DIRS.INFO The most relevant business & tech news

☆ The Story About the Story About San Francisco
▼ + stars: | 2023-11-16 | by ( James Freeman | ) www.wsj.com time to read: 1 min

San Francisco Mayor London Breed at a flag-raising ceremony for the APEC Summit last week at City Hall. This column recently noted the feverish effort by San Francisco officials to present their city as safe and thriving while dignitaries are in town for the Asia-Pacific Economic Cooperation summit. Mayor London Breed is especially eager to create a new media narrative about the city’s problems. But headlines don’t invent themselves and this week brings yet another reminder that if Ms. Breed doesn’t want media outlets to write stories about lawlessness then she will need to enforce laws.

Persons: Eric Risberg, London Breed, Breed Organizations: San Francisco Mayor London Breed, APEC, City, San Francisco, Economic Cooperation, London Locations: Asia

☆ Trans-Pacific trade deal members meet at APEC summit, say open to new members
▼ + stars: | 2023-11-16 | by ( David Lawder | ) www.reuters.com time to read: +2 min

A sign advertising the upcoming APEC (Asia-Pacific Economic Cooperation) Summit in see as the city prepares to host leaders from the Asia-Pacific region in San Francisco, California November 8, 2023. The lack of an IPEF trade deal is a setback for the Biden administration. The CPTPP is the successor to the Trans-Pacific Partnership free trade deal, from which former President Donald Trump withdrew as soon as he took office in 2017. The CPTPP meeting on the sidelines of the APEC leaders' summit was the first ministerial to include new member Britain, which signed up to the trade bloc in July. The current CPTPP members are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United Kingdom, and Vietnam.

Persons: Carlos Barria, Biden, Donald Trump, CPTPP, David Lawder, Lincoln Organizations: APEC, Economic Cooperation, REUTERS, FRANCISCO, Trans, Pacific, U.S, Economic, Pacific Partnership, Britain, Thomson Locations: Asia, Pacific, San Francisco , California, States, San Francisco, Taiwan, Costa Rica, Ecuador, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United Kingdom, Vietnam

☆ The Biden-Xi Truce of the Moment
▼ + stars: | 2023-11-16 | by ( The Editorial Board | ) www.wsj.com time to read: +1 min

President Joe Biden greets Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation (APEC) Leaders' week in Woodside, Calif., Nov. 15. Photo: brendan smialowski/Agence France-Presse/Getty ImagesPresident Biden met Chinese President Xi Jinping on Wednesday in California, and the atmospherics suggested a new era of bilateral good feelings. Both sides have reasons at the moment to appear to be getting along better. Mr. Xi needs foreign investment and export markets to offset the real-estate crash and excessive debt that are slowing China’s economy. He’s put Beijing’s “wolf warrior” diplomats in the closet for now, though they could return at any time.

Persons: Joe Biden, Xi Jinping, brendan smialowski, Biden, Xi, He’s Organizations: Economic Cooperation, APEC, Agence France, Getty Locations: Asia, Woodside , Calif, California, U.S

☆ APEC Summit Biden Aims to Fortify Ties With Asian Nations at Summit in San Francisco
▼ + stars: | 2023-11-16 | by ( Katie Rogers | ) www.nytimes.com time to read: +12 min

Image President Xi Jinping of China spoke to a crowd of U.S. business executives at a dinner in San Francisco on Wednesday evening. “There are hundreds and hundreds of activists —” Crowd: “Go home Xi Jinping!” “— who are coming together from all corners of this nation.” “We are really upset. 1 question for us is: Are we adversaries or partners?” Mr. Xi asked. Mr. Orlins said the Chinese had prepared three versions of a speech Mr. Xi could deliver that night. After Wednesday’s events with Mr. Biden, Mr. Xi picked the friendliest one.

Persons: Xi Jinping, Carlos Barria, Xi, —, Xi Jinping doesn’t, ”, ” “, Jinping, Josh Edelson, Xi —, Mr, Tim Cook, Larry Fink, BlackRock, Jerry Brown, Elon Musk, ” John L, Holden, Biden, Doug Mills, ” Michael Hart, Jim Wilson, Angus, Gina M, Raimondo, “, Ms, “ I’m, Stephen A, United States — Deng Xiaoping, Jiang Zemin, Hu Jintao, Deng, It’s, ” Mr, Orlins, “ They’re, Jeff Chiu, Biden’s Organizations: Visit, Credit, Agence France, Hyatt Regency, Apple, Boeing, Pfizer, Nike, FedEx, Elon, McLarty Associates, San Francisco . Credit, New York Times, U.S, American Chamber of Commerce, ., Mr, National Committee, United, China Relations, Associated, U.S ., China Business Council, Economic Cooperation, Consulate Locations: China, U.S, San Francisco, Hong Kong, Tibet, United States, California, Filoli, San Francisco ., ”, Iowa, Asia, Pacific

☆ Xi says U.S. and China can only be adversaries or partners, with no middle ground
▼ + stars: | 2023-11-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersBEIJING — The U.S. and China have to choose between being adversaries or partners, Chinese President Xi Jinping told American business executives late Wednesday. Xi Jinping President of China"In this respect, the number one question for us is: are we adversaries, or partners? "No matter how the global landscape evolves, the historical trend of peaceful coexistence between China and the United States will not change," Xi said. Regarding earlier conversations with Biden, Xi said "we agreed to make the cooperation list longer and the pie of cooperation bigger." Xi Jinping President of China

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Xi, Tim Cook, Cristiano Amon —, Gina Raimondo Organizations: Economic Cooperation, Reuters, Beijing, U.S, Apple, Qualcomm, U.S ., China Business Council, National Committee, China Relations, Pandas, San Diego Zoo Locations: Filoli, Asia, Woodside , California, U.S, Reuters BEIJING, The U.S, China, San Francisco, United States, Beijing

☆ Citi CEO Fraser touts 'clear benefits' of diversifying supply chains
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Jane Fraser, Chief Executive Officer of Citi, speaks during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsNov 16 (Reuters) - Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "clear benefits", Citigroup (C.N) CEO Jane Fraser said on Thursday. Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains, a debate has raged over how integrated the global economy will be in the future. Some businesses are responding by "nearshoring" - the trend of locating manufacturing capacity in Mexico, closer to the U.S. market - to keep supply chains more stable. Disruptions to the "old system" signal globalization is changing and would lead to more trade relationships and diversified supply chains.

Persons: Jane Fraser, Tyrone Siu, Fraser, Niket Nishant, Manya, Pooja Desai Organizations: Citi, Global Financial, Investment, REUTERS, Citigroup, Asia Pacific Economic Cooperation, Comprehensive Economic, Trans, Pacific Partnership, Manya Saini, Thomson Locations: Hong Kong, China, Ukraine, United States, Beijing, Mexico, U.S, India, Vietnam, Malaysia, San Francisco, Bengaluru

☆ Beijing won't take potential use of military force off the table: Strategic advisory firm
▼ + stars: | 2023-11-16 | 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 EmailBeijing won't take potential use of military force off the table: Strategic advisory firmKenneth Jarrett, senior advisor at Albright Stonebridge Group, discusses the meeting of U.S. President Joe Biden and Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit.

Persons: Kenneth Jarrett, Joe Biden, Xi Jinping Organizations: Beijing, Albright, Group, Economic Cooperation Locations: Asia

U.S. President Joe Biden and China’s Xi Jinping, who met in San Francisco on Wednesday, may disagree on the terminology. Barely half the manufactured goods imported into the United States from low-cost Asian countries now come from China. Chinese firms have raised just $529 million from initial and secondary stock offerings in the United States in the year to mid-October. But the conscious decoupling between the U.S. and China looks set to continue. Follow @ugalani and @a_fitri_alias on XCONTEXT NEWSU.S. President Joe Biden and Chinese President Xi Jinping met on Nov. 15 in San Francisco on the sidelines of the Asia-Pacific Economic Cooperation forum.

Persons: Xi, Joe Biden, Kevin Lamarque, friendshoring, China’s Xi Jinping, Breakingviews, Donald Trump, China’s ByteDance, Reuters Graphics Reuters Graphics Goldman Sachs, Xi Jinping, Una, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: U.S, Economic Cooperation, REUTERS, Rights, Reuters, People’s Republic . U.S, People’s, World Trade Organization, Reuters Graphics Reuters, FRAYING FINANCE, U.S . Federal Reserve, Federal, Investment Board, HK, Republican, Reuters Graphics Apple, United, Reuters Graphics Reuters Graphics, Thomson Locations: Filoli, Asia, Woodside , California, U.S, Rights MUMBAI, United States, China, Washington, People’s Republic ., San Francisco, People’s Republic, Southeast Asia, Hong Kong, That’s, New York, Greater China, India, TAIWAN, Taiwan, Una Galani, Mumbai, London

While key issues like U.S. sanctions on chip exports remain unresolved, Chinese state media is now striking a different tone, focusing on Xi's smile during past trips to Iowa, fireside chats with its residents, and sharing chocolates with Biden. With official ties still strained, Chinese state media has focused on relations between the people and emphasised the potential for cooperation and importance of the summit for the Asia-Pacific region. Gary Dvorchak, an Iowan considered by Xi an old friend of China, said Xi's fondness for Iowa was genuine but that the Chinese leader also used his ties to the state for propaganda value. “It humanises him and it gives him an ability to show a connection to the American people and bypass the American media,” said Dvorchak. On the Weibo Chinese microblogging site, the most popular hashtag on Thursday still harked back to tension over Taiwan: "China must be and will be reunified."

Persons: Xi Jinping, Carlos Barria, Joe Biden, Xi, Biden, Li Mingjiang, Iowans, Gary Dvorchak, ”, Dvorchak, Albee Zhang, Michael Martina, Greg Torode, Robert Birsel Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, REUTERS, Rights, U.S, Rajaratnam School of International Studies, Xinhua, Weibo, Thomson Locations: Asia, San Francisco , California, U.S, Rights BEIJING, California, Iowa, Taiwan, China, Singapore, Pacific, Xinhua, Beijing, Washington, Hong Kong

☆ Analysis: Xi signals shift in tone for China on US – but can it last?
▼ + stars: | 2023-11-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

This reversal comes as China grapples with a troubled economy and is keen to highlight Xi as a powerful and capable world leader. Xi’s opticsOn Chinese state media and across social media platforms, where the hashtag #Planet-Earth-Is-Big-Enough-For-Both-China-And-The-US was trending, the broad perception appeared to be of a job well done. The positive coverage of the event was a break from the typical rhetoric critical of the US that often plays across Chinese state and social media. US President Joe Biden and Chinese leader Xi Jinping walk together during their bilateral meeting. “China will eventually achieve reunification, and will inevitably achieve reunification,” Xi was quoted as saying — another line that was also trending on Chinese social media following the meeting.

Persons: Xi Jinping, Joe Biden, Biden, ”, Antony Blinken, Mao Ning, It’s, Xi, “, Xi’s, Alfred Wu, Lee, Wang Yi, Wang, ” Wang, ” Xi, Tim Cook, Elon Musk, Brendan Smialowski, Liu Dongshu, Biden’s Organizations: Hong Kong CNN, Foreign Ministry, Lee Kuan Yew, of Public Policy, China’s, Economic Cooperation, Apple, Tesla, Getty, Communist Party, Beijing, City University of Hong Locations: China, Hong Kong, United States, Beijing, Washington, Bay, San Francisco Bay Area, Taiwan, Singapore, California, America, Asia, AFP, City University of Hong Kong

☆ Car Talk and Birthday Wishes Punctuate Biden’s ‘Trust but Verify’ Diplomacy
▼ + stars: | 2023-11-16 | by ( Katie Rogers | More About Katie Rogers | ) www.nytimes.com time to read: +2 min

“You know what they call that car?” Mr. Biden asked Mr. Xi. Mr. Biden wished Mr. Xi’s wife a happy birthday. Mr. Xi replied with embarrassment that he had forgotten her birthday was approaching because he had been working so much. At another point, Mr. Biden brandished a picture of a younger Mr. Xi standing on the Golden Gate Bridge. Mr. Biden eventually pierced the “Kumbaya” moment by telling reporters after the carefully coordinated summit that he still considered the Chinese leader a dictator.

Persons: Mr, Biden, Xi, ’, Xi’s, “, ‘, Mao Ning, Biden’s, Donald J, Trump, —, Vladimir V, Putin, Kim Jong Organizations: Economic Cooperation, Mr, North Locations: United States, China, Asia, Washington, Russia, Helsinki, North Korean, Lago, Florida

☆ On sidelines of APEC Summit, Xi Jinping vows to be a ‘partner and friend’ of the US
▼ + stars: | 2023-11-16 | by ( Nectar Gan | Juliana Liu | ) edition.cnn.com time to read: +7 min

CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.

Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, ”, Biden, Dexter Roberts, Roberts, “, ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore

☆ Biden stands by comment that Xi is a 'dictator' hours after their first meeting in a year
▼ + stars: | 2023-11-16 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

WOODSIDE, CALIFORNIA - NOVEMBER 15: U.S. President Joe Biden delivers remarks at a news conference at the Filoli Estate on November 15, 2023 in Woodside, California. The news conference follows a meeting between Biden and Chinese President Xi Jinping during the Asia-Pacific Economic Cooperation (APEC) Leaders' week, their first since meeting at the Indonesian island resort of Bali in November 2022. (Photo by Kent Nishimura/Getty Images)U.S. President Joe Biden has again called his Chinese counterpart a dictator — a move that could potentially unravel the progress made between the world's two leading powers. Shortly after his first meeting with China President Xi Jinping in a year, Biden responded to a question on whether he stood by his June comment labeling Xi a dictator. "Well, look, he is," Biden said Wednesday after the two leaders met on the sidelines of the Asia-Pacific Economic Cooperation in San Francisco.

Persons: Joe Biden, Biden, Xi Jinping, Kent Nishimura, —, Xi, He's Organizations: Economic Cooperation, APEC, China Locations: WOODSIDE , CALIFORNIA, Woodside , California, Asia, Indonesian, Bali, San Francisco

SAN FRANCISCO (AP) — President Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focusing on artificial intelligence, a technology expected to reshape the world, for better or worse. “The world is at an inflection point — this is not a hyperbole," Biden said Thursday at a CEO summit held in conjunction with APEC. None were more bullish than Microsoft CEO Satya Nadella, whose software company has invested more than $10 billion in OpenAI, the startup behind the AI chatbot ChatGPT. That is, we finally have a technology that understands us, not the other way around,” Nadella said at the CEO summit. Musk had been scheduled to discuss his hopes and fears surrounding AI during the CEO summit with Salesforce CEO Marc Benioff, but canceled Thursday because of an undisclosed conflict.

Persons: Joe Biden, Biden, Satya Nadella, ChatGPT, Nadella, “, ” Nadella, Sundar Pichai, ” Pichai, we’ve, Pichai, ”, State Condoleezza Rice, ” Robert Moritz, Moritz, Elon Musk, Musk, Marc Benioff Organizations: FRANCISCO, Valley titans, Economic Cooperation, APEC, Microsoft, Google, Inc, State, Hoover Institution, Stanford University, “, PricewaterhouseCoopers Locations: San Francisco, Asia, OpenAI

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

SAN FRANCISCO, Nov 16 (Reuters) - San Francisco police began arresting protesters calling for a ceasefire in the Israel-Hamas war on Thursday after demonstrations blocked the Bay Bridge, a key commuter route into the city which is hosting the Asia Pacific Economic Cooperation (APEC) forum. Authorities also deployed tow trucks to remove protesters' vehicles blocking the bridge. Local emergency services warned of the blockage during morning rush hour on the bridge which links Oakland and other East Bay cities to San Francisco. Traffic traveling on the bridge toward San Francisco began to move as of about 10:45 a.m. local time (1845 GMT) after a backup. “It is a good idea because they are against a war but I think they should be more safe and protest in the city, not the bridge,” Felix said.

Persons: Claudia Felix, Felix, ” Felix, Max A, Peter Henderson, Omar Younis, Sandra Stojanovic, Mary Milliken, Chizu Nomiyama, Josie Kao Organizations: FRANCISCO, San Francisco, Asia Pacific Economic Cooperation, California, Patrol, Authorities, Palestinian Youth Movement, Palestine Solidarity, Thomson Locations: Israel, U.S, Oakland, San Francisco, Bay, Stockton

☆ Mexico, China nod to stronger ties as leaders agree to promote trade and investment
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

China and Mexico's relationship has strengthened with time, Chinese President Xi Jinping said about the meeting, according to a post from the Asian country's embassy in Mexico, with Sino-Mexican relations becoming increasingly "mutually beneficial." The post added that China "is willing ... to strengthen the articulation of strategies, (and) explore the potential for cooperation ... to promote bilateral relations to a higher level." Mexico President Andres Manuel Lopez Obrador said the two leaders had "committed to continue maintaining good relations for the benefit of our people." Lopez Obrador is also set to meet with Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden during the trip. Lopez Obrador and Xi agreed to combat illegal trafficking of precursor chemicals, Mexican Foreign Minister Alicia Barcena said in a post on social media network X.

Persons: Andres Manuel Lopez Obrador, Xi Jinping, Lopez Obrador, Justin Trudeau, Joe Biden, Biden, Xi, Alicia Barcena, Kylie Madry, Valentine Hilaire, Isabel Woodford, Josie Kao, Stephen Coates Organizations: Economic Cooperation, Reuters, MEXICO CITY, Canadian, U.S, Thomson Locations: Asia, San Francisco , California, U.S, MEXICO, Mexico, San Francisco . China, China, United States

SAN FRANCISCO, Nov 16 (Reuters) - President Joe Biden will highlight strong U.S. ties to the Asia Pacific Economic Cooperation (APEC) forum economies on Thursday, despite a failure to make progress on key trade provisions sought by regional countries. Biden will also take part in an event with the 14-member Indo-Pacific Economic Framework (IPEF) that his administration established to bolster economic engagement after former President Donald Trump quit a long-negotiated regional trade pact in 2017. U.S. hopes for an IPEF trade deal were dashed this week, after members could not agree on improving labor and environmental standards or compliance, people briefed on the talks said. U.S. exports to the region have grown 12%, 60% of U.S. exports are sent to a fellow APEC economy, and APEC members have invested $1.7 trillion into the U.S. economy since 2016, the official said. Biden plans to emphasize his administration's efforts to advance workers' rights in remarks on Thursday, the U.S. official said.

Persons: Joe Biden, Biden, Xi Jinping, Donald Trump, Gina Raimondo, Xi, David Brunnstrom, Nandita Bose, Katharine Jackson, Doina, Heather Timmons, Josie Kao Organizations: FRANCISCO, Asia Pacific Economic Cooperation, APEC, Economic, . Commerce, U.S, Thomson Locations: San Francisco, U.S, Japan, Vietnam, Singapore, China, United States

Brendan Smialowski | Afp | Getty ImagesBEIJING — U.S. President Joe Biden and Chinese President Xi Jinping have agreed to resume high-level military communication, according to both countries. China's Defense Ministry declined a call with its U.S. counterpart in early February after the discovery of an alleged Chinese spy balloon over U.S. airspace. The balloon incident delayed U.S. Secretary of State Antony Blinken's highly anticipated trip to China by more than four months. U.S. Secretary of Defense Lloyd Austin will meet with his Chinese counterpart when the Chinese defense chief is selected, a senior Biden administration official told reporters after the Biden-Xi summit. A readout published by Chinese state media added the resumption of such military talks was "on the basis of equality and respect," according to a CNBC translation.

Persons: Joe Biden, Xi Jinping, Brendan Smialowski, Biden, Antony Blinken's, Blinken, Li Shangfu, Defense Lloyd Austin, presser, China's, I'm, that's, Xi Organizations: Economic Cooperation, Afp, Getty, American, China's Defense, U.S, Defense, Biden, CNBC, Trade Locations: San Francisco, Asia, BEIJING, U.S, China, Taiwan, South, Philippines, Singapore, Pacific, Hawaii, Indonesia, Beijing

☆ Xi-Biden meeting is one of this year's most important meetings, investment firm says
▼ + stars: | 2023-11-16 | 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 EmailXi-Biden meeting is one of this year's most important meetings, investment firm saysPatrick Zhong of M31 Capital discusses the meeting of U.S. President Joe Biden and Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit.

Persons: Biden, Patrick Zhong, Joe Biden, Xi Jinping Organizations: Xi, Capital, Economic Cooperation Locations: Asia

☆ Biden removes sanctions from Chinese institute in push for fentanyl help
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Washington put the institute on the list in 2020 over alleged abuses against Uyghurs and other minority groups, effectively barring it from receiving most goods from U.S. suppliers. Former Chinese ambassador to the U.S. Qin Gang in an interview last year described it as "shocking" the U.S. would sanction the institute, which he described as essential to controlling fentanyl. The Chinese embassy in Washington did not immediately respond to a request for comment. As part of the meeting, the men agreed to cooperate on addressing the source of the opioid fentanyl, with China promising to go directly after specific chemical companies that make fentanyl precursors. Reporting by Paul Grant and Alexandra Alper; Editing by Doina Chiacu, Chizu Nomiyama and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Joshua Roberts, Biden, U.S . Qin Gang, Xi Jinping, Paul Grant, Alexandra Alper, Doina Chiacu, Chizu Nomiyama, Josie Kao Organizations: of Commerce, REUTERS, Rights, Ministry of Public Security’s Institute of Forensic Science, U.S . Qin, Reuters, Economic Cooperation, U.S . Centers for Disease Control, Prevention, Federal Register, Commerce, Defense, Energy, Treasury, Thomson Locations: Washington , U.S, Beijing, United States, Washington, U.S, San Francisco, Asia, China, State

☆ China Hopes Fiji Will Continue 'Firm' Support for Chinese Issues - Chinese State Media
▼ + stars: | 2023-11-16 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) - China said it hopes Fiji will continue to give 'firm' support to it on issues concerning Chinese core interests and major concerns, Chinese state media cited President Xi Jinping as saying to Fijian Prime Minister Sitiveni Rabuka. Xi told Rabuka that China will continue to support Fiji in safeguarding its national sovereignty, security and territorial integrity, Chinese state television said. China supports Fiji in independently choosing its own development path and achieving national development and revitalisation, Xi said. China is also willing to increase Fijian imports, support commercial investments into Fiji and encourage more tourists to visit Fiji. China has been pushing for greater security and trade ties with Pacific Islands countries, signing in July a policing pact with Solomon Islands and raising alarm for the United States.

Persons: Xi Jinping, Sitiveni Rabuka, Xi, Rabuka, Liz Lee, Christopher Cushing, Stephen Coates Organizations: Fijian, Economic Cooperation, Fiji, Pacific Locations: BEIJING, China, Fiji, Asia, San Francisco, Pacific, Solomon Islands, United States, Beijing

"We will continue working to better facilitate high-standard trade that advances workers' rights through strong enforcement of labor standards." Biden was also to take part on Thursday in an event for the Indo-Pacific Economic Framework (IPEF), a 14-nation group his administration established. Hopes for an IPEF trade deal were dashed this week. Asked how long an IPEF trade agreement could take to conclude, an administration official said most negotiations take years but the White House intended to work on an "accelerated timeline." "A stable relationship between the world's two largest economies is not merely good for those two economies but for the world," Biden said to applause.

Persons: Joe Biden, Biden, White, Donald Trump, Republican Trump, Fumio Kishida, Xi Jinping, Justin Trudeau, Anthony Albanese, Dina Boluarte, Srettha Thavisin, Hassanal, Gina Raimondo, Xi, Trevor Hunnicutt, David Brunnstrom, Nandita Bose, Katharine Jackson, Andrea Shalal, Heather Timmons, Josie Kao, Cynthia Osterman Organizations: FRANCISCO, Asia, Economic Cooperation, Economic, Democrat, Republican, APEC, IMF, Amazon.com, Delta Air Lines, PepsiCo, Apple, Boeing, Japan's, Canada's, Australia's, Brunei's, Monetary Fund, . Commerce, Trans, Pacific, Trump, U.S, Thomson Locations: Pacific, San Francisco, Asia, ASIA, U.S, Thailand, China, United States

☆ Enovix Corp establishes $1.2 bln high-volume manufacturing facility in Malaysia
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 16 (Reuters) - Enovix Corporation, a U.S.-based advanced silicon battery firm, will establish a 5.8 billion ringgit ($1.23 billion) high-volume manufacturing facility in Malaysia, the Malaysian Investment Development Authority (MIDA) said in a statement on Thursday. The investment, which will be spent over a period of 15 years, includes the first manufacturing line amounting to 315 million ringgit, MIDA said. The company's investment plan was disclosed to Prime Minister Anwar Ibrahim during a meeting on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the United States, MIDA said. "Enovix's (investment)... promises significant local spillover impact, notably the creation of substantial high-quality job opportunities for Malaysians, and the enhancement of our nation's industrial landscape," Malaysia's Investment, Trade and Industry Ministry Tengku Zafrul Abdul Aziz said in the statement. ($1 = 4.7050 ringgit)Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: MIDA, Anwar Ibrahim, Industry Ministry Tengku Zafrul Abdul Aziz, Rozanna Organizations: Enovix Corporation, Malaysian Investment Development Authority, Economic Cooperation, Trade, Industry Ministry, Thomson Locations: KUALA LUMPUR, U.S, Malaysia, Asia, United States

☆ The top topic on China's Twitter is an old photo of Xi Jinping posing at the Golden Gate Bridge
▼ + stars: | 2023-11-16 | by ( Matthew Loh | Sinéad Baker | ) www.businessinsider.com time to read: +3 min

An old photo of China's Xi Jinping circulated online as he met with Joe Biden in San Francisco. It shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementAn old photo of Chinese leader Xi Jinping posing at the Golden Gate Bridge is now one of the most talked-about things on China's social media. The faded photo shows Xi, visibly younger, smiling with the Golden Gate Bridge in the background. AdvertisementPointing to a photo in his phone with the Golden Gate Bridge in the background, President Biden asked President Xi, “Do you know this young man?” “Oh yes,” said President Xi, “this was 38 years ago.”🌞 pic.twitter.com/r65Em6Z7oS — Hua Chunying 华春莹 (@SpokespersonCHN) November 16, 2023"Do you know this young man?"

Persons: Xi, Joe Biden, —, Xi Jinping, Hua Chunying, Biden, ”, erving, uring Organizations: Service, Economic Cooperation, Chinese Foreign Ministry Locations: San Francisco, Asia

Search resuls for: "Pacific Economic"

25 mentions found