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☆ China rushes to swap Western tech with domestic options as U.S. cracks down
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +10 min

China spent 1.4 trillion yuan ($191 billion) replacing foreign hardware and software in 2022, marking a year-on-year increase of 16.2%, according to IT research firm First New Voice. Two firms awarded the Harbin tenders were subsidiaries of China Electronics Corporation and China Electronics Technology Group Corporation - both heavily targeted by U.S. sanctions. The U.S. Department of Commerce, China Electronics Corporation and China Electronics Technology Group Corporation did not return requests for comment. Despite heavy spending on domestic substitution, however, foreign firms are still dominant suppliers for banking and telecoms database management. Non-Chinese companies held 90% of market share for banking database systems at the end of 2022, according to EqualOcean, a tech consultancy.

Persons: Tyrone Siu, Kendra Schaefer, Mo Jianlei, Eric Zheng, Brenda Goh, Katerina Ang Organizations: REUTERS, Companies Beijing, Reuters, New, Trivium China, Liberation Army, Tech, Chinese Academy of Sciences, BMC, U.S, Cyberspace Security, China Telecommunications Corporation, Qualcomm, U.S . Treasury, Google, Apple, China Electronics Corporation, China Electronics Technology Group Corporation, Microsoft, Adobe, China Tobacco, Microsoft Windows, Chinese Academy of Engineering, European Union Chamber of Commerce, of Commerce, Shanghai, U.S . Department of Commerce, HUAWEI, Huawei, IDC, Financial, Lenovo, HK, Beijing, Thomson Locations: Dongguan, Guangdong province, China, BEIJING, Washington, State, Beijing, Gansu province, Harbin, Xiamen, U.S, American, Shanghai

California Gov. Gavin Newsom meets with Chinese President Xi Jinping in Beijing. Photo: /Associated PressChinese leader Xi Jinping met with California Gov. Gavin Newsom in Beijing’s Great Hall of the People, part of a Chinese charm offensive that appears to be laying the groundwork for Xi to meet with President Biden in San Francisco next month. The California Democrat took meetings with Chinese Foreign Minister Wang Yi and Vice President Han Zheng earlier on Wednesday before his audience with Xi in the afternoon.

Persons: Gavin Newsom, Xi Jinping, Xi, Biden, Newsom, Wang Yi, Han Zheng Organizations: Associated Press, California Gov, of, California Democrat, Chinese Foreign Locations: California, Beijing, Beijing’s, San Francisco, China

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsWASHINGTON, Oct 23 (Reuters) - Officials from the United States and China on Monday held a two-hour long virtual meeting to discuss domestic and global macroeconomic developments, the U.S. Treasury Department said, calling the meeting "productive and substantive". U.S. and Chinese officials also raised "areas of concern," statements from the two sides said, without elaborating. The meeting was led by senior officials from the U.S. Treasury Department and China's finance ministry. The EWG was launched last month following U.S. Treasury Secretary Janet Yellen's trip to Beijing in July. China's top diplomat will travel to the United States later this week to meet Blinken.

Persons: Dado Ruvic, Joe Biden, Xi Jinping, Janet Yellen's, Antony Blinken, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Kanishka Singh, Liz Lee, Ethan Wang, Christian Schmollinger Organizations: REUTERS, Rights, U.S . Treasury Department, Economic, Treasury Department, Treasury, U.S . National, Thomson Locations: United States, China, Taiwan, San Francisco, People's Republic of China, U.S, Beijing, Yellen, New York, Malta, China's, Washington

☆ Wall Street brokerages raise China's 2023 economic growth forecast
▼ + stars: | 2023-10-18 | by ( Susan Mathew | ) www.reuters.com time to read: +2 min

REUTERS/Thomas Peter/File photo Acquire Licensing RightsOct 18 (Reuters) - JP Morgan, Citigroup and Nomura on Wednesday lifted their forecast for China's economic growth for the year following upbeat data, but highlighted the need for more stimulus. Citigroup now expects China's GDP to grow 5.3% in 2023 from 5% earlier, while JP Morgan and Nomura see it at 5.2% and 5.1%, respectively. JP Morgan expects the economic momentum to persist in the coming months. Since the 5% growth target looks achievable, policy space could be saved for next year, Zheng said. JP Morgan expects China's potential growth coming down faster than initially expected in 2024 and 2025 to a range of 4%-4.5% and 3.5%-4%, respectively.

Persons: Thomas Peter, JP Morgan, Nomura, Goldman Sachs, Haibin Zhu, Morgan Stanley, Jenny Zheng, Zheng, Albee Zhang, Susan Mathew, Christian Schmollinger, Eileen Soreng Organizations: REUTERS, Citigroup, Nomura, Thomson Locations: Beijing, China

☆ WTA roundup: Zheng Qinwen advances at Zhengzhou Open
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

She will face Ukraine's Anhelina Kalinina, who posted a 7-5, 6-1 victory over Russian qualifier Vera Zvonareva. Hana Bank Korea OpenBelgium's Yanina Wickmayer seized a 6-3, 7-6 (6) victory over third-seeded Ekaterina Alexandrova of Russia to move on to the quarterfinals in Seoul. Wickmayer will meet Russian Polina Kudermetova, who breezed to a 6-3, 6-1 win over Kathinka von Deichmann of Liechenstein. Fifth-seeded Anna Blinkova of Russia coasted to a 6-1, 6-3 win over Australian Priscilla Hon to advance to the third round. Third-seeded Elise Mertens of Belgium had little difficulty in her 6-1, 6-4 victory over Australian qualifier Daria Saville.

Persons: China's, Zheng, China's Zhu Lin REUTERS, Kim Kyung, Zheng Qinwen, Maria Sakkari, Sakkari, Kalinina, Vera Zvonareva, Italy's Jasmine Paolini, Caroline Garcia of, Ukraine's, Tsurenko, Donna Vekic, Wickmayer, Ekaterina Alexandrova, Kudermetova, Kathinka von Deichmann, Claire Liu, Arantxa Rus, China's Yuan Yue, Slovenia's Kaja Juvan, Beatriz Haddad Maia, Anna Blinkova, Russia coasted, Priscilla Hon, Elise Mertens, Daria Saville Organizations: Tennis Centre, Russian, Caroline Garcia of France, Hana Bank, Hong, Belarus, Thomson Locations: Hangzhou, China, Greece, Zhengzhou, Croatia, Hana Bank Korea, Russia, Seoul, Wickmayer, Arantxa, Netherland, Hong Kong, Brazil, Belgium

☆ Biden plans November meeting with China's Xi -Washington Post
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] 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. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - The White House is making plans for a face-to-face meeting between U.S. President Joe Biden and Chinese leader Xi Jinping in San Francisco next month as the two countries seek to stabilize troubled relations, the Washington Post reported on Thursday. Biden and Xi's last meeting was on the sidelines of the G20 summit in Indonesia in November 2022, which was their first in person meeting since Biden became president. China's top security agency hinted last month any meeting between Xi and Biden will depend on the United States "showing sufficient sincerity." Xi recently skipped the G20 summit in New Delhi that Biden attended.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Antony Blinken, Janet Yellen, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Biden, Xi's, Xi, Raimondo, Yellen, Jasper Ward, Kanishka Singh, Chris Sanders, Chris Reese, Kim Coghill Organizations: REUTERS, Rights, Washington Post, Economic Cooperation, Thomson Locations: Bali , Indonesia, San Francisco, Taiwan, Washington, U.S, China, New York, Malta, Indonesia, United States, Beijing, Asia, New Delhi

☆ Senior US, China diplomats meet in Washington in latest effort to maintain dialogue
▼ + stars: | 2023-09-29 | by ( Kanishka Singh | Thomson Reuters | Kanishka Singh Is A Breaking News Reporter For Reuters In Washington Dc | ) www.reuters.com time to read: +2 min

U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink met with Chinese Vice Foreign Minister for Asia Sun Weidong, the State Department said in a statement on Thursday. More recently, Blinken met Chinese Vice President Han Zheng in New York and U.S. national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Malta. KEY QUOTES"The two sides held a candid, in-depth, and constructive consultation on regional issues as part of ongoing efforts to maintain open lines of communication," the State Department said. High-level talks between the two sides could help set the stage for a meeting between U.S. President Joe Biden and Chinese President Xi Jinping later this year. Reporting by Kanishka Singh and Eric Beech in Washington; Editing by Sonali Paul and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Pacific Affairs Daniel Kritenbrink, Antony Blinken, Janet Yellen, Gina Raimondo, Blinken, Han Zheng, Jake Sullivan, Wang Yi, Kritenbrink, Joe Biden, Xi Jinping, Kanishka Singh, Eric Beech, Sonali Paul, Michael Perry Organizations: REUTERS, Rights, U.S, State, East Asian, Pacific Affairs, Foreign, Asia Sun Weidong, State Department, Thomson Locations: Washington, China, New York, U.S, Malta, Taiwan Strait, Myanmar, North Korea, Taiwan

That means the relationship between the two nations is interlaced and complex and far more nuanced than much of the debate might have suggested. “We need a totally new approach to China,” DeSantis said in the first half hour of the debate. “We’re going to have economic independence from China, where we’re decoupling our economy.”But the two economies are in fact deeply intertwined, and still depend on each other despite rising tension. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security. “We benefit greatly from access to cheaper products, a wide array of products and products in some cases where China has a technological lead.

Persons: Ron DeSantis, Vivek Ramaswamy, Doug Burgum, ” DeSantis, “ We’re, Janet Yellen, ”, Gina Raimondo, Yellen’s, ” Raimondo, ‘, “, Laxman, Jamie Dimon, Tim Cook, Eric Zheng, Burgum, Vladimir Putin, China —, Biden Organizations: CNN, Florida Gov, North Dakota Gov, Republican, US, Elon, Tesla, Starbucks, JPMorgan, Apple, American Chamber of Commerce, Geological Service Locations: China, ”, United States, Beijing, Shanghai, Moscow, Washington

[1/3] Tourists rest on the Bund ahead of the National Day holiday, in Shanghai, China September 26, 2023. China celebrates the Mid-Autumn Festival and National Day from Friday to Oct. 6 in the longest public holiday this year. The China Tourism Academy, part of the Ministry of Culture and Tourism, estimates people will make more than 100 million trips a day during "the most popular Golden Week in history". In 2019, mainland Chinese tourists spent $255 billion abroad, more than any other nationality, with group tours estimated to account for roughly 60% of that total. ($1 = 7.3030 Chinese yuan renminbi)Additional reporting by Wang Tao in Singapore; Editing by Marius Zaharia and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, It's, Joe Zhang, I'm, haven't, Boon Sian Chai, Boon, Cao, Nancy Dai, Zhou Weihong, Wang Zheng, Wang Tao, Marius Zaharia Organizations: Bund, REUTERS, Rights, China Tourism Academy, Ministry of Culture, Trip.com, Spring, Thomson Locations: Shanghai, China, Beijing, Japan, Tourism, Anqing, Anhui, South Korea, United States, ForwardKeys, Thailand, Singapore

☆ China's Wang claims maiden WTA title in Guangzhou
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

The 22-year-old Wang's victory marked the fourth time that a Chinese player has been crowned champion in Guangzhou, following Wang Qiang (2018), Zhang Shuai (2013, 2017) and Li Na (2004). "It was very exciting and it's a very emotional moment because in this tournament, every player is really tough," Wang said. "I wanted a title from the first day, even when I started tennis. China last hosted a WTA tournament in 2019, before the COVID crisis wreaked havoc on the global sports schedule. The WTA was widely praised for suspending tournaments in China but reversed its decision in April.

Persons: Wang Xiyu, Russia's Mirra Andreeva, Toby Melville, Magda Linette, Wang Qiang, Zhang Shuai, Li Na, Wang, I'm, Zhu Lin, Hua Hin, Zheng Qinwen, Peng Shuai, Peng, Shrivathsa Sridhar Organizations: Lawn Tennis, Croquet Club, WTA, Guangzhou, women's, Thomson Locations: London, Britain, Guangzhou, Palermo, China, Bengaluru

☆ China Vice President Says Country Committed to Opening Itself Wider to the World
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - China's Vice President Han Zheng said the country is committed to opening itself wider to the world and will always be a member of the big family of developing countries, Chinese state media reported. Speaking at the general debate of the 78th session of United Nations General Assembly, Han also said China is committed to an independent foreign policy and safeguarding its sovereignty and territorial integrity, according to a late Thursday report from Xinhua. "The legitimate security concerns of all countries should be addressed, the sovereignty and territorial integrity of all countries should be respected, and differences and disputes should be resolved in a peaceful way through dialogue and consultation," Han said. (Reporting by Bernard Orr and Shanghai newsroom; Editing by Tom Hogue)

Persons: Han Zheng, Han, Bernard Orr, Tom Hogue Organizations: United Nations General Assembly, Xinhua Locations: BEIJING, China, Shanghai

☆ China committed to opening itself wider to the world -vice president
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Chinese Vice President Han Zheng addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 21, 2023. REUTERS/Eduardo Munoz Acquire Licensing RightsBEIJING, Sept 22 (Reuters) - China's Vice President Han Zheng said the country is committed to opening itself wider to the world and will always be a member of the big family of developing countries, Chinese state media reported. On the Ukraine conflict, Han said: "China supports all efforts that are conducive to the peaceful resolution of the Ukraine crisis and stands ready to continue playing a constructive role for the early attainment of peace." It has offered its own peace plan, which received a lukewarm response in both Russia and Ukraine. Reporting by Bernard Orr and Shanghai newsroom; Editing by Tom Hogue and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Zheng, Eduardo Munoz, Han, Wang Yi, Sergei Lavrov, Aleksandar Vucic, Bernard Orr, Tom Hogue, Stephen Coates Organizations: General Assembly, REUTERS, Rights, United Nations General Assembly, Xinhua, Serbian, UN, Thomson Locations: New York City, U.S, Rights BEIJING, China, Ukraine, Beijing, Moscow, Russia, Shanghai

☆ Exclusive: EU to ask China at UN to push Russia towards 'just peace' in Ukraine
▼ + stars: | 2023-09-20 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +1 min

UNITED NATIONS, Sept 20 (Reuters) - European Council President Charles Michel will ask China directly at the United Nations Security Council to do more to push Russia towards a "just peace" in Ukraine, according to his draft speech seen by Reuters at the UNGA. Ukrainian President Volodymyr Zelenskiy is also expected to attend the council meeting. China has abstained from votes by the 193-member U.N. General Assembly that overwhelmingly demanded that Moscow withdraw its troops from Ukraine and stop fighting. China's abstentions appeared to reflect a bid to stay on the diplomatic fence over the war in Ukraine. Reporting by Gabriela Baczynska, Editing by Michelle Nichols and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Michel, Michel, let's, Han Zheng, Volodymyr Zelenskiy, U.N, Gabriela Baczynska, Michelle Nichols, Grant McCool Organizations: UNITED, United Nations Security Council, Reuters, Security, General Assembly, Moscow, Thomson Locations: China, Russia, Ukraine, New York, Beijing

☆ Xi says China, US 'should and must' achieve peaceful co-existence
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

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. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsBEIJING, Sept 19 (Reuters) - Chinese President Xi Jinping told two US Flying Tigers veterans who fought for China during World War II that China and the US "should and must" achieve peaceful co-existence, offering further cues for both sides to lower persistent tensions. "Looking to the future, China and the United States, as two major countries, bear more important responsibilities for world peace, stability and development," Xi said. "They should and must achieve mutual respect, peaceful coexistence, and win-win cooperation." Reporting by Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Xi Jinping, GIANLUIGI, Harry Moyer, Mel McMullen, Xi, Chiang Kai, Han Zheng, Antony Blinken, Han, Ryan Woo, Michael Perry Organizations: Rights, US Flying Tigers, Japan, American Volunteer Group, Flying Tigers, US, shek's Kuomintang, United Nations General Assembly, Thomson Locations: Sandton, Johannesburg, South Africa, Rights BEIJING, China, United States, Republic of China

☆ Top China, U.S. officials hold Malta talks ahead of possible Xi-Biden meeting
▼ + stars: | 2023-09-18 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

China's foreign minister Wang Yi and U.S. national security advisor Jake Sullivan met in Malta over the weekend. The bilateral talks come ahead of a possible meeting between China's President Xi Jinping and U.S. President Joe Biden at the Asia-Pacific Economic Cooperation leaders meeting in November. Their Malta meeting convened after several high level officials visited Beijing in recent months and just before Wang's meeting with Russian Foreign Minister Sergei Lavrov later this week. In readouts issued by the White House and China's Foreign Ministry, the two-day talks in Malta were characterized as "candid, substantive and constructive." Wang had re-assumed his former job as foreign minister after Xi removed his successor Qin from the position.

Persons: Wang Yi, Jake Sullivan, Xi Jinping, Joe Biden, Wang, Sullivan, Sergei Lavrov, Han Zheng, Xi, readouts, Qin Gang, Li Shangfu, Malta . Wang, Qin Organizations: Economic Cooperation, Russian, China's, Ministry, United Nations General Assembly, White, China's Foreign Ministry Locations: USA, China, U.S, Malta, Asia, Vienna, Beijing, New York, Ukraine, Taiwan Strait, Malta .

The meeting between Blinken and Han was the latest in a series of high-level talks between U.S. and Chinese officials that could lay the groundwork for a meeting between President Joe Biden and Chinese President Xi Jinping later this year. "The world expects us to responsibly manage our relationship," Blinken said in brief remarks at the beginning of his meeting with Han. Neither Blinken nor Han in their remarks explicitly mentioned whether such a meeting will materialize. "Currently, China-U.S. relations face many difficulties and challenges," Han told Blinken, noting that China hoped the U.S. would make efforts to implement the consensus reached by the two countries' leaders and promote the stable development of relations. "The world needs stable and healthy China-U.S. relations,” Han said.

Persons: Antony Blinken, Han Zheng, Julia Nikhinson, Jake Sullivan, Wang Yi, Han, Joe Biden, Xi Jinping, Blinken, Gina Raimondo, Janet Yellen, John Kerry, Biden, Xi, ” Han, Humeyra Pamuk, Michael Martina, Sandra Maler Organizations: REUTERS Acquire, United Nations General Assembly, White House, Foreign, U.S, U.S . Commerce, Biden, Economic Cooperation, Thomson Locations: New York, U.S, Malta, Blinken, United States, China, India, Asia, San Francisco

☆ Singapore’s birth rate is at a record low — but ‘throwing money’ at the problem won’t solve it
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mai Yo | Klaud9 | Getty ImagesSINGAPORE — Almost two decades ago, Loh and her husband made a decision not to have children. Singapore's birth rate hit a record low in 2022, after years of decline. "There is a sense of instability is dragging people further away from having children," Zheng told CNBC. Shrinking labor forceA declining birth rate, coupled with an aging population, will have repercussions on Singapore's labor force. "Having fewer children means you have a smaller workforce that can contribute to the economy.

Persons: Mai Yo, Loh, Jaya Dass, " Dass, Wen Wei Tan, EIU's Tan, Tan, Mu Zheng, Zheng, Tan Poh Lin, Lee, Carlina, Dass Organizations: Institute of Policy Studies, Getty, SINGAPORE, CNBC, Singapore Department of Statistics, Ranstad's, Women, Getty Images Government, Economist Intelligence Unit, EIU, National University of Singapore, Lee Kuan Yew, of Public Locations: Singapore, Jaya, Jaya Dass Asia, Pacific, Covid, Ranstad's Asia, —, New York City, Singapore's

☆ UK government under pressure to take tougher line on China amid spying allegations
▼ + stars: | 2023-09-13 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

Sunak’s predecessor Liz Truss called for the government to formally designate China as a threat to the UK. Florence Lo/APUnder the radarBut back to the question at hand: should the events of the past few days affect the UK’s official policy? Despite the arrests, observers believe it is unlikely there will be a sea-change in the UK government’s policy on China. The allegations that China is spying on the UK, in the very heart of Britain’s democracy, is of course a very real concern. But it will not be a surprise to the government, which has baked it into British foreign policy.

Persons: Tom Tugendhat, Tugendhat, Rishi Sunak, Premier Li Qiang, ”, Sunak’s, Liz Truss, Iain Duncan Smith, UK’s, Oliver Dowden, James, Han Zheng, Florence Lo, —, Peter Ricketts, “, doesn’t, ” Ricketts, Christopher Furlong Organizations: London CNN, Sunday Times, Conservative, CNN, Premier, Embassy, Metropolitan Police, Conservative Party, of, People, parliament’s Intelligence, Security, British National Security, Getty, Russia, Diplomats Locations: China, Beijing, New Delhi, London, gossiping, Europe, Hong Kong, South China, Taiwan, Westminster

☆ Home favourite Gauff ready to derail Sabalenka in US Open final
▼ + stars: | 2023-09-08 | by ( Amy Tennery | ) www.reuters.com time to read: +4 min

The Belarusian won the Australian Open to kick off a superb 2023, beat Gauff en route to the Indian Wells final and defeated Iga Swiatek in the Madrid title match. "Going into this final, I think I just have to focus on myself and prepare myself for another fight. "," said Sabalenka, who reached the semi-finals in the previous two editions of the tournament. "I have been focusing more on myself and my expectations of myself," said Gauff, who vowed to hold her head high regardless of the outcome on Saturday. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Coco Gauff, Karolina Muchova, Mike Segar, Arthur Ashe, Sabalenka, Gauff, I'm, Will, Iga Swiatek, Roland Garros, Keys, Daria Kasatkina, Zheng Qinwen, Barack Obama, Michelle, Ashe, Laura Siegemund, Caroline Wozniacki, Amy Tennery, Ken Ferris Organizations: Tennis, Czech, U.S, Belarusian, Indian Wells, Wimbledon, Madison Keys, Poland's, D.C, Australian, Thomson Locations: Flushing Meadows , New York, United States, Madrid, New York, Washington, Cincinnati, Flushing Meadows

[1/2] Venezuela's President Nicolas Maduro gestures during a meeting with Chile's Ambassador to Venezuela Jaime Gazmuri, at Miraflores Palace, in Caracas, Venezuela August 16, 2023. Energy trade, debt repayment and new financing likely are the main focus of the Sept. 8-14 visit, officials and sources said. Beijing's decision to host Maduro coincides with a G20 summit in New Delhi this weekend, which Chinese President Xi Jinping will not attend. In 2020, the Maduro administration and Chinese banks again agreed to a grace period on some $19 billion of Chinese debt, according to Reuters reporting. Despite sanctions on Venezuela, China imported around 390,000 barrels per day of crude from the country between January and August this year, totalling roughly 12.9 million metric tons, data from commodities consultancy Vortexa showed.

Persons: Nicolas Maduro, Venezuela Jaime Gazmuri, Leonardo Fernandez Viloria, Han Zheng, Wang Yi, hegemonism, Han, Pedro Tellechea, Tellechea, Xi Jinping, Maduro, Hugo Chavez's, Joe Biden's, PDVSA, CNPC, Donald Trump, Andrew Hayley, Liz Lee, Joe Cash, Vivian Seuqera, Mayela, Marianna Parraga, Christopher Cushing, Frances Kerry, Marguerita Choy Organizations: REUTERS, Rights, West, Energy, China National Petroleum Corp, Venezuelan, Venezuelan Oil, Shanghai International Energy Exchange, Shanghai Petroleum, Natural Gas Exchange, South, Shanghai, Mayela Armas, Thomson Locations: Venezuela, Miraflores, Caracas, Rights BEIJING, CARACAS, China, OPEC, Beijing, Shanghai, Asia, New Delhi, Malaysia, South American, Houston

☆ Sabalenka targets second Grand Slam final in stellar season
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +4 min

"When you get to the last stages of the tournament, you're going to think about what if, what I want, what I would like and you're dreaming," Sabalenka told reporters after crushing China's Zheng Qinwen on Wednesday. "I'm not trying to block the stats, because when you're trying to block something it's going to keep getting in your head and it can get annoying. When you're not trying to block it, it actually goes away. Keys, meanwhile, is hoping to fulfil her own dream of reaching Saturday's final for another shot at a maiden Grand Slam trophy. Czech Muchova is also gunning for a first Grand Slam title after coming close in Paris in her bid to join an elite list of compatriots that includes Jana Novotna, Petra Kvitova, Barbora Krejcikova and Vondrousova.

Persons: Madison Keys, Sabalenka, Iga, Keys, Zheng Qinwen, I'm, Marketa Vondrousova, Coco Gauff, Roland Garros, Karolina Muchova, Gauff, Sofia, ", Serena Williams, Venus Williams, Sloane Stephens, I'd, gunning, Jana Novotna, Petra Kvitova, Barbora, Karolina Pliskova, Ash Barty, Muchova, Shrivathsa Sridhar, Ken Ferris Organizations: U.S, Madison, Belarusian, Wimbledon, Cincinnati, Sofia Kenin's, Thomson Locations: New York, Flushing Meadows, American, Melbourne, Grand, Czech, Paris, Bengaluru

☆ Wall, what wall? Two detained after leveling part of China's Great Wall
▼ + stars: | 2023-09-07 | by ( Monica Pitrelli | Lisa Lucas | ) www.cnbc.com time to read: 1 min

It may have seemed like a good idea at the time. In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China in Shanxi province, according to an online notice by local authorities. The duo used an excavator to widen a pre-existing gap so that their heavy machinery could pass through it, according to the notice issued by Youyu County security officials. The pair — a 38-year-old man named Zheng and a 55-year-old woman named Wang — removed the wall "to shorten a journey," according to a CNBC translation of the notice published on Aug. 31. The suspects are both from Inner Mongolia.

Persons: Zheng, Wang — Organizations: CNBC Locations: China, Shanxi, Youyu, Inner Mongolia

☆ Keys thrives on home support to reach US Open semis.
▼ + stars: | 2023-09-07 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

She next faces second seed Aryna Sabalenka, who dispatched China's Zheng Qinwen 6-1 6-4 earlier on Wednesday to reach her fifth Grand Slam semi-final in a row. In front of a home crowd you can never feel like you can't get out of any situation," said Keys, who fended off all nine break points she faced during the match. Keys broke her opponent in the ninth game and let out a cheer as she forced Vondrousova into a backhand error on match point. Vondrousova, who served up five double faults in the match, made no excuses for her defeat and told reporters that Keys was simply too good. Reporting by Amy Tennery in New York; Editing by Kim Coghill, Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Madison Keys, Marketa Vondrousova, Shannon Stapleton, Arthur Ashe, Marketa, Aryna Sabalenka, China's Zheng Qinwen, Keys, Vondrousova, Peyton Stearns, Sabalenka, Amy Tennery, Kim Coghill, Peter Rutherford Organizations: Tennis, Madison, Czech, Marketa Vondrousova REUTERS, Arthur, Wimbledon, U.S, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, Czech, New York

☆ China's Xpeng says German carmakers ready to tackle crisis as EV race hots up
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Angelika Warmuth/File Photo Acquire Licensing RightsMUNICH, Sept 6 (Reuters) - German carmakers are ready to tackle their worst crisis, an executive at Chinese EV maker Xpeng said on Wednesday, as China's carmakers expand overseas, putting pressure on Europe in the race to electrify. Globally, China leads EV sales, the latest data from tech industry researcher Counterpoint shows. The U.S. has the fastest growing EV sales with Germany in third place. "The Chinese companies are flooding into overseas markets like mushrooms, deepening their sense of crisis," Gu said. German Chancellor Olaf Scholz said EV competition from abroad should be a spur, not a worry for German carmakers.

Persons: Olaf Scholz, Hildegard Mueller, Markus Soeder, Angelika Warmuth, Xpeng, Brian Gu, Gu, Jia Jianxu, Zheng, Zhang Yan, Victoria Waldersee, Josephine Mason, Elaine Hardcastle Organizations: German Association of, Automotive, REUTERS, Rights, HK, IAA, EV, Germany, Reuters, Volkswagen, SAIC, Xuanyuan Academy, Germany's IAA, New Energy Vehicle Congress, Gang, Thomson Locations: Bavarian, Munich, Germany, Europe, Xpeng, China, U.S, Britain, France

☆ Alcaraz downs Zverev to complete all-star US Open semi-final lineup
▼ + stars: | 2023-09-06 | by ( Steve Keating | ) www.reuters.com time to read: +3 min

[1/6] Tennis - U.S. Open - Flushing Meadows, New York, United States - September 2, 2023 Spain's Carlos Alcaraz in action during his third round match against Britain's Daniel Evans REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNEW YORK, Sept 6 (Reuters) - World number one Carlos Alcaraz vanquished Alexander Zverev 6-3 6-2 6-4 on Wednesday to complete an all-star U.S. Open men's semi-final lineup that features three Flushing Meadows champions and a big-hitting American wildcard. Daniil Medvedev, the 2021 winner, overcame brutal heat and fellow Russian Andrey Rublev 6-4 6-3 6-4 to set up a Friday meeting with defending champion Alcaraz. By the time Alcaraz and Zverev appeared on Arthur Ashe for the late match much of the sting had been taken out of the brutal conditions that Medvedev and Rublev faced. German Zverev, a U.S. Open finalist in 2020, showed up ready to fight but after some initial resistance the tank emptied and it was a straightforward win for Alcaraz in the end. "I'm feeling really comfortable playing in this court, playing here in New York," said Alcaraz.

Persons: Spain's Carlos Alcaraz, Britain's Daniel Evans, Shannon Stapleton, Carlos Alcaraz, Alexander Zverev, Daniil Medvedev, Russian Andrey Rublev, Alcaraz, Novak Djokovic, Ben Shelton, Medvedev, Shelton, Marketa, Coco Gauff, Keys, Sloane Stephens, Sabalenka, China's Zheng Qinwen, Arthur Ashe, Rublev, Zverev, Jannik Sinner, Frank Pingue, Steve Keating, Toby Davis, Peter Rutherford Organizations: Tennis, Britain's Daniel Evans REUTERS, Flushing Meadows, U.S, Alcaraz, Madison Keys, Wimbledon, Flushing, Thomson Locations: Flushing Meadows , New York, United States, Flushing, Russian, Flushing Meadows, U.S, New York, Toronto

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