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☆ Fitness gym collapse kills 3 in China's Heilongjiang province
▼ + stars: | 2023-11-07 | by ( Bernard Orr | Thomson Reuters | Bernard Orr Is A Veteran Journalist With Over Years Of Experience. He Reports On Breaking News Mainland China | ) www.reuters.com time to read: +2 min

BEIJING, Nov 7 (Reuters) - Three people were killed and one injured after a structural collapse at a fitness club in northeast China's Heilongjiang province, local officials said on Tuesday. According to a local resident, the collapsed gymnasium is a basketball arena where youth basketball training is held, Global Times reported late Monday. The venue where the accident occurred belongs to the New Sunshine Fitness Club in Huanan County, according to the county government. 34 Middle School gymnasium collapsed in July," said a netizen on China's Weibo social media platform. Another gymnasium collapse occurred in three months."

Persons: Bernard Orr, Ella Cao, Gerry Doyle Organizations: Government, Global Times, Sunshine Fitness, New Sunshine, Authorities, Weibo, Thomson Locations: BEIJING, China's Heilongjiang, Jiamusi city, Huanan County, Shanghai, New, Heilongjiang, China's Qiqihar

☆ High bond yields challenge “Pax Americana”
▼ + stars: | 2023-11-06 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

There are also many reasons why “Pax Americana” – the period of U.S. dominance since World War Two - is under stress. The combination of high bond yields with a large fiscal deficit and rising sovereign debt is making it harder for politicians to govern the country. If anything, they may have a tougher job to make their fiscal maths add up than the United States because their growth prospects are not as rosy. What’s more, the near-record yield gap with the United States is bringing its own headaches by putting downward pressure on the yuan. These are consolations for the United States as it grapples with the geopolitical consequences of high interest rates.

Persons: Joe Biden, Kevin Lamarque, Joe Biden’s, doesn’t, Liz Truss, haven’t, Paul Tucker, “, Fitch, Peter Thal Larsen, Thomas Shum Organizations: Air Force, Joint Base Andrews, REUTERS, Reuters, Federal Reserve, International Monetary Fund, Bank of England, AAA, AA, United, Bank for International, Initiative, Thomson Locations: Lewiston , Maine, Joint Base Andrews , Maryland, U.S, Israel, Ukraine, China, United States, Europe, Asia, Russia, Britain, Washington, Republic

☆ China suffers its first foreign investment deficit as US tensions and anti-spying laws spark a western exodus
▼ + stars: | 2023-11-06 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

China just posted a quarterly foreign investment deficit for the first time. Officials have released foreign direct investment figures each quarter for the past 25 years – and it's the first time the gauge has turned negative, Reuters reported. The deficit suggests that western countries and companies are shunning China with Sino-US tensions steadily rising and new anti-spying laws spooking international investors. Analysts flagged that clampdown as one factor driving the decline in foreign direct investment. The foreign direct investment deficit is far from the only economic headache that Beijing faces.

Persons: China's, —, Joe Biden, Duncan Wrigley, Mark Mobius, he'd Organizations: Service, State Administration of Foreign, Reuters, Analysts, Macroeconomics, Bloomberg, " International, Micron, Bain, Co Locations: China, Beijing, Shanghai

BEIJING, Nov 6 (Reuters) - Unseasonably cold weather and blizzards hit northeast China on Monday, forcing hundreds of flights to be rescheduled and closing schools as several cities issued heightened weather alerts and warned people to stay indoors. China's weather authority warned of a drastic drop in temperature in coming days, along with blizzards, anticipated to substantially affect several cities, state media reported. Provinces and cities upgraded weather response protocols as heavy snowfall is expected in parts of Inner Mongolia, and Hebei, Jilin and Liaoning provinces, China Daily reported. Chinese weather forecasters kept orange alerts for blizzards in several areas, while China's National Meteorological Center issued an orange alert for blizzards and a blue alert for cold waves and strong wind, Global Times reported. China has a four-tier colour-coded weather alert system, with red the highest, followed by orange, yellow and blue.

Persons: Bernard Orr, Ella Cao, Raju Gopalakrishnan Organizations: Harbin Taiping International Airport, China Daily, Central Meteorological Observatory, Meteorological Center, Global Times, Central Meteorological Administration, Thomson Locations: BEIJING, China, Heilongjiang, Harbin, Jilin, Liaoning, Mongolia, Weibo, Provinces, Inner Mongolia, Hebei, Beijing, Tianjin, Shanghai

☆ The winning trading method pros use — where the Fed and the economy don't matter
▼ + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Merger Arbitrage hedge funds gained 4.4% in the third quarter, standing out as the best-performing strategy for the period, beating every category in event-driven, equity, macro and value funds, according to Hedge Fund Research . "The merger arbitrage strategy has historically thrived in a rising interest rate environment when an investor's fixed income portfolio may have suffered losses," said Michael Peck, co-chief investment officer at First Trust. As the proposed deal nears completion, the target's stock typically rises and the acquirer's shares fall. This short-term trading strategy often utilized by fast-money hedge funds typically involves multiple long and short positions, and might be too sophisticated for the average individual investor. The First Trust Merger Arbitrage ETF (MARB) and the IQ Merger Arbitrage ETF (MNA) are two popular ones that capitalize on the technique.

Persons: Bill Gross, Pimco, Michael Peck, Michael Kors, Jimmy Choo, there's, Gross, Broadcom's, Warren Buffett Organizations: Fund Research, First Trust, Gross, Activision Blizzard, Microsoft, Capri Holdings, Capri, VMware, Broadcom, Activision

☆ China could strike far more than just flattops with its growing arsenal of 'carrier-killer' missiles, defense expert says
▼ + stars: | 2023-10-23 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

In the update, the Pentagon assesses China bolstered its missile stockpiles, specifically its DF-26 supply. The report shows that in 2022, China increased the number of intermediate-range ballistic missiles from 300 in 2021 to 500. "Numbers like that could change the DF-26 from a 'carrier killer' to just a 'ship killer,'" he said. The Pentagon said that in 2020 China "fired anti-ship ballistic missiles against a moving target in the South China Sea, but has not acknowledged doing so." DF-26 missiles attend the military parade in Beijing, capital of China, Sept. 3, 2015.

Persons: —, Theodore Roosevelt, I've, Tom Shugart, who's, Shugart Organizations: US Department of Defense, China, Pentagon, Service, China's, People's Liberation Army Rocket Force, titans, U.S . Navy, Getty, US, Center, New, New American Security, US Navy, Western Pacific, PLA Locations: China, Republic, Guam, New American, South China, Ruoqiang, South, Western, Taiwan, Japan, Beijing, Xinhua

[1/2] Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsOct 20 (Reuters) - As China moved to control some exports of key battery mineral graphite on Friday, miners elsewhere face a race against time to bring new projects to fruition to secure supplies for the next generation of electric vehicles. To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of the battery inputs. "We see China's move as a potential catalyst to highlight the urgency of improving domestic graphite supply," said John DeMaio, president of Graphex's graphene division. "We've aligned ourselves with several graphite miners outside of China.

Persons: Fabian Bimmer, Hugues Jacquemin, China's, John DeMaio, DeMaio, Stefan Bernstein, Graphite's Jacquemin, Shishir Poddar, Nelson Banya, Clara Denina, Divya Rajagopal, Ernest Scheyder, Veronica Brown, Elaine Hardcastle Organizations: Volkswagen, REUTERS, Graphex, HK, EV, GreenRoc, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, Greenland, Northern, Tirupati, Madagascar, Mozambique

WASHINGTON (AP) — The United States is welcomed in the Indo-Pacific region and needs to update its approach to have stronger presence there to counter China's influence, said the top American diplomat to Tokyo. “The region wants all of America, not just part of America, economically, militarily, diplomatically, politically,” Emanuel said. “Because they know, an untethered China is a real risk to them, and they need America, all of America, its presence." In August, President Joe Biden formed a trilateral partnership with Japan and South Korea in Camp David over shared security challenges posed by North Korea and China. At the Asia Society Policy Institute, Emanuel called the partnership “a seismic shift in the plates in the Indo-Pacific".

Persons: Rahm Emanuel, ” Emanuel, Daniel Russel, Wang Yi, ” Wang, Joe Biden, Camp David, Emanuel, “, ”, Russel Organizations: WASHINGTON, Asia Society Policy, U.S, East China, Washington, China, North, Asia Society Policy Institute Locations: United States, American, Tokyo, New York, U.S, Japan, China, America, South, East, Taiwan, Beijing, South Korea, Qingdao, Camp, North Korea

☆ Here are Thursday's biggest analyst calls: Tesla, Netflix, Best Buy, Amazon, First Solar, Disney & more
▼ + stars: | 2023-10-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

"Based on our analysis, we see FIS as undervalued at 9x '24 P/E and upgrade to Overweight from Equal Weight." "We upgrade shares of KTB to Buy from Neutral and see 22% upside to our new $56, 12-month price target. Goldman Sachs upgrades Best Buy to buy from neutral Goldman said it sees multiple expansion for the electronic retailer. Can a 'growth stock' work if earnings don't grow in 2024? JPMorgan upgrades First Solar to overweight from equal weight JPMorgan said it sees an attractive entry point for the solar company.

Persons: Goldman Sachs, Goldman, Lee, Morgan Stanley, Tesla, Oppenheimer, it's bullish, Jefferies, CrowdStrike, we've, outperforming ytd, Bernstein, Disney, Wells Organizations: Street, Barclays, Fidelity National Information Services, Brands, Nike, Netflix, Disney, ESPN, Citi, Microsoft, UW, NA, Deutsche Bank, Starbucks, Deutsche, Bank of America, of America, JPMorgan Locations: destocking, Mexico, Wells Fargo, China, OW, Aptiv

☆ With a trove of declassified images, the US is shining a light on risky Chinese maneuvers it says could lead to war
▼ + stars: | 2023-10-18 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US has released a trove of declassified photos and videos of Chinese intercepts of US aircraft. Risky intercepts have caused accidents before, and there's growing fear an accident now could lead to war. AdvertisementAdvertisementA Chinese jet during "a coercive and risky" intercept of US plane over the East China Sea in April 2022. AdvertisementAdvertisementA Chinese jet during "a coercive and risky" intercept of a US plane over the South China Sea in June 2022. A Chinese jet conducting "a coercive and risky" intercept of a US plane over the South China Sea in January 2022.

Persons: —, Ely Ratner, That's, Ratner, Iain Huddleston, John Aquilino, Aquilino, Liu Pengyu, Liu, Lloyd Austin, I've, Michael Chase, Chase, Amanda Hsiao, Hsiao, Xi Jinping Organizations: US, Service, US Defense Department, US Air Force, Pacific Command, Pentagon, PLA, Canadian, Canadian Air Division, Canadian NORAD, People's Liberation Army, Embassy, Washington DC, Southern Theater, Maritime, US Defense Department Experts, China, Crisis, US Defense Department China, South China Locations: China, East China, North Korea, South, East, Washington, Beijing

TOKYO (AP) — Japan criticized Russia's announcement that it's joining China in banning the imports of Japanese seafood in response to the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant. China immediately banned all imports of Japanese seafood the day the release began in August, badly hurting Japanese seafood producers and exporters. The Japanese Foreign Ministry said its senior officials notified the Russian Embassy in Tokyo that Japan has been providing transparent and scientific explanations about safety of the treated water release from the Fukushima plant and Japanese seafood. “Japan continues to seek actions based on science.”The plant’s first wastewater release began Aug. 24 and ended Sept. 11. During that release, TEPCO said it discharged 7,800 tons of treated water from 10 tanks.

Persons: —, ”, “ Organizations: TOKYO, Japanese Foreign Ministry, Russian Embassy, TEPCO, International Atomic Energy Agency Locations: — Japan, China, Russia, South Korea, Russian, Tokyo, Japan, “ Japan, Canada

☆ U.S. tackles loopholes in curbs on AI chip exports to China
▼ + stars: | 2023-10-16 | by ( ) www.cnbc.com time to read: +4 min

The latest crackdown on tech exports to China coincides with U.S. efforts to thaw difficult relations between the world's two largest economies. One, named the H800, has as much computing power at some settings used in AI work as the company's more powerful but blocked H100 chip. The U.S. now plans to introduce new guidelines for AI chips that will restrict certain advanced datacenter AI chips that are not currently captured, the U.S. official said. In order to keep AI chips the U.S. views as too powerful from China, the official said the U.S. planned to remove one of the parameters — the "bandwidth parameter" — it has used to restrict exports of certain AI data center chips. This would likely mean the speed at which AI chips talk to each other would be reduced.

Persons: Qilai Shen, Biden Organizations: Bitmain Technologies, Artificial Intelligence, Bloomberg, Getty, U.S, Reuters, U.S . Department of Commerce, Nvidia, The, Commerce Department Locations: Shanghai, China, Beijing, United States, Washington, The U.S, Santa Clara , California, U.S

☆ Taiwan Sets up Task Force to Study Israel-Hamas War
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

Chiu, asked by reporters at parliament about what lessons Taiwan has learned from Israel's conflict with Palestinian Hamas militants, said the ministry had set up a task force to monitor the situation. Taiwan holds presidential and parliamentary elections in January, which the main opposition party, the Kuomintang (KMT), has cast as a choice between war and peace. The KMT has accused the ruling Democratic Progressive Party (DPP) of taking Taiwan to the brink of war by intentionally provoking China, which it strongly denies. Senior DPP lawmaker Wang Ting-yu, responding on his Facebook page, criticised the KMT for not condemning China and its threats against Taiwan. Israel is an even smaller nation than Taiwan and likewise lives under constant threat," he told an audience that included Taiwan Foreign Minister Joseph Wu.

Persons: Yimou Lee, Ben Blanchard, Chiu Kuo, cheng, heightening, Chiu, Tsai Ing, Eric Chu, Chu, Wang Ting, Wang, Tsai, Scott Morrison, Joseph Wu, Gerry Doyle Organizations: Defence, Taiwan, Kuomintang, KMT, Democratic Progressive Party, Sunday, Beijing, Taiwan Foreign, Stockholm International Peace Research Institute Locations: Ben Blanchard TAIPEI, Taiwan, Israel, China, Beijing, Hamas, Palestinian, Australian, Taipei, Stockholm

☆ Peak China may pose peak danger
▼ + stars: | 2023-10-02 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

For example, last week it installed a floating barrier by a rocky outcrop in the South China Sea claimed by the Philippines - which Manila promptly removed. A war between the United States and China still seems unlikely - because both sides know that the economic and human costs of a clash could be catastrophic. The United States and its Western allies are also worried that China could browbeat Japan and South Korea, two nations economically important to them. Meanwhile, the United States and other allies are imposing controls on the export of technology such as advanced chips to the People’s Republic. What’s more, the United States is finding it hard to maintain an emollient message.

Persons: Kim Kyung, Joe Biden, Xi Jinping “, Biden, Victor Sebestyen, Xi, Michael Beckley, Beckley, Hal Brands, Vladimir Putin, ”, Donald Trump, Goldman Sachs, Tufts ’ Beckley, Una Galani, Streisand Neto Organizations: People's Bank of China, REUTERS, Reuters, Austro, South China, Beijing, Tufts University, Washington, San, Economic Cooperation, Tufts, Thomson Locations: Beijing, CHINA, Greece, China, Vietnam, U.S, Taiwan, United States, Germany, France, British, Ottoman Empire, Hungarian Empire, Ukraine, South China, South, Philippines, Manila, China’s, India, People’s Republic, Japan, South Korea, America, Pacific, Washington, Hanoi, San Francisco, Asia, Taiwan Strait

☆ Russia mulls joining China in banning Japanese seafood imports
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Japan started releasing the water from the plant into the ocean last month, drawing strong criticism from China. Russia is one of the biggest marine product suppliers to China and is seeking to increase its market share. "Taking into account the possible risks of radiation contamination of products, Rosselkhoznadzor is considering the possibility of joining with Chinese restrictions on supplies of fish products from Japan," Rosselkhoznadzor said in a statement. So far this year, Russia has imported 118 tonnes of Japanese seafood, the regulator said. Japan will scrutinise Tuesday's announcement by Russia, the top Japanese government spokesperson Hirokazu Matsuno said on Wednesday.

Persons: Kim Kyung, Rosselkhoznadzor, Hirokazu Matsuno, Matsuno, Alexander Marrow, Olga Popova, Katya Golubkova, Bernadette Baum, Gerry Doyle Organizations: Food, REUTERS, China, Japan, International Atomic Energy Agency, IAEA, Japan's Ministry, Environment, Thomson Locations: Soma, Fukushima Prefecture, Japan, Russia, Moscow, Russian, China, South Korea, Tokyo

Investors at six large asset managers - Pictet, BNP Paribas Asset Management, Janus Henderson, J.P. Morgan Asset Management, Invesco and RBC - told Reuters they have neither reduced nor added to their China weighting following recent measures to support the economy. "While the overall picture is grim, bearishness around Chinese equities may have reached a local peak and we therefore are refraining from cutting our exposure," said Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management. SEEKING ALTERNATIVESOthers have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing. "With attitudes towards China currently so weak, equities valuations could be quite sensitive to signs that corporate fundamentals are starting to improve." ($1 = 7.2910 Chinese yuan renminbi)Reporting by Summer Zhen in Hong Kong and Rae Wee in Singapore; Editing by Tom Westbrook and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Janus Henderson, J.P, Dong Chen, Chi Lo, haven't, Alex Redman, teetering, Jasmine Duan, Patrick Garvin, Summer Zhen, Rae Wee, Tom Westbrook Organizations: BNP, Asset Management, Morgan Asset Management, Invesco, RBC, Reuters, Pictet Wealth Management, HK, RBC Investment Services, Thomson Locations: China, HONG KONG, SINGAPORE, Asia, Shanghai, Pacific, India, Indonesia, Beijing, Hong Kong, Singapore

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. "While the overall picture is grim, bearishness around Chinese equities may have reached a local peak and we therefore are refraining from cutting our exposure," said Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management. SEEKING ALTERNATIVESOthers have meanwhile sought out opportunities in markets outside of China, but that trend is showing signs of ebbing. "With attitudes towards China currently so weak, equities valuations could be quite sensitive to signs that corporate fundamentals are starting to improve." ($1 = 7.2910 Chinese yuan renminbi)Reporting by Summer Zhen in Hong Kong and Rae Wee in Singapore; Editing by Tom Westbrook and Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Janus Henderson, J.P, Dong Chen, Chi Lo, haven't, Alex Redman, teetering, Jasmine Duan, Patrick Garvin, Summer Zhen, Rae Wee, Tom Westbrook Organizations: REUTERS, BNP, Asset Management, Morgan Asset Management, Invesco, RBC, Reuters, Pictet Wealth Management, HK, RBC Investment Services, Thomson Locations: Shanghai, Shenzhen, China, HONG KONG, SINGAPORE, Asia, Pacific, India, Indonesia, Beijing, Hong Kong, Singapore

☆ 'A real big deal': Biden backs economic corridor as shifting geopolitical alliances fragment the global economy
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

This would in turn secure regional supply chains, boost trade connectivity and economic activity — all similar to objectives underpinning China's Belt and Road Initiative, a global infrastructure investment strategy that Beijing launched in 2013. - | Afp | Getty ImagesThis Biden-led initiative will comprise of two separate corridors, the east corridor connecting India to the Middle East and the northern corridor connecting the Middle East to Europe. Middle East influenceChina's BRI offers a glimpse into Biden's ambition and perhaps what his infrastructure pact will come up against. Debt risksEven then, China's 10-year head start offers some cautionary lessons for Biden's global infrastructure pact. "25% of debt of emerging markets is treading in distressed territory," IMF's Managing Director Kristalina Georgieva told CNBC on the sidelines of the Delhi G20 leaders' summit.

Persons: Crown Prince, Mohammed bin Salman, Narendra Modi, Joe Biden, Ludovic Marin, Recep Tayyip Erdoğan, Evan Feigenbaum, Emmanuel Macron, Joko Widodo, Luiz Inacio Lula da Silva, Gandhi, Biden, China's BRI, Beijing's BRI, Chong Ja Ian, Kristalina Georgieva, Janet Yellen, Chong, Modi Organizations: Saudi, Crown, India's, Bharat, Afp, Getty, Biden, Initiative, Carnegie Endowment, International, Brazil's, European Union, Democratic, Fudan University, for Economics, Business Research, Arab, United Arab, Bloomberg, IMF, National University of Singapore, Monetary Fund, World Bank, CNBC, Treasury, NUS, India, Shanghai Cooperation Organization Locations: New Delhi, Turkey, Delhi —, Beijing, U.S, Raj, India, East, Europe, UAE, Saudi Arabia, Jordan, Israel, Delhi, Democratic Republic of, Congo, Zambia, Lobito, Angola, Middle, Shanghai, London, China, United Arab Emirates, Washington, Saudi, Iran, People's Republic of China, New York, United States

(AP) — President Joe Biden's national security adviser met with China's foreign minister over the past two days on the Mediterranean island nation of Malta in an effort that the White House said Sunday was intended to “responsibly maintain the relationship” at a time of strained ties and mutual suspicion between the rival powers. The Biden administration shot down what was described as a Chinese spy balloon earlier this year. And after Chinese President Xi Jinping centralized his power, the Chinese economy has not rebounded as expected after ending its pandemic lockdowns. The White House said Sullivan and Wang discussed the relationship between the two countries, global and regional security issues, Russia's war in Ukraine and the Taiwan Strait. They talked about the Mediterranean region's role in helping to provide “global peace and security,” according to a statement by the Maltese government.

Persons: Joe Biden's, Jake Sullivan, Wang Yi, Joe Biden, Premier Li Qiang, ” Biden, Biden, “ It’s, ”, Gina Raimondo, Xi Jinping, Sullivan, Wang, Robert Abela, ___ Madhani Organizations: White, Premier, Group Locations: WILMINGTON, Del, Malta, Washington, Beijing, India, Japan, South Korea, Vietnam, Hanoi, China, U.S, Ukraine, Taiwan Strait, United States, People’s Republic of China, Maltese

Ambassador to Japan Rahm Emanuel, accompanied by U.S. Secretary of State Antony Blinken (not pictured), speaks at the U.S. The ambassador, Rahm Emanuel, has always spoken in "a colorful manner," said Matthew Miller, restraining a smile, although he declined to say whether Emanuel's comments had been cleared by the State Department. "I would guess that the Chinese government views Ambassador Emanuel's remarks as authoritative and deliberate signaling. I doubt that's the case," said Bonnie Glaser, a China expert at the German Marshall Fund of the United States. All of that suggests that the administration is unlikely to rein in its Japan ambassador.

Persons: Japan Rahm Emanuel, Antony Blinken, Andrew Harnik, Rahm Emanuel, Matthew Miller, Emanuel, Agatha Christie's, Qin Gang, Li Shangfu hasn't, Li, Xi Jinping, Joe Biden, Obama, Emanuel's, Bonnie Glaser, Biden, Rahm, AMBASSADOR Emanuel, Bill Clinton, Barack Obama's, Laquan McDonald, Fumio Kishida, Yun Sun, He's, Humeyra Pamuk, David Brunnstrom, Michael Martina, Trevor Hunnicutt, Patricia Zengerle, Timothy Kelly, Don Durfee, Rosalba O'Brien Organizations: U.S, Ambassador's, WASHINGTON, . State Department, State Department, Foreign, Rocket Force, Defense, Reuters, German Marshall Fund of, CHINA U.S, AMBASSADOR, Obama, House, West Wing, China Program, Stimson, Biden, Thomson Locations: Japan, Tokyo, TOKYO, Washington, Britain, China, United States, Beijing, U.S, CHINA, Chicago

☆ New US-backed India-Middle East trade route to challenge China’s ambitions
▼ + stars: | 2023-09-11 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

It is comprised of two separate routes – an east corridor linking India to the Gulf Arab states and a northern corridor connecting the Gulf states to Europe. “I don’t think we would be here without you.”Goods and services would transit through the UAE, Saudi Arabia, Jordan, Israel and Europe. “The heart of the matter is that it is an alternative (to China’s BRI),” she said. Baharoon added that the project, if perceived as a “replacement” or “competitor” to China’s BRI, would fail to realize its potential. Despite pressure to choose sides, Gulf states have insisted that they maintain a balanced position that involves political and economic cooperation across the board, something that analysts say makes Gulf states strategically vital.

Persons: Joe Biden, ” Biden, Mohammed Bin Zayed, Narendra Modi, MBZ, Biden, ”, “, Xi Jinping, Cinzia Bianco, Bianco, China’s BRI, Beijing’s, China’s, Giorgia Meloni, Rome, Italy’s, Meloni, ‘, ” Mohammed Baharoon, Baharoon, Abu, ” Bianco Organizations: UAE CNN —, United Arab, Initiative, Group, European Union, UAE, Indian, US, European Council, Foreign Relations, Dubai Public Policy Research Center, CNN Locations: Abu Dhabi, UAE, India, Saudi Arabia, United Arab Emirates, East, Europe, Beijing, China, France, Italy, Germany, Gulf, Jordan, Israel, Salt Lake City , Utah, Vietnam, Berlin, Middle, Dubai, Brazil, Russia, South Africa, BRICS

☆ 5 takeaways from Joe Biden’s trip to the G20 and Vietnam
▼ + stars: | 2023-09-10 | by ( Kevin Liptak | ) edition.cnn.com time to read: +13 min

New Delhi CNN —President Joe Biden is nearing the end of a whirlwind trip to India and Vietnam for a series of high-profile meetings aimed at countering China’s influence in the developing world. That’s what this trip is all about, having India cooperate much more with United States, be closer to the United States, Vietnam being closer with the United States. “I think we have an enormous opportunity,” he said, adding: “Vietnam and the United States are critical partners at what I would argue is a very critical time. Here are five takeaways from the president’s trip to New Delhi and Hanoi. Biden tries to pull Vietnam closer to USBiden’s trip to Hanoi was his latest attempt to pull another one of China’s neighbors closer to the United States.

Persons: Joe Biden, Biden, ” Biden, “, It’s, Nguyễn Phú, ”, I’m, ” “ I’m, Biden’s, Narendra Modi, Jake Sullivan, ” Sullivan, Oleg Nikolenko, Xi, Vladimir Putin, Xi Jinping, they’re, Kurt Campbell, Modi, – Biden, Campbell, it’s, ratchets, aggressions, Vietnam’s, Karine Jean, Pierre, Jean, Li Qiang, presser Organizations: New, New Delhi CNN, Communist Party of Vietnam, Sunday, Diplomats, Indian, Foreign, Facebook, “, United, United Arab Emirates, World Bank, White, White House, Korean, Communist, Communist Party, Biden, CNN Locations: New Delhi, India, Vietnam, Hanoi, Asia, Beijing, China, United States, Ukraine, ” Russia, Russia, Ukrainian, East, Europe, United Kingdom, Japan, United Arab, Bali, Philippines, South China

☆ G20 summit: President Joe Biden is hoping to convince the world's largest economies to rally behind Ukraine at summit in New Delhi
▼ + stars: | 2023-09-09 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

New Delhi CNN —President Biden was hoping to convince the world’s largest economies to rally behind Ukraine during Saturday’s Group of 20 summit in India while also pressing his case for American investment in the developing world. And he was unveiling new reforms and investments in the World Bank, which the White House says could unlock hundreds of billions of dollars in grants and loans for the developing world. Biden hopes to use his announcements on new infrastructure and investments as demonstration of US commitment to the developing world, and a better option for partnership than China. Without Xi attending, Biden will have the implicit opportunity to demonstrate sustained American commitment while questioning China’s. American officials said Saturday it wasn’t clear to them why Xi decided to skip the G20 for the first time.

Persons: Biden, Xi Jinping, Vladimir Putin —, White, Narendra Modi, haven’t, Biden’s, Jon, “, Xi, China’s, “ I’m Organizations: New, New Delhi CNN —, Ukraine, Saturday’s Group, —, World Bank, Diplomats, Indian, East, Ukraine skeptically, United Arab Emirates, European Union Locations: New Delhi, India, Europe, East, Asia, Ukraine, Russia, Delhi, North, West, Moscow, United States, China, Saudi Arabia, Beijing

CNN —The nominee to be the US military’s most senior general warned US airmen in a letter this week that the Chinese military wants “to exploit your knowledge and skill to fill gaps in their military capability.”Air Force Chief of Staff Gen. Charles Q. Concerns over western pilots training China’s military has grown in recent years, as Australia, the United Kingdom, and New Zealand – all members of the Five Eyes intelligence sharing alliance, which includes the US – have taken steps to prevent former military pilots from offering their expertise to Beijing. Last October, the UK Ministry of Defense said it believed up to 30 former British military pilots were providing training in China and that many others have been approached, including pilots who were still serving. He has denied the allegations, saying he was only training Chinese civilian pilots seeking to improve their skills. And recently, two Navy sailors were arrested and indicted for allegedly sending classified information to Chinese intelligence officers.

Persons: Charles Q, Brown, Mark Milley, ” Brown, “, ”, Richard Marles Organizations: CNN, ” Air Force, Joint Chiefs of Staff, NATO, Liberation Army, Air Chiefs, The Washington, New Zealand, UK Ministry of Defense, UK Armed Forces, People’s Liberation Army, Australian, “ Defense, Foreign Intelligence Services, Navy Locations: Australia, United Kingdom, New, Beijing, China, People’s Republic of China

Chinese President Xi Jinping attends the plenary session of the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. More than 10 envoys from these countries stationed in China detailed to Reuters the increasing difficulty they face getting access to Chinese officials and other sources of information on the world's second-largest economy. When meetings are arranged, Chinese officials stick rigidly to scripted comments, the diplomats said, while some added they experienced hostile behaviour from nationalistic academics. However, envoys from two countries which enjoy close relations with China said they had experienced no such problems. "To Chinese officials, the benefits of such engagements have become less evident, while the political and security risks are growing."

Persons: Xi Jinping, GIANLUIGI, Ryan Neelam, Xi, Li Qiang, Vladimir Putin, COVID, Emmanuel Macron, Antony Blinken, Yun Sun, Sun, Tong Zhao, Martin Quin Pollard, Laurie Chen, John Geddie, Nick Macfie Organizations: Rights, Reuters, Lowy Institute, China Program, Stimson, Washington D.C, U.S, Carnegie Endowment, International, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, India, Beijing, Australian, Hong Kong, Russia, Ukraine, Taiwan, New Delhi, Moscow, Washington

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