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U.S. Commerce Secretary Gina Raimondo talks to Chinese Premier Li Qiang during a meeting at the Great Hall of the People in Beijing, China Tuesday, August 29, 2023. "China is actively advancing its high-level opening-up and making efforts to provide a world-class, market-oriented business environment governed by a sound legal framework," he said. Raimondo is in Shanghai on Wednesday for the last day of meetings before returning to the United States. Asked what her message was to U.S. business in China, Raimondo said: "The message is to continue to do what you're doing. Michael Hart, president of the American Chamber of Commerce in China, said businesses had been "very clear" in making their concerns known to the Chinese government.

Persons: Gina Raimondo, Li Qiang, Andy Wong, Biden, Raimondo, Liu Pengyu, Michael Hart, Hart, Chen Jining, Chen, Walt Disney, David Shepardson, Andrea Shalal, Chan, Jason Xue, Joe Cash, Martin Quin Polland, Tian, Sandra Maler, Robert Birsel Organizations: Commerce, of, People, REUTERS Acquire, Rights, . Commerce, Commerce Department, Global, American Chamber of Commerce, chipmaker Micron Technology, Micron, Shanghai, Shanghai Disneyland, Walt, Shendi Group, Boeing, Thomson Locations: Beijing, China, Rights SHANGHAI, WASHINGTON, United States, Washington, Shanghai, U.S, New York

Andy Wong | Afp | Getty ImagesBEIJING — U.S. Commerce Secretary Gina Raimondo has called on China to improve the predictability of the business environment for American companies in the country. "There's an appetite certainly for U.S. business to continue to do business in China," she said, adding however that "It's an unlevel playing field for U.S. business. Foreign companies in China have long complained about market access challenges including forced tech transfers and preferential treatment for local companies, especially state-owned enterprises. Gina Raimondo U.S. Commerce SecretaryThe updated law is of "great concern" to U.S. companies, Raimondo said. Foreign business organizations have noted improvements over the years in China's protection of intellectual property.

Persons: Gina Raimondo, China Nick Burns, Premier Li Qiang, Andy Wong, Raimondo, CNBC's Eunice Yoon, Biden, Stephen Olson Hinrich, Stephen Olson Organizations: Premier, of, People, Afp, Getty, U.S . Commerce, U.S, Trump, U.S . Department of Commerce's, of Industry, Security, Commerce, CNBC, Foundation, Biden, Boeing, Bloomberg Locations: China, Beijing, BEIJING, U.S, Shanghai, America, The U.S

☆ Commerce chief says US firms complain China is 'uninvestible'
▼ + stars: | 2023-08-29 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

[1/4] U.S. Commerce Secretary Gina Raimondo and Chinese Premier Li Qiang have a light moment during a meeting at the Great Hall of the People in Beijing, China, August 29, 2023. "Increasingly I hear from American business that China is uninvestible because it's become too risky," she said. Raimondo insists the United States does not want to decouple from China. The United States and China used to be each other's largest trading partners but Washington now trades more with neighbors Canada and Mexico, while Beijing deals more with Southeast Asia. Reuters Graphics Reuters Graphics"All of that creates uncertainty and unpredictability," Raimondo said of recent Chinese actions.

Persons: Gina Raimondo, Li Qiang, Andy Wong, Raimondo, it's, Biden, John Ramig, Buchalter, Raimondo's, Mintz, JP Morgan, " Raimondo, David Shepardson, Joe Cash, Samuel Shen, Clarence Fernandez, Angus MacSwan, Mark Heinrich, Jonathan Oatis, Nick Macfie Organizations: . Commerce, of, People, REUTERS Acquire, Rights, U.S, chipmaker Micron Technology, Beijing, Companies, Micron, Intel, Boeing, Reuters Graphics Reuters, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Washington, United States, U.S, Canada, Mexico, Southeast Asia

☆ US isn’t trying to hold China’s economy back, says Commerce Secretary Raimondo
▼ + stars: | 2023-08-29 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The United States is not seeking to decouple from China’s economy or hold it back, Commerce Secretary Gina Raimondo told senior Chinese economic officials Tuesday in Beijing. Hours later, when she met with Chinese Premier Li Qiang, Raimondo emphasized that point. “A well-maintained economic and trade relationship is beneficial to both [our] countries and the whole world.”“We hope that commercial relationship can provide stability for the overall relationship,” Raimondo said in reply to Li. He said that he hoped the United States will work with China to “adopt rational and practical practices” and put the leaders’ recommendations into practice. On Monday, Raimondo said it was “profoundly important” that the US and China have a stable economic relationship.

Persons: Gina Raimondo, ” Raimondo, Lifeng, ”, Premier Li Qiang, Raimondo, “, Biden, Li, Xi Jinping, Joe Biden, Hu Heping Organizations: Hong Kong CNN, Premier, “, Culture and Tourism, Biden, United States Locations: Hong Kong, United States, Beijing, China, United, Bali

☆ Commerce secretary says US firms complain China is 'uninvestable'
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: +2 min

U.S. Commerce Secretary Gina Raimondo arrives for a meeting with her Chinese counterpart Wang Wentao, at the Ministry of Commerce in Beijing, Monday, Aug. 28, 2023. U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become "uninvestable," pointing to fines, raids and other actions against firms that have made it too risky to do business in the world's second-largest economy. The comments, made to reporters onboard a train as her delegation of U.S. officials headed from Beijing to Shanghai, provided a bleak picture of how U.S. firms view China and were the bluntest Raimondo has made on her trip. "Increasingly I hear from American business that China is uninvestable because it's become too risky," she said. "So businesses look for other opportunities, they look for other countries, they look for other places to go."

Persons: Gina Raimondo, Wang Wentao, Raimondo, it's, Premier Li Qiang, Biden, Li Organizations: Commerce, Ministry of Commerce, . Commerce, U.S, chipmaker Micron Technology, Beijing, Premier, of Locations: Beijing, China, Shanghai, United States

☆ China's rare earths dominance makes U.S. supply chains vulnerable, trade representative says
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

watch nowChina's dominance in rare earths makes U.S. supply chains vulnerable, U.S. Trade Representative Katherine Tai said in an exclusive interview Saturday with CNBC's Martin Soong. "And until we are able to access and create additional supply chains we remain entirely vulnerable to that leverage," the U.S. trade representative said. But lower labor costs overseas, as well as less pressure on environmental standards, helped send the rare earths industry out of the U.S. watch nowIn the case of rare earths, Tai pointed out that China has a monopoly in the global market. While lithium is a key component of electric car batteries, it isn't one of the 17 metals scientifically categorized as rare earths.

Persons: Katherine Tai, CNBC's Martin Soong, Tai, Trump, Biden, Li Qiang, Gina Raimondo Organizations: U.S . Trade, B20, CNBC Locations: U.S, China, New Delhi, India, Beijing

☆ Exclusive: German guarantees for China investments plummet -document
▼ + stars: | 2023-08-23 | by ( Andreas Rinke | ) www.reuters.com time to read: +2 min

The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. Only 51.9 million euros ($56.26 million) in guarantees have been issued so far this year, according to the document seen by Reuters, less than a tenth of the 745.9 million euros in guarantees issued over the whole of last year. Slowing growth, however, has concentrated minds in Berlin, where officials fret that ever-more-advanced Chinese manufacturing poses a threat to Germany's economic model. "China has changed, and that's why our policy towards China also needs to change," Foreign Minister Annalena Baerbock said on Tuesday. Companies can invest without government guarantees, meaning real changes in levels of German FDI in China may have fallen by less.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch, Annalena Baerbock, Andreas Rinke, Thomas Escritt, Rachel Armstrong, Kirsti, Marguerita Choy Organizations: REUTERS, Rights, Reuters, Germany's, Companies, U.S, Thomson Locations: Germany, China, Berlin, Ukraine

☆ China will develop core industries in digital economy
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: 1 min

Persons: Li Qiang, John Kerry, Florence Lo, Li, Liangping Gao, Ryan Woo, Jason Neely Organizations: U.S, of, People, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING

☆ 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

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

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

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

☆ New Zealand says it is aware of China-linked intelligence activity in country
▼ + stars: | 2023-08-10 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

JADE GAO/Pool via REUTERS/File PhotoWELLINGTON, Aug 11 (Reuters) - New Zealand is aware of intelligence activity linked to China in and against the island nation and the Pacific region, it said in a report released on Friday. "This is a complex intelligence concern for New Zealand," the New Zealand Security Intelligence Service (NZSIS) said in the annual report. The report also highlighted "foreign interference" activity from Iran and Russia. The report added that, more broadly, the international security environment in which New Zealand operates is now more challenging and less predictable than in recent decades. The intelligence report also noted that technological innovation, global economic instability and declining social trust also posed threats.

Persons: Chris Hipkins, Premier Li Qiang, JADE, Alexei Navalny, Andrew Hampton, NZSIS, Lucy Craymer, Richard Chang, Muralikumar Organizations: Zealand, Premier, of, People, JADE GAO, New Zealand, New Zealand Security Intelligence Service, New, Russian Embassy, Thomson Locations: Beijing, New Zealand, China, New, Wellington, Australia, Britain, Canada, United States, Iran, Russia, Iranian, Russian

☆ China targeting German tech 'through back door' with licences - report
▼ + stars: | 2023-08-09 | by ( Reinhard Becker | ) www.reuters.com time to read: +2 min

The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. REUTERS/Fabrizio BenschBERLIN, Aug 9 (Reuters) - China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. Tech licences are one way for China to try to get in "through the back door", he told Reuters. As a result, direct investments and takeover bids by Chinese companies have attracted scrutiny in Berlin in recent months. Through licensing agreements, Chinese companies can gain legal permission to use German technology.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch BERLIN, Juergen Matthes, China's Cosco, Rachel More, Kirsti Knolle, Sharon Singleton Organizations: REUTERS, Tech, Reuters, Thomson Locations: Germany, China, Berlin, Russia, Hamburg

☆ China to resume 15-day visa-free entry for citizens of Singapore and Brunei
▼ + stars: | 2023-07-24 | by ( Charmaine Jacob | Lisa Lucas | ) www.cnbc.com time to read: +1 min

Travelers arrive at the departure hall in Singapore Changi airport in Singapore on March 31, 2023. SINGAPORE — China will reinstate its 15-day visa-free entry for citizens of Singapore and Brunei from July 26, according to the embassies of both countries. Singapore citizens will be able to enter China without a visa for 15 days if they are there for business, tourism, family visits and transit, the Chinese embassy to Singapore said. Singapore and China have long enjoyed strong economic ties, with leaders from both sides meeting this year. The resumption of the visa-free entry policy "will facilitate people and business flows between our countries and pave the way for deeper bilateral cooperation," Singapore's Ministry of Foreign Affairs said in a Facebook post.

Persons: Lee Hsien Loong, Xi Jinping, Lawrence Wong, Li Qiang Organizations: Ministry of Foreign Affairs Locations: Singapore Changi, Singapore, SINGAPORE — China, Brunei, China, Beijing

REUTERS/Stringer/File PhotoSummary Countries at odds over which should pay climate financeEU wants China to contribute to climate fundsChina among countries not currently obliged to payBRUSSELS/BEIJING, July 21 (Reuters) - Record-breaking heat in China. The EU, today the biggest contributor of climate finance, has lobbied to expand the pool of donor countries that provide it. Climate finance refers to money that wealthy countries pay toward helping poorer nations reduce CO2 emissions and adapt to a hotter, harsher world. Advocates for the change argue that an expansion needs to happen before a new - and, likely, far bigger - U.N. target for climate finance kicks in after 2025. "It would earn China diplomatic clout, and pressure Western donors to raise their stakes on climate finance," he said.

Persons: Stringer, John Kerry, Janet Yellen, Kerry, Li Qiang, Pa'olelei Luteru, Luteru, Byford Tsang, Kate Abnett, Valerie Volcovici, Katy Daigle, Stephen Coates Organizations: REUTERS, BRUSSELS, U.S, Union, Reuters, EU, United Arab Emirates, of Small, WHO, United, Climate Cooperation, Initiative, Bridgetown Initiative, Thomson Locations: Hangzhou, Zhejiang province, China, EU, BEIJING, COP28, Dubai, Beijing, U.S, Brazil, Saudi Arabia, Qatar, Singapore, States, United States, South Korea, U.N, Barbados, Bridgetown, Brussels

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

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

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

July 14 (Reuters) - Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of faster rate cuts in many less developed markets. Refinitiv Lipper data shows money inflows into emerging market (EM) equity funds hit $30.55 billion in the first half of the year, compared with outflows of $88.65 billion from developed market equity funds. Data from the Institute of International Finance on Thursday also showed foreigners injected a staggering $22 billion net into emerging market portfolios in June, marking the highest influx since January. read moreThe case for emerging markets, analysts say, is they were ahead of developed markets in tightening monetary policy and are now beginning to reap the rewards of falling inflation, lower borrowing costs and improved growth. An over-leveraged real estate sector impedes growth," said Derek Izuel, chief investment officer and portfolio manager of the Shelton Emerging Markets Fund.

Persons: World's, Malcolm Dorson, Li Qiang, Derek Izuel, Patturaja, Vidya Ranganathan, Conor Humphries Organizations: Institute of International Finance, U.S . Fed, European Central Bank, Reuters Graphics, Reuters, Global, Shelton, Markets Fund, Thomson Locations: Hungary's, Europe, U.S, China

☆ Alibaba's Ele.me platform signs wages, safety contracts as tech crackdown ends - media
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 13 (Reuters) - Alibaba's Ele.me on Thursday became China's first delivery platform to sign collective contracts on wages and labour safety with its staff, official media reported, as Beijing signals an end to its crackdown on the tech sector. The contracts will apply to 3 million workers on the platform across 11,000 delivery stations in China, according to state-backed media Workers' Daily. The contracts "fully addressed" workers' biggest issues such as labour remuneration, protection and insurance benefits, the report said. Ele.me and service providers are also required to improve communication channels with food delivery couriers, the report added. Reporting by Brenda Goh in Shanghai and Ethan Wang in Beijing; editing by Jason Neely and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Alibaba, Ele.me's, Premier Li Qiang, Meituan, Brenda Goh, Ethan Wang, Jason Neely, Devika Organizations: Workers, Premier, Thomson Locations: BEIJING, Beijing, China, Shanghai

BEIJING, July 13 (Reuters) - China's exports contracted last month at their fastest pace since the onset three years ago of the COVID-19 pandemic, as an ailing global economy puts mounting pressure on Chinese policymakers for fresh stimulus measures. Momentum in China's post-pandemic recovery has slowed after a brisk pickup in the first quarter, with analysts now downgrading their projections for the economy for the rest of the year as factory output slows in the face of persistently weak global demand. Outbound shipments from the world's second-largest economy slumped a worse-than-expected 12.4% year-on-year in June, data from China's Customs Bureau showed on Thursday, following a drop of 7.5% in May. Imports contracted 6.8%, steeper than an expected 4.0% decline and the previous month's 4.5% fall. With exports accounting for about one-fifth of the economy and the troubled property sector for about one-third, China's prospects have dimmed for a quick recovery after COVID-related lockdowns battered the economy in 2022.

Persons: Zichun Huang, Xu Tianchen, Li Qiang, Zhiwei Zhang, Joe Cash, Ellen Zhang, Edmund Klamann Organizations: Customs, . Imports, Reuters, Capital Economics, Administration of Customs, Exports, Economist Intelligence Unit, Management, Thomson Locations: BEIJING, China, Beijing, United States, Russia

☆ China's June exports fall 12.4%, imports drop 6.8%
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

BEIJING, July 13 (Reuters) - China's exports fell 12.4% in June year-on-year, while imports contracted 6.8%, customs data showed on Thursday, suggesting manufacturers are struggling to find buyers while overseas economies wrestle with inflation and rising interest rates. A Reuters poll of economists had forecast exports to have shrunk 9.5% and imports to have fallen 4.0%. The drop in exports was the worst since the onset of the COVID-19 pandemic more than three years ago. That is less than half the rates typical throughout recent decades and creates the feel of an economy in recession. South Korean shipments to China, a leading indicator for China's imports, fell 19.0% last month, the smallest decline since October but suggesting demand for semiconductors and other components used to manufacture electronic goods remains weak.

Persons: Li Qiang, Joe Cash, Edmund Klamann Organizations: Thomson Locations: BEIJING, China

☆ Germany publishes new strategy on 'increasingly assertive' China
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +3 min

[1/3] The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. REUTERS/Fabrizio BenschBERLIN, July 13 (Reuters) - Germany published its long-awaited China strategy on Thursday, which took stock of an "increasingly assertive" Beijing and outlined possible responses such as outbound investment controls on cutting-edge technology with military use. However, it was also increasingly assertive in its attempts to change the rules-based international order with consequences for global security. Germany would expand its close relations with Taiwan while continuing to adhere to the "One China policy", which recognises the government of the People's Republic of China as the sole legal government of China. On the economy, the strategy outlined proposals to reduce critical dependencies on China, in line with what has previously been agreed by the European Union.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch BERLIN, Chancellor Olaf Scholz's, Sarah Marsh, Andreas Rinke, Matthias Williams, Friederike Heine, Miranda Murray, Rachel More, Alex Richardson Organizations: REUTERS, European, Volkswagen, BASF, BMW, Government, Thomson Locations: Germany, China, Berlin, Beijing, West, Russia, Taiwan, People's Republic of China

☆ 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

☆ Yellen's latest trip helps set a new normal for the U.S.-China relationship
▼ + stars: | 2023-07-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Cabinet member to visit China in a month, setting the stage for more high-level communication between the two countries. In coming days, John Kerry, special presidential envoy for climate, also plans to visit China, he told the The New York Times. She said she told her Chinese counterparts that any curbs on U.S. outbound investments would be "very narrowly targeted." Yellen's visit this past Thursday to Sunday came about three weeks after Blinken met with Chinese President Xi Jinping in Beijing. He also leads China-U.S. economic and trade cooperation efforts, according to a state media report that described his meeting with Yellen as "constructive."

Persons: Li Qiang, Janet Yellen, Mark Schiefelbein, John Kerry, Antony Blinken, Yifan Hu, Yellen, Blinken, Xi Jinping, Scott Kennedy Organizations: U.S, Treasury, of, People, Afp, Getty, U.S . Cabinet, New York Times, CNBC, Asia Pacific, UBS Global Wealth Management, Ministry of Finance, Commerce Ministry, CBS, Scott Kennedy Center for Strategic, International Locations: Beijing, BEIJING, U.S, China, Asia

☆ Solomon Islands signs China policing deal in upgrade of ties
▼ + stars: | 2023-07-10 | by ( ) edition.cnn.com time to read: +4 min

China and the Solomon Islands on Monday signed a deal on police cooperation as part of an upgrade of their relations to a “comprehensive strategic partnership,” four years after the Pacific nation switched ties from Taiwan to China. “In just four years, the relationship between China and the Solomon Islands has developed rapidly, and we can now say that it is very fruitful,” Li told Sogavare. China will continue to provide assistance to the Solomon Islands to enhance its law enforcement capacity, according to a joint statement released by China’s state-run Xinhua news agency. China has long supported so-called South-South cooperation, which refers to cooperation between developing nations as equals for mutual benefit. Chinese telecoms giant Huawei is already building a cellular network in the Solomon Islands, financed by a $66 million Chinese EXIM bank loan.

Persons: ”, Manasseh Sogavare, Premier Li Qiang, Sogavare, Solomon, ” Li, Washington “, ’ Sogavare, Xi Jinping, ” Xi, Xi Organizations: Solomon Islands, Premier, “, US National Security Council, Xinhua, Huawei, “ Sports, Pacific Games Locations: China, Solomon Islands, Pacific, Taiwan, Beijing, United States, Australia, Taipei, Solomon, Japan, Britain, Honiara

☆ China, Solomon Islands sign policing pact in upgrade of ties
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +5 min

[1/3] Flags of Solomon Islands and China flutter near the Tiananmen Gate in Beijing, China July 11, 2023. "In just four years, the relationship between China and the Solomon Islands has developed rapidly, and we can now say that it is very fruitful," Li told Sogavare. The official added that the U.S. was committed to a strong relationship with the region and strengthening longstanding bonds with the people of Solomon Islands. Xi told Sogavare China supports more of its firms investing in the Solomon Islands and will continue to provide economic and technical assistance "without political strings attached". Chinese telecoms giant Huawei is already building a cellular network in the Solomon Islands, financed by a $66 million Chinese EXIM bank loan.

Persons: Florence Lo, Xi, Manasseh Sogavare, Premier Li Qiang, Sogavare, Solomon, Li, Washington, China's, Xi Jinping, Ethan Wang, Ella Cao, Ryan Woo, Kirsty Needham, David Brunnstrom, Himani Sarkar, Robert Birsel, Mark Heinrich, Lincoln Organizations: REUTERS, Solomon Islands, Beijing, BEIJING, Premier, U.S . National Security Council, China's, Xinhua, Huawei, Pacific Games, Thomson Locations: of Solomon Islands, China, Beijing, Florence, Taiwan, Solomon Islands, Pacific, United States, Australia, U.S, Solomon, Japan, Britain, Honiara, Sydney, Washington

☆ China's state planner holds meeting with private firms, including Baidu
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 10 (Reuters) - China's state planner said on Monday it held a meeting with private firms including Baidu (9888.HK) and LONGi Green Energy Technology (601012.SS). This is the second round of dialogue between the NDRC and private firms. Chinese Premier Li Qiang heads the State Council, or cabinet, which oversees the state planner. He has been attempting to reassure the private sector as part of his drive to re-invigorate China's post-pandemic economy. Reporting by Beijing newsroom; Editing by Jacqueline Wong and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Jacqueline Wong Organizations: Baidu, HK, Green Energy Technology, National Development, Reform Commission, State Council, Beijing, Thomson Locations: BEIJING

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