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☆ Germany’s China policy makes life easier for its companies
▼ + stars: | 2023-07-14 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Back then one idea was to aggressively push for companies to disclose details of their China business, and even to stress-test their exposure, according to a draft seen by Reuters. The compromise likely stems from the realisation that China is simply too strategic to quit quickly without inflicting significant pain. A survey conducted by the ifo Institute showed that half of German firms in the manufacturing sector currently depend on important intermediate inputs from China. Even so, executives will be relieved they can for the most part undertake China de-risking at their own pace. Follow @ywchen1 on TwitterCONTEXT NEWSGermany’s first China strategy, published on July 13, outlined possible responses to an "increasingly assertive" Beijing, such as adjusting export controls and outbound investment restrictions.

Persons: Martin, Thomas Schäfer, Brudermüller, “, Li Qiang, George Hay, Streisand Neto Organizations: Reuters, BASF, Volkswagen, Greens, Reuters Breakingviews, BASF ”, ifo, Reuters Graphics Reuters, Union, VW, European Union, Thomson Locations: China, Berlin, People’s Republic, Brussels, Washington, Taiwan, Republic, Germany, Beijing

☆ Russia is egging Southeast Asian countries to ditch the dollar to get around Western sanctions — and it shows just how desperately it wants to save its flagging economy
▼ + stars: | 2023-07-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russia's foreign minister urged Southeast Asian countries to trade with Russia using local currencies. urged Southeast Asian countries to trade with Russia using local currencies. Even President Vladimir Putin championed the use of local currencies for trade in recent weeks. Russia's trade with Southeast Asia fell 4.4% in 2022 amid sweeping sanctions against Moscow. Russia's trade with the Association of Southeast Asian Nations — a 10-country intergovernmental bloc — fell by 4.4% in 2022 from a year ago.

Persons: Vladimir Putin, it's, Sergey Lavrov, Jeffrey Sonnenfeld, Steven Tian, Phil Rosen, Lavrov, Kompas Organizations: Moscow, Service, Association of Southeast, Yale, Russia, Bank of International Locations: Russia, Southeast Asia, Wall, Silicon, Moscow, Indonesia, Nations, Ukraine, Russian, Indonesian, Europe

July 11 (Reuters) - China's foreign minister Qin Gang will not attend a diplomatic gathering in Indonesia this week for health reasons, a spokesman for his ministry said on Tuesday. Foreign ministers of the Association of Southeast Asian Nations (ASEAN) and China are scheduled to meet on Thursday, before Friday's East Asia Summit and ASEAN Regional Forum. "State Councillor and Foreign Minister Qin Gang cannot attend this ASEAN ministerial meeting because of health reasons," spokesman Wang Wenbin said. Qin, 57, took over from Wang as foreign minister in December and was last seen in public on June 25 in Beijing after meeting officials from Sri Lanka, Russia and Vietnam. Wang Yi, who is the foreign policy chief for the Chinese Communist Party, ranks above Qin, who as the foreign minister is the government's foreign policy chief.

Persons: Qin Gang, Wang Yi, Wang Wenbin, Wang, Qin, Josep Borrell, Antony Blinken, Blinken, Yew Lun Tian, Karen Lema, Stanley Widianto, Martin Petty, John Geddie, Robert Birsel Organizations: Association of Southeast Asian Nations, ASEAN, Friday's East Asia Summit, ASEAN Regional, Politico, European Union, EU, U.S, Chinese Communist Party, Thomson Locations: Indonesia, China, Jakarta, Wang, Beijing, Sri Lanka, Russia, Vietnam, Washington, Manila

☆ Paris protest over police violence banned in aftermath of riots
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +3 min

PARIS, July 8 (Reuters) - Paris police banned a protest on Saturday against violence by the force, a week after France was rocked by riots sparked by the killing of a teenager in a suburb of the French capital. French authorities and politicians including President Emmanuel Macron have denied institutional racism within the country's law enforcement agencies. The demonstration against alleged police violence and racial discrimination was initially planned as a march in Beaumont-sur-Oise, another Paris suburb, where Traore died in 2016. Separately, the French foreign ministry on Saturday denied a UN Committee on the Elimination of Racial Discrimination (CERD) allegation of racial discrimination and excessive use of force by French law enforcement officials. "Any accusation of systemic racism or discrimination by law enforcement in France is unfounded", the foreign ministry said, echoing similar statements it has made previously.

Persons: Emmanuel Macron, Nahel, Adama Traore, Frenchman, George Floyd, Traore, Mathilde Panot, Tassilo Hummel, Alexander Smith Organizations: la Republique, UN, Thomson Locations: Paris, France, la, United States, Beaumont, sur, Oise, Marseille, Strasbourg, Nahel

☆ Japan protests to S.Korea over military drill on disputed islands
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 7 (Reuters) - Japan lodged a protest with South Korea over military drills it conducted on disputed islands, saying it was "extremely regrettable", the foreign ministry said in a statement issued on Friday. "Takeshima is indisputably an inherent territory of Japan, in light of historical facts and based on international law," the ministry said in the statement. "The drills by the South Korean military are unacceptable and extremely regrettable." "The East Sea territory defence exercise was carried out to conduct our mission to protect our territory, people and property," a South Korean military official said. The South Korean military has conducted the military drill routinely every year, the official added.

Persons: Kaori Kaneko, Hyunsu Yim, Kim Coghill Organizations: South, South Korea, East, Korean, Thomson Locations: TOKYO, Japan, South Korea, South Korean, Tokyo, Seoul, Dokdo, Korea

☆ Philippines accuses China of more 'harassment' near disputed reef
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

[1/3] A Chinese Coast Guard ship allegedly obstructs the Philippine Coast Guard vessel Malabrigo as it provided support during a Philippine Navy operation near Second Thomas Shoal in the disputed South China Sea, June 30, 2023 in this handout image released July 5, 2023. Philippine Coast Guard/Handout... Read moreMANILA, July 5 (Reuters) - The Philippines on Wednesday accused China's coast guard of harassment, obstruction and "dangerous manoeuvres" against its vessels, after another incident near a strategic feature of the South China Sea that has become a flashpoint between them. Philippine coast guard boats were assisting a naval operation on June 30 when they were "constantly followed, harassed, and obstructed by the significantly larger Chinese coast guard vessels", Philippine coast guard spokesperson Jay Tarriela, said in a Tweet. China has previously said its coast guard were conducting regular operations in what are Chinese waters. China claims sovereignty over almost the entire South China Sea via a "nine-dash line" on its maps that cuts into the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei and Indonesia.

Persons: Shoal, Jay Tarriela, Thomas, Tarriela, Karen Lema, Martin Petty Organizations: Coast Guard, Philippine Coast Guard, Philippine Navy, Read, South China, Philippine, U.S, Thomson Locations: Second, China, MANILA, Philippines, China's, South, Philippine, Manila, Beijing, Sierra, Vietnam, Malaysia, Brunei, Indonesia

☆ Ethiopia asks to join BRICS bloc of emerging economies
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

June 29 (Reuters) - Ethiopia, one of Africa's fastest-growing economies, has asked to join the BRICS bloc of emerging markets, the foreign ministry said on Thursday. The term BRIC was coined by Goldman Sachs economist Jim O'Neill in 2001 to describe the rise of Brazil, Russia, India and China. South Africa joined in 2010. Ethiopia will continue to work with international institutions that can protect its interests, he said. BRICS countries account for more than 40% of the world's population and about 26% of the global economy.

Persons: Goldman Sachs, Jim O'Neill, Meles Alem, Vladimir Putin, Hereward Holland, Deepa Babington Organizations: International Monetary Fund, West ., Thomson Locations: Ethiopia, Brazil, Russia, India, China, South Africa, ENA, Africa, Argentina, West, West . South Africa

In the video, a Central African Republic rebel fighter says "the French want to drive Wagner out of Africa". Russia and Wagner have a track record of media manipulation and disinformation, which Wagner founder Yevgeny Prigozhin has admitted to. The European Union sanctioned Wagner in February for alleged rights abuses and spreading disinformation, including in Africa. The foreign ministry unit doesn’t promote or generate fake news, the two diplomats said. However, the foreign ministry unit, and the broader strategy, will face an uphill battle to convince people in Africa that France has changed, seven analysts and diplomats said.

Persons: Ibrahim Traore, Vincent Bado, Wagner, Catherine Colonna, Yevgeny Prigozhin, Emmanuel Macron, Macron, Maria Zakharova, Meta, Anne, Sophie Ave, Lakhta, Prigozhin, Viginum, Faustin, Archange Touadera, “, Michael Shurkin, I'm, Jean Gaspard Ntoutoume Ayi, John Irish, Elizabeth Pineau, Bate Felix, Michel Rose, Frank Jack Daniel Our Organizations: REUTERS, Russia, Central, Facebook, Kremlin, Reuters, Quai D'Orsay, Vigilance, Protection, European Union, West, Central African, Twitter, Democratic, Internet Research Agency, Meta, Global, National Union, Gabonese, Thomson Locations: Burkina, French, Ouagadougou, Burkina Faso, Russia, PARIS, DAKAR, Central African Republic, France, Russian, Africa, Paris, France's, Ukraine, Moscow, Central, West Africa, Quai, Kinshasa, Mali, Sahel, Europe, Democratic Republic of the Congo, DRC, U.S, Togo, Libreville, Senegal, Ivory Coast, Dakar

CNN —When President Joe Biden referred to his Chinese counterpart as a dictator late Tuesday in California, the response from Beijing was swift and angry. Whether the new acrimony further derails a “thaw” in US-China ties, something that Biden has openly hoped for, remained an open question. “He didn’t know about it,” Biden told donors. Biden and Xi last met at a G20 conference in Bali. “You just saw what’s happened in Italy in that election,” Biden told the donors and Democratic officials at a Washington, D.C. fundraiser.

Persons: Joe Biden, ”, Biden, Xi Jinping, ” Biden, –, Antony Blinken, Blinken, Blinken hasn’t, Blinken’s, “, John Kerry, Xi, Donald Trump, John Kirby, Kirby, “ We’re, Dmitry Peskov, Peskov, Vladimir Putin’s, Emmanuel Macron Organizations: CNN, White, Democratic, APEC, Biden, Mar, National Security, Japan –, New York City Locations: California, Beijing, China, Marin County, “, –, Washington, India, Bali ., San Francisco, United States, Australia, Japan, Russia, New York, Italy, America, Cornish, England

☆ Ukraine repatriates three POWs from Russia via Hungary - Kyiv
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

KYIV, June 20 (Reuters) - Kyiv repatriated three Ukrainian prisoners of war from Hungary after a group of POWs was transferred there from Russia without coordination with Kyiv, the foreign ministry said on Tuesday. "The Embassy of Ukraine in Budapest managed to bring back three Ukrainian prisoners of war from Hungary," Ukrainian foreign ministry spokesperson Oleg Nikolenko wrote on his Facebook page. Ukraine said on Monday that Hungary has been ignoring its requests for contact with the prisoners of war. It has cast the transfer of the POWs to Hungary as a publicity stunt by Orban. Reporting by Anna Pruchnicka and Kyiv newsroom; Editing by Tom Balmforth and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Viktor Orban, Oleg Nikolenko, Nikolenko, Orban, Gergely Gulyas, Anna Pruchnicka, Tom Balmforth, Alison Williams Organizations: Kyiv, Thomson Locations: Hungary, Russia, Moscow, Budapest, Ukraine, Kyiv

Two sources with knowledge of Sunday's meeting told Reuters that Myanmar's junta-appointed foreign minister had been invited. Myanmar's military spokesman did not respond to phone calls on Friday night. ASEAN chair Indonesia has declined to attend the proposed meeting, according to three sources. Phil Robertson, deputy Asia director of Human Rights Watch, said the Thai foreign minister had shown "arrogance" by inviting his junta counterpart who other regional neighbours have shunned. Indonesia last month cited progress in its own behind-the-scenes efforts to engage multiple parties in Myanmar's conflict in a bid to advance a peace process agreed by ASEAN leaders and Myanmar's military in April 2021.

Persons: Don Pramudwinai, Nobel, Aung, hasn't, Myanmar's, Prayuth Chan, ocha, Don's, Don, Phil Robertson, Ananda Teresia, Devjyot Ghoshal, Kay Johnson, Stanley Widianto, Martin Petty, Devjyot, Angus MacSwan Organizations: ASEAN, of Southeast Asian Nations, Thailand's Foreign, Reuters, Myanmar's, Foreign Ministry, Human Rights, Party, United Nations, Thomson Locations: Myanmar, Thailand, Indonesia, Thailand BANGKOK, Suu, Jakarta, Asia, Bangkok, Shoon

HONG KONG, June 16 (Reuters) - China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on the principles of international law. The European Parliament's resolution titled "The deterioration of fundamental freedoms in Hong Kong, notably the case of Jimmy Lai" urged Hong Kong's government to release and drop charges against the pro-democracy tycoon and other activists. It also called for the European Council to introduce "targeted sanctions" against city leader John Lee and other officials "responsible for the ongoing crackdown on human rights in Hong Kong". Government officials in Beijing and Hong Kong say that the law only targets a small number of "troublemakers" who threaten national security and that the rights and freedoms of ordinary Hong Kong people are protected. Lai, who is in prison, is facing four charges under the security law and a colonial era sedition law.

Persons: Jimmy Lai, Hong, John Lee, Lee, Lai, Lai's, Sebastien, Farah Master, Jessie Pang, Anne Marie Roantree, Gerry Doyle Organizations: China's Ministry of Foreign Affairs, European Council, United, Government, National Security Law, Thomson Locations: HONG KONG, Hong Kong, United States, Beijing, China

☆ China's Premier Li to visit Germany, France June 18-23
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: 1 min

BEIJING, June 15 (Reuters) - China's Premier Li Qiang will visit Germany and France from June 18 to 23, the foreign ministry said on Thursday. Li will hold the seventh round of China-Germany inter-governmental consultation, and attend the Summit for a New Global Financing Pact in France, ministry spokesperson Wang Wenbin said at a regular news conference. Reporting by Beijing Newsroom; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Wang Wenbin, Jason Neely Organizations: Global, Beijing, Thomson Locations: BEIJING, Germany, France, China

☆ Russian foreign ministry summons Canadian envoy over plane confiscation
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, June 15 (Reuters) - Russia's Foreign Ministry said on Thursday that it had summoned a Canadian diplomat in Moscow in protest over the confiscation of an Antonov plane in Toronto, and warned that Russian-Canadian relations were on the "verge of being severed." Canada on Saturday ordered the seizure of a Russian-registered Antonov-124 cargo plane at Toronto's airport, its first such asset seizure aimed at putting pressure on Moscow over the Ukraine invasion. Russia told Brian Ebel, the deputy head of Canada's embassy in Moscow, that it viewed the plane seizure as "cynical theft," according to a statement from the foreign ministry. A spokesperson for the Canadian foreign ministry acknowledged Moscow's concerns, and reiterated Ottawa's "unwavering" support for Ukrainians. Those who have enabled, supported and profited from Russia's war in Ukraine will be held accountable," the spokesperson said in an emailed statement.

Persons: Brian Ebel, Trudeau, Ottawa's, Justin Trudeau, Ismail Shakil, Mark Potter, Alexandra Hudson Organizations: OTTAWA, Saturday, Canada, NATO, Alexandra Hudson Our, Thomson Locations: Canadian, Moscow, Toronto, Canada, Russian, Toronto's, Ukraine, Russia, Kyiv, Ukrainian, Ottawa

☆ China rebukes US in phone call ahead of Blinken's planned Beijing trip
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] U.S. Secretary of State Antony Blinken speaks to members of the media in the Treaty Room of the State Department in Washington, U.S., June 12, 2023. Qin told Blinken to respect China's core concerns, such as the Taiwan issue, in an effort to arrest declining relations between the superpowers, according to China's foreign ministry. The Chinese foreign ministry has yet to reveal information on Blinken's trip, but a U.S. official last Friday said Blinken would be in Beijing on June 18, giving no other details. Blinken cancelled a planned trip to Beijing in February over a suspected Chinese spy balloon that flew over the United States. The United States should "stop interfering in China's internal affairs, and stop harming China's sovereignty, security and development interests in the name of competition," Qin added.

Persons: Antony Blinken, Mandel Ngan, Qin Gang, Antony Blinken's, Qin, Blinken, Joe Biden's, Bernard Orr, John Geddie, Muralikumar Anantharaman Organizations: State Department, REUTERS, U.S, Thomson Locations: Washington , U.S, United States, Beijing, Taiwan, U.S, China, Washington's, Lincoln

☆ Iraq to pay $2.76 billion in gas and electricity debt to Iran
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +2 min

BAGHDAD, June 10 (Reuters) - Iraq has agreed to pay about $2.76 billion in gas and electricity debt to Iran after receiving a sanctions waiver from the United States, a senior Iraqi foreign ministry official said. Due to decades of conflict and sanctions, Iraq is dependent on imports from Iran for a lot of its gas needs. However, U.S. sanctions on Iranian oil and gas have hampered Iraq's payments for imports, putting it in heavy arrears and leading Iran to retaliate by cutting gas flows regularly. Iran has been unable to access billions of dollars in assets in several countries due to U.S. sanctions. The United States has insisted that oil-rich Iraq, the OPEC group's second-largest producer, moves towards self-sufficiency as a condition for its exemption to import Iranian energy, yet Baghdad has struggled to do so.

Persons: Fuad Hussein, Antony Blinken, Ahmed Al, Sahhaf, Hussein, Yahya Al, Ahmed Rasheed, Amina Ismail, Andrew Cawthorne Organizations: U.S, Riyadh Conference, Reuters, Iraqi Foreign Ministry, Commercial Bank of Iraq, United, OPEC, Dubai, Thomson Locations: BAGHDAD, Iraq, Iran, United States, Iraqi, Riyadh, Baghdad

And while Musk has mentioned the trip in two posts since leaving, he didn't tweet once while in China. That said, after three years of harsh COVID curbs that hampered entry into China, foreign CEOs appear eager to get the lay of the land. Sixty-seven foreign business leaders attended the high-profile China Development Forum this year, although that is still 20 fewer than in 2019. The few known comments by foreign CEOs whilst they were in China have been in line with Biden's stance that he is not seeking to decouple the world's two largest economies. The foreign ministry quoted Musk as saying he was opposed to a decoupling of the U.S. and China economies which he described as "conjoined twins".

Persons: Elon Musk, Goldman Sachs, David Solomon, Musk, Goldman's Solomon, wariness, Xi, Noah Fraser, Tesla, Goldman, Joe Biden, Tim Cook, Patrick Gelsinger, Mary Barra, Stephen Schwarzman, Jamie Dimon, Christopher Johnson, JPMorgan's Dimon, Daniel Russel, Brenda Goh, Joe Cash, Selena Li, Zhang Yan, David Brunnstrom, David Shepardson, Edwina Gibbs Organizations: Media, Twitter, Canada China Business Council, EU Chamber of Commerce, U.S . Department of Commerce, U.S, flashpoints, General Motors, China, China Strategies, U.S ., JPMorgan, Blackstone, Intel, JPMorgan Global China Summit, Asia Society Policy Institute, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, U.S, Washington, Beijing, Blackstone's, East, Hong Kong

☆ Mexico foreign minister quits in bid to clinch presidential nomination
▼ + stars: | 2023-06-07 | by ( Dave Graham | ) www.reuters.com time to read: +4 min

[1/4] Mexican Foreign Minister Marcelo Ebrard raises his fist while announcing he will resign next week to focus on winning the nomination of the leftist National Regeneration Movement (MORENA) ruling party for next year's presidential election, at a hotel in Mexico City, Mexico, June 6, 2023. Mexico's U.N. ambassador Juan Ramon de la Fuente and ambassador to the U.S. Esteban Moctezuma are seen by many analysts as the favorites to replace Ebrard as foreign minister. As foreign minister, it is harder for Ebrard to address domestic issues than for Sheinbaum and Interior Minister Adan Augusto Lopez, another leading contender, Buendia said. Following Ebrard's announcement, MORENA party chairman Mario Delgado told Mexican radio the party's contenders would ultimately have to resign to ensure a fair contest. During Monday's meeting, Lopez Obrador said he had urged the party to remain united, and pledged not to influence the outcome of MORENA's internal contest.

Persons: Marcelo Ebrard, Andres Manuel Lopez Obrador, Mayor Claudia Sheinbaum, Ebrard, Mexico's U.N, Juan Ramon de la Fuente, Esteban Moctezuma, Lopez Obrador, MORENA, Jorge Buendia, Marquez, Buendia, Adan Augusto Lopez, Lopez, Mario Delgado, Dave Graham, Anthony Esposito, Gerry Doyle, Raju Gopalakrishnan Organizations: Foreign, Regeneration, Read, MEXICO CITY, Mayor, U.S, Thomson Locations: Mexico City, Mexico, MEXICO, U.S, Mexican, State of Mexico

[1/3] Tesla Chief Executive Officer Elon Musk stands near Chinese Commerce Minister Wang Wentao before leaving the Chinese Ministry of Commerce in Beijing, China May 31, 2023. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China and while also securing audiences with three government ministers. "Elon Musk is just great, if only China could have someone like Elon Musk," said another. Musk's unannounced trip is the latest by a major U.S. CEO to China since the country reversed its zero-COVID policy and reopened its borders. The commerce ministry also did not respond to a request for comment.

Persons: Elon Musk, Wang Wentao, Tingshu Wang, Ma, Billionaire Elon Musk, Zeng Yuqun, Jin Zhuanglong, hasn't, Musk, Elon, Tim Cook, JP Morgan's, Jamie Dimon, Laxman Narasimhan, CATL's Zeng, Tesla, CATL, Martin Pollard, Josh Arslan, Wang Tingshu, Joe Cash, Zhang Yan, Brenda Goh, Edwina Gibbs Organizations: Tesla, Commerce, Chinese Ministry of Commerce, REUTERS, Tesla Inc, Fu Yan, Twitter, Shanghai, Thomson Locations: Beijing, China, Tingshu Wang BEIJING, U.S, Shanghai, United States

☆ 6 photos of Elon Musk's visit to China, from a 16-course dinner to meetings with Chinese officials
▼ + stars: | 2023-05-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Photos from the visit show Musk's private jet landing and the Tesla CEO's 16-course meal. Elon Musk touched down in China for the first time in three years on Tuesday — a key trip for the Tesla chief. Musk met with Chinese Foreign Minister Qin Gang. Musk is one of several US CEOs to visit China in recent months. Some analysts have hailed Musk's visit to China as a positive sign.

Persons: Elon Musk, Musk, Elon, Tingshu Wang, Ma, Jack Ma, Tom Zhu, Grace Tao, Qin Gang, Qin, he's, Zeng Yuqun, Fu Yan, Jin Zhuanglong, Tesla, CNBC's David Faber, Li Keqiang, Li Qiang, Dan Ives Organizations: Morning, Tesla, Twitter, REUTERS, Reuters, Tesla's, Beijing REUTERS, Chinese Ministry of Commerce, Foreign, China's Ministry of Foreign Affairs, Amperex Technology, Weibo, Associated Press, Apple, Getty Locations: China, Beijing, Austin , Texas, Anchorage , Alaska, People's Republic of China, Shanghai

☆ Elon Musk: CEOs flock to China as risks to trade and investment rise
▼ + stars: | 2023-05-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +8 min

To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.

Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, ”, Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, ‘, ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang

☆ China says it will make efforts for political solution to Ukraine crisis
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +1 min

BEIJING, May 27 (Reuters) - China will make concrete efforts for a political solution to the Ukraine crisis, the Chinese foreign ministry quoted special envoy Li Hui as saying on Saturday. China has always adhered to an objective and fair position on Ukraine, argued for peace and promoted talks, Li was quoted as telling Russian Foreign Minister Sergei Lavrov. Li's visit to Russia was the final stop in a multi-country tour that Beijing said was aimed at discussing a "political settlement" to the Ukraine crisis. Li said China will strengthen exchanges and dialogues with all parties, including Russia, according to the readout from the foreign ministry. Reporting by Ella Cao and Bernard Orr; Editing by Kim Coghill and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Why China and Japan are praying the US won’t default
▼ + stars: | 2023-05-25 | by ( Laura He | ) edition.cnn.com time to read: +8 min

China and Japan are the largest foreign investors in American government debt. China was the largest foreign creditor to the United States for more than a decade. The falling value of Treasuries would lead to a drop in Japan and China’s foreign reserves. “If the United States defaults on its debt, it will not only discredit the United States, but also bring real financial losses to China,” it said. Analysts say Beijing has shown little willingness to fully integrate with global financial markets.

☆ Georgia Secretary of State Brad Raffensperger thanked Russia for putting him on 'Russophobia' list and banning him from the country: 'I appreciate them thinking of me'
▼ + stars: | 2023-05-21 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Georgia Secretary of State Brad Raffensperger thanked Russia for including him on a new travel ban. "I accept that I'm not their cup of Russian tea," he said in a Saturday statement mocking the list. "My inclusion on this list is deserved, and I appreciate them thinking of me." The list, which was released Friday by the Russian Foreign Ministry, named US citizens who aren't allowed to travel to Russia. Gershkovich was detained in the country in March and formally charged with espionage in April.

☆ Russia and China hit back at a G7 that saw them as a threat
▼ + stars: | 2023-05-21 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

CNN —Moscow and Beijing lashed out against the Group of Seven (G7) summit in Hiroshima, where leaders of major democracies pledged new measures targeting Russia and spoke in one voice on their growing concerns over China. Russian Foreign Minister Sergey Lavrov on Saturday slammed the G7 for indulging in their “own greatness” with an agenda that aimed to “deter” Russia and China. G7 member countries are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. Concern about such incidents was reflected in the G7 statement on ensuring economic security and countering economic coercion, which did not explicitly mention China. “The bottom line is that the G7 has shown it will increasingly focus on China and will try to maintain a coordinated policy approach.

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