improved relations. Biden and Xi previously met face-to-face in November 2022 for a three-hour talk in Bali, Indonesia, at a G20 Summit, marking a step toward improving a souring –- but critical –- bilateral relationship.

Persons: Joe Biden, Xi Jinping, Karine Jean, Pierre, White, “ It’s, Jean, “, Biden, Xi, CNN’s Kevin Liptak Organizations: CNN, San Francisco . Press, White House, Economic Cooperation, APEC Locations: San Francisco, Asia, Ukraine, Israel, China, Beijing, Bali , Indonesia

Federal Reserve Chair Jerome Powell speaks during a meeting of the Economic Club of New York in New York City, U.S., October 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 2 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The MSCI World equity index rose just over 1%, its best day since August while the Nasdaq jumped 1.6%, its fourth rise in a row, for its best day since August too. Malaysia's central bank is expected to keep its key interest rate at 3% and through 2024, despite a weakening ringgit, amid stable domestic inflation and a steady growth outlook. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Brendan McDermid, Jamie McGeever, Wall, Jerome Powell's, Powell, Evergrande, Josie Kao Organizations: Economic, of New, REUTERS, Treasury, Bank of, Nikkei, Nasdaq, South, South Korea CPI, Thomson, Reuters Locations: of New York, New York City, U.S, Malaysian, Asia, Hong Kong, South Korea, July's, Malaysia, Australia

☆ Explainer-What Is APEC? Asia-Pacific Leaders Head to San Francisco
▼ + stars: | 2023-11-01 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

By David BrunnstromWASHINGTON (Reuters) - Leaders from the 21-member Asia-Pacific Economic Cooperation forum will meet in San Francisco this month for the 30th APEC summit, the first hosted by the United States since 2011. APEC leaders are due to gather between Nov. 15-17. From Nov. 11 senior APEC finance officials and ministers will meet ahead of the summit, while the annual APEC CEO summit will run from Nov. 14-16. As of 2021, APEC members made up seven of the United States' top 10 overall trading partners. FASHION SHOWTraditionally APEC leaders wear local costume for a final-day group photo.

Persons: David Brunnstrom WASHINGTON, Joe Biden, Xi Jinping, Xi, Biden, Morris Chang, John Lee, Lee, Paul Chan, Vladimir Putin, Putin, Matt Goodman, BUZZWORDS, Goodman, Washington, Donald Trump, Bill Clinton, Barack Obama, David Brunnstrom, Michael Martina, Michelle Nichols, Matthew Lewis Organizations: Economic Cooperation, APEC, U.S, TSMC, Reuters Hong, Hong, Financial, The State Department, White, Economic Locations: Asia, San Francisco, United States, China, Bali, Canberra, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, Vietnam, India, Bangkok, Washington, U.S, Ukraine, APEC, Seattle, Francisco

☆ Hong Kong Finance Chief to Attend APEC Meet, Side-Stepping Dispute
▼ + stars: | 2023-10-31 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

HONG KONG (Reuters) - Hong Kong's financial secretary Paul Chan will attend an APEC meeting on Nov. 15-17 in San Francisco, it said on Tuesday, standing in for Chief Executive John Lee and smoothing over a diplomatically sensitive issue for both Beijing and Washington. Beijing had previously said Lee, who is subject to U.S. sanctions, should attend. The United States imposed sanctions on Lee in 2020 over his role in the crackdown of pro-democracy demonstrations. Earlier this year, a State Department spokesperson said Washington would work with Hong Kong to ensure "appropriate" participation in the APEC (Asia-Pacific Economic Cooperation) meeting. Hong Kong's statement said Lee was unable to attend due to "scheduling issues" and made no mention of the U.S. sanctions.

Persons: Paul Chan, John Lee, Lee, Wang Yi, Washington, Hong, Chan, Twinnie Siu, Farah Master, Ryan Woo, Louise Heavens, Mark Potter Organizations: Reuters, Chief, Beijing, Foreign, APEC, State Department, Economic Cooperation Locations: HONG KONG, San Francisco, Beijing, Washington, United States, Hong Kong, Asia, U.S

HONG KONG (AP) — Hong Kong leader John Lee will not attend an upcoming economic conference in the U.S. due to “scheduling issues” despite an earlier appeal to be invited as per convention, following reports that he would be barred from the gathering due to U.S. sanctions. Instead, Hong Kong’s financial minister Paul Chan will attend as a representative of Hong Kong on Lee's behalf. Lee himself had appealed to the U.S. to act in accordance with convention and send invitations to all member economies, including Hong Kong. Political Cartoons View All 1227 ImagesHe was sanctioned in 2020 together with 10 other Hong Kong officials, including previous chief executive Carrie Lam, for undermining the city's autonomy. Lee was previously Hong Kong’s security minister and oversaw the crackdown on the pro-democracy movement in the city following the 2019 anti-government protests.

Persons: Hong, John Lee, Lee, Paul Chan, Carrie Lam, Wang Yi, Joe Biden, Antony Blinken, Jake Sullivan Organizations: Hong, Economic, APEC, The Washington Post, British, U.S, White Locations: HONG KONG, Hong Kong, U.S, Asia, San Francisco, China, United States, The, Beijing, “ Hong Kong

☆ Biden will meet with China's Xi Jinping next month, White House says
▼ + stars: | 2023-10-31 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022. WASHINGTON — President Joe Biden will meet with Chinese President Xi Jinping next month, the White House announced on Tuesday. "Intense competition means intense diplomacy," White House press secretary Karine Jean-Pierre said at a press briefing. Read more: White House restricts U.S. investment in some Chinese tech, citing national security concernsThe meeting comes as the White House works to rush security assistance and humanitarian aid to Israel amid an intensifying conflict with Hamas. Earlier this month, Xi and Putin met in Beijing to discuss additional ways to deepen their relationship.

Persons: Xi Jinping, Joe Biden, Karine Jean, Pierre, Jean, Janet Yellen, Antony Blinken, Gina Raimondo, Bill Burns, Jake Sullivan, John Kerry, Read, Trump, Xi, Vladimir Putin's, Biden, Putin, Volodymyr Zelenskyy Organizations: WASHINGTON, White, Economic Cooperation, National, Hamas, . Locations: Nusa Dua, Indonesian, Bali, Asia, San Francisco, China, Israel, U.S, Ukraine, Russian, Beijing, Russia, United States, Iran, North Korea

☆ U.S. is working with Indo-Pacific partners to boost economic resilience, Katherine Tai says
▼ + stars: | 2023-10-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

The United States is working very closely with its trading partners in the Indo-Pacific region to help build economic resilience, said U.S. Trade Representative Katherine Tai. The Indo-Pacific Economic Framework (IPEF) initiative, launched in May last year by U.S. President Joe Biden, is looking to announce a number of initiatives soon, Tai told CNBC's Martin Soong on the sidelines of the G7 trade ministers' summit in Osaka, Japan. "We are demonstrating the vision that we created with respect to the IMF, which is in a time of many economic challenges with the need to cooperate with our partners in the Indo-Pacific region to promote sustainability, resilience and inclusivity," she said. "We also know that we can't wait around for five or seven years for a massive trade negotiation to be completed," Tai said.

Persons: Katherine Tai, Joe Biden, Tai, CNBC's Martin Soong Organizations: Trade, Economic, U.S, IMF Locations: States, Osaka, Japan

☆ Janet Yellen to deliver major speech detailing US economic strategy toward Indo-Pacific
▼ + stars: | 2023-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —At a moment of elevated geopolitical danger, Treasury Secretary Janet Yellen plans to deliver a major speech on Thursday mapping out the Biden administration’s economic gameplan toward the increasingly volatile Indo-Pacific region, CNN has learned. The speech will mark the first time the Biden administration has outlined its economic approach toward the region in such detail. Recently, China and the Philippines accused each other of causing collisions in a disputed area of the South China Sea. Beyond the high-profile trip to China, Yellen has visited the Indo-Pacific multiple times during the Biden administration, including four trips to India, two trips each to Japan and Indonesia and visits to Vietnam and Korea. On Friday, the White House announced Biden will travel to San Francisco on November 14 to host representatives from the 21 APEC member economies for APEC Economic Leaders’ Week.

Persons: Janet Yellen, Biden, Joe Biden, Xi Jinping, Yellen, “ That’s, ” Biden, Antony Blinken, Xi Organizations: New, New York CNN, Biden, CNN, Economic Cooperation, Treasury, Asia Society, APEC, Investors, Democratic, White House Locations: New York, Asia, San Francisco, Beijing, China, Philippines, South China, Japan, South Korea, India, Vietnam, Indonesia, Korea, Washington, United States, Bali .

☆ The US and China need to turn down the heat, says California governor Gavin Newsom: 'Divorce is not an option'
▼ + stars: | 2023-10-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Gavin Newsom said the US and China need to turn down the heat on bilateral tensions, per CNN. "Divorce is not an option," Newsom told CNN's Christiane Amanpour in a Wednesday podcast. Newsom met Chinese leader Xi Jinping last Wednesday during a week-long trip to China. Gavin Newsom told CNN's Christiane Amanpour in a Wednesday podcast. The California governor's meeting with Xi followed a meeting between Xi and a group of US senators in early October.

Persons: Gavin Newsom, Newsom, CNN's Christiane Amanpour, Xi Jinping, —, We've, Xi, Gavin Newsom's Organizations: CNN, Service, San, APEC, Eurasia Group, Economic Cooperation Locations: California, China, San Francisco, Asia

☆ Watch Gavin Newsom accidentally tackle a kid while playing basketball in China
▼ + stars: | 2023-10-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Gavin Newsom plowed into a student while playing basketball in China. On Friday, Newsom and his wife, Jennifer Siebel Newsom, visited the Beijing Yuying School. As part of his official duties, he toured the school's farm-to-school and agricultural science programs, a representative for Newsom told Insider. California Governor Gavin Newsom accidentally topples little kid during pickup game of basketball in Beijing. We are interdependent," Newsom told Amanpour.

Persons: Gavin Newsom, Newsom, —, Gavin Newsom's, Jennifer Siebel Newsom, Mike Sington, Xi Jinping, Xi, CNN's Christiane Amanpour, Amanpour Organizations: Service, Beijing Yuying School, Economic Cooperation, Politico Locations: California, China, Beijing, Hong Kong, Shanghai, Guangdong, Jiangsu, Asia, San Francisco

☆ IPEF: We'll announce a number of deliverables soon, says U.S. trade representative
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIPEF: We'll announce a number of deliverables soon, says U.S. trade representativeKatherine Tai, U.S. trade representative, discusses the Indo-Pacific Economic Framework, which was launched in May 2022.

Persons: We'll, deliverables, Katherine Tai Locations: Katherine Tai , U.S

☆ China's foreign minister suggests road to Xi-Biden summit will not be smooth
▼ + stars: | 2023-10-29 | by ( ) www.cnbc.com time to read: +1 min

President Joe Biden and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco in November. Saul Loeb | Afp | Getty ImagesChina's Foreign Minister Wang Yi said the "road to the San Francisco summit will not be a smooth one," the foreign ministry said on Sunday, in a reference to an expected meeting between President Xi Jinping and U.S. President Joe Biden. He was speaking after a discussion with members of the U.S. strategic community in Washington, the ministry said. Last month, China's top security agency suggested any Xi-Biden meeting in San Francisco hinged on the U.S. "showing sufficient sincerity". Washington and Beijing must put into practice the consensus achieved then, "remove interference, overcome obstacles, enhance consensus and gather outcomes," Wang said.

Persons: Joe Biden, Xi Jinping, Saul Loeb, Wang Yi, Wang, Biden, Xi Organizations: Economic Cooperation, Afp, Getty, China's, San, U.S Locations: Asia, San Francisco, Washington, China, U.S, Bali, Taiwan, Beijing

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