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☆ Elon Musk's private jet has landed in Beijing - Reuters witness
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +3 min

BEIJING, May 30 (Reuters) - A private jet used by Tesla Inc (TSLA.O) CEO Elon Musk has arrived in Beijing, according to a Reuters witness. Tesla did not immediately respond to a request for comment on whether Musk had arrived in China. China is Tesla's second-largest market after the U.S., and the Shanghai plant is the electric car maker's largest production hub. The jet with its identifying tail number could be seen at Beijing Capital International Airport on Tuesday, according to the Reuters witness. While his plane was en route to China, Musk tweeted about advances in China's space program, which aims to land a crew on the moon before 2030.

☆ Musk expected to visit China this week, meet officials, sources tell Reuters
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +2 min

Tesla Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla's Shanghai plant, two of the sources said. China is Tesla's second-largest market after the United States, and its Shanghai plant is the electric carmaker's largest production hub. The company has submitted plans to local authorities to expand capacity for producing powertrains at the Shanghai plant to 1.75 million units annually. In the same interview, Musk said tensions between the United States and China "should be a concern for everyone."

☆ Musk expected to visit China this week, meet officials - sources
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +2 min

HONG KONG/SHANGHAI, May 29 (Reuters) - Tesla (TSLA.O) Chief Executive Elon Musk is expected to visit China this week, three people with knowledge of the matter said, in what would be his first trip to the country in three years. Musk is expected to meet senior Chinese officials and to visit Tesla's Shanghai plant, two of the sources said. China is Tesla's second-largest market after the United States, and its Shanghai plant is the electric carmaker's largest production hub. The company has submitted plans to local authorities to expand capacity for producing powertrains at the Shanghai plant to 1.75 million units annually. Tesla is building a plant in Mexico expected to produce a lower-cost electric car built on its next-generation platform.

☆ Russia predicts trade with China will hit record $200 billion in 2023
▼ + stars: | 2023-05-24 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Trade between Russia and China is expected to hit a new record level of $200 billion this year, according to Russian Prime Minister Mikhail Mishustin during his trip to China, as Moscow faces growing isolation from the West. Last year, bilateral trade jumped nearly 30% to a record $190 billion, mainly boosted by China buying Russian energy. This year, their trade continued to surge, up 41% in the first four months, according to Chinese customs figures. Russian Prime Minister Mikhail Mishustin and Chinese Premier Li Qiang attend a welcoming ceremony in Beijing on May 24, 2023. The two countries have also planned to build the Power-of-Siberia 2 pipeline to deliver more Russian gas to China via Mongolia.

☆ Putin rips into countries that 'impose their rules' on others just 15 months after Russia invaded Ukraine
▼ + stars: | 2023-05-24 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +4 min

Putin exhibited a stunning lack of self-awareness as he slammed countries that try to "impose" on others. Putin ordered the invasion of Ukraine last February, sparking the largest conflict in Europe since WWII. Amid Russia's ongoing, unprovoked invasion of Ukraine, the Russian leader slammed countries that act with "complete disregard of other countries' sovereignty, national interests and traditions." Russia's invasion of Ukraine has also rapidly reshaped Europe's security apparatus, pushing Finland and Sweden — two historically neutral countries — to move to join NATO. Mishustin during the visit said that relations between the two countries were "at an unprecedented high level," per the Associated Press.

[1/4] Chinese Premier Li Qiang and Eritrean President Isaias Afwerki shake hands as they attend a meeting at the Great Hall of the People in Beijing, China May 15, 2023. REUTERS/Florence Lo/PoolBEIJING, May 15 (Reuters) - China's Premier Li Qiang told visiting Eritrean President Isaias Afwerki on Monday their countries should "deepen mutually beneficial win-win cooperation and continuously enrich their strategic partnership" at a meeting in Beijing. Eritrea also shares a border with Djibouti, where China's People's Liberation Army set up its first overseas military base in 2017. The "marginalised continent of Africa and the rest of the world will heavily defend and expect more contributions from the People's Republic of China," Afwerki said. Reporting by Joe Cash; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ The US and China are on a collision course that will worsen the geopolitical economic depression, 'Dr. Doom' economist Nouriel Roubini warns
▼ + stars: | 2023-05-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The US and China are on a collision course that's set to worsen a "geopolitical depression," Nouriel Roubini said. Roubini previously said a geopolitical depression will have far-reaching economic and financial consequences. "Fragmentation and decoupling are becoming the new normal, the two countries remain on a collision course, and a dangerous deepening of the ongoing 'geopolitical depression' is all but inevitable." In a column in February, Roubini warned the world has entered a geopolitical depression that will have far-reaching economic and financial consequences. "In particular, a hot war between major powers is now more likely within the next decade," Roubini wrote in February.

☆ In Beijing, Spanish PM urges Xi to speak with Ukraine's Zelenskiy
▼ + stars: | 2023-03-31 | by ( Eduardo Baptista | ) www.reuters.com time to read: +4 min

Sanchez told a news conference in Beijing he had informed Xi, who visited Moscow on March 20-21, that Spain supported the proposals made by Ukrainian President Volodymyr Zelenskiy. They include a demand to restore Ukraine's territory to the status quo before Russia's 2014 annexation of Crimea. "I transmitted our concern over the illegal invasion of Ukraine," Sanchez said, adding that he "encouraged Xi to talk to President Zelenskiy". Last month, Beijing put forward its own 12-point peace plan and called for a comprehensive ceasefire in the conflict. Sanchez urged China to seek a more balanced economic relationship with Spain and called for greater transparency.

☆ China's Premier Li Qiang seeks to rally Asia behind Beijing
▼ + stars: | 2023-03-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

China's Premier Li Qiang addressed an international audience at Boao Asia forum in Boao, Hainan on March 30, 2023. BO'AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier. His speech of about 25 minutes at the Boao Forum for Asia did not delve into China's heightened tensions with the U.S. Asia and the world are at the "crossroads" of history, Li said, while portraying China as a center of stability. Li, who was confirmed as premier in March, said China's development going forward would bring "strong momentum to the economic growth of Asia."

☆ China Development Forum: Li Qiang rolls out the welcome wagon for foreign companies
▼ + stars: | 2023-03-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

“China’s economy has been deeply integrated into the global division of labor.”Li pledged that the country will align with international economic and trade rules, give equal treatment to foreign investment and facilitate trade and investment by removing government controls. Worries about foreign investmentConcerns about foreign capital leaving China have grown. To boost business confidence, China’s new economic leadership is trying to reassure foreign business and the domestic private sector. “You are not foreigners, but family,” Wang Wentao, the commerce minister, told attendees at the China Development Forum. In a meeting with Cook on Monday, he said China is willing to “provide a good environment and services” for foreign enterprises including Apple.

☆ China to boost support for high-end manufacturing - Premier Li
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Chinese Premier Li Qiang waves as he leaves a news conference following the closing session of the National People's Congress (NPC), at the Great Hall of the People, in Beijing, China March 13, 2023. REUTERS/Florence Lo/PoolBEIJING, March 22 (Reuters) - China will strengthen its policy guidance to support advanced manufacturing, Premier Li Qiang was quoted as saying by state radio on Wednesday. China will create a market-oriented, legal and international business environment and strengthen the policy guidance to support advanced manufacturing, said Li. Li visited the southern province of Hunan from March 21-22 and hosted a forum on the development of advanced manufacturing, according to state radio. Reporting by Liangping Gao and Ryan Woo; Editing by Toby Chopra and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Chinese Premier Li Qiang takes on the job at a challenging time. China’s new premier pledged to shore up growth and restore business confidence in the world’s second-largest economy, seeking to assure the world that Beijing can overcome domestic difficulties and diplomatic tensions that have buffeted his country in recent months. Li Qiang, at his first press briefing in his new government role, acknowledged China won’t find it easy to meet its relatively conservative target of expanding gross domestic product by about 5% this year, as the government focuses on delivering stable prices, creating jobs and supplying ample housing.

Li, installed as premier on Saturday during the annual session of China's parliament, is tasked with reviving the world's second-largest economy after three years of COVID curbs. But he faces challenges including weak confidence among consumers and private industry, sluggish demand for exports and worsening relations with the United States. China's private sector has been rattled in recent years by a sweeping regulatory clampdown targeting some of its most vibrant industries, including the internet and private education. At the opening of the annual parliamentary session, China set a GDP growth target of 5% percent, its lowest goal in nearly three decades, after the economy grew just 3% last year. China's relations with the United States sank to a low after U.S. House Speaker Nancy Pelosi visited Taiwan in August 2022.

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