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☆ Sec. Raimondo's China visit is a sign of US-China relations restoring: Fmr. Commerce Sec. Gutierrez
▼ + stars: | 2023-08-28 | 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 EmailSec. Raimondo's China visit is a sign of US-China relations restoring: Fmr. Commerce Sec. GutierrezFormer U.S. Commerce Secretary Carlos Gutierrez joins 'The Exchange' to discuss U.S. Commerce Secretary Raimondo's visit to China, the impact China's ongoing real estate concerns may have on public companies operating in the country, and growing uncertainty in China over the upcoming U.S. presidential elections.

Persons: Gutierrez, Carlos Gutierrez, Raimondo's Organizations: Gutierrez Former U.S . Commerce, U.S, Commerce Locations: China, Fmr

☆ US Commerce chief raised Micron, Intel with Chinese officials
▼ + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

[1/2] A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBEIJING, Aug 28 (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Monday that she raised concerns about a number of U.S. business issues including Intel (INTC.O) and Micron (MU.O) with Chinese Commerce Minister Wang Wentao. Raimondo in May said the United States "won't tolerate" China's effective ban on purchases of Micron Technology (MU.O) memory chips and is working closely with allies to address such "economic coercion." Raimondo announced earlier on Monday that China had agreed to create a new formal working group on commercial issues with the United States. The new commercial issues working group is a consultation mechanism involving U.S. and Chinese government officials and private sector representatives "to seek solutions on trade and investment issues and to advance U.S. commercial interests in China."

Persons: Dado Ruvic, Gina Raimondo, Wang Wentao, Raimondo, Wang, May, David Shepardson, Jason Neely, Mark Potter Organizations: REUTERS, Rights, . Commerce, Intel, Micron, Chinese Commerce, Micron Technology, Tower Semiconductor, China's, Administration, Market, Thomson Locations: Rights BEIJING, China, United States

☆ US raises concerns by Micron, Intel with China as export control meeting set to launch
▼ + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Raimondo wants to address concerns from U.S. businesses that are having difficulties operating in China. Shares of Micron rose 3% and Intel was up 1.4% in early trading on the news, first reported by Reuters. "The United States is committed to be transparent about our export control enforcement strategy," she said. "To show you how real this is, the first meeting of that new information exchange is tomorrow in Beijing.

Persons: Gina Raimondo, China Nick Burns, Andy Wong, Wang Wentao, Raimondo, Biden, Export Enforcement Matthew Axelrod, We're, David Shepardson, Susan Heavey, Andrew Cawthorne, Mike Harrison Organizations: . Commerce, . Industry, Government, U.S, REUTERS Acquire, Rights, Intel, Micron, Chinese Commerce, Commerce Department, Micron Technology, Reuters, U.S . Commerce Department, Export Enforcement, Ministry of Commerce, Commerce, United, Chinese National Bureau of Statistics, Thomson Locations: China, Beijing, Rights BEIJING, Washington, U.S, United States

☆ The Chinese have very little leverage over the U.S.: China expert Dennis Unkovic
▼ + stars: | 2023-08-28 | 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 EmailThe Chinese have very little leverage over the U.S.: China expert Dennis UnkovicDennis Unkovic, Meyer, Unkovic and Scott Partner, joins 'Power Lunch' to discuss U.S. Commerce Secretary Gina Raimonda's trip to China.

Persons: Dennis Unkovic Dennis Unkovic, Meyer, Unkovic, Scott, Gina Raimonda's Organizations: ., U.S, Commerce Locations: China

☆ Chinese IPOs are one of many things indicating 'thawing' between U.S. & China: Gary Dvorchak
▼ + stars: | 2023-08-28 | 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 EmailChinese IPOs are one of many things indicating 'thawing' between U.S. & China: Gary DvorchakGary Dvorchak, Blueshirt Group Managing Director, joins 'Closing Bell Overtime' to talk the U.S. Commerce Secretary Gina Raimondo traveling to China, the Chinese economy and more.

Persons: Gary Dvorchak Gary Dvorchak, Gina Raimondo Organizations: China, . Commerce Locations: China

☆ There's a 'window of opportunity' for U.S. and China to stabilize relations, analyst says
▼ + stars: | 2023-08-28 | 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 EmailThere's a 'window of opportunity' for U.S. and China to stabilize relations, analyst saysGabriel Wildau, managing director of Teneo, says "that window is set to close later this year," and discusses U.S. Commerce Secretary Gina Raimondo's visit to China.

Persons: Gabriel Wildau, Teneo, Gina Raimondo's Organizations: U.S, Commerce Locations: China

☆ U.S. wants to persuade China that it's not trying to constrain its growth, strategist says
▼ + stars: | 2023-08-28 | 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 EmailU.S. wants to persuade China that it's not trying to constrain its growth, strategist saysAndy Rothman, investment strategist at Matthews Asia and former head of macroeconomics and domestic policy at the U.S. embassy in Beijing, discusses U.S. Commerce Secretary Gina Raimondo's visit to China and says President Joe Biden began to "recalibrate" his approach to China in April.

Persons: it's, Andy Rothman, Matthews, Gina Raimondo's, Joe Biden Organizations: Matthews Asia, U.S, Commerce Locations: China, Beijing

☆ Raimondo: crucial US, China have stable economic relationship
▼ + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Andy Wong/Pool via REUTERS Acquire Licensing RightsBEIJING, Aug 28 (Reuters) - U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday saying it is "profoundly important" the world's two largest economies have a stable economic relationship. Raimondo is looking to boost business ties as U.S. firms have reported increasing challenges with operating in China, while China has sharply criticized U.S. efforts to block China's access to advanced semiconductors. Raimondo said the entire world expects the United States and China will have a stable economic relationship; the two countries share more than $700 billion in annual trade. Raimondo is holding three days of talks with Chinese and business leaders in China to boost business ties between the world's two largest economies. Raimondo said the United States and China "have worked over the summer to establish new information exchanges and working groups that will enable us to have more consistent engagement in our relationship."

Persons: Gina Raimondo, Wang Wentao, Andy Wong, Raimondo, It's, Commerce Wang Wentao, Wang, David Shepardson, Jacqueline Wong, Michael Perry Organizations: . Commerce, Ministry of Commerce, REUTERS Acquire, Rights, Commerce, Thomson Locations: Beijing, Rights BEIJING, China, United States, US, United

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai, China October 25, 2022. REUTERS/Aly Song/File Photo Acquire Licensing RightsAug 28 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. As the week gets underway, asset markets across Asia yet again will be dominated by key economic indicators, market- and growth-supportive policy steps and diplomatic signals from China. The Asian market headwinds are strong and clear - financial conditions are tightening sharply, in large part due to the steady rise in U.S. Treasury yields. According to Goldman Sachs's financial conditions indexes, global, emerging market and Chinese financial conditions last week hit their tightest levels this year.

Persons: Aly, Jamie McGeever, Jackson, Jerome Powell, Christine Lagarde, Kazuo Ueda, Gina Raimondo, Goldman, Fed's MIchael Barr, Diane Craft Organizations: REUTERS, China Securities Regulatory Commission, . Commerce, Treasury, Higher, Thomson, Reuters Locations: Shanghai, Shenzhen, China, Asia, India, Indonesia, Vietnam, Beijing, Japan, U.S, Australia

Gina Raimondo, the secretary of commerce, who arrived in Beijing on Sunday, is the latest Biden administration emissary seeking to stabilize ties between the world’s two largest economies. The fourth senior U.S. official to travel to China in less than three months, Ms. Raimondo is taking her trip at a critical juncture. Relations between the countries are strained, partly because the United States has clamped down on China’s access to technology that could aid its military. Ms. Raimondo’s agenda is varied, including economic diplomacy, getting to know China’s new economic team and defending the interests of American companies and their employees. Ms. Raimondo’s department oversees the export controls and other restrictions that the Biden administration has put in place, many of which have angered Chinese officials and prompted retaliation.

Persons: Gina Raimondo, Biden, Raimondo Organizations: U.S Locations: Beijing, China, United States, U.S

☆ US Commerce chief seeks trade, tourism boost in China talks
▼ + stars: | 2023-08-27 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

[1/4] U.S. Commerce Secretary Gina Raimondo, shakes hands with Lin Feng, Director General of China Ministry of Commerce as U.S. Republicans in Congress have criticized the possibilityRaimondo will establish a working group with China during the visit to discuss U.S. semiconductor export controls. China's ambassador to the United States, Xie Feng, who met Raimondo last week, said China seeks "mutual respect, peaceful coexistence and win-win cooperation". 'MANY CHALLENGES'Raimondo, the fourth high-level U.S. official to visit China recently, is the first commerce secretary to make the trip in seven years. China and the United States agreed this month to double the number of flights permitted between them - still a fraction of the number before the pandemic.

Persons: Gina Raimondo, Lin Feng, China Nick Burns, Andy Wong, Raimondo, I'm, Mintz, " Raimondo, China Nicholas Burns, Joe Biden, Xie Feng, Wendy Cutler, Xi Jinping, Walt Disney, David Shepardson, Michael Martina, Robert Birsel, Bill Berkrot Organizations: . Commerce, China Ministry of Commerce, Beijing Capital International Airport, REUTERS Acquire, Rights, Micron Technology, U.S, Chinese Commerce Ministry, Republicans, Asia Society Policy Institute, United, Walt, Shendi Group, Reuters, Boeing, Thomson Locations: China, Beijing, Rights BEIJING, United States, Shanghai, America, U.S, Washington

Analysts see this as an emerging new trend of trade regionalisation in the eastern and western hemispheres - each dominated by one of the superpower - that could pose risks to global growth. This "will likely contribute to increased regionalisation of international trade, which would raise inflation and hamper growth for other countries caught in the crossfire." China has also applied to join the Comprehensive Progressive Trans-Pacific Partnership, one of the world's largest free trade agreements. To join this Pacific trade axis, though, China needs the approval from all member countries, including U.S. allies. "And both of those countries value trade with the U.S. under their North American framework more than they value trade with China."

Persons: Gina Raimondo, Elizabeth Frantz, Neil Thomas, Donald Trump, Joe Biden, Raimondo, Trump, William Hurst, Joe Cash, Kripa Jayaram, Marius Zaharia, William Mallard Organizations: . Commerce, Capitol, REUTERS, Southeast Asia, Analysts, Asia Society Policy Institute, Higher, Census, Reuters, Canada Agreement, Comprehensive, Pacific, U.S, University of Cambridge, Thomson Locations: Washington , U.S, China, Washington, Canada, Mexico, Beijing, Southeast, decouple, U.S, Japan, South Korea, Australia, New Zealand, Pacific

LONDON, Aug 23 (Reuters) - The United States and China may feel some financial detente is wise at this point - even if goading one another plays well domestically. But elements of the once-feared bind of 'mutally-assured financial destruction' (MAFD) still apply. Pulling the rug out from under either - battering U.S. and Chinese demand in effect - seems to make little economic sense at least. America had new markets and investments and a seemingly durable new creditor that kept borrowing rates low and consumption up. Falling China Share of Foreign US Treasury HoldingsChina FX Reserves vs Global ReservesUS Treasury Debt Climbs as Fed Pulls Back'MAFD'But is that where the situation has landed post-pandemic?

Persons: Larry Summers, Summers, Goldman Sachs, Jim O'Neill, O'Neill, Gina Raimondo's, Stephen Jen, Eurizon SLJ, Treasuries, Deepa Babington Organizations: U.S . Treasury Securities, ., Treasury, Foreign US Treasury Holdings China FX, Global Reserves, U.S ., Commerce, U.S, Reuters Graphics Reuters, Reuters, Thomson Locations: United States, China, Washington, Ukraine, Taiwan, Hong Kong, U.S, Beijing, America

☆ We shouldn't have high expectations from U.S. Commerce secretary's visit to China: Brookings' Dollar
▼ + stars: | 2023-08-23 | 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 EmailWe shouldn't have high expectations from U.S. Commerce secretary's visit to China: Brookings' DollarDavid Dollar, Brookings Institute senior fellow, and Stefan Selig, former Under Secretary of Commerce for International Trade, join 'The Exchange' to discuss why the U.S. should 'proceed with caution' in its relationship with China, the important parts of U.S. Secretary of Commerce Gina Raimondo's trip to China, and more.

Persons: David Dollar, Stefan Selig, Commerce Gina Raimondo's Organizations: . Commerce, Brookings, Brookings Institute, Commerce for International Trade, Commerce Locations: China, U.S

☆ U.S. Commerce secretary set to visit China next week as high-level talks continue
▼ + stars: | 2023-08-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

U.S. Commerce Secretary Gina Raimondo speaks during a Senate hearing in Washington, D.C., on May 16, 2023. BEIJING — U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday. Her planned trip will be the third by a high-ranking U.S. official since U.S. Secretary of State Antony Blinken traveled to China in June. The Chinese side's readout said Raimondo's forthcoming visit was at the invitation of Chinese Minister of Commerce Wang Wentao. She is also set to discuss "issues relating to the U.S.-China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation," the U.S. readout said.

Persons: Gina Raimondo, Antony Blinken, of Commerce Wang Wentao, Raimondo Organizations: Commerce, Washington , D.C, U.S, of Commerce, U.S . Locations: Washington ,, BEIJING — U.S, China, U.S

☆ US commerce secretary to visit China next week for talks
▼ + stars: | 2023-08-22 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Elizabeth Acquire Licensing Rights Read moreWASHINGTON, Aug 22 (Reuters) - U.S. Commerce Secretary Gina Raimondo will travel to China next week for meetings with senior Chinese government officials and U.S. business leaders, the department said on Tuesday. Last month, Raimondo vowed to go forward with the visit despite the reported Chinese hacking of her department's emails. The talks would cover issues related to the U.S.- China commercial relationship, challenges faced by U.S. businesses, and areas for potential cooperation, it added. Last week, China said it welcomed Raimondo's expected visit. Her trip follows a four-day visit last month by Treasury Secretary Janet Yellen, who held more than 10 hours of meetings with senior officials in Beijing.

Persons: Gina Raimondo, Raimondo, Raimondo's, Janet Yellen, Biden, Wang Wentao, David Shepardson, Clarence Fernandez Organizations: Commerce, . Security, Competitiveness, U.S ., REUTERS, Elizabeth, . Commerce, Microsoft, Thomson Locations: China, Washington , U.S, WASHINGTON, Beijing, Shanghai, U.S, United States, Washington

☆ Chinese Premier Li: Sino-U.S. relations, trade cooperation face difficulties
▼ + stars: | 2023-08-21 | 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, Aug 21 (Reuters) - Bilateral relations and economic and trade cooperation between China and the United States are facing difficulties, Chinese Premier Li Qiang told the chair of the U.S.-China Business Council heading a USCBC delegation on a visit to Beijing. "At present, China-U.S. relations and economic and trade cooperation are facing some difficulties, which require both sides to show sincerity, move towards each other and make joint efforts," Li told USCBC chair Marc Casper on Monday, according to the Chinese state news agency Xinhua. Li added that China is willing to work with the U.S. to jointly safeguard international trade rules and ensure the stability of global industrial chains. Reporting by Ella Cao, Liangping Gao in Beijing and Meg Shen in Hong Kong, editing by Ed Osmond and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, John Kerry, Florence Lo, Li's, Gina Raimondo's, Li, Marc Casper, Casper, Jin Zhuanglong, Ella Cao, Liangping Gao, Meg Shen, Ed Osmond, Mark Heinrich Our Organizations: U.S, of, People, REUTERS, Rights, U.S ., China Business Council, U.S . Commerce, Bloomberg, Xinhua, Chinese Industry, Ministry of Industry, Information Technology, Thomson Locations: Beijing, China, Rights BEIJING, United States, U.S, Hong Kong

/U.S House of Representatives/Handout via REUTERS /File PhotoWASHINGTON, Aug 15 (Reuters) - Nebraska Republican Congressman Don Bacon said late on Monday the FBI had warned him that his emails were hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told that the Chinese Communist Party had access to his accounts for about a month ending on June 16, he said on social media platform X, formerly known as Twitter. CNN previously reported that email accounts in the House of Representatives were targeted as part of the same campaign. The Chinese Embassy in Washington did not immediately respond to a message seeking comment. Reporting by Christopher Bing and Raphael Satter; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Don Bacon of Nebraska, Don Bacon, Bacon, Gina Raimondo, China Nicholas Burns, Christopher Bing, Raphael Satter, Devika Organizations: Republican U.S . Rep, U.S . House, REUTERS, Nebraska Republican, FBI, Chinese Communist Party, Twitter, Microsoft, U.S, U.S . Commerce, CNN, Communist, Embassy, Air Force, House Armed Services Committee, Thomson Locations: Nebraska, China, Washington

☆ Microsoft's role in data breach part of US cyber inquiry -Bloomberg News
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +1 min

A Microsoft logo is seen in Los Angeles, California U.S. November 7, 2017. REUTERS/Lucy Nicholson/File PhotoCompanies Microsoft Corp FollowAug 10 (Reuters) - A U.S. cybersecurity advisory panel will investigate risks in cloud computing that will also include Microsoft Corp's (MSFT.O) role in the recent breach of government department email systems by suspected Chinese hackers, Bloomberg News reported on Thursday. That access was used to spy on the communications of U.S. Commerce Secretary Gina Raimondo and senior State Department diplomats. The U.S. House of Representatives Oversight Committee last week said it was opening an investigation into China's suspected involvement in recent breaches of Commerce and State department email systems. Reporting by Gokul Pisharody in Bengaluru; Editing by Himani Sarkar and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucy Nicholson, Ron Wyden, Gina Raimondo, CISA, Gokul, Himani Sarkar, Jamie Freed Organizations: Microsoft, Los Angeles , California U.S, REUTERS, Bloomberg, Federal Trade Commission, Infrastructure Security Agency, Justice Department, U.S . Commerce, State Department, U.S . House, Commerce, Thomson Locations: Los Angeles , California, U.S, Oregon, Bengaluru

REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The administration is expected to target active investment such as U.S. private equity, venture capital and joint venture investments in China in semiconductors, quantum computing and artificial intelligence. Most investments captured by the order will require that the government be notified about them, sources have said. The details are still a work in progress, but it is unlikely to cover passive or securities investments, the person said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln, Jonathan Oatis Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

U.S. President Joe Biden delivers remarks on access to mental health care in the East Room of the White House in Washington, U.S., July 25, 2023. REUTERS/Elizabeth Frantz/File PhotoNEW YORK/WASHINGTON, Aug 8 (Reuters) - The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue a the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The White House declined to comment on Tuesday. Most investments captured by the order will require that the government be notified about them, sources have said.

Persons: Joe Biden, Elizabeth Frantz, Biden, Jake Sullivan, Gina Raimondo, Emily Benson, Benson, David Shepardson, Karen Freifeld, Lincoln Organizations: White, REUTERS, Reuters, National, . Commerce, The New York Times, U.S . Department of Commerce, Center for Strategic, International Studies, Thomson Locations: Washington , U.S, WASHINGTON, China, U.S, Beijing, United States

☆ White House to detail plans restricting some U.S. investments in China: Reuters
▼ + stars: | 2023-08-09 | by ( ) www.cnbc.com time to read: +1 min

The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China. The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. Reuters reported on Friday that President Joe Biden was expected to soon issue a the long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on U.S. investment in China will be narrowly targeted.

Persons: Joe Biden, Biden, Jake Sullivan, Gina Raimondo Organizations: Reuters, . Commerce Locations: China, U.S, Beijing

☆ US Commerce secretary says hack was significant, unacceptable
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, July 21 (Reuters) - U.S. Commerce Secretary Gina Raimondo said on Friday that U.S. authorities are still investigating a hack reported by Microsoft involving her emails and she would not speculate on whether China was behind it. Raimondo was among a group of senior U.S. officials whose emails were hacked earlier this year by a group Microsoft (MSFT.O) said was based in China, according to a person briefed on the matter. "We don't know yet the full extent of it," Raimondo said in an interview with CNN. Asked if she believed China was behind the hack, Raimondo said she did not know and would not speculate. "It's a significant hack.

Persons: Gina Raimondo, Raimondo, Antony Blinken, Wang Yi, Doina Chiacu, Sharon Singleton Organizations: . Commerce, Microsoft, CNN, ., State Department, Thomson Locations: China, Jakarta, U.S

☆ Factbox: The Chinese groups accused of hacking the US and others
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +4 min

July 21 (Reuters) - Chinese hacking teams have been blamed by Western intelligence agencies and cybersecurity groups for digital intrusion campaigns across the world, targeting everything from government and military organisations to corporations and media groups. The Chinese authorities said it was not aware of such hacking and described the accusations as baseless. Palo Alto Networks, a U.S. cybersecurity firm, said its research showed BackdoorDiplomacy had links to the Chinese state and was part of the APT15 hacking group. The Chinese authorities have described such reports as "groundless accusations." APT 27Western intelligence agencies and cybersecurity researchers say Chinese hacking team APT 27 is sponsored by the state and has launched multiple attacks on Western and Taiwanese government agencies.

Persons: Gina Raimondo, China Nicholas Burns, Daniel Kritenbrink, BackdoorDiplomacy, TeamT5, Nancy Pelosi, Pelosi, Mandiant, Fanny Potkin, John Geddie, Jamie Freed Organizations: Microsoft, . Commerce, Wall, Storm, Reuters, Alto Networks, APT, U.S Department Justice, U.S, Thomson Locations: China, Beijing, U.S, East Asia, Washington, Western, Taiwan, Japan, South Korea, United States, Hong Kong

☆ Yellen's China trip yields long meetings, 'cordial' tone, but no consensus
▼ + stars: | 2023-07-10 | by ( David Lawder | ) www.reuters.com time to read: +5 min

"The accomplishment of the meeting was the meeting itself, not specific issues," said Scott Kennedy, a China economics expert at the Center for Strategic and International Studies in Washington. A senior U.S. Treasury official accompanying Yellen on her first trip to China as secretary described it as "respectful, frank and constructive," adding: "She was warmly received." Her meeting on Saturday with He, China's new economic czar, was scheduled for two hours but lasted five, followed by a "cordial" dinner, the official said. In the meantime, Yellen said the talks set the stage for more frequent U.S.-China communications at the staff level about economic issues, including areas of disagreement. A possible venue for this would be the Asia-Pacific Economic Cooperation summit in San Francisco in November.

Persons: Janet Yellen, Yellen, Lifeng, Scott Kennedy, Premier Li Qiang, Pan Gongsheng, Joe Biden's, Jake Colvin, Hong Hao, Hong, Colvin, Biden, John Kerry, Gina Raimondo, Xi Jinping, Wang Yiwei, David Lawder, Andrea Shalal, Ryan Woo, Ellen Zhang, Qiaoyi Li, Stephen Coates Organizations: . Treasury, U.S, Center for Strategic, International Studies, Global Times, Treasury, Premier, People's Bank of China, National Foreign Trade Council, Grow Investment, . Commerce, Renmin University, Economic Cooperation, Thomson Locations: Beijing, China, Washington, China's, U.S, United States, Hong Kong, Asia, San Francisco, Anchorage , Alaska

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