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☆ China's Premier Li Qiang will attend ASEAN summit - foreign ministry
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: 1 min

Chinese Premier Li Qiang attends a meeting with U.S. Special Presidential Envoy for Climate John Kerry (not pictured) at the Great Hall of the People in Beijing, China July 18, 2023. REUTERS/Florence Lo/Pool/File Photo Acquire Licensing RightsBEIJING, Sept 1 (Reuters) - China's Premier Li Qiang will attend a summit of the Association of Southeast Asian Nations (ASEAN) being held Sept. 5-8, the Chinese foreign ministry said on Friday. While at the summit, Li will attend several meetings, including the East Asia Summit and a key meeting that includes Japan and South Korea. Reporting by Beijing newsroom; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, John Kerry, Florence Lo, Li, Christian Schmollinger Organizations: U.S, of, People, REUTERS, Rights, Association of Southeast Asian Nations, East Asia Summit, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Japan, South Korea

☆ US commerce chief meets Chinese premier in Beijing
▼ + stars: | 2023-08-29 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

[1/3] U.S. Commerce Secretary Gina Raimondo and Chinese Vice Premier He Lifeng head to their seats for a meeting at the Great Hall of the People in Beijing, China, Tuesday, August, 29, 2023. Andy Wong/Pool via REUTERS/ Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - U.S. Commerce Secretary Gina Raimondo met China's Premier Li Qiang in Beijing on Tuesday, her second full day of talks with top Chinese leaders on balancing business ties and national security concerns. Earlier on Tuesday, Raimondo told China's economy tsar and her direct counterpart, He Lifeng, that the U.S. does not seek to decouple from its geopolitical rival. A confidant of President Xi Jinping, He took up the post of China's economy tsar in March, having earlier run the powerful state planner. Such an exchange offered a platform to reduce misunderstandings of U.S. national security policies, Raimondo said on Monday, but added, "We are not compromising or negotiating on matters of national security.

Persons: Gina Raimondo, Andy Wong, China's, Li Qiang, Raimondo, Biden, Xi Jinping, Liu, Hu Hepin, Walt Disney, Matthew Axelrod, Xie Feng, Wang Wentao, Xie, Wang, David Shepardson, Joe Cash, Clarence Fernandez Organizations: . Commerce, of, People, REUTERS, Rights, Harvard, U.S . Tourism Leadership Summit, Commerce Department, United, Walt, Shendi, Twitter, Intel, Micron, Thomson Locations: Beijing, China, Rights BEIJING, U.S, Seattle, United States, Shanghai, Washington

☆ CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed
▼ + stars: | 2023-08-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

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 Fed's still worriedFederal Reserve officials are still worried that inflation could rise again, which would necessitate more interest rate hikes, according to minutes from the July meeting. Weaker demand from China caused exports to the country to plunge 13.4%, the eighth consecutive monthly decline. CNBC Pro analyzed sales data and came up with a list of companies that rely significantly on China for their venue.

Persons: Australia's, Li Qiang, Li, it's Organizations: CNBC, Federal, Federal Reserve, China's State, Export, CNBC Pro Locations: Asia, Pacific, China's, China, Japan

☆ China's premier says country will work to achieve growth targets
▼ + stars: | 2023-08-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese Premier Li Qiang, (R) speaks during a meeting with Asian Development Bank (ADB) President Masatsugu Asakawa (not pictured) at the Great Hall of the People on July 11, 2023, in Beijing, China. BEIJING — China's Premier Li Qiang said Wednesday the country would work to achieve its economic targets for the year, according to an official readout. Li is head of China's State Council, the country's top executive body. During the meeting, Li called for expanding domestic demand and boosting consumption. He also said efforts should be made to "organically combine" security with development — in the context of promoting business overall.

Persons: Li Qiang, Masatsugu Asakawa, Li Organizations: Asian Development Bank, of, BEIJING —, China's State Council Locations: Beijing, China, BEIJING

☆ China targeting German tech 'through back door' with licences: report
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

(Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. The study conducted by the IW economic institute, analysing Bundesbank data on behalf of the newspaper, found German licence revenues from China more than tripled in 2022 compared to 2014. Compared with 2020, the increase was about half. "There is a clear early indication that Chinese companies are looking for a new way to get access to German technology," said Juergen Matthes, head of IW's global and regional markets research unit. Tech licences are one way for China to try to get in "through the back door", he told Reuters.

Persons: John MACDOUGALL, JOHN MACDOUGALL, Juergen Matthes Organizations: AFP, Getty Images, Tech, Reuters Locations: Berlin, Germany, China, Russia

☆ Kerry upholds U.S.-China ‘stability’ in symbolic Beijing visit
▼ + stars: | 2023-07-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Climate Envoy John Kerry and China's Premier Li Qiang attend a meeting at the Great Hall of the People in Beijing on July 18, 2023. Florence Lo | Afp | Getty ImagesBEIJING — In the third high-level U.S. official visit to China in about a month, U.S. special envoy for climate John Kerry emphasized efforts to stabilize the bilateral relationship. John Kerry Chinese premierThe world faces great "challenges" in responding to climate change, Li said. Earlier on Tuesday, Kerry also emphasized stability in his meeting with China's top diplomat, Wang Yi. "Biden is very committed to stability within this relationship and also to achieve efforts together, that can make a significant difference in the world," Kerry said.

Persons: John Kerry, Li Qiang, Florence Lo, Biden, Xi, Kerry, Premier Li Qiang, Li, Janet Yellen, Antony Blinken, Xi Jinping, Blinken's, Wang Yi, Nancy Pelosi, Wang Organizations: Climate, of, People, Afp, Getty, Premier, U.S, Treasury, CNBC Locations: Beijing, BEIJING, China, UAE, U.S, United States, Taiwan

☆ Germany urges companies to 'de-risk' from China, emphasizes it is not seeking a decoupling
▼ + stars: | 2023-07-14 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Germany said there is an urgent need for companies to de-risk from China, while "not pursuing a decoupling" of economies. "For Germany, China remains a partner, a competitor, a systemic rival. The minister was presenting the country's strategy on China and explaining how the country plans to protect its interests. "China's economic strategy aims to make it less dependent on other countries, while making international production chains more dependent on China," the foreign ministry said in a 64-page report published Thursday. "In terms of foreign policy, China is pursuing its own interests far more assertively and is attempting in various ways to reshape the existing rules‑ based international order.

Persons: Olaf Scholz, Li Qiang, Annalena Baerbock Organizations: Mercator Institute for China Studies Locations: Berlin, Germany, China, Europe

☆ Solomon Islands says Chinese police to assist cyber and community security
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: +1 min

Solomon Islands has denied suggestions by Australia and others its policing deal with Beijing is "a threat to the Pacific region peace" and says China will enhance the capability of its 1,500 police officers in cyber security and community policing. Chinese and Solomon Islands police ministers met on Tuesday, pledging to "promote China's police and law enforcement co-operation to a new level," Chinese media reported. In a statement on Friday, Sogavare's office said the Pacific Islands nation was broadening its security partnerships, and the Chinese police will add to the existing Australia and New Zealand policing support. Solomon Islands cooperation with China and all partners are based on the principles of equality and respect for sovereignty and territorial integrity," it said. Australia and New Zealand say Pacific security needs should be met within the region.

Persons: Manasseh Sogavare, Li Qiang, Solomon Islands, Sogavare's, Solomon, Penny Wong, Wang Yi Organizations: of, People, Solomon Islands, Australia's Locations: Solomon, Beijing, Australia, Pacific, China, U.S, New Zealand, Solomon Islands, Jakarta

Yellen is due to meet with Chinese Vice Premier He Lifeng -- her direct counterpart as China's top economic official -- on Saturday, a U.S. Treasury official said. MARKET REFORMSYellen also took aim at China's planned economy, urging Beijing to return to more market-oriented practices that had underpinned its rapid growth in past years. "A shift toward market reforms would be in China's interests," she told the AmCham event. Yellen dismissed the idea of decoupling the U.S. and Chinese economies, nothing that China's enormous and growing middle-class provided a big market for American goods and services. A Treasury official said the vibrant U.S. business community in China was "a living embodiment that we are not decoupling."

Persons: Yellen, Li, Janet Yellen, Li Qiang, Washington, Liu He, Xi Jinping, Yi Gang, Mark Schiefelbein, Yellen's, Michael Hart, BIDEN, Joe Biden, Xi, Antony Blinken, John Kerry, Andrea Shalal, Joe Cash, David Lawder, Catherine Evans, Heather Timmons, Alistair Bell Organizations: China, . Treasury, U.S, Treasury, American Chamber of Commerce, of, People, REUTERS U.S, Economic Cooperation, Thomson Locations: U.S, BEIJING, China, Beijing, United States, Washington, New Delhi, Asia, San Francisco, Ukraine

[1/6] U.S. Treasury Secretary Janet Yellen arrives at Beijing Capital International Airport in Beijing, China, Thursday, July 6, 2023. Both sides are sceptical that Yellen's visit will be able to take much heat out of U.S.-China ties, however, with officials accepting that both countries have placed safeguarding national security above economic ties. Yellen will address "unfair" practices by China, including recent punitive actions against U.S. firms and market access barriers, the official added. On Friday she will meet China's Premier Li Qiang and former economy tsar Liu He, who is widely seen as a close confidant of President Xi Jinping. They come ahead of a possible meeting between President Joe Biden and Xi at the Asia-Pacific Economic Cooperation gathering scheduled for November in San Francisco.

Persons: Janet Yellen, Mark Schiefelbein, Yellen, Nicholas Burns, Li Qiang, Liu He, Xi Jinping, Wang Huiyao, Yellen's, Zhu Feng, Xie Feng, Trump, Wu Xinbo, Antony Blinken, Joe Biden, Xi, Yew Lun Tian, Andrea Shalal, Joe Cash, Clarence Fernandez Organizations: . Treasury, Beijing Capital International Airport, REUTERS, U.S, Center for, Nanjing University, Global Times, Fudan University, Economic Cooperation, Thomson Locations: Beijing, China, REUTERS BEIJING, U.S, Center for China, United States, Russia, Washington, Asia, San Francisco

The non-manufacturing PMI fell to 53.2 from 54.50 in May, indicating a slowdown in service sector activity and construction. Nomura has been the most bearish, cutting its forecast for growth in China's gross domestic product (GDP) this year to 5.1% from 5.5%. "This indicates the urgent need for a more powerful package of policy measures... to ensure the annual growth targets," he added. The government has set a modest GDP growth target of about 5% for this year after badly missing its 2022 goal. China's cabinet this month pledged to promote a sustained economic recovery "in a timely manner".

Persons: Rob Carnell, Julian Evans, Pritchard, Nomura, Bruce Pang, Jones Lang LaSalle, Li Qiang, ING's Carnell, Joe Cash, Sam Holmes Organizations: . Services, National Bureau, Statistics, ING, Capital Economics, PMI, Jones, Reuters, Thomson Locations: BEIJING, China, Asia, Pacific, Tianjin, Beijing

BEIJING, June 30 (Reuters) - China's manufacturing activity contracted for a third straight month in June, albeit at a slower pace, an official factory survey showed on Friday, as pressure builds for policymakers to release more stimulus to shore up weak demand. "Economic momentum is still quite weak in China," said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management in a note. "It is not clear if the weak economic data would push the government to launch aggressive stimulus measures soon," he added. The official non-manufacturing PMI fell to 53.2 from 54.50 in May, indicating a slowdown in service sector activity and construction. The composite PMI, which includes both manufacturing and non-manufacturing activity, dropped to 52.3 from 52.9.

Persons: Zhiwei Zhang, Nomura, Li Qiang, Joe Cash, Sam Holmes Organizations: . Services, National Bureau, Statistics, Reuters, PMI, Thomson Locations: BEIJING, China, Tianjin, Beijing

[1/2] A worker works on a production line at a factory of a ship equipments manufacturer, in Nantong, Jiangsu province, China March 2, 2020. China Daily via REUTERSBEIJING, June 29 (Reuters) - China's factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus to counter weak demand at home and abroad. An index reading above 50 indicates expansion activity on a monthly basis and a reading below indicates contraction. The government has set a modest GDP growth target of about 5% for this year after badly missing its 2022 goal. The highest reading in the poll was 49.7, still short of breaking into expansion territory, while the lowest reading was 48.0.

Persons: Nomura, Li Qiang, Joe Cash, Madhumita Gokhale, Anant Chandak, Simon Cameron, Moore Organizations: REUTERS, PMI, Thomson Locations: Nantong, Jiangsu province, China, REUTERS BEIJING, Tianjin, Bengaluru

The pan-European STOXX 600 index (.STOXX) closed 0.1% higher, snapping its six-day losing streak. "Markets are expecting either the data to improve from China or stimulus to increase from the government. "This realization is dawning among investors yet again, that the inflationary fight is far from over." The healthcare sector has been declining in recent weeks and is down nearly 2.9% so far this month. Reporting by Amruta Khandekar, Siddarth S and Matteo Allievi in Gdansk; Editing by Rashmi Aich, Sonia Cheema, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: ECB's Lagarde, Christine Lagarde, Li Qiang, Giles Coghlan, Susannah Streeter, Hargreaves Lansdown, Streeter, Goldman Sachs, Amruta Khandekar, Siddarth, Matteo Allievi, Rashmi Aich, Sonia Cheema, William Maclean Organizations: European Central Bank, HSBC, Prudential Plc, Hargreaves, Siemens Energy, Thomson Locations: China, Russia, U.S, Gdansk

☆ European shares rise as China optimism lifts miners
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

June 27 (Reuters) - European shares rose on Tuesday as miners gained after hopes of more policy support from China lifted metal prices, while shares of JD Sports dipped even after the British retailer stuck to its profit forecast. The pan-European STOXX 600 index (.STOXX) was up 0.5% by 0813 GMT, after falling for six sessions in a row. China's Premier Li Qiang said the country's economic growth in the second quarter would be higher than the first and was expected to reach the annual economic growth target of around 5%. JD Sports Fashion (JD.L), however, fell 4.1% to the bottom of the STOXX 600 after the company flagged some softening in trade in its North American business in June. Reporting by Amruta Khandekar; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Christine Lagarde, Amruta Khandekar, Rashmi Organizations: JD Sports, Miners, Prudential Plc, European Central Bank, Thomson Locations: China, Sintra

☆ Volkswagen China chief asks China's premier Li for clarity on data transfers
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 27 (Reuters) - Volkswagen's (VOWG_p.DE) head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country's Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions. "As a globalized industry, the transformation of the automotive sector highly depends on international exchange of personnel, data and knowledge. We therefore need more clarity on cross-border data transfers," executive Ralf Brandstaetter said, according to a copy of the speech held at a World Economic Forum meeting in Tianjin. "What are the major considerations of China, and how China will cooperate with Europe in this regard?" SAIC Volkswagen Automotive Co joined in the price war in March, offering 3.7 billion yuan ($512.52 million) in cash subsidies for car purchases in China.

Persons: Li Qiang, Ralf Brandstaetter, Brandstaetter, Victoria Waldersee, Matthias Williams Organizations: Volkswagen, Qualcomm, Horizon Robotics, Tesla, SAIC Volkswagen Automotive Co, Thomson Locations: BERLIN, China, Europe, Tianjin, North America, Italian, Hefei

☆ China's growth to be higher in Q2, projected to hit annual 5% target - Premier Li
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

TIANJIN, China, June 27 (Reuters) - China's economic growth in the second quarter will be higher than the first and was projected to reach the annual economic growth target of around 5%, China's Premier Li Qiang told delegates at the World Economic Forum in Tianjin on Tuesday. However, analysts are now downgrading their economic growth forecasts for China for the rest of the year. The pandemic is unlikely to be the last public health crisis the world faces, Li said, adding that it will be over and visible and invisible barriers will disappear. The trend of globalisation remains intact despite some setbacks, said the Chinese premier, reiterating a key theme of his since taking up his post that China remains open for business and welcomes foreign investors. Reporting by Kevin Yao; Writing by Joe Cash; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Kevin Yao, Joe Cash, Michael Perry Organizations: China's, Economic, Thomson Locations: TIANJIN, China, Tianjin, Beijing

☆ Globalisation remains intact despite some setbacks - China Premier Li
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: 1 min

TIANJIN, June 27 (Reuters) - China's Premier Li Qiang told delegates that globalisation remains intact despite some setbacks at a World Economic Forum summit in Tianjin on Tuesday. The pandemic is unlikely to be the last public health crisis for the world, Li added. Reporting by Kevin Yao; Writing by Joe Cash; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Kevin Yao, Joe Cash, Kim Coghill Organizations: Thomson Locations: TIANJIN, Tianjin

☆ The China dilemma: Europe wants a new relationship with Beijing but is wary of retaliation
▼ + stars: | 2023-06-23 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

John Macdougall | Afp | Getty ImagesEurope is charting a new way forward for its relations with China, but officials in the region say they are wary about the risk of retaliation if they get it wrong. There has been growing momentum behind the idea of de-risking from China. At a G7 meeting in late May, both the U.S. and Europe agreed to reduce their dependency on Beijing — rather than completely cut ties. Policymakers in Europe, meanwhile, have taken a more cautious approach — aware of how important the Chinese market is for its domestic companies. watch nowThe whole bloc is figuring out what de-risking from China means.

Persons: Li Qiang, Olaf Scholz, John Macdougall, Ursula von der Leyen Organizations: Afp, Getty, U.S, CNBC, EU, European Commission Locations: China, Europe, Beijing, U.S, EU, Brussels

WHAT IS THE COMMON FRAMEWORK? The Common Framework requires debtor countries to secure restructuring assurances from any bilateral lenders first and commercial and multilateral lenders second - to Beijing's dismay. "We call on multilateral financial institutions and commercial lenders, who are the main creditors for developing countries, to participate in developing countries' debt relief efforts," Mao said. In Paris, analysts expect China to continue to voice support for the Common Framework but for debt relief to be dispensed "case-by-case". The last time global policymakers met to discuss the Common Framework in Washington, China proposed the IMF should speed up and improve information sharing on debt sustainability analyses.

Persons: Li Qiang, acceding, Yi Gang, Mao Ning, Mao, Qin Gang, Sri, Wang Wenbin, Joe Cash, Ryan Woo, Shri Navaratnam Organizations: Paris Club, International Monetary Fund, Bank, IMF, World Bank, Foreign Ministry, China's, France, Thomson Locations: Paris, China, Zambia, Chad, Ethiopia, Ghana, United States, U.S, Beijing, Washington, CHINA, Addis Ababa, Japan, India, France, Sri Lanka's

☆ Dollar finds footing on housing data as yuan falters
▼ + stars: | 2023-06-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

SummarySummary Companies U.S. housing starts surge; dollar drifts higherTraders await UK CPI and Powell testimonySINGAPORE, June 21 (Reuters) - The U.S. dollar was firm in Asia trade on Wednesday following surprisingly strong U.S. housing data, while the yuan and Aussie dollar nursed losses and focus turned to Federal Reserve Chair Jerome Powell's appearance before Congress later in the day. The yen was also firm at 140.50 per dollar ahead of an appearance by Bank of Japan Governor Kazuo Ueda on Wednesday. The Aussie and yuan were Tuesday's largest losers and were in no mood for a bounce early on Wednesday. The yuan fell about 0.3% overnight and in offshore trade early on Wednesday the currency was pinned at 7.1826 per dollar, near a seven-month low. It is under pressure after the central bank flagged it was finished with hikes, while data showed the economy in recession.

Persons: Powell, Jerome Powell's, they'd, Kazuo Ueda, Li Qiang, Tuesday's, Joe Capurso, steadying, Mieneke Perniskie, Sterling, Daniela Hathorn, Bitcoin, Citadel Securites, Charles Schwab, Tom Westbrook Organizations: CPI, U.S, Federal, Traders, Bank of Japan, Commonwealth Bank of Australia, New Zealand, Bank of England, Fidelity, Citadel, Thomson Locations: SINGAPORE, Asia, China, Europe, Kiwibank, Wellington

☆ German businesses are searching for alternatives to China, advisor says
▼ + stars: | 2023-06-20 | 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 EmailGerman businesses are searching for alternatives to China, advisor saysSpeaking as Chancellor Olaf Scholz met with China's Premier Li Qiang, Eberhard Sandschneider, partner at advisory firm Berlin Global Advisors, says it is in the interests of German industry to maintain good relations with China.

Persons: Olaf Scholz, China's Premier Li Qiang, Eberhard Sandschneider Organizations: China's Premier, Global Advisors Locations: China

☆ China's Premier Li to visit Germany, France June 18-23
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

BEIJING, June 15 (Reuters) - China's Premier Li Qiang will visit Germany and France from June 18 to 23, the foreign ministry said on Thursday. Li will hold the seventh round of China-Germany inter-governmental consultation, and attend the Summit for a New Global Financing Pact in France, ministry spokesperson Wang Wenbin said at a regular news conference. Reporting by Beijing Newsroom; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Wang Wenbin, Jason Neely Organizations: Global, Beijing, Thomson Locations: BEIJING, Germany, France, China

[1/4] Chinese Premier Li Qiang and Eritrean President Isaias Afwerki shake hands as they attend a meeting at the Great Hall of the People in Beijing, China May 15, 2023. REUTERS/Florence Lo/PoolBEIJING, May 15 (Reuters) - China's Premier Li Qiang told visiting Eritrean President Isaias Afwerki on Monday their countries should "deepen mutually beneficial win-win cooperation and continuously enrich their strategic partnership" at a meeting in Beijing. Eritrea also shares a border with Djibouti, where China's People's Liberation Army set up its first overseas military base in 2017. The "marginalised continent of Africa and the rest of the world will heavily defend and expect more contributions from the People's Republic of China," Afwerki said. Reporting by Joe Cash; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

OTTAWA, May 9 (Reuters) - Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. "We understand there is retaliation, but we will not be intimidated, we will continue to do everything necessary to keep Canadians protected from foreign interference," Trudeau told reporters in Ottawa. China "took a very measured response," Guy Saint-Jacques, a former Canadian ambassador to China, said in an interview aired on the Canadian Broadcasting Corp. Beijing is conducting a "charm offensive (to) convince foreign enterprises to come back to China to invest," Saint-Jacques added. "So putting sanctions on Canada at this stage would have sent a very bad message to foreign companies."

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